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The Latest Breaking News from Strait

Crude oil prices end winning run with first weekly fall in nearly a month. Can liquid gold slide further?

Crude oil prices posted their first weekly decline in three weeks as improving flows through the Strait of Hormuz eased supply concerns. Brent fell over 5% for the week, while WTI declined more than 4%. However, prolonged shipping disruptions could push prices higher, with JPMorgan and Goldman Sachs flagging upside…

The Economic Times

Oil settles lower on clues about Fed policy, rumors of Hormuz deal

On Friday, oil prices dipped, driven by signals from the Federal Reserve and circulating rumors regarding the Strait of Hormuz. Market traders assessed the possibility of rate hikes by the U.S. Federal Reserve aimed at battling inflation. Additionally, talks of a potential agreement to reopen the Strait influenced the market…

The Economic Times

The Strait of Hormuz crisis threatened Asia's oil and gas lifeline. Here's how the region is rewriting its energy playbook

“Notwithstanding the rise of alternative and green technologies over the past decade, the global economy is still very reliant on oil and gas."

Fortune

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Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off Oman

Iraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz despite disruptions. Iraq's state oil marketer is offering specific crude grades via ship-to-ship transfer. This shift follows previous steep discounts offered to entice buyers. The country aims…

The Economic Times

Trump Claimed All Mines Were Removed From The Hormuz Strait. Allies Are Reportedly Not So Sure.

U.S. allies believe Iran laid between 80 and 150 mines in the waterway.

International Business Times

Iran-US war latest: Tehran drafting list of conditions to open Hormuz as Trump sends new warship to Middle East

Trump insists US is still winning against Iran and willing to do ‘whatever it takes’

The Independent UK

Oil Price Today (August 27): Crude oil dips to $87, down for 4th session amid Hormuz reopening hopes. What are experts saying?

Oil prices slipped on Thursday, extending their losing streak, as hopes of a Strait of Hormuz reopening grew amid diplomatic efforts involving Iran and Oman. Brent crude fell 0.7% to $87.24 a barrel, while WTI declined 0.7% to $81.67. Markets are watching developments around the key oil transit route; a…

The Economic Times

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What is happening in the Strait of Hormuz after Trump’s strange rant?

IN FULL

The Independent UK

Iran, Oman reach deal on Strait of Hormuz, but reopening hinges on US conditions

Iran and Oman reached an agreement on Strait of Hormuz control and revenues. The Revolutionary Guards stated the strait will not reopen without US acceptance. Shipping has largely halted, increasing global energy prices due to blockades. Iran blacklisted ships while the US increased economic pressure on Tehran. Oil prices eased…

The Economic Times

Iran and Oman Take Steps Towards Establishing a Shipping Route Through The Hormuz Strait

Oman's Foreign Minister Sayyid Badr bin Hamad Albusaidi said talks in Tehran with Iranian Foreign Minister Abbas Araghchi had been constructive and expressed hope that an agreement on a temporary corridor could be announced soon.

International Business Times

Global Market: European shares edge higher as oil prices fall, Nvidia earnings in focus

European shares edged higher as falling oil prices eased bond yields and supported equities, while investors awaited Nvidia’s quarterly results and fresh US inflation data. The STOXX 600 gained 0.1%, with basic resources leading gains, even as energy stocks lagged amid hopes of a reopening of the Strait of Hormuz.

The Economic Times

Iran and Oman discuss temporary corridor in Strait or Hormuz

Iran and Oman held talks in Tehran to discuss the management of traffic passing through the Strait of Hormuz, as well as a joint mine-clearing project. Further negotiations are expected to discuss a permanent solution.

Euronews

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

Iran Threatens Fines and Seizures for 45 Tankers in Hormuz Amid Trump's 'New US Territory' Claim as Tensions Escalate

Iran has blacklisted 45 tankers for violating transit rules in the Strait of Hormuz, escalating tensions with the US and impacting global oil shipments.

International Business Times UK

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The Economic Times

Iran threatens 45 tankers with fines, confiscation in Hormuz escalation

Iran has blacklisted forty-five tankers for violating its Strait of Hormuz transit rules. The Persian Gulf Strait Authority announced these vessels face fines and confiscation. This action escalates threats over the key waterway six months into the ongoing conflict. Any ships transferring cargo with these blacklisted vessels will also face…

Fortune

The Iran war could last 'deep into 2027' as the Strait of Hormuz isn't that closed, allowing more oil to leak out—but major escalation is likely soon

"And if the Strait is not fully closed, Iran’s leverage is weak. Thus, Iran has reasons to escalate."

The Economic Times

Trump calls Strait of Hormuz ‘American territory’, warns Iran over nuclear arms

President Trump stated Iran must not obtain nuclear weapons. He also declared the Strait of Hormuz as American territory. Iran rejected these claims, promising to correct the delusions. Tensions remain high over the strategic waterway and its global energy supplies. Both nations continue asserting control and issuing warnings.

Barchart

Crude Oil Prices Jump as Hopes Dim of Reopening the Strait of Hormuz

September WTI crude oil (CLU26) is up +2.03 (+2.37%) today, and September RBOB gasoline (RBU26) is up +0.0008 (+0.02%). Crude oil and gasoline prices are moving higher today, with crude oil climbing to a 1-month high. Crude prices are rising after President Trump threatened to crush Iran’s economy, dampening any...

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Benzinga

US Reportedly Runs a Covert Shipping Corridor in Hormuz, Moves 10 Million Oil Barrels Daily—Analyst Says 'Major Development if...'

The U.S. military has reportedly established a “stealth” shipping corridor in the Strait of Hormuz, a critical oil transport route.

Benzinga

Trump’s Former Counterterrorism Chief Warns Against Iran Economic Measures, Citing Risk to US Troops—Backs Sanctions Relief to Reopen Strait of Hormuz

President Donald Trump‘s former counterterrorism chief Joe Kent has warned against Washington’s threat to impose “crushing economic” measures against Iran, reiterating that the U.S. should provide sanctions relief to reopen the Strait of Hormuz.

The Independent UK

Rosie O’Donnell skewers Trump’s Strait of Hormuz claim: ‘The moron-a-thon continues’

O’Donnell showed her audience a map shared by the president, which circled the strait and labeled it ‘new US territory’

Benzinga

Iran’s Security Chief Declares ‘Post-American Order,’ Mocks Trump’s Strait of Hormuz Claim: ‘The Gap Between…’

Iran’s Secretary of the Supreme National Security Council, Mohsen Rezaee, pushed back against President Donald Trump‘s claim that the Strait of Hormuz was a U.S. territory on Tuesday amid escalating tensions between Washington and Tehran.

The Economic Times

From hammering Iran to strangling them: Donald Trump has a new approach in Middle East war

President Trump is shifting his Iran strategy towards sustained economic and military pressure. Talks with Tehran have stalled, and a parallel Iran-Oman effort creates new challenges. Shipping through the Strait of Hormuz remains severely disrupted despite US claims of openness. The US is expected to impose tougher sanctions on Iran…

Barchart

Crude Prices Gain on Reduced Middle Eastern Oil Supplies

September WTI crude oil (CLU26) closed up +0.44 (+0.52%) on Tuesday, and September RBOB gasoline (RBU26) closed up +0.0316 (+0.97%). Crude oil and gasoline prices extended Monday’s sharp rally on Tuesday and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting...

Barchart

Crude Prices Supported as Strait of Hormuz Remains Closed

September WTI crude oil (CLU26) is up +0.80 (+0.95%) today, and September RBOB gasoline (RBU26) is up +0.0232 (+0.71%). Crude oil and gasoline prices extended Monday’s sharp rally today and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting crude supplies...

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