The Latest Breaking News from Strait of Hormuz

Trump suggests renaming Strait of Hormuz, Pacific and Atlantic oceans

Donald Trump suggested renaming the Strait of Hormuz and both the Pacific and Atlantic Oceans. He recounted how officials initially dismissed a previous naming proposal for the Gulf of Mexico. After some discussion, they recognized its long-standing name and history. Trump justified his ideas by emphasizing the United States' significant…

The Economic Times · Oct 22

Crude Oil Prices Fall As Oil Continues to Flow Through Strait of Hormuz

December WTI crude oil (CLZ26 ) is down -0.89 (-0.91%), and December RBOB gasoline (RBZ26 ) is down -0.0190 (-0.62%). Crude oil prices are trading lower as oil continues to transit the Strait of Hormuz despite stepped-up attacks by Iran. There are reports that another ship was struck near Oman,...

Barchart · Oct 21

Europe weighs energy-saving measures as Middle East crisis deepens

EU Energy Ministers will consider demand cuts if the Strait of Hormuz remains closed in the months ahead, according to a document seen by Euronews.

Euronews · Oct 21

Crude Oil Prices Fall on Diplomacy Hopes to End Iran War

December WTI crude oil (CLZ26 ) closed down -0.72 (-0.73%) on Tuesday, and December RBOB gasoline (RBZ26 ) closed down -0.606 (-1.95%). Crude oil and gasoline prices erased an early rally on Tuesday and settled sharply lower, with gasoline falling to a 7-week low. Long liquidation pressures emerged on Tuesday...

Barchart · Oct 20

Planned deadlock: 'Iran is dragging talks to influence US midterms'

Tehran analyst Saeed Leylaz said that, by prolonging the talks, "Iran is influencing the US election without taking any unlawful action". Trump has repeatedly said he expects oil prices to drop after the elections, but has not offered a detailed plan to end the war and reopen the Strait of…

The Economic Times · Oct 20

IRGC mines set tankers ablaze as Tehran threatens expanded attacks

Iran’s foreign ministry further warned Washington it would retaliate against any strike, and an IRGC spokesperson threatened to target undersea internet cables in the Gulf in another escalation of the ongoing war of words between Tehran and Washington.

Euronews · Oct 20

Crude Oil Prices Erase an Early Rally on Unconfirmed Iran Peace Talks

November WTI crude oil (CLX26 ) is down -0.61 (-0.59%) today, and November RBOB gasoline (RBX26 ) is down -0.967 (-3.03%). Crude oil and gasoline prices erased an early rally and fell today, with gasoline down to a 7-week low, on an unconfirmed report that Qatar and Pakistan issued a...

Barchart · Oct 20

Sultan of Oman begins state visit to Britain as Gulf state plays pivotal role in Strait of Hormuz

King Charles III will welcome Sultan Haitham bin Tarik of Oman to Windsor Castle at the start of a state visit as Britain seeks to bolster a strategically important ally squeezed by both sides in the U.S. war against Iran

The Independent UK · Oct 20

Macron secures extra fuel for France from UAE and Bahrain during Gulf tour

French President Emmanuel Macron has secured the delivery of an additional 200,000 tonnes of diesel per month from the United Arab Emirates and Bahrain during a tour of the Gulf, the French presidency said on Tuesday.

Radio France Internationale · Oct 20

HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years

HSBC Group CEO Georges Elhedery on Tuesday said the Gulf region would recover from the impact of the Iran war through investments in alternative logistics routes, potentially making the Strait of Hormuz "redundant" within five years. Speaking in Dubai, he reaffirmed the bank's commitment to the GCC region.

The Economic Times · Oct 20