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The Latest Breaking News from Strait of Hormuz

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

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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

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.

International Business Times UK

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

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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

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

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

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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…

The Economic 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.

Evening Standard

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

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The Independent UK

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

IN FULL

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

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…

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