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The Latest Breaking News from Strait of Hormuz

Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

The Independent UK

Rupee rises 5 paise to 95.53 against US dollar in early trade

The Indian Rupee gained ground against the US Dollar today. This rise follows an agreement between the US and Iran to extend a ceasefire. Forex traders believe this will ensure continued trade through the Strait of Hormuz. Stable oil prices offer relief to India, an oil-importing nation. However, foreign investment…

The Economic Times

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Ceasefire report and US stockpile data impact crude market

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved lower after reports claimed the United States and Iran reached a ceasefire extension agreement. Brent crude and US WTI crude futures also reacted to lower-than-expected US crude…

The Economic Times

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Bigger proportion of non-Iran ships crossing Hormuz strait: Data

The proportion of vessels not linked to Iranian ownership that are transiting the key Strait of Hormuz has risen, according to data from maritime firm Lloyd's List Intelligence shared Thursday. Adding to the uncertainty, Iranian forces have fired at four ships attempting to cross the Strait of Hormuz without authorisation,…

The Economic Times

Bandar Abbas under attack again? Why the world fears every strike near Bandar Abbas as the renewed Strait of Hormuz crisis deepens the global oil shock

The US has struck Bandar Abbas again. For the second time in less than a week, American forces targeted Iran's most critical southern port city. Bandar Abbas sits on Iran's southern coast, positioned at the northern entrance of the Strait of Hormuz. The strait's narrowest point lies roughly 60 to…

The Economic Times

IMEC, Indo-Pacific routes key to reducing Hormuz dependence: EY

India is urged to diversify its trade routes and develop new corridors like IMEC and the Indo-Pacific route. This aims to lessen dependence on the Strait of Hormuz amid West Asia tensions. The nation must prepare for economic shocks by building strategic reserves and shifting towards green energy.

The Economic Times

US and Iranian strikes the most serious since truce began

TEHRAN - The United States and Iran traded strikes on Thursday in their most serious clash since an April ceasefire began, rattling ongoing efforts to negotiate an end to the war and open the vital Strait of Hormuz.

Bangkok Post

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A shadowy Oman-Iran plot provoked Trump’s “blow ’em up” threat

US President Donald Trump has sent a stark message to the Sultanate of Oman, warning of potential military repercussions should it move forward with its financial alliance with Iran aimed at taxing ships in the crucial Strait of Hormuz. This development raises serious questions about Oman's historical position as a…

The Economic Times

Iran-US war restarted? Tensions rise as Washington, Tehran resume attacks amid truce talks: Check key developments

Fresh US strikes targeted Iran's drone control center near Bandar Abbas after Iranian forces fired on a US tanker in the Strait of Hormuz. Washington also imposed new sanctions on an Iranian agency controlling shipping. Kuwait intercepted missiles and drones, while Israel warned Lebanon's Tyre of impending action against Hezbollah,…

The Economic Times

US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard…

The Economic Times

'War left regime desperate for cash': US sanctions authority overseeing Strait of Hormuz as Middle East conflict enters 90th day

The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst…

The Times of India

US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz

The Trump administration imposed new sanctions on Iran's newly formed agency controlling shipping through the Strait of Hormuz. This economic pressure campaign aims to force Iran into an agreement to end the war and reopen the vital waterway. The move follows rising energy prices and ongoing diplomatic efforts to resolve…

The Economic Times

From Iran deal ultimatum to Ebola preparedness: Key takeaways from Donald Trump’s cabinet meeting

US President Donald Trump on Wednesday held an expansive Cabinet meeting at the White House, addressing issues ranging from ongoing negotiations with Iran and tensions in the Strait of Hormuz to Ebola preparedness, immigration detention protests and domestic anti-fraud initiatives.

The Times of India

Is Trump Starting Another War? POTUS Warns Oman to 'Behave' Or 'We'll Have to Blow Them Up'

Donald Trump sparked backlash after warning Oman to 'behave' amid Iran Strait of Hormuz talks, prompting critics to question whether he is escalating toward conflict.

International Business Times UK

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The Economic Times

White House calls Iran's draft deal report a 'complete fabrication' as both sides inch toward Hormuz framework

The White House has strongly refuted claims by Iranian state television regarding a draft ceasefire deal with the US. Iranian media had reported on a memorandum of understanding involving US troop withdrawal and lifting naval blockades. In exchange, Iran was said to agree to restore transit through the Strait of…

The Independent UK

South Korean vessel ‘likely hit by Iranian missile’ in Strait of Hormuz

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The Economic Times

Strait of Hormuz closure chokes trade and aid for Afghanistan

Afghanistan's trade routes are severely disrupted. Conflicts in the Middle East and border closures with Pakistan have crippled businesses and aid efforts. Shipping through Iran's Bandar Abbas port is blocked. Humanitarian aid, especially for malnourished children, is running out. Supplies are now rerouted through Central Asia, tripling costs. Businesses face…

France 24

Iran says US violated ceasefire with strikes near Hormuz

Iran accused the United States on Tuesday of breaching a fragile ceasefire with strikes near the Strait of Hormuz, threatening efforts to end nearly seven weeks of conflict. Washington said the attacks were defensive, targeting missile sites and vessels allegedly laying mines.

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The Economic Times

Iran condemns US strikes as show of 'bad faith', warns of consequences

Iran has condemned US strikes as a breach of trust during peace talks. The US military stated the strikes were defensive. Negotiations are ongoing for a deal to end the war. The Strait of Hormuz remains a key point of discussion. The conflict impacts global food supplies. New proposals involve…

The Economic Times

When will US-Iran war end, Strait of Hormuz reopen? Marco Rubio reveals details after White House launches heavy strikes

Iran and the U.S. had indicated progress on a memorandum of understanding that could halt the war and restart shipping through the blockaded Strait of Hormuz.

The Economic Times

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 Times of India

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 Economic Times

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…

International Business Times UK

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.

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