The Latest Breaking News from Strait of Hormuz

Iran-US war latest: Trump says Hormuz is a ‘very functioning Strait despite the odd rocket or drone’ in bizarre rant

US president repeats claim that the vital oil waterway is open

The Independent UK · Aug 26

Some Indian refiners, a global energy major plan to avoid Iran-blacklisted ships amid Hormuz risk

Indian refiners and a global energy major will avoid Iran's blacklisted ships. This decision stems from security concerns over vessels crossing the Strait of Hormuz. Iran announced a blacklist of 45 ships for breaking its maritime rules. These actions escalate threats over the vital waterway for global energy supplies. The…

The Economic Times · Aug 26

Asian shares mostly rise as oil prices fall and hope grows for AI

Asian shares are mostly higher as investors keep an eye on the ongoing talks over reopening the Strait of Hormuz, which remains largely shut down because of the war in Iran

The Independent UK · Aug 26

US shifts Iran war strategy from fresh strikes to sanctions as Trump seeks to squeeze Tehran: Report

The United States is implementing economic sanctions alongside a naval blockade aimed at Iran. These new measures specifically target cooperatives interacting with Tehran, striving to disrupt its funding sources. Recent military operations have dispelled maritime threats, reducing Iran's influence over global oil supplies, while oil ships are now navigating the…

The Economic Times · Aug 26

Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz

Oil prices have dropped following the revival of discussions between Iran and Oman regarding the management of the Strait of Hormuz. The losses across both benchmarks highlight the market's reaction to navigation issues. Despite uncertainty gripping the market, some bargain buying has emerged, preventing further price decreases, while the U.S.…

The Economic Times · Aug 26

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran and Oman are discussing managing the Strait of Hormuz traffic. The United States is sending personnel back to Middle East diplomatic missions. U.S. sanctions threaten countries doing business with Iran. Oil prices fell as traders brushed off sanctions impact. Thousands have died in the conflict, with Iran's military capacity…

The Economic Times · Aug 26

Oil Tanker Crippled by Mystery Projectile off Oman in Strait of Hormuz Amid Iran Sanctions War

An oil tanker was disabled in the Strait of Hormuz after being hit by an unknown projectile, escalating tensions between the US and Iran and raising concerns over global energy supply routes.

International Business Times UK · Aug 25

Crude Oil Prices Sharply Lower as Middle East Hostilities Subside

October WTI crude oil (CLV26 ) closed down -2.65 (-3.12%) on Tuesday, and October RBOB gasoline (RBV26 ) closed down -0.0391 (-1.32%). Crude oil and gasoline prices settled sharply lower for a second day on Tuesday, falling to 1-week lows. Crude prices came under pressure on Tuesday after a news...

Barchart · Aug 25

‘This is obviously a very, very lucrative business for them’: Somali pirates are back—the Iran war is keeping the US too busy to stop them

Brett Erickson, a managing principal at Obsidian Risk Advisors, says Somali pirates have a lower risk of American retaliation because of resources in the Middle East.

Fortune · Aug 25

Crude Prices Tumble on Signs of Easing US-Iran Hostilities

October WTI crude oil (CLV26 ) is down -2.55 (-3.00%) today, and October RBOB gasoline (RBV26 ) is down -0.0183 (-0.62%). Crude oil and gasoline prices added to Monday’s sharp losses, falling to 1-week lows today after a news report said the US would be returning diplomats to Middle East...

Barchart · Aug 25