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The Latest Breaking News from Hormuz

Copper hits one-week low as Middle East escalation clouds growth outlook

Copper prices dropped to a one-week low on Thursday as renewed Middle East tensions boosted the dollar and oil, sparking inflation and slowdown fears. U.S. strikes targeting an Iranian drone operation in the Strait of Hormuz contributed to market unease. Base metal prices are expected to trade sideways pending a…

The Economic Times

US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard…

The Economic Times

Trump threatens to ‘blow up’ US ally Oman amid talks over strait of Hormuz

US president calls on US ally to ‘behave … or else we’ll have to blow them up’ in casual aside during cabinet meeting

The Guardian - US

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US forces to withdraw from Iran's vicinity, lift naval blockade, says state media citing draft deal

For India and other major energy importers, any agreement leading to normalisation in Hormuz traffic could ease concerns over supply disruptions and crude price volatility. The waterway remains one of the world’s most critical energy chokepoints, making developments in the negotiations closely watched by global markets.

The Economic Times

Oil Price Today (May 27): Crude oil hovers near $100 amid mixed cues on Iran war peace deal. What are experts saying?

Brent crude prices remained volatile as U.S. strikes in southern Iran and mixed signals from President Trump over talks with Tehran kept traders cautious. Disruptions through the Strait of Hormuz are increasing pressure on the global oil market, with inventories declining and potential production losses mounting.

The Economic Times

Trump’s ‘Nice’ Peace Talks With Iran Blew Up After US Struck Missile Sites. Now, Tehran Vows a Response

Iran could further stall shipping in Hormuz, launch cyberattacks on U.S. infrastructure, or target U.S. allies.

The Mary Sue

Methanol, pistachios and cement: the other Iranian exports being choked by the war

The war between Iran, the US and Israel has escalated into a major global crisis, with consequences that are reaching far beyond the Middle East. The closure of the Strait of Hormuz, through which around 25% of the world’s oil ordinarily passes, has rattled global energy markets.

The Conversation

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Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’

Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in ‘endless loop’

The Guardian - UK

UK prepares mine-sweeper for Hormuz as part of wider Franco-British coalition

The United Kingdom is preparing a mine-sweeping mission to help reopen the Strait of Hormuz, as part of a wider Franco-British coalition that would move in once a peace deal ends the Iran war and commercial shipping returns.

Radio France Internationale

Oil Price Today (May 26): Crude oil nears $100 as US strikes southern Iran. What are experts saying?

Oil prices saw a jump on Tuesday. This followed U.S. military strikes in southern Iran. Tensions remain high as a deal to end the conflict appears uncertain. Iran has disrupted shipping through the Strait of Hormuz, impacting global energy flows. Discussions are ongoing for a potential agreement. Analysts warn of…

The Economic Times

I solved the Strait of Hormuz crisis with videogames, simply by creating an even bigger Strait of Hormuz crisis

Put me in for the FIFA peace prize.

PC Gamer

Possible Iran-US deal: What we know about the key issues on both sides

The United States and Iran have downplayed prospects for a rapid deal to end the Middle East war, despite signs of progress in talks. Key sticking points remain over Iran’s nuclear programme, control of the Strait of Hormuz, sanctions relief and a possible ceasefire in Lebanon, with both sides signalling…

France 24

BPCL, HPCL and IOC shares soar up to 6%. Here are two big triggers

Indian oil stocks surged as crude oil prices dropped to a two-week low, driven by progress in US-Iran peace talks. This optimism, coupled with a recent fuel price hike, boosted shares of HPCL, IOC, and BPCL. Analysts, however, caution that full market normalization could take months.

The Economic Times

Oil Price Today (May 25): Crude oil hits 2-week low as US-Iran peace deal moves closer. Is the worst behind?

Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with disruptions continuing to impact global oil supplies. Analysts caution that even with a deal, full normalization could take months, with potential impacts extending for years.

The Economic Times

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The Economic Times

Pakistan eyes Gulf-backed oil reserve hub at Gwadar amid Strait of Hormuz tensions

Pakistan is encouraging Persian Gulf oil producers to establish crude reserve buffers at its planned Energy City near Gwadar Port. This initiative aims to create strategic reserves for emergency use, as Pakistan currently lacks such buffers. Kuwait has already shown interest in this proposal, which also includes LNG and LPG…

France 24

'Time is on our side': Trump tempers expectations of a peace deal with Iran

US President Donald Trump on Sunday said that he had told diplomatic representatives not to "rush into a deal" with Tehran to end the US-Israeli war on Iran, walking back earlier signals of progress towards a peace agreement. The draft agreement would reportedly postpone talks over Iran's nuclear programme, instead…

The Economic Times

Trump calls Obama’s Iran nuclear deal ‘one of the worst ever made,’ vows Hormuz blockade until agreement signed

In a recent statement, US President Donald Trump conveyed optimism over the negotiations with Iran for a new nuclear agreement, highlighting that discussions are moving forward in a positive direction. He insisted that the blockade will remain intact until a final agreement is officially signed.

The Guardian - UK

What may be included in proposed Iran ceasefire deal?

Proposed framework hinges on a 60-day truce, reopening strait of Hormuz, and revived talks on limiting Iran nuclear programme

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The Economic Times

LNG tanker exits Hormuz for India for first time since war began

The exit of an LNG tanker from the Strait of Hormuz marks a pivotal moment for India, signaling its first shipment from the Persian Gulf in light of the ongoing Iran conflict.

The Guardian - UK

Squeals of horror over price caps – but how are we going to fix our broken food system?

Global events and the climate crisis have left Britain’s food system dangerously exposed and in desperate need of an overhaul

The Guardian - US

Trump claims peace deal with Iran ‘largely negotiated’ with strait of Hormuz to open

President’s claim is tempered by Pakistani PM’s hopes of hosting more talks ‘very soon’, and Iran’s Fars news agency saying strait of Hormuz will remain under Iranian control

France 24

Rubio urges more support from NATO allies to help end Iran war

US Secretary of State Marco Rubio urged more support for US efforts to reopen the Strait of Hormuz, relaying Trump's "disappointment" at NATO allies and European partners for failing to step up their efforts to end the Iran war. Rubio made the comments ahead of the arrival of Pakistan’s army…

The Guardian - UK

Marco Rubio: Trump ‘disappointment’ with Nato will be discussed at summit

Secretary of state suggests July meeting of alliance will be fraught as US demands help in strait of Hormuz

MarketBeat

Frontline Q1 Earnings Call Highlights

Frontline (NYSE:FRO) reported what Chief Executive Officer Lars Barstad called the company’s most profitable quarter since 2004, as tanker markets were reshaped by the effective closure of the Strait of Hormuz and shifting global oil trade patterns. Speaking on the company’s first-quarter 2026 earn

The Guardian - UK

Qatar sends mediators to Tehran in sign talks to reopen strait of Hormuz are reaching climax

Iran has threatened to impose tolls on shipping, while US demands that Iran hand over its highly enriched uranium may be deferred. Is there an end in sight?

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