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The Latest Breaking News from Strait

Starmer attends G7 as Trump announces Strait of Hormuz to reopen

It was Sir Keir Starmer’s first meeting with Mr Trump since the President said he was ‘no Winston Churchill’ in March

Evening Standard

Even with a deal to reopen the Strait of Hormuz, it could take weeks or months for oil to fully flow

The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy

The Independent UK

Middle East oil and gas output will take months to fully recover

A landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already caused oil prices to drop. However, industry experts warn that restoring oil production and refinery operations to their previous levels will be a lengthy process, potentially…

The Economic Times

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France's Macron warns Iran against imposing Hormuz tolls

French President Emmanuel Macron on Monday warned Iran against imposing tolls on shipping through the Strait of Hormuz, saying "everything" should be done so fees are not charged for passage through the key bottleneck.

Radio France Internationale

Oil Prices Plummet After U.S. And Iran Reach Tentative Deal To End The War

Oil prices plunged on Monday after the U.S. and Iran announced a tentative deal to end the war and reopen the Strait of Hormuz, potentially restarting the flow of about a fifth of the world's energy after more than three months.

International Business Times

China backs US-Iran deal to end 107-day war, urges swift reopening of Strait

In a significant diplomatic development, China has expressed enthusiastic support for the US-Iran agreement designed to resolve their 107-day standoff and restore access to the crucial Strait of Hormuz. Beijing is optimistic that the upcoming Memorandum of Understanding will be finalized, fostering much-needed stability for international commerce and energy supply.

The Times of India

Starmer hails hugely significant ‘breakthrough’ as Trump announces US-Iran war peace deal

US president Donald Trump said the agreement meant ‘oil will flow’ freely once again through the Strait of Hormuz, the vital shipping route out of the Persian Gulf

The Independent UK

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What we know as Trump says peace deal reached with Iran

‘Ships of the World, start your engines. Let the oil flow!’ Trump wrote on Truth Social on Sunday afternoon

The Independent UK

Starmer welcomes ‘breakthrough’ in ending US-Iran war

US President Donald Trump said the agreement meant ‘oil will flow’ freely once again through the Strait of Hormuz, a vital shipping route.

Evening Standard

Iran ‘agreed to never have a nuclear weapon’, says Trump – as it happened

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The Guardian - AU

Fragile Iran deal offers oil relief, but Hormuz risks remain

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible. Tanker traffic may not fully return to pre-war levels soon. This situation will likely keep oil prices higher. Logistics will take time to…

The Economic Times

Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected to lower freight costs, ease inflationary pressures, and stabilize global energy markets, benefiting key sectors and policymakers.

The Economic Times

Trump leaves the hard part for later in long-awaited Iran deal

America and Iran have reached a preliminary agreement to stop their conflict and reopen the Strait of Hormuz. A 60-day period is now set for further talks on Iran's nuclear program. Many issues remain unresolved, raising doubts about a lasting peace. The deal faces skepticism from various sides.

The Economic Times

Trump warns of renewed strikes on Iran if nuclear talks fail, says US could become ‘guardian of the Middle East’

President Trump has warned Iran of renewed military action or a significant financial demand if a nuclear deal isn't reached. He asserted his agreement would ensure free passage through the Strait of Hormuz, claiming he'd protected Israel from nuclear threats despite Israeli objections.

The Economic Times

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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.

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.

International Business Times

Donald Trump Says Deal On Sunday As Flicker Of Peace Returns To Middle East

The US President made this announcement in a Truth Social post. Trump also said the Strait of Hormuz will be open to all once the deal is signed.

The Times of India

'All vessels should comply with orders from US forces in Hormuz', Rubio tells Jaishankar

US secretary of state Marco Rubio told external affairs minister S Jaishankar that all commercial vessels operating in the Strait of Hormuz must comply immediately with orders issued by US forces.

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The Economic Times

‘Comply with US forces in Hormuz immediately,’ Rubio tells Jaishankar amid row over Indian sailors

US Secretary of State Marco Rubio urged compliance with US forces in the Strait of Hormuz. This follows India's strong protest over US naval attacks in the Gulf. These attacks resulted in the deaths of three Indian mariners aboard a Palau-flagged tanker. India summoned the US Embassy's Charge d'Affaires to…

The Economic Times

US military helping move 7 million barrels of oil per day out of Persian Gulf, Wright says

Amidst geopolitical tensions, the US military's efforts are securing the departure of seven million barrels of oil each day from the Persian Gulf, dramatically outperforming market anticipations. Currently, no Iranian oil is making its way through the Strait of Hormuz.

The Economic Times

Why market rallied today? Sensex zooms 1,700 points, Nifty closes above 23,600. 4 key factors behind Rs 10 lakh crore gains

Sensex and Nifty surged 2% each, adding Rs 10 lakh crore in market cap, as easing oil prices and US-Iran peace hopes boosted sentiment. Broad-based gains, a stronger rupee and global market rally supported the upmove, while analysts remain cautious on geopolitical risks.

We Got This Covered

Inflation just hit 4.2 percent — the highest in 3 years. Donald Trump responds with a secret claim about removing millions of barrels of Iranian oil

The President said the US is in control of the Strait of Hormuz.

The Economic Times

Why crude oil markets suddenly reversed course today: US oil prices collapse below $87 after Trump cancels Iran strike plans, WTI crude drops 3%

US oil prices collapsed below $87 as WTI crude dropped nearly 3% after President Trump canceled planned Iran strikes. The move reversed a war-driven rally as diplomatic back-channel talks between Washington and Tehran signalled possible de-escalation. Iran's Strait of Hormuz closure and record-low OPEC output kept supply fears alive. But…

The Economic Times

World markets walk a tightrope between AI stocks and oil shocks

Global markets are on a knife edge, facing a potential AI boom or oil shocks from the U.S.-Iran conflict. Investors are navigating volatile conditions, with correlations between tech, interest rates, and oil creating uncertainty. The outlook hinges on the Strait of Hormuz reopening, with stagflation risks looming if oil prices…

The Economic Times

Hegseth says the US controls the Strait of Hormuz, while also warning of bomb strikes on Iran’s 'key facilities'

America is taking a firm stand in the Strait of Hormuz, demonstrating significant influence over this crucial maritime corridor. While Iranian resistance persists, commercial shipping flows uninterrupted, showcasing the effectiveness of US military operations that have successfully countered Iranian attempts to disrupt trade.

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