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The Latest Breaking News from Strait of Hormuz

Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil market reacts to US-Iran peace deal hopes

Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil prices dropped nearly 7% after reports suggested the United States and Iran were moving closer to a deal linked to the Strait of Hormuz. Brent crude and…

The Economic Times

Oil Prices Plunge 5% As Donald Trump Teases Historic 'Constructive' Iran Peace Deal

Oil prices fell by 5% following Donald Trump's remarks on constructive talks with Iran over the Strait of Hormuz, despite no concrete deal being reached yet.

International Business Times UK

Iran says it is charging fees for 'navigational services' through Strait of Hormuz

Iran effectively shuttered the crucial waterway in the early days of the war and in mid-April the US responded by imposing its own blockade on Iranian ports.

Euronews

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Strait of Hormuz to reopen after Muslim Eid holiday ends? Check big updates on U.S.-Iran peace deal

Iran-U.S. proposed framework would unfold in three stages: formally ending the war, resolving the crisis in the Strait of Hormuz and launching a 30-day ‌window for negotiations on a broader agreement, which can be extended, as per Reuters report.

The Economic Times

‘End of 50 years of insecurity’: Iran claims legal authority to manage Hormuz Strait

Iran's leadership asserts its "legal right" to manage the strategically vital Strait of Hormuz, claiming it will secure national interests and end regional instability. An adviser to the Supreme Leader stated this control would ensure national security and mark the end of 50 years of insecurity in the Gulf, amid…

The Economic Times

Netanyahu told Trump Israel will remain free to act against threats, Israeli source says

Israeli Prime Minister Benjamin Netanyahu informed U.S. President Donald Trump that Israel will retain freedom to act against threats in Lebanon during a call concerning a potential U.S.-Iran agreement. Trump indicated a memorandum of understanding is largely negotiated, aiming to reopen the Strait of Hormuz. Israel emphasized its right to…

The Economic Times

All we know about the latest draft US-Iran peace deal that could reopen the Strait of Hormuz

US secretary of state Marco Rubio said ‘significant progress’ made on draft peace deal with Iran on Sunday

The Independent UK

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LNG tanker exits Hormuz for India for first time since war began

The exit of an LNG tanker from the Strait of Hormuz marks a pivotal moment for India, signaling its first shipment from the Persian Gulf in light of the ongoing Iran conflict.

The Economic Times

Inside the US-Iran deal Trump is close to signing

The US and Iran are close to signing a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to freely export oil, and begin negotiations on curbing Tehran’s nuclear programme, according to an Axios report citing a US official.

The Economic Times

U.S.-Iran Agreement Imminent — Strait of Hormuz Expected to Reopen, Oil Prices Set to Fall

The announcement, made via a post on Truth Social, came after a wide-ranging phone call with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Türkiye, Egypt, Jordan, and Bahrain — a coalition of regional powers that have played a central role in mediating the 84-day conflict. Trump also…

Latin Times

What if the Strait of Hormuz didn’t reopen?

The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about global energy supplies and economic stability. While diplomatic efforts are underway, the possibility of a lengthy shutdown necessitates careful planning. Nations are exploring alternative routes and stockpiling resources.

The Economic Times

Pakistan army chief in Tehran as Iran weighs US peace offer

Pakistan's army chief arrived in Tehran for mediation efforts to end the Middle East war, as Iran considers a peace proposal amid reports of potential new US strikes. Diplomacy continues to secure the Strait of Hormuz, a crucial oil transit route, while fighting persists on the Lebanon front.

The Economic Times

Rubio urges Strait of Hormuz plan B as UK mission for ‘when no one shooting’

America’s top diplomat stresses the need for an alternative if Iran refuses to give up control of the channel and enforces tolls

Evening Standard

Trump backs down on Strait of Hormuz threat – raising hopes of Iran peace deal

IN FULL

The Independent UK

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The Independent UK

Iran-US war latest: Trump administration reportedly preparing for fresh round of military strikes

Tehran says the gap in position with Washington has narrowed - but the Strait of Hormuz remains a sticking point

The Economic Times

Oil Price Today (May 22): Crude oil snaps 3-day fall amid mixed signals on Iran war peace talks. What are experts saying?

Oil prices saw an increase on Friday. Investors are watching Iran peace talks closely. Conflicting reports are creating uncertainty. Concerns about oil supply persist. The Strait of Hormuz remains a critical point. Disruptions could impact global markets. Developing economies may face significant challenges. The situation remains dynamic.

The Times of India

Trump claims 'total control' over Strait of Hormuz, vows to recover Iran’s enriched uranium stockpile

President Trump declared the US has "total control" of the Strait of Hormuz via a naval blockade, vowing to secure Iran's highly enriched uranium stockpile. He warned Tehran against pursuing nuclear weapons, stating the US will prevent them from acquiring the material. Despite the blockade, Trump affirmed the US desires…

MarketBeat

Navios Maritime Partners Q1 Earnings Call Highlights

Navios Maritime Partners (NYSE:NMM) reported higher first-quarter 2026 earnings and revenue, while management emphasized fleet renewal, a growing contracted revenue backlog and the potential market impact of disruptions around the Strait of Hormuz. Chairwoman and Chief Executive Officer Angeliki Fr

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The Economic Times

India wants return of stranded ships before sending more to Gulf

India's priority is to bring back its ships stuck near the Strait of Hormuz. Only after these vessels are safe will India consider sending ships to load fuel. This move comes as the conflict has disrupted vital energy supplies. India relies heavily on the Strait for crude oil and cooking…

The Economic Times

India to prioritise releasing stranded vessels in Hormuz, may resume tanker loading when conditions improve, says official

India is ensuring the safe passage of its ships near the Strait of Hormuz. Tensions in the region are impacting global shipping. Authorities are coordinating for cargo loading operations. Indian tankers will resume operations only when the security situation is deemed safe for commercial movement. This focus ensures the well-being…

The Economic Times

Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns

Oil prices surged Thursday amid persistent supply worries stemming from the Iran war's uncertain conclusion and a significant U.S. inventory draw. Concerns are mounting over dwindling global stockpiles as the Strait of Hormuz remains largely inaccessible, impacting crucial energy shipments. Analysts suggest a breakthrough in talks is unlikely if concessions…

International Business Times

UAE Says Its Pipeline To Bypass The Strait Of Hormuz Is Almost Halfway Done

The UAE said the pipeline it's building to bypass the Strait of Hormuz is almost halfway complete after accelerating construction while the key waterway remains closed as a result of the war in Iran.

The Times of India

Months after snubbing Trump’s ‘Operation Epic Fury’, Nato weighs Hormuz mission to protect ships

NATO is considering deploying forces to protect shipping in the Strait of Hormuz if the blockade persists into July, a move that would significantly alter the alliance's stance on the US-Israeli conflict with Iran. Growing economic pressure from soaring energy prices is driving this reconsideration, with leaders set to discuss…

The Independent UK

Iran wants to charge big tech for using Strait of Hormuz undersea cables. What to know

IN FULL

International Business Times UK

Ryanair Locked In Fuel at Half the Spot Price Yet Still Warns Passengers to Expect Higher Fares

Despite airline industry struggles, Ryanair remains confident about Europe's fuel supply but warns fares could rise if the Strait of Hormuz stays closed.

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