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The Latest Breaking News from Strait

US military helping move 7 million barrels of oil per day out of Persian Gulf, Wright says

Amidst geopolitical tensions, the US military's efforts are securing the departure of seven million barrels of oil each day from the Persian Gulf, dramatically outperforming market anticipations. Currently, no Iranian oil is making its way through the Strait of Hormuz.

The Economic Times

Why market rallied today? Sensex zooms 1,700 points, Nifty closes above 23,600. 4 key factors behind Rs 10 lakh crore gains

Sensex and Nifty surged 2% each, adding Rs 10 lakh crore in market cap, as easing oil prices and US-Iran peace hopes boosted sentiment. Broad-based gains, a stronger rupee and global market rally supported the upmove, while analysts remain cautious on geopolitical risks.

The Economic Times

Inflation just hit 4.2 percent — the highest in 3 years. Donald Trump responds with a secret claim about removing millions of barrels of Iranian oil

The President said the US is in control of the Strait of Hormuz.

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Why crude oil markets suddenly reversed course today: US oil prices collapse below $87 after Trump cancels Iran strike plans, WTI crude drops 3%

US oil prices collapsed below $87 as WTI crude dropped nearly 3% after President Trump canceled planned Iran strikes. The move reversed a war-driven rally as diplomatic back-channel talks between Washington and Tehran signalled possible de-escalation. Iran's Strait of Hormuz closure and record-low OPEC output kept supply fears alive. But…

The Economic Times

World markets walk a tightrope between AI stocks and oil shocks

Global markets are on a knife edge, facing a potential AI boom or oil shocks from the U.S.-Iran conflict. Investors are navigating volatile conditions, with correlations between tech, interest rates, and oil creating uncertainty. The outlook hinges on the Strait of Hormuz reopening, with stagflation risks looming if oil prices…

The Economic Times

Hegseth says the US controls the Strait of Hormuz, while also warning of bomb strikes on Iran’s 'key facilities'

America is taking a firm stand in the Strait of Hormuz, demonstrating significant influence over this crucial maritime corridor. While Iranian resistance persists, commercial shipping flows uninterrupted, showcasing the effectiveness of US military operations that have successfully countered Iranian attempts to disrupt trade.

The Economic Times

US announces secret Hormuz mission; Trump claims 100 million barrels of oil moved through Hormuz

US President Donald Trump said on Wednesday that the United States had successfully helped move more than 100 million barrels of oil through the Strait of Hormuz as part of a previously undisclosed military operation, while simultaneously warning that Iran would face a severe US attack if ongoing efforts to…

The Times of India

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Trump details ‘secret mission’ in Strait of Hormuz and declares ‘it’s over for Iran’

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The Independent UK

Trump says US military ops ensure safe passage of 100 million barrels of oil through Hormuz

President Donald Trump revealed a secret US military mission. This operation supported oil tankers and commercial ships. Over 100 million barrels of oil passed through the Strait of Hormuz. More than 200 ships traveled safely. Trump stated the United States controls the Strait of Hormuz, not Iran. He declared Iran's…

The Economic Times

'We Prefer Diplomacy But Speak Other Languages Too': Araghchi Says After Iran Downs US Apache

Iranian Foreign Minister warns US forces after an Apache helicopter is downed near the Strait of Hormuz, escalating tensions and challenging the fragile ceasefire in the region.

International Business Times UK

Iran-US war latest: Israel launches retaliatory strikes on Iran’s military targets after missile attack

Explosions were reported in several cities, including Tehran and Isfahan

The Independent UK

The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides 'naval overwatch'

"The attack drones posed an immediate threat to regional maritime traffic," U.S. Central Command said.

Fortune

Sen. Chris Murphy Torches Trump's Iran Deal, Calls Conflict the 'Most Incompetent War in Modern US History'

US Senator Chris Murphy criticises President Trump's draft deal to end the Iranian conflict, questioning its effectiveness and impact on America's global standing. Discover the implications for the Strait of Hormuz and the international response.

International Business Times UK

Russia's oil major says US companies benefit from the closure of the Strait of Hormuz

Rosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the United States is altering global energy markets to serve its own interests. Sechin also noted that the OPEC+ group has weakened due to member withdrawals. He warned…

The Economic Times

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Bangkok Post

Renewables key to Asia prosperity

As the war in the Strait of Hormuz continues to create havoc, Asia remains the worst hit by the global energy crisis. Whether it's a large economy like Japan or China, or a struggling economy like Sri Lanka or Pakistan, the same fate holds. Even nations that produce oil, like…

The Economic Times

Iran war, Strait of Hormuz reopening: Donald Trump is warned for tactics against Tehran by allies, critics. Here is why

Iran war: A series of strikes by the U.S. and Iran this week has raised fresh concern the ceasefire could collapse. Donald Trump on Wednesday downplayed the significance.

The Economic Times

The Iran war is pushing the global gas trade into the shadows

As the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by adopting tactics more commonly associated with the oil industry's “shadow fleet.” LNG carriers are increasingly switching off transponders, travelling in pairs, and making “dark transits” through the…

The Economic Times

India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

India's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ensures a reliable energy and trade gateway for India, even amidst regional conflicts. This agreement is an investment in India's long-term energy and economic security.

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International Business Times

US Warns Of Sanctions Risk If Deals On Strait Of Hormuz Passage Are Struck

The Strait of Hormuz is a key waterway that connects the Persian Gulf to the rest of the world though which a fifth of the world's energy transit was routed. After the US-Israeli strikes began on February 28, the passage of vessels through the Strait has been hit, severely disrupting…

The Economic Times

‘Tehran said goodbye to “must” 47 years ago’: Iran rejects Trump’s claims of imminent deal

Iran stated no final ceasefire understanding has been reached, rejecting external pressure and asserting self-determination. This follows US President Trump's claim of lifting a naval blockade in the Strait of Hormuz. Iran described US maritime measures as illegal and inconsistent with the ceasefire, emphasizing that actions, not words, will determine…

The Times of India

'Meeting now to make final determination': Trump on US-Iran draft truce deal; lists conditions for Tehran

US President Donald Trump on Friday said a potential deal with Iran was now at the stage of a "final determination", while laying out a detailed list of conditions for Tehran and signalling that restrictions in the Strait of Hormuz could soon be lifted.

The Times of India

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 Independent UK

Trump ‘not satisfied’ with Strait of Hormuz proposal in Iran peace deal

IN FULL

International Business Times UK

Is Trump Starting Another War? POTUS Warns Oman to 'Behave' Or 'We'll Have to Blow Them Up'

Donald Trump sparked backlash after warning Oman to 'behave' amid Iran Strait of Hormuz talks, prompting critics to question whether he is escalating toward conflict.

AAP

US and Iran trade strikes as Trump denies Hormuz deal

US forces have carried out new defensive strikes on an Iranian military facility after downing several attack drones, according to American officials.

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