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The Latest Breaking News from Strait of Hormuz

US at odds with allies over how easy it is to reopen Hormuz

Global leaders are meeting to discuss the Strait of Hormuz. US President Donald Trump expects it to reopen soon. However, European allies are cautious. They need clarity on an interim agreement with Iran before committing to de-mining and patrols. The situation remains complex, with differing timelines and potential challenges ahead…

The Economic Times

Trump has surrendered to Iran, claims conservative influencer as Tehran experts within Republican Party trash war agreement to reopen Strait of Hormuz

U.S. Senator Lindsey Graham, a Trump ally who advocated for the war, said in a Sunday X post he was "somewhat concerned" that Iran's description of the preliminary agreement was different from the White House's description.

The Economic Times

The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year

“Our working assumption is that ~80% of energy flows will resume by the end of Q3, but a return to ‘normal’ could stretch into 2027.”

Fortune

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Trump does not believe US would ‘need much help’ in Strait of Hormuz

The UK and France have led plans for a defensive mission to protect and reassure vessels in the channel once hostilities are over.

Evening Standard

Crude Oil Prices Sink on Deal to Reopen Strait of Hormuz

July WTI crude oil (CLN26 ) on Monday closed down -4.13 (-4.87%), and July RBOB gasoline (RBN26 ) closed down -0.1026 (-3.36%). Crude oil and gasoline prices sold off sharply on Monday, with crude falling to a 2-month low and gasoline dropping to a 2-month low. Crude oil plunged on...

Barchart

Stock Markets Surge and Oil Falls as US And Iran Confirm Historic Deal to End War and Reopen Strait of Hormuz

Global stock markets surged after the US and Iran confirmed a peace deal to reopen the Strait of Hormuz, easing fears of prolonged energy disruption and boosting investor confidence.

International Business Times UK

FTSE 100 up and oil prices down after US-Iran peace deal

Oil prices experienced a significant decline, with benchmark Brent crude falling over 5% to just over 82 US dollars a barrel, reaching its lowest point in more than three months, following an announcement of a peace deal between the US and Iran . The proposed agreement, announced by Donald Trump,…

The Independent UK

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EU leaders welcome US-Iran deal to end war as Macron says mission to aid Hormuz reopening 'ready'

The US and Iran said they had reached a deal to end the war on all fronts, including Lebanon, and reopen the vital Strait of Hormuz, though they offered few details about Tehran's nuclear programme.

Euronews

Bombs, bargains and sanctions: A timeline of Iran's nuclear programme and its decades-long showdown with US

A preliminary deal between the US and Iran aims to end their war and reopen the Strait of Hormuz, easing global energy supply fears. While a memorandum of understanding is expected, Iran's nuclear program remains a key point for future negotiations. This breakthrough follows decades of disputes and recent direct…

The Times of India

Cost of Iran oil crisis to UK drivers reaches £4bn

Iran’s restrictions on tankers passing through the Strait of Hormuz led to oil prices hitting their highest level since 2022.

Evening Standard

French-UK mission 'ready' to aid Hormuz reopening, says Macron

France's president on Monday said that a military mission set up by Paris and Britain to help with Strait of Hormuz traffic was ready to deploy, following the announcement of an US-Iran deal to end the war in the Middle East, including in Lebanon. Israel insists it is not bound…

Radio France Internationale

Oil prices drop as Trump heralds US-Iran peace deal

Benchmark Brent crude fell more then 4% to just over 83 US dollars a barrel at one stage on hopes of a reopening of the Strait of Hormuz.

Evening Standard

Hormuz halt forces Middle East trade into huge rewiring

A year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of Hormuz closures. Recent conflict forced these plans into action, disrupting global supply chains and prompting companies like Spinneys and DP World to utilize extensive road networks across the…

The Economic Times

Indian LNG tanker crosses Strait of Hormuz as US-Iran deal lifts reopening hopes

An LNG tanker has successfully navigated the Strait of Hormuz. This marks a significant step following a peace agreement between the United States and Iran. The waterway's reopening is crucial for global energy supplies. India, a major importer, anticipates relief. Traders and shipowners are closely monitoring the situation for a…

The Economic Times

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The Economic Times

Nukes, crude sanctions & frozen assets: Inside the 14-point US-Iran peace agreement

A draft agreement between Iran and the United States has reportedly surfaced. This framework could unlock 24 billion dollars in frozen Iranian assets. Sanctions on Iran's energy sector may be eased. The Strait of Hormuz could reopen. Broader negotiations are expected to follow this initial understanding.

AAP

World stocks surge, oil slides on US-Iran deal

World share markets have rallied hard as a framework peace deal between the United States and Iran promises to ease inflationary pressures globally.

The Economic Times

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement, brokered by Pakistan, includes ending a U.S. naval blockade and aims to restore oil flows, unwinding geopolitical risk premiums. Further negotiations on…

Evening Standard

Starmer says Strait of Hormuz must stay open after Iran-US peace deal announced

Shehbaz Sharif, the prime minister of Pakistan, which has been mediating in the conflict, said the accord covered Lebanon.

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Evening Standard

Trump says Strait of Hormuz to reopen as US and Iran agree peace deal

Britain and France have expressed interest in assisting with demining the Strait of Hormuz once the conflict is paused.

The Economic Times

Nirmala Sitharaman flags global risks, says PM Modi Govt ensuring supply stability amid crude, Hormuz pressures

Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, but Prime Minister Modi's government is ensuring there is "not a supply disruption" for households and the economy. She made the remarks at the Viksit Bharat event in Karnataka on…

Bangkok Post

Iran says draft US deal includes oil sanctions waiver, nuclear limits, asset release

DUBAI - A senior Iranian official told Reuters a final draft of the memorandum of understanding with the US covered a range ‌of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and US waivers on oil sanctions, with a final deal to be discussed in the 60…

France 24

Pakistan's prime minister says US and Iran have reached ceasefire deal

This liveblog is no longer being updated.

The Economic Times

Protest erupts in Iran against Araghchi over prospective US peace deal

Protests have erupted in Iran following discussions of a peace deal with the United States. Demonstrators in Mashhad and Tehran are voicing strong opposition to top diplomat Abbas Araghchi and Parliament Speaker Mohammad Bagher Ghalibaf. Hardline figures argue the proposed agreement compromises Iran's interests and its leverage over the Strait…

The Economic Times

Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

The Economic Times

Iran-U. S war, Strait of Hormuz reopen deal between Tehran and Washington: Is the conflict finally ending?

Iran’s nuclear program has been a key point of division. The U.S. and Israel fear it could lead to an atomic weapon — a main reason their leaders cited for going to war.

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