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The Latest Breaking News from Strait of Hormuz

Bombs, bargains and sanctions: A timeline of Iran's nuclear programme and its decades-long showdown with US

A preliminary deal between the US and Iran aims to end their war and reopen the Strait of Hormuz, easing global energy supply fears. While a memorandum of understanding is expected, Iran's nuclear program remains a key point for future negotiations. This breakthrough follows decades of disputes and recent direct…

The Times of India

Cost of Iran oil crisis to UK drivers reaches £4bn

Iran’s restrictions on tankers passing through the Strait of Hormuz led to oil prices hitting their highest level since 2022.

Evening Standard

French-UK mission 'ready' to aid Hormuz reopening, says Macron

France's president on Monday said that a military mission set up by Paris and Britain to help with Strait of Hormuz traffic was ready to deploy, following the announcement of an US-Iran deal to end the war in the Middle East, including in Lebanon. Israel insists it is not bound…

Radio France Internationale

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Oil prices drop as Trump heralds US-Iran peace deal

Benchmark Brent crude fell more then 4% to just over 83 US dollars a barrel at one stage on hopes of a reopening of the Strait of Hormuz.

Evening Standard

Hormuz halt forces Middle East trade into huge rewiring

A year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of Hormuz closures. Recent conflict forced these plans into action, disrupting global supply chains and prompting companies like Spinneys and DP World to utilize extensive road networks across the…

The Economic Times

Indian LNG tanker crosses Strait of Hormuz as US-Iran deal lifts reopening hopes

An LNG tanker has successfully navigated the Strait of Hormuz. This marks a significant step following a peace agreement between the United States and Iran. The waterway's reopening is crucial for global energy supplies. India, a major importer, anticipates relief. Traders and shipowners are closely monitoring the situation for a…

The Economic Times

Nukes, crude sanctions & frozen assets: Inside the 14-point US-Iran peace agreement

A draft agreement between Iran and the United States has reportedly surfaced. This framework could unlock 24 billion dollars in frozen Iranian assets. Sanctions on Iran's energy sector may be eased. The Strait of Hormuz could reopen. Broader negotiations are expected to follow this initial understanding.

The Economic Times

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World stocks surge, oil slides on US-Iran deal

World share markets have rallied hard as a framework peace deal between the United States and Iran promises to ease inflationary pressures globally.

AAP

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement, brokered by Pakistan, includes ending a U.S. naval blockade and aims to restore oil flows, unwinding geopolitical risk premiums. Further negotiations on…

The Economic Times

Starmer says Strait of Hormuz must stay open after Iran-US peace deal announced

Shehbaz Sharif, the prime minister of Pakistan, which has been mediating in the conflict, said the accord covered Lebanon.

Evening Standard

Trump says Strait of Hormuz to reopen as US and Iran agree peace deal

Britain and France have expressed interest in assisting with demining the Strait of Hormuz once the conflict is paused.

Evening Standard

Nirmala Sitharaman flags global risks, says PM Modi Govt ensuring supply stability amid crude, Hormuz pressures

Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, but Prime Minister Modi's government is ensuring there is "not a supply disruption" for households and the economy. She made the remarks at the Viksit Bharat event in Karnataka on…

The Economic Times

Iran says draft US deal includes oil sanctions waiver, nuclear limits, asset release

DUBAI - A senior Iranian official told Reuters a final draft of the memorandum of understanding with the US covered a range ‌of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and US waivers on oil sanctions, with a final deal to be discussed in the 60…

Bangkok Post

Pakistan's prime minister says US and Iran have reached ceasefire deal

This liveblog is no longer being updated.

France 24

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The Economic Times

Protest erupts in Iran against Araghchi over prospective US peace deal

Protests have erupted in Iran following discussions of a peace deal with the United States. Demonstrators in Mashhad and Tehran are voicing strong opposition to top diplomat Abbas Araghchi and Parliament Speaker Mohammad Bagher Ghalibaf. Hardline figures argue the proposed agreement compromises Iran's interests and its leverage over the Strait…

The Economic Times

Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

The Economic Times

Iran-U. S war, Strait of Hormuz reopen deal between Tehran and Washington: Is the conflict finally ending?

Iran’s nuclear program has been a key point of division. The U.S. and Israel fear it could lead to an atomic weapon — a main reason their leaders cited for going to war.

The Times of India

From Lebanon ceasefire to nuclear talks: What are the terms proposed by Iran in 'Islamabad Agreement'

Iran has outlined conditions for a potential US agreement, prioritizing sanctions relief and maritime access over immediate nuclear program discussions. Tehran insists on lifting the US naval blockade and a new arrangement for the Strait of Hormuz, while also seeking to include Lebanon in the deal.

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The Economic Times

US and Iran have agreed to wording of a deal to end their war, Pakistan's Shehbaz Sharif says

Pakistan's prime minister announced the U.S. and Iran have agreed on the wording of a deal to end their Middle East war. Mediators are working to finalize the agreement, which includes provisions for Iran's nuclear program and reopening the Strait of Hormuz. A signing ceremony is anticipated in the coming…

The Economic Times

Iran peace deal looms while new military action flares near Strait of Hormuz

The United States and Iran are reportedly close to an agreement to end their war, with both sides agreeing on a text for an initial deal. The proposed memorandum of understanding includes reopening the Strait of Hormuz and lifting the U.S. naval blockade on Iranian ports. Negotiations over Iran's nuclear…

France 24

🔴 Live : Iran says signing of Islamabad memorandum will not take place on Sunday

This liveblog is no longer being updated.

The Independent UK

White House announces deal with Iran to reopen Strait of Hormuz is close

IN FULL

France 24

US deal covers ending naval blockade, Hormuz will not return to pre-war era, Iran’s FM says

Iranian Foreign Minister Abbas Araghchi on Friday said a draft deal with the US included ending a naval blockade of Iran's ports. Tehran has decided that the administration of the Strait of Hormuz "will not return to the pre-war era", Araghchi added. Read about the day’s events as they unfolded…

The Economic Times

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…

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