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The Latest Breaking News from Hormuz

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 Economic Times

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.

The Times of India

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

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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 Economic Times

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

The Independent UK

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.

Bangkok Post

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…

The Economic Times

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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.

Euronews

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

The Independent UK

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

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

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The Mary Sue

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 Conversation

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 Guardian - UK

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’

Radio France Internationale

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.

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The Economic Times

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…

PC Gamer

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.

France 24

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…

The Economic Times

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

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…

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