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The Latest Breaking News from Hormuz

Hostilities flare in Iran war, oil jumps with talks at a stalemate

CAIRO/WASHINGTON - Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the U.S. military carrying out strikes near ‌the Strait of Hormuz, as diplomacy between Washington and Tehran showed little progress.

Bangkok Post

The Iran war is pushing the global gas trade into the shadows

As the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by adopting tactics more commonly associated with the oil industry's “shadow fleet.” LNG carriers are increasingly switching off transponders, travelling in pairs, and making “dark transits” through the…

The Economic Times

Why Asia's oil lifeline can't survive on US crude alone

Asian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to the closure of the Strait of Hormuz. This situation is creating supply challenges for refineries. Experts believe prices for refined fuels may rise. Less developed countries in Asia…

The Economic Times

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Hormuz gauntlet runner says Trump has been good for shipping

Dynacom Tankers Management founder George Procopiou stated that US President Donald Trump's policies have benefited the shipping industry.

The Economic Times

'Sit back and relax': Can Trump afford to go back to war with Iran?

US President Trump's cautious optimism regarding Iran negotiations has been shattered as Tehran suspends talks, citing Israeli actions in Lebanon. This escalation threatens the Strait of Hormuz, reignites military exchanges, and jeopardizes Trump's political standing and economic stability ahead of crucial midterm elections.

The Economic Times

An LNG glut is on its way

The closure of the Strait of Hormuz and the shutdown of Qatar’s LNG exports have pushed gas prices higher, but the disruption could ultimately lead to a prolonged global LNG glut, according to the analysis. The crisis has exposed the risks of relying on LNG supplies passing through Hormuz, prompting…

The Economic Times

'We're Gonna Take It to the UN': Rubio Issues Stark Warning to Iran Over Strait of Hormuz Stranglehold

The US, led by Secretary of State Marco Rubio, seeks UN intervention to counter Iran's blockade of the Strait of Hormuz, a critical global shipping route, amid rising tensions.

International Business Times UK

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Trump sends back revised Iran deal text; seeks 'tougher language' on nuclear terms, Strait of Hormuz reopening

Just a week after declaring a proposed agreement with Iran "largely finalised", US President Donald Trump has reportedly sent the Iran deal back for revisions, prolonging negotiations and casting fresh uncertainty over efforts to end the conflict.

The Times of India

Iran says no deal with US unless its rights secured

Iran's chief negotiator says Tehran will not agree to any deal with the United States unless Iranian rights are fully secured. Reports suggest Washington has sent a tougher peace proposal. This could delay an agreement to end the Middle East war and reopen the Strait of Hormuz. Both sides remain…

The Economic Times

Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tolls

Qatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purposes like mine clearing are negotiable. This stance comes amid discussions between Iran and Oman regarding a permanent toll system. Qatar aims to balance relations with both Iran…

The Economic Times

Trump insists on red lines as Iran deal remains elusive

US President Donald Trump stated he will only agree to a peace deal with Iran if all his conditions are met, including Iran never possessing nuclear weapons and reopening the Strait of Hormuz. However, Iran insists no final agreement has been reached, with reports disputing key elements of Trump's characterization…

The Economic Times

Strait of Hormuz ship transits are rising thanks to help from US

Shipowners are showing increased optimism for traffic through the Strait of Hormuz, with US forces providing navigational advice to vessels. Recent transits, some with satellite transponders off, suggest a potential boost in trade flow. This comes amid hopes for a broader reopening of shipping routes tied to a potential US-Iran…

The Economic Times

Why the Strait of Hormuz worries China more than Malacca

A new report highlights China's key maritime vulnerability lies at the Strait of Hormuz, not the Malacca Strait. This shifts strategic competition in the Indian Ocean to a new arena involving India, France, and the US. China's energy imports through this region expose it to potential exploitation by rival powers.

The Times of India

Global stocks rise and oil price slips amid hopes of US-Iran peace deal - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Economic Times

Hormuz exposes China's Indian Ocean vulnerability, new report

A new report suggests China's maritime vulnerability begins at the Strait of Hormuz, not the Strait of Malacca, creating a strategic competition arena in the Indian Ocean. This region is re-emerging as a key theatre, with China's energy dependence exposing vulnerabilities to rivals like India, France, and the US.

The Guardian - US

Dire strait? Trump’s bid to end Iran war before midterms risks Republican anger

Trump administration in a bind as it faces mounting economic costs ahead of midterms from Iran war

The Economic Times

Bigger proportion of non-Iran ships crossing Hormuz strait: Data

The proportion of vessels not linked to Iranian ownership that are transiting the key Strait of Hormuz has risen, according to data from maritime firm Lloyd's List Intelligence shared Thursday. Adding to the uncertainty, Iranian forces have fired at four ships attempting to cross the Strait of Hormuz without authorisation,…

The Times of India

Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly

Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief.

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The Economic Times

Merchant ships desert Strait of Hormuz amid renewed US strikes

Commercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between the US and Iran intensified. Ship-tracking data showed no commercial vessels crossing the key oil chokepoint Thursday morning after only six two-way crossings on Wednesday.

The Economic Times

IMEC, Indo-Pacific routes key to reducing Hormuz dependence: EY

India is urged to diversify its trade routes and develop new corridors like IMEC and the Indo-Pacific route. This aims to lessen dependence on the Strait of Hormuz amid West Asia tensions. The nation must prepare for economic shocks by building strategic reserves and shifting towards green energy.

The Independent UK

Why has Trump threatened to ‘blow up’ US ally Oman?

Trump made the threat as he declared that ‘nobody’s going to control’ the Strait of Hormuz after the war

Bangkok Post

US and Iranian strikes the most serious since truce began

TEHRAN - The United States and Iran traded strikes on Thursday in their most serious clash since an April ceasefire began, rattling ongoing efforts to negotiate an end to the war and open the vital Strait of Hormuz.

The Economic Times

A shadowy Oman-Iran plot provoked Trump’s “blow ’em up” threat

US President Donald Trump has sent a stark message to the Sultanate of Oman, warning of potential military repercussions should it move forward with its financial alliance with Iran aimed at taxing ships in the crucial Strait of Hormuz. This development raises serious questions about Oman's historical position as a…

Euronews

Hopes for peace deal fade as US and Iran exchange fire again

US forces targeted Iranian drones near Bandar Abbas as the IRGC claimed it struck back at a US airbase, while Washington sanctioned Tehran's Hormuz toll authority and both sides published contradictory accounts of a possible deal.

The Independent UK

Iran-US war latest: Deal to extend ceasefire and reopen Strait of Hormuz ‘just needs Trump signature’

Iranian media denied reports that a draft agreement of ceasefire extension is with Trump for approval

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