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The Latest Breaking News from Strait

US and Iran hold fire for third night as talks given 'space'

There had been 13 consecutive nights of US strikes on Iran, which the US military said aimed to "degrade Iran's ability to threaten commercial shipping in the Strait of Hormuz."

Euronews

Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows

Ship traffic through Bab el-Mandeb decreased Sunday after Houthi attacks on Saudi oil sites. Fewer than ten commodity vessels passed through the Strait of Hormuz over the weekend. Seven vessels transited Hormuz on Sunday, including three Iranian-linked tankers.

The Economic Times

Red Sea shipping slumps after Houthi strikes on Saudi Arabia energy infrastructure

Ship traffic through Bab el-Mandeb declined significantly on Sunday. This occurred after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast. Meanwhile, transit through the Strait of Hormuz stayed low over the weekend. Seven commodity vessels passed through Bab el-Mandeb, the lowest level in months. Red Sea traffic…

The Economic Times

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Asia's energy test may hinge on regional cooperation

The past four months have demonstrated just how volatile oil markets can be. In March, Brent crude climbed above US$100 (3,363 baht) a barrel for the first time in four years, reaching $119 on March 9 -- its highest level since the 2022 energy crisis -- as Iran's closure of…

Bangkok Post

Money talks: As the Iran war continues, Hormuz tolls gain traction

With missiles replacing merchant ships in the Strait of Hormuz, activity in the world's most critical energy corridor is grinding to a halt—and a controversial proposal to charge for safe passage is gaining traction.

Fortune

Shipping transits slow to a trickle as Strait of Hormuz faces “worst-case scenario”

From shipping lane to battleground: Hormuz crisis forces industry rethink.

Fortune

Iran-US war latest: Trump says Tehran will pay ‘many times over’ for US soldier deaths as Iran targets Kuwait

Oil prices climb above $90 a barrel after Iranian military targets two tankers in Strait of Hormuz

The Independent UK

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US-Iran Strikes Now Target Power, Water Facilities. Peace Hopes Recede

The US and Iran continued the relentless attacks and counterattacks on infrastructure and military targets on Saturday, as their battle over the Strait of Hormuz intensified, plunging the ceasefire to abysmal depths. A return to negotiations is not being talked about.

International Business Times

US and Iran exchange strikes as they struggle over Strait of Hormuz

The United States and Iran have exchanged strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensifies

The Independent UK

While commercial ships and oil tankers struggled to get by, this Soviet-born billionaire’s $300 million superyacht left Dubai and cruised through the Strait of Hormuz on a 2,000-mile journey to the Maldives

Motor Yacht A, under the ownership of billionaire Andrey Melnichenko, recently traversed the Strait of Hormuz amidst increased military tensions that have prompted commercial vessels to postpone their voyages. Following the imposition of Western sanctions after Russia's invasion of Ukraine, Melnichenko relocated his assets to the Gulf, particularly after his…

The Times of India

Iran targeted by more US strikes while White House says sides are talking

Donald Trump will not let ships be fired on in the Strait of Hormuz without Tehran ‘paying a consequence’, says administration

Evening Standard

Iran tells Houthis to close Red Sea gateway if US hits power network, sources say

In a significant escalation, Iran has directed Houthi militias to get ready to obstruct the Red Sea oil passage should the United States carry out strikes on Iranian power facilities. Sources indicate that the Houthis are already positioning missiles and drones in proximity to Bab el-Mandeb strait. This potential blockade…

The Economic Times

US resumes daylight strikes on Iran as tensions escalate over Strait of Hormuz

US Central Command said it has resumed daylight strikes on Iran, targeting coastal defences and missile sites. Tehran has reported casualties as tensions rise over a renewed blockade threat, calls for retaliation and the ongoing dispute over the Strait of Hormuz.

Euronews

Trump Abandons 20% Strait of Hormuz Fee, Says Gulf States Will Make 'Record' Investments in the US as CENTCOM Reaffirms Naval Blockade

President Donald Trump has abandoned the idea of imposing a 20% fee on all vessels traveling through the Strait of Hormuz after floating the idea on Monday, demanding compensation in exchange for safe passage through the waterway.

Benzinga

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France 24

War, talks, repeat: How to break the cycle between US and Iran?

Who needs nuclear weapons when you have the Strait of Hormuz? While ordinary Iranians are far worse off than on February 28th – when the US and Israel launched a war that killed the Supreme Leader on day one – the Islamic Republic has since shown it has massive leverage…

The Independent UK

The Trump toll: Why plan to charge ships 20% fee in Strait of Hormuz will never work

Trump’s 20 per cent toll on shipping could more than double the cost of transporting oil from the Gulf to Europe, say analysts

Euronews

US-Iran conflict widens after deadly tanker attack in Strait of Hormuz

Commercial shipping has come under attack in the Strait of Hormuz as the US and Iran exchange military action, raising fears the conflict could draw more Gulf states into the fighting.

Benzinga

Hormuz is No Suez or Panama Canal, Says Global Shipping Giant, Slams Trump's 20% Toll as 'Fundamentally Wrong'

Shipping executives warned that President Donald Trump’s proposed 20% levy on vessels passing through the Strait of Hormuz could backfire by discouraging ship traffic and further reducing activity on the crucial trade route.

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Fortune

The price of oil shoots upward as Trump demands tolls in the Strait of Hormuz

Everything you need to know before you reach the office this morning.

Benzinga

Former Defense Secretary Mark Esper Backs Trump's Iran Blockade: 'the Right Move'

Former Defense Secretary Mark Esper on Monday backed President Donald Trump’s decision to reinstate a U.S. naval blockade of Iranian ports, calling it the "right move" as Washington claims a bigger security role in the Strait of Hormuz.

The Times of India

‘Pirates of Hormuz’: Brazil PM Lula attacks Trump's 20% shipping toll, calls it ‘piracy’

Brazilian President Luiz Inácio Lula da Silva has openly criticized Donald Trump's suggestion to impose a fee on ships traversing the Strait of Hormuz, branding the U.S. as a 'pirate state.' Trump claimed that the U.S. would assume the role of guardian over this vital waterway. This development emerges amid…

Benzinga

Stock Market Today: Dow, S&P 500, Nasdaq 100 Futures Rise on Better-Than-Expected CPI Data—Tower Semiconductor, Twin Vee, JPMorgan In Focus (UPDATED)

U.S. stock futures pared losses to advance on Tuesday, as the Nasdaq 100, Dow Jones and S&P 500 indices gained, following Monday’s lower close.

Benzinga

Trump's Strait of Hormuz Blockade Could Push Oil Higher, Gas Prices Could Reach $4 a Gallon, Analyst Says

GasBuddy analyst Patrick De Haan on Monday cautioned against gas prices in the U.S. likely spiking as tensions between Washington and Tehran escalate over the Strait of Hormuz.

The Economic Times

Trump's Strait of Hormuz Plan Explained: Can the US charge ships and what it means for India

Strait of Hormuz Explained: US President Donald Trump's proposal to impose a 20% charge on cargo passing through the Strait of Hormuz has sparked a sharp rebuttal from Iran and raised fresh concerns over oil prices, global trade and India's economy. Here's what international law says, why the UN opposes…

The Independent UK

US attacks Iran and Tehran retaliates across the Middle East as both vie for control of strait

The U.S. has launched more strikes on Iran after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz

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