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The Latest Breaking News from Strait of Hormuz

'War left regime desperate for cash': US sanctions authority overseeing Strait of Hormuz as Middle East conflict enters 90th day

The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst…

The Times of India

US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz

The Trump administration imposed new sanctions on Iran's newly formed agency controlling shipping through the Strait of Hormuz. This economic pressure campaign aims to force Iran into an agreement to end the war and reopen the vital waterway. The move follows rising energy prices and ongoing diplomatic efforts to resolve…

The Economic Times

From Iran deal ultimatum to Ebola preparedness: Key takeaways from Donald Trump’s cabinet meeting

US President Donald Trump on Wednesday held an expansive Cabinet meeting at the White House, addressing issues ranging from ongoing negotiations with Iran and tensions in the Strait of Hormuz to Ebola preparedness, immigration detention protests and domestic anti-fraud initiatives.

The Times of India

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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.

International Business Times UK

White House calls Iran's draft deal report a 'complete fabrication' as both sides inch toward Hormuz framework

The White House has strongly refuted claims by Iranian state television regarding a draft ceasefire deal with the US. Iranian media had reported on a memorandum of understanding involving US troop withdrawal and lifting naval blockades. In exchange, Iran was said to agree to restore transit through the Strait of…

The Economic Times

South Korean vessel ‘likely hit by Iranian missile’ in Strait of Hormuz

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The Independent UK

Strait of Hormuz closure chokes trade and aid for Afghanistan

Afghanistan's trade routes are severely disrupted. Conflicts in the Middle East and border closures with Pakistan have crippled businesses and aid efforts. Shipping through Iran's Bandar Abbas port is blocked. Humanitarian aid, especially for malnourished children, is running out. Supplies are now rerouted through Central Asia, tripling costs. Businesses face…

The Economic Times

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Iran says US violated ceasefire with strikes near Hormuz

Iran accused the United States on Tuesday of breaching a fragile ceasefire with strikes near the Strait of Hormuz, threatening efforts to end nearly seven weeks of conflict. Washington said the attacks were defensive, targeting missile sites and vessels allegedly laying mines.

France 24

Iran condemns US strikes as show of 'bad faith', warns of consequences

Iran has condemned US strikes as a breach of trust during peace talks. The US military stated the strikes were defensive. Negotiations are ongoing for a deal to end the war. The Strait of Hormuz remains a key point of discussion. The conflict impacts global food supplies. New proposals involve…

The Economic Times

When will US-Iran war end, Strait of Hormuz reopen? Marco Rubio reveals details after White House launches heavy strikes

Iran and the U.S. had indicated progress on a memorandum of understanding that could halt the war and restart shipping through the blockaded Strait of Hormuz.

The Economic Times

Rubio says Iran deal still possible despite US strikes; Hormuz Strait ‘must be open’

US Secretary of State Marco Rubio indicated a deal with Iran is still achievable. Talks are ongoing in Qatar. The US also remains ready to help mediate the Russia-Ukraine conflict. Recent strikes have raised concerns but diplomatic efforts continue. The Strait of Hormuz must remain open for global energy.

The Economic Times

Dollar wobbles as markets cling to hopes for Middle East peace deal

Investor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure on emerging market currencies. Iran's top negotiator is in Doha for talks. U.S. President Donald Trump indicated talks are progressing positively. However, fresh U.S. strikes on…

The Economic Times

What can happen to Iran’s enriched uranium? Trump lays out options for turning it into 'nuclear dust'

US forces conducted 'self-defense' strikes on Iranian missile sites and boats near the Strait of Hormuz, escalating tensions despite ongoing diplomatic talks. President Trump warned Iran on enriched uranium, demanding its surrender or destruction. Iran condemned the strikes as a 'war crime,' accusing the US of targeting civilians. Peace negotiations…

The Times of India

A scorching Asian summer will add to risk of surging gas prices

Global gas markets are on edge as the Strait of Hormuz remains largely closed. Traders are watching China and weather forecasts closely. Hotter summers in Asia, potentially fueled by El Niño, will increase air conditioning use. This could boost demand for liquefied natural gas, especially from China, leading to fiercer…

The Economic Times

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International Business Times UK

Iran Appears to Troll Trump by Waiving Strait of Hormuz Toll, But Warns of Other Fees

Iran will not impose tolls on the Strait of Hormuz but suggests new service-related charges, amid ongoing US negotiations.

The Economic Times

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…

International Business Times UK

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.

Euronews

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.

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The Economic Times

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 Independent UK

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 Economic Times

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.

Latin 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…

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