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The Latest Breaking News from Strait of Hormuz

Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns

Oil prices surged Thursday amid persistent supply worries stemming from the Iran war's uncertain conclusion and a significant U.S. inventory draw. Concerns are mounting over dwindling global stockpiles as the Strait of Hormuz remains largely inaccessible, impacting crucial energy shipments. Analysts suggest a breakthrough in talks is unlikely if concessions…

The Economic Times

UAE Says Its Pipeline To Bypass The Strait Of Hormuz Is Almost Halfway Done

The UAE said the pipeline it's building to bypass the Strait of Hormuz is almost halfway complete after accelerating construction while the key waterway remains closed as a result of the war in Iran.

International Business Times

Months after snubbing Trump’s ‘Operation Epic Fury’, Nato weighs Hormuz mission to protect ships

NATO is considering deploying forces to protect shipping in the Strait of Hormuz if the blockade persists into July, a move that would significantly alter the alliance's stance on the US-Israeli conflict with Iran. Growing economic pressure from soaring energy prices is driving this reconsideration, with leaders set to discuss…

The Times of India

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Iran wants to charge big tech for using Strait of Hormuz undersea cables. What to know

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The Independent UK

Ryanair Locked In Fuel at Half the Spot Price Yet Still Warns Passengers to Expect Higher Fares

Despite airline industry struggles, Ryanair remains confident about Europe's fuel supply but warns fares could rise if the Strait of Hormuz stays closed.

International Business Times UK

Why Iran wants to charge world’s largest tech companies for using Strait of Hormuz undersea cables

Iran’s veiled threat to disrupt subsea cable is a bid to gain leverage against future attacks

The Independent UK

Why is Iran using Bitcoin (BTC) for the 'Hormuz Safe' shipping insurance system in the Strait of Hormuz amid US-Iran tensions?

Bitcoin (BTC USD) shipping insurance Iran explained: Iran is reportedly launching a bitcoin-backed maritime insurance service, "Hormuz Safe," for vessels transiting the Strait of Hormuz. This initiative, amid heightened US-Iran tensions and restricted shipping, aims to provide cryptographically verifiable policies settled in Bitcoin, potentially generating significant revenue.

The Economic Times

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Iran Tightens Grip on Strait of Hormuz With New Maritime Authority as Donald Trump Warns the Clock Is Ticking

Middle East tensions are rising as Trump renewed threats toward Iran while Tehran tightened control over the Strait of Hormuz amid uncertain peace talks.

International Business Times UK

Iran sets up Hormuz transit authority to charge ships for passage

Tehran has launched a formal body to manage and charge ships for transit through the Strait of Hormuz in a highly-contested move as tankers pile up in the waterway and peace talks remain deadlocked.

Euronews

Global Market Today: Asian shares slip, oil prices pile pressure on bonds

Asian markets declined Monday. Drone attacks in the Gulf boosted oil prices and bond yields. Investors anticipate Nvidia's earnings report this week, which could impact the AI boom. G7 finance ministers are meeting to discuss the Strait of Hormuz and raw material supplies. High energy costs are driving inflation concerns…

The Economic Times

Marshall Islands-flagged LPG tanker Symi arrives at Kandla Port after crossing Strait of Hormuz

The arrival of the LPG shipment comes amid heightened international attention on maritime traffic through the Strait of Hormuz, a critical global energy transit route connecting the Persian Gulf with international shipping lanes.

The Economic Times

Suezmax tanker with Iraqi crude reaches India after Hormuz transit

An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from…

The Economic Times

Iran plans new Hormuz transit mechanism, says only cooperating nations will benefit

Iran is introducing a new system for the Strait of Hormuz. Commercial ships and nations cooperating with Tehran will receive priority passage. Specialized services will incur fees. This move comes amid rising Gulf tensions and concerns over global energy supplies. Several oil and gas carriers are already transiting the vital…

The Economic Times

UAE Plans to Bypass the Strait of Hormuz to Export Oil Via the Gulf of Oman with an Ingenious Unexpected Plan

The UAE is expediting its oil pipeline expansion to bypass the Strait of Hormuz, enhancing export capacity and energy security amid regional tensions threatening global energy corridors.

International Business Times UK

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The Economic Times

Oil prices climb more than 3% on fears of new US-Iran combat

Oil prices surged over 3% as U.S. President Trump and Iran's foreign minister exchanged confrontational remarks, diminishing hopes for a deal to end ship attacks around the Strait of Hormuz. Despite a shaky ceasefire, the strait's potential reopening is uncertain, impacting global oil supplies and pushing prices higher.

The Times of India

Operation Epic Fury to resume? Donald Trump weighs fresh Iran strikes after China visit: Report

As US President Trump returns from China, pressure mounts over Iran. Top aides are reportedly preparing options for renewed military action against Tehran if diplomacy falters, including intensified bombing and potential Special Operations deployments. Iran, meanwhile, signals readiness for conflict, while the Strait of Hormuz remains a critical concern for…

The Times of India

Friendly nations can rely on safe commerce, says Araghchi after meeting EAM; welcomes any positive role by India for peace

External affairs minister S Jaishankar and his Iranian counterpart Seyed Abbas Araghchi discussed the West Asia conflict and its implications, including the Strait of Hormuz situation, in their first bilateral meeting since the US-Israel and Iran war started in February.

The Economic Times

Hormuz not blocked by Iran, 'unprovoked aggression' by US, Israel led to it: Russian FM Lavrov

Russia's Foreign Minister Sergey Lavrov pointed to US and Israeli actions as the cause of the Gulf crisis. He stated Iran did not block the Strait of Hormuz. Lavrov proposed regional security talks involving Iran and Arab nations. He suggested India could mediate between Iran and the US for long-term…

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The Economic Times

Why is Gold price crashing today? Check latest gold rate

Gold price prediction: Gold rate is undergoing volatile phase as Strait of Hormuz is closed due to US-Iran conflict.

Euronews

Iran eyes fees on Hormuz internet cables as new lever against the West

IRGC-linked media have called on Tehran to impose fees on submarine cables through the Strait of Hormuz and monitor global data traffic, citing claimed sovereignty over the waterway.

Euronews

Trump and Xi wrap up summit claiming progress in stabilising ties but differences remain

The two leaders met on Friday at final talks of the superpower summit, which the US president said "settled a lot of different problems". Xi described Trump's visit as a "milestone visit".

The Economic Times

Oil rises as fears of ship attacks and seizures persist

Oil prices saw an increase on Friday. Market worries persist regarding ship attacks and seizures. Iran stated many vessels passed through the Strait of Hormuz. U.S. and Chinese presidents continued their discussions in Beijing. A ship was reportedly seized off the United Arab Emirates. The U.S. and China agreed on…

The Economic Times

West Asia War: Ship reported seized off UAE as Trump discusses Iran with Xi

A ship was seized by Iranian personnel near the UAE. US President Trump and Chinese President Xi Jinping agreed on keeping the Strait of Hormuz open. An Indian cargo vessel was sunk off Oman. Iran is making deals for ships to pass through the strait. Iran's Judiciary Spokesperson stated seizures…

The Economic Times

Xi tells Trump that mishandling of Taiwan could spark conflict

Chinese President Xi Jinping met with US President Donald Trump for trade talks. Xi Jinping stated that trade negotiations were progressing positively. However, he issued a strong warning regarding Taiwan, emphasizing that disagreements over the island could lead to a dangerous path and potential conflict between the two nations. The…

The Independent UK

Ship on fire in Strait of Hormuz just hours after another boat seized and ‘sailed towards Iran’

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