The Latest Breaking News from Hormuz

Traffic through Strait of Hormuz slows after attack on ship

Strait of Hormuz traffic saw a dip Friday after a Taiwanese ship was attacked, prompting a pause in evacuation efforts. Despite this, several tankers entered the Gulf to load oil, and two supertankers sought Iranian crude. Crude prices are heading for steep weekly losses amid easing supply concerns, with Saudi…

The Economic Times · Jun 26

Taiwan ship operator says vessel hit in Hormuz 'unharmed'

A Taiwanese shipping operator's vessel, the Ever Lovely, sustained minor damage after being struck by an unidentified object in the Strait of Hormuz. The 21 crew members and cargo remain unharmed. Singapore's Maritime and Port Authority condemned the "unprovoked" incident, which occurred as the ship was leaving the strait. The…

The Economic Times · Jun 26

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

A national debt, fading empire and military victory that wasn't: Has America met its Suez Crisis with the Hormuz affair?

Fortune · Jun 26

Iran fired on cargo ship in Strait of Hormuz, say US officials

Iran fired on a cargo ship transiting the Strait of Hormuz on Thursday, according to two US officials cited by Reuters. The vessel had earlier reported being struck by a projectile near Oman's coast. The incident raises fresh concerns over maritime security and shipping traffic through the strategically vital waterway.

The Economic Times · Jun 25

Vessel hit by 'unknown projectile' in Hormuz Strait: Maritime agency

The UK Maritime Trade Operations (UKMTO) security agency reported that the incident occurred 7.5 nautical miles (14 kilometres) southeast of Dahit, in Oman's Musandam exclave.

The Economic Times · Jun 25

Iran rejects UN-backed plan to free ships trapped in strait of Hormuz

Blocking of proposal backed by Oman signals new threat to free passage through strait vital to world economy

The Guardian - UK · Jun 25

Strait of Hormuz traffic sees sharp uptick but not back to normal

Strait of Hormuz traffic has increased sharply, but remains at roughly half its peacetime level, officials said on Thursday as stranded sailors made their way out of the waterway. Tehran warned on Thursday against any crossings of the Strait of Hormuz without its authorisation, saying vessels not complying "will be…

The Economic Times · Jun 25

Crude shipments through Hormuz at highest since war amid concerns over Iran exit demands

Crude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began. While demand, particularly in Asia, is driving this increase, overall traffic remains a fraction of pre-war levels. Concerns persist about the waterway's long-term stability, even as a UN evacuation…

The Economic Times · Jun 25

Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&P

S&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply normalisation. While a US-Iran MoU is constructive, unresolved issues persist. Delays in pre-conflict flows could keep energy and input costs elevated, impacting sectors like petrochemicals and agriculture, with South…

The Economic Times · Jun 25

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shock

The Guardian - UK · Jun 25