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The Latest Breaking News from Hormuz

Oil Price Today (May 18): Crude oil above $110 again as Iran war tensions deepen. Where is liquid gold headed?

Oil prices climbed on Monday. Hopes for peace with Iran dimmed after an attack on a UAE nuclear plant. President Trump is reviewing military actions. Drone attacks on the UAE and Saudi Arabia increased fears of wider conflict. The Strait of Hormuz remains a key concern for global oil and…

The Economic Times

Iran’s next move after blocking Hormuz? Tehran is now eyeing the Gulf’s hidden arteries

Iran’s widening war with the US and much of the Middle East appears to be entering a new phase. After using the Strait of Hormuz as leverage during months of military escalation, Tehran is now signalling that it could target another critical global chokepoint: the vast network of subsea internet…

The Times of India

Marshall Islands-flagged LPG tanker Symi arrives at Kandla Port after crossing Strait of Hormuz

The arrival of the LPG shipment comes amid heightened international attention on maritime traffic through the Strait of Hormuz, a critical global energy transit route connecting the Persian Gulf with international shipping lanes.

The Economic Times

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Suezmax tanker with Iraqi crude reaches India after Hormuz transit

An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from…

The Economic Times

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

President Donald Trump claims China's Xi Jinping agreed Iran must reopen the Strait of Hormuz. Iran effectively shut the vital waterway after U.S. and Israeli attacks. This has caused a major oil supply crisis and pushed up prices. Tehran insists it will not unblock the strait until the U.S. ends…

The Economic Times

Iran plans new Hormuz transit mechanism, says only cooperating nations will benefit

Iran is introducing a new system for the Strait of Hormuz. Commercial ships and nations cooperating with Tehran will receive priority passage. Specialized services will incur fees. This move comes amid rising Gulf tensions and concerns over global energy supplies. Several oil and gas carriers are already transiting the vital…

The Economic Times

Trump says US-Iran ceasefire agreed 'as a favour to Pakistan'

US President Donald Trump revealed the Iran ceasefire was a favor to Pakistan, acting as mediator. He indicated international pressure also played a role. Trump dismissed needing favors from China's President Xi Jinping regarding the Strait of Hormuz. The US may conduct further action after the truce. Pakistan's mediation role…

The Economic Times

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UAE Plans to Bypass the Strait of Hormuz to Export Oil Via the Gulf of Oman with an Ingenious Unexpected Plan

The UAE is expediting its oil pipeline expansion to bypass the Strait of Hormuz, enhancing export capacity and energy security amid regional tensions threatening global energy corridors.

International Business Times UK

Crude oil surges 8% in a week to near $110 as Iran war tensions simmer again. Where are prices headed?

Oil prices surged this week as U.S. President Trump and Iran's foreign minister exchanged remarks, dampening hopes for a near-term agreement on ship attacks around the Strait of Hormuz. Brent crude futures rose 7.84% and WTI gained 10.48% amid uncertainty over the fragile ceasefire and the potential for prolonged disruptions…

The Economic Times

Friendly nations can rely on safe commerce, says Araghchi after meeting EAM; welcomes any positive role by India for peace

External affairs minister S Jaishankar and his Iranian counterpart Seyed Abbas Araghchi discussed the West Asia conflict and its implications, including the Strait of Hormuz situation, in their first bilateral meeting since the US-Israel and Iran war started in February.

The Times of India

Trump Says U.S. 'Controls' Strait of Hormuz as Iran Says Negotiations Deadlocked Because It 'Cannot Trust' Americans

At a BRICS meeting in New Delhi, Iranian Foreign Minister Abbas Araghchi said Tehran "cannot trust the Americans at all," and said that the United States was sending conflicting messages.

International Business Times

Oman caught between US and Iran after Tehran’s claims of joint strait of Hormuz plan

Muscat silent about plans – opposed by US – to charge fee and demand details on nationality of all transiting ships

The Guardian - UK

Iran FM Seyyed Abbas Araghchi assures EAM S Jaishankar of commerce safety through St of Hormuz

In a significant diplomatic encounter, Iran's Foreign Minister Seyyed Abbas Araghchi engaged with India's External Affairs Minister S Jaishankar. During their meeting, Araghchi emphasized Iran's commitment to ensuring safety in trade, assuring Jaishankar that Iran remains a steadfast ally in securing the critical Strait of Hormuz.

The Economic Times

Panama Canal Emerges as Key Trade Lifeline Amid U.S.-Iran War

The increase in traffic and revenue generated through the auctions suggests revenue growth for the Panama Canal could reach between 10% and 15%, officials say.

International Business Times

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Latin Times

As U.S.-Iran War Continues, Strait of Hormuz Closure Drives Surge in Panama Canal Traffic

The increase in traffic and revenue generated through the auctions suggests revenue growth for the Panama Canal could reach between 10% and 15%, officials say.

The Guardian - US

Trump leaves China without breakthroughs on Iran, Taiwan or AI

US president hails ‘fantastic’ deals, but details remain scarce after pageantry and little progress at much-hyped summit with Xi

Latin Times

Ilhan Omar Says Trump's Cognitive Decline Has Been Visible "For a Very Long Time"

Rep. Ilhan Omar said President Donald Trump's apparent cognitive decline has been visible "for a very long time," sharpening one of her most personal criticisms of the president just as he headed into a high-stakes trip to China dominated by the Iran war, the Strait of Hormuz and fears of…

The Economic Times

A tiny oil lifeline reopens through tense Hormuz after months of chokehold

More oil tankers are navigating the Strait of Hormuz. This offers some relief to the global oil market. Several ships carrying crude oil have exited the waterway recently. Some vessels are traveling with their satellite signals off. This makes tracking difficult. Iran has allowed Chinese ships to pass. Other oil…

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The Guardian - UK

Iran says ships entering strait of Hormuz must cooperate after vessel seized

Docked ship reportedly seized outside UAE port by “unauthorised personnel”

Euronews

Ship seized near UAE coast headed for Iranian waters, UK maritime agency says

A ship has been taken near the UAE coast and is headed for Iranian waters, the UK's UKMTO said, in the latest vessel seizure around the Strait of Hormuz.

The Economic Times

Two India-bound LPG tankers transit through Strait of Hormuz amid US-Iran war

Two ships carrying cooking fuel have successfully passed through the Strait of Hormuz. These vessels are heading towards India. This marks an increase in such passages recently. Several other large ships carrying oil, fuel, and gas have also navigated the strait. Some vessels are still near a US blockade line.…

The Guardian - UK

‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh

Impact of disruption from Iran war may be felt into 2027 even if strait of Hormuz reopens, says aviation body boss

The Economic Times

Trump says no need for China's help on Iran as shippers seek passage through Hormuz

President Donald Trump states no help is needed from China to end the Iran war. He believes the US will win the conflict. Iran is firming its control over the Strait of Hormuz. US and Iran demands to end the war remain far apart. A Chinese supertanker is attempting to…

The Times of India

'Overplayed its hand before': Iran bets Trump will blink first - will the gamble work?

Iran is betting it can outlast President Trump's term in high-stakes negotiations, employing brinkmanship and economic pain tolerance. Analysts warn this strategy, centered on weaponizing the Strait of Hormuz, risks escalating into renewed war if Iran overplays its hand.

Euronews

Qatar warns Iran against weaponising Hormuz to 'blackmail' Gulf countries

Qatar warned Tehran on Tuesday against using the Strait of Hormuz as a "weapon" to hold Gulf states to ransom, as Doha and Ankara backed ongoing mediation efforts to end the Iran war and restore access to the vital waterway.

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