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The Latest Breaking News from Strait

Pete Hegseth slammed for suggesting Europe should open the Strait of Hormuz, forgets how this mess began: ‘Get in a boat’

Washington's war is now Europe's fight according to the defense secretary.

We Got This Covered

India’s Russian oil imports fall 16.5% in August as Middle East supplies rise

India’s Russian oil imports fell 16.5% month-on-month to about 2.1 million bpd in August, while purchases from Iraq rose sharply and Saudi Arabia increased supplies. The shift comes as Middle Eastern producers use storage and export terminals outside the Strait of Hormuz, while Indian refiners weigh future Russian purchases against…

The Economic Times

The Energy Industry Keeps Taking Hits. Analysts Are Bracing For Higher Costs For Longer.

Damage to Saudi Arabia's East-West pipeline, a key alternative route for transporting crude oil around the Strait, has raised concerns that fuel markets could face prolonged pressure.

International Business Times

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A critical pipeline that helped cushion the Hormuz shock just shut: Here’s what it reveals about corporate energy security

The Strait of Hormuz crisis offers a business playbook for managing energy disruptions and supply-chain risk.

Fortune

Houthi advance boosts Iran’s leverage over the US and Saudi Arabia – but may cost rebel group its legitimacy back in Yemen

It took just a few days for Houthi forces to seize most of Yemen’s Red Sea coast, including the shores of the Bab el-Mandeb Strait, a crucial Red Sea maritime choke point.

The Conversation

Houthi rebels’ control of Red Sea oil chokepoint exposes deep divisions in Brics

Houthi rebel forces have seized the Yemeni port of Mokha as well as Mayyun Island overlooking the Bab el-Mandab strait. This gives Iran’s most powerful remaining proxy force in the Middle East nearly complete control of Yemen’s entire Red Sea coast.

The Conversation

What we know as Oman calls off talks with Iran over Strait of Hormuz

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The Independent UK

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Houthis' Yemen advance leaves Gulf states with uncomfortable choice

The Houthi capture of Yemen's Red Sea coastline is strengthening Iran's leverage over Gulf energy routes, forcing Saudi Arabia and its neighbours to weigh economic costs against engagement with Tehran. The development follows attacks on Saudi oil infrastructure and comes as Gulf states explore a temporary arrangement on Strait of…

The Economic Times

Energy prices could soar even higher, Bank of England boss admits in cost of living warning

Andrew Bailey told MPs that energy prices ‘could be higher still’ as disruption in the Strait of Hormuz continues

The Independent UK

Iran-US war latest: Trump says conflict won’t end until after November midterm elections

Trump says US could strike Pickaxe Mountain after construction activity seen at deeply buried complex

The Independent UK

Tehran Blacklists International Vessels as Parliament Speaker Warns Game Rules Have Changed

Iran warns Trump as Tehran blacklists 56 vessels and threatens a harsher response, while a new Strait of Hormuz crisis sends oil prices towards $100.

International Business Times UK

Iran vows to respond to US strikes, says US energy companies' facilities are 'exposed'

Iran has threatened to retaliate against any new United States attacks on its assets. The nation warned that regional energy production is accessible and exposed to potential strikes. Iranian officials announced plans for a new restricted zone in the Gulf. This zone would impact shipping through the vital Strait of…

The Economic Times

Iran-US war latest: Tehran hikes gasoline prices for heavy users as Strait of Hormuz traffic continues to fall

Iran raises gasoline prices after warning the US of retaliation for any new attacks

The Independent UK

"Strait of Hormuz is effectively blocked": Foreign expert Robinder Sachdev on US-Iran "tit-for-tat" phase

The Strait of Hormuz faces sporadic tit-for-tat strikes between the United States and Iran. American forces struck Iranian targets after Iran targeted US warships and bases. Only a fraction of daily shipping traffic now passes through the vital waterway. The US military destroyed three Iranian oil tankers following missile attacks.…

The Economic Times

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Euronews

Iran claims strike on US navy drone, US says it's 'total lie' as Hormuz clashes rage on

As the US-Iran clashes in Hormuz intensify, Iran claimed it struck an unmanned US navy vessel on Sunday, which the US denied as a "total lie". Iran has ramped up its offensive military response in Hormuz warning against any new US attacks.

The Economic Times

Oil edges down as investors weigh uncertainty over U.S.-Iran strikes

On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by midday Wednesday, initial signs of easing tensions appeared, with shipping data revealing…

International Business Times

The U.S. Has a New Strategy To Target Iranian Oil: 'Tanker For Tanker'

The U.S. military targeted two Iranian tankers on Tuesday as hostilities around the Strait of Hormuz escalate again.

The Economic Times

'Tanker for tanker': Trump's new retaliation policy behind US strikes on Iran

United States forces struck two Iranian government tankers on Tuesday. These strikes were part of a new policy aimed at deterring attacks. Approximately one hundred targets, including military sites, were hit by US drones. Iran's retaliation involved ballistic missiles and drones, which were largely intercepted. Shipping continued through the Strait…

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International Business Times

Bond Yields Rose And U.S.-Iran War Escalated Again. Stocks Fell.

Iran retaliated to U.S. attacks, saying they seek to "tighten the lock" on the Strait of Hormuz.

The Economic Times

Iran warns US strikes will 'tighten the lock' on Strait of Hormuz

The Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hormuz. The US has verified its attacks on IRGC targets in Iran after a string of Iranian assaults on vessels and troops. In retaliation, Iran has initiated a military…

International Business Times

U.S. Strikes Iran Again In The Strait Of Hormuz. Tehran Vows 'Harsh Punishment.'

"Harsh punishment awaits the aggressors. The United States will regret its new attacks," an IRGC spokesman said.

The Economic Times

Trump says US launches ‘large and powerful’ strikes on Iranian targets near Strait of Hormuz

Responding to rising threats in the region, United States forces have executed strikes aimed at Iran's Islamic Revolutionary Guard Corps targets. Central Command reported that the operations commenced on Tuesday afternoon, citing recent aggressive actions against American personnel and commercial shipping. These military actions mark a sharp escalation in the…

The Economic Times

Qatar urges US, Iran to resume talks after flare-up

In light of recent tensions, Qatar has called on both the United States and Iran to re-engage in negotiations. Following US strikes on an Iranian location, Iran responded with attacks on American military assets. Concurrently, Iran's activities are impacting shipping in the critical Strait of Hormuz. The Qatari foreign ministry…

Euronews

US forces strike Iranian rocket launchers in Strait of Hormuz as IRGC warns of 'retaliatory response'

The IRGC confirmed strikes had hit Larak Island and warned that the attack would be "met with a retaliatory response," per Iran's Fars news agency.

The Economic Times

Ecological cost of US-Iran war: Scientists warn ships stranded for months in the Strait of Hormuz could now carry invasive species, posing an ‘immense international biosecurity threat’

Ships stranded for months in the Strait of Hormuz now pose a bioinvasion risk. These vessels may carry dense communities of marine organisms to global ports. Scientists warn of a potential super-spreader event as shipping resumes. Affected ships could introduce non-native species to new marine ecosystems. Early detection and port…

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