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The Latest Breaking News from Strait of Hormuz

Iran, Oman near Hormuz reopening deal as talks advance

Iran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fees for maritime passage. US officials confirm talks are ongoing but not yet finalized. President Trump stated this is Iran's last chance to avoid escalation. A cargo…

The Economic Times

Bulletin PM briefing: Migrant boat capsizes and Russian drone hunts civilian

What we know as boat carrying 157 migrants capsizes in Channel. Video shows Russian drone hunting Ukrainian market vendor in alleged war crime. Iran warns Trump could start World War III amid Strait of Hormuz tensions. PC Andrew Harper’s widow ‘appalled’ by killers’ early prison release. Prisoners serving indefinite jail…

The Independent UK

US hopeful of Hormuz deal within days as diplomacy with Iran gathers pace

The United States expresses hope for a deal with Iran to reopen the Strait of Hormuz soon. Treasury Secretary Scott Bessent indicated talks could yield an agreement today or tomorrow. This comes as a cargo vessel was struck in the vital waterway, highlighting security concerns. President Donald Trump warned Iran…

The Economic Times

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Qatar says draft US-Iran talks proposal in circulation as mediators push to ease tensions

Qatar is mediating a draft proposal to restart United States and Iran talks. This initiative aims to de-escalate current tensions and prevent further conflict. Oil prices saw a slight decrease following this diplomatic development. Diplomatic efforts focus on restoring shipping through the Strait of Hormuz. Iran maintains its authority over…

The Economic Times

Iran warns Trump could start World War III amid Strait of Hormuz tensions

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The Independent UK

Cargo ship reports being struck in Strait of Hormuz as US, Iran claims about talks diverge

A cargo ship reports it has been hit by a projectile off the coast of Oman in the Strait of Hormuz

The Independent UK

US hopeful Hormuz strait deal with Iran will be done 'very shortly'

⁠US Secretary of State Marco Rubio said Tuesday there has ‌been ⁠progress made in discussions ‌with Iran and Oman ⁠on getting more ships through the Strait ‌of Hormuz but no final ‌agreement has been reached. "There's been progress made in those talks, but not finality yet. We're hoping that will…

France 24

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Ships passing through key Gulf waterways amid uncertain peace talks

SINGAPORE - Shipping ⁠traffic ⁠at the key Gulf waterways of Bab el-Mandeb and Strait of Hormuz held largely unchanged at the ‌start of the week, shipping data showed, as the progress of talks between the United States and Iran remained ambiguous.

Bangkok Post

Oil Price Today (August 4): Crude oil nears $85 as peace talks uncertainty loom after fresh attacks. What are experts saying?

Oil prices saw a slight increase on Tuesday after significant Monday losses. Supply risks in the Middle East resurfaced as diplomatic hopes faded. Shipping activity through the Strait of Hormuz has slowed following reported attacks. Experts predict higher crude prices if disruptions persist for extended periods. Analysts anticipate oil prices…

The Economic Times

US-Iran war: Shipping traffic at key Gulf waterways little changed on uncertain peace talks

Gulf waterway traffic held steady as United States and Iran talks progressed ambiguously. Bab el-Mandeb strait saw unchanged vessel crossings, with most transponders active. Strait of Hormuz traffic slowed slightly, with entries exceeding exits via Iran. Houthi threats prompted Saudi supertankers to divert from the Gulf of Aden.

The Economic Times

Oil ticks up after selloff as talks to end US-Iran war remain uncertain

Oil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tensions. Diplomatic resolution to the conflict appears unlikely at this time. Shipments through the Strait of Hormuz continue to face risks. Market analysts note the fragility of current price…

The Economic Times

Trump Dismisses Iran's Public Oman Talks on Strait of Hormuz, Says Route Already 'Completely Controlled' by US Navy

US President Trump refutes Iran's claims of negotiating a shipping route through the Strait of Hormuz with Oman, asserting US naval control. Tensions rise as regional conflicts expand.

International Business Times UK

The Iran war already has a winner: The world’s largest shipbroker notching record earnings from the 'exceptional volatility' in the Strait of Hormuz

Geopolitical chaos “actually increases the importance of such firms because people are getting a bit more desperate,” one maritime trade expert told Fortune.

Fortune

Crude Oil Prices Tumble as Talks Resume to Reopen Strait of Hormuz

September WTI crude oil (CLU26 ) today is down -4.87 (-5.75%), and September RBOB gasoline (RBU26 ) is down -0.1186 (-3.81%). Crude oil and gasoline prices are sharply lower today, with gasoline falling to a 3-week low. Easing tensions in the Middle East are weighing on crude prices today after...

Barchart

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International Business Times

Iraq Is Struggling To Get Its Oil Through The Hormuz Strait. It's Offering Millions In Discounts To Those Daring To Take It

Iraq's state oil marketer is offering millions in discounts to potential buyers daring to load up its crude and take it through the Strait of Hormuz.

International Business Times UK

Iran Flatly Denies Trump's Claim Talks Start Today, Says It Is Only Negotiating With Oman

Iran denies engaging in direct talks with the US, focusing instead on negotiations with Oman for a temporary shipping route through the Strait of Hormuz, countering Trump's claims of imminent deals.

Benzinga

Trump's Former Counterterrorism Chief Says Trump Can Declare 'Victory' Over Iran, Use Sanctions Relief to Reopen Strait of Hormuz

President Donald Trump‘s former counterterrorism chief, Joe Kent, hailed the announcement that the U.S. would halt strikes on Iran, saying the move could open the door to movement of vessels through the Strait of Hormuz.

The Independent UK

Recession risk if Strait of Hormuz stays closed until next year

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The Economic Times

Trump's closest Gulf allies are frustrated with his Iran war strategy: Report

Gulf nations are frustrated by the lack of a clear US strategy against Iran, fearing further strikes on their energy facilities. While the UAE favours military escalation, Saudi Arabia and Qatar are pushing for diplomatic solutions to secure a ceasefire and reopen the critical Strait of Hormuz, a key oil…

The Economic Times

US Iran war: Explosion reported near tanker off Oman coast, crew safe, UKMTO says

An explosion occurred near a tanker off Oman's coast, with all crew safe. Maritime authorities are investigating this incident and advising vessels to exercise caution. Iran and Oman are nearing completion of talks regarding the Strait of Hormuz management. The United States and Israel have agreed to defer planned military…

The Independent UK

UK economy ‘at risk of recession’ next year if Strait of Hormuz disruption continues

EY’s latest economic outlook also warns that inflation could rise to 6.4% as oil and gas prices soar

The Independent UK

Prolonged Iran war could tip UK into recession next year, report warns

The EY economic outlook cautions that GDP could slow to 0.5% this year and contract by 0.2% next year if the Strait of Hormuz remains shut into 2027.

Bangkok Post

Trump says will hold off on fresh Iran attack in hope of quick deal

CAIRO - US President Donald ‌Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.

The Economic Times

Trump threatens more strikes on Iran as US pushes for Strait of Hormuz reopening

US President Donald Trump has issued a warning of more military responses directed at Iran as regional conflicts intensify. Kuwait has reported drone attacks on essential facilities, with a tanker being struck in the Strait of Hormuz. At the same time, Israeli forces launched powerful strikes on Gaza following disarmament…

Evening Standard

Strait of Hormuz shipping hits ‘crisis-era lows’ as conflict risks spreading

The renewed hostilities in the Middle East lead Donald Trump to issue a foul-mouthed warning to Iran.

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