The Latest Breaking News from Iran

Iran faces strait of Hormuz paradox as strategic value of chokehold erodes

Internal calls to end war get louder as Gulf neighbours plan alternative pipelines to cut reliance on waterway

The Guardian - UK · Aug 26

Asian shares mostly rise as oil prices fall and hope grows for AI

Asian shares are mostly higher as investors keep an eye on the ongoing talks over reopening the Strait of Hormuz, which remains largely shut down because of the war in Iran

The Independent UK · Aug 26

Sensex rises over 300 points; Nifty above 24,350 as oil prices slide. What lies ahead?

On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following a resumption of talks with Iran. Both the Sensex and Nifty indices showed positive momentum, with broader market metrics also trending upward, reflecting a hopeful…

The Economic Times · Aug 26

Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?

Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42. Both benchmarks had declined more than 3% on Tuesday.

The Economic Times · Aug 26

'Not open tomorrow': Iran FM Gharibabadi says temporary Oman route isn't Strait of Hormuz reopening

Speaking in a television programme on Tuesday night, Gharibabadi said the understanding reached with Oman should not be interpreted as the reopening of the strait.

The Economic Times · Aug 26

US starts returning staff to Middle East missions after Iran war evacuations: Sources

United States personnel are returning to some Middle East diplomatic missions after tensions eased. Staff will go back to posts in Lebanon, Israel, and Saudi Arabia. Family members can also return to the U.S. post in Riyadh, Saudi Arabia. This move suggests a lower risk of conflict escalation with Iran…

The Economic Times · Aug 26

US shifts Iran war strategy from fresh strikes to sanctions as Trump seeks to squeeze Tehran: Report

The United States is implementing economic sanctions alongside a naval blockade aimed at Iran. These new measures specifically target cooperatives interacting with Tehran, striving to disrupt its funding sources. Recent military operations have dispelled maritime threats, reducing Iran's influence over global oil supplies, while oil ships are now navigating the…

The Economic Times · Aug 26

Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz

Oil prices have dropped following the revival of discussions between Iran and Oman regarding the management of the Strait of Hormuz. The losses across both benchmarks highlight the market's reaction to navigation issues. Despite uncertainty gripping the market, some bargain buying has emerged, preventing further price decreases, while the U.S.…

The Economic Times · Aug 26

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran and Oman are discussing managing the Strait of Hormuz traffic. The United States is sending personnel back to Middle East diplomatic missions. U.S. sanctions threaten countries doing business with Iran. Oil prices fell as traders brushed off sanctions impact. Thousands have died in the conflict, with Iran's military capacity…

The Economic Times · Aug 26

Iraq may show how U.S. can squeeze Iran's trade partners

The United States is pressuring Iraq to curb its financial dealings with Iran. Washington has sanctioned Iraqi banks involved in trade with Tehran. Iraq relies heavily on US goodwill for its oil revenues and finances. Trade between Iraq and Iran exceeds ten billion dollars annually. New US measures could jeopardize…

The Economic Times · Aug 26