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The Latest Breaking News from the Persian Gulf

Stopgap measures aren't enough to halt rising gas prices as the world scrambles for more oil

Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war

The Independent UK

US attacks Iranian nuclear site while Tehran hits oil tanker off the Dubai coast

A likely strike by the United States hit the central Iranian city of Isfahan, sending a massive fireball into the sky, and Tehran struck a fully loaded Kuwaiti oil tanker in the Persian Gulf

The Independent UK

Trump threatens to obliterate Iran's Kharg island oil hub if no deal reached 'shortly'

About 90% of Iran’s crude oil exports leave the country via the small island in the Persian Gulf's north, much of it destined for China and other Asian markets.

Euronews

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Trump mulls seizing Iran's Kharg Island oil terminal even as talks show progress

U.S. President Donald Trump openly mused about seizing Iran’s Kharg Island oil terminal in the Persian Gulf and the United States and Israel kept up their attacks on the Islamic Republic, even as there were signs of progress in nascent ceasefire talks

The Independent UK

Iran war briefing: Trump says he could ‘easily’ seize Kharg Island amid oil price jump

Donald Trump has said America could “very easily’ seize Kharg Island - Iran’s main oil terminal in the Persian Gulf. It came as oil prices were set ‌for a record monthly rise; Brent crude futures jumped $3.09, or 2.74 per cent, to $115.66 a barrel on Friday. On Saturday, Yemen's…

The Independent UK

Rubio makes bold claim on when Iran war will end: ‘Weeks, not months’

US Secretary of State Marco Rubio has suggested a potential de-escalation of the Iran war, saying it would last "weeks, not months". He also noted Iran's willingness to discuss "certain things". However, Mr Rubio's comments contradict reports from the Wall Street Journal that Donald Trump is considering deploying an additional…

The Independent UK

Airlines are facing yet more turbulence – expert assesses what they need to get through it

The war in the Middle East swiftly led to the cancellation of thousands of flights across the Persian Gulf. The crisis in the industry is severe, but aviation is no stranger to existential shocks. Over the last four decades it has faced the COVID pandemic, the 2008 recession, the September…

The Conversation

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Iran has been threatening to close the Strait of Hormuz for years – it’s a key part of Tehran’s defence strategy

In a 1974 interview with the shah of Iran, Mohammad Reza Pahlavi, the US journalist Mike Wallace briefly referred to the dispute over the naming of what has been generally called “Sinus Persicus” (Persian Gulf) since ancient times – and what Wallace called “the Gulf”.

The Conversation

France's Macron urges ceasefire as Hormuz shipping risks grow

French President Emmanuel Macron on Friday called for de-escalation of the three-week conflict in the Middle East, as France and five other countries said they were ready to help ensure safe passage through the Strait of Hormuz.

Radio France Internationale

The targeting of key Gulf energy infrastructure raises the risk of long-term disruption

Escalating attacks on key oil and gas facilities in the Persian Gulf have increased the risk of an extended bout of higher prices for everything from gasoline and electricity to computer chips and food

The Independent UK

The West has long characterized Iran’s oil as a prize to be claimed

With the recent outbreak of hostilities in the Persian Gulf, the focus of international attention has returned to one of the world’s most important energy chokepoints: the Strait of Hormuz.

The Conversation

Not Just Oil: 3 Fertilizer Stocks Boosted by Hormuz Closure

Fertilizer prices are starting to rise due to the Strait of Hormuz crisis, which benefits North American producers that can manufacture inputs domestically.

MarketBeat

How the law of naval warfare applies to the Strait of Hormuz

The Strait of Hormuz is a narrow body of water adjacent to Iran and Oman, which connects the Persian Gulf to the Gulf of Oman.

The Conversation

Dire straits: The handful of marine choke points holding Europe's economy hostage

From the Persian Gulf to the English Channel, a small number of narrow waterways carry the vast bulk of what Europeans eat, buy, and heat their homes with. When one of them is threatened the consequences ripple everywhere.

Euronews

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The Times of India

Kharg Island: Trump's mercy shot on Iran's oil lifeline could reshape the war

The US has conducted airstrikes on military installations on Iran's Kharg Island, a vital oil export hub, while largely sparing oil infrastructure. President Trump cited "reasons of decency" but warned of reconsideration if shipping through the Strait of Hormuz is threatened. The move highlights the island's strategic importance for Iran's…

Evening Standard

Donald Trump urges UK to send warships to help secure Strait of Hormuz

Tehran is blockading the narrow sea passage out of the Persian Gulf

Axios

Scoop: Trump eases Venezuela sanctions on oil, fertilizer to blunt Iran war costs

The bottleneck of tankers in the Persian Gulf because of Iranian attacks has caused the costs of oil and fertilizer, a petrochemical product, to jump.

Tom’s Hardware

Iran conflict delays Meta’s 2Africa undersea cable project — cable layer declares force majeure, says it can no longer safely operate in the Persian Gulf

Meta is delaying work on the Pearls section of its Africa2 network after its contracted cable-layer, Alcatel Submarine Networks, declared force majeure due to the risk of getting hit during the Iran conflict.

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The Times of India

Why is it called the ‘Middle East’: The 1902 story most people don’t know

Everyone calls it ‘Middle East’, whether it's in a book or on television. But no one noticed why this term ‘East or West’ middle. There is a history behind this that is important to know when this particular phrase gets spoken at a very high level. This term was occupied…

The Independent UK

The islands off Iran's southern coast are key to its economy and security. What to know about them

A top Iranian official is warning that attacks on the Persian Gulf islands that form Iran’s southern maritime frontier would provoke a new level of retaliation

The Independent UK

Ships declare themselves Chinese in the Strait of Hormuz to avoid attacks

At least 19 commercial ships around the region had been damaged in the war as of Thursday

The Times of India

Watch: Video shows huge blaze after blasts hit oil tankers off Iraq’s Basra coast

A deadly explosion rocked two oil tankers in the Persian Gulf off Iraq's Basra coast, with officials suspecting an attack by Iranian boats. The blasts ignited massive fires, forcing the evacuation of 38 foreign crew members. This incident escalates regional tensions and threatens vital global oil supply routes, particularly the…

Axios

Calls grow for Strait of Hormuz ship escorts as Iran escalates attacks

There are about 20,000 seafarers currently working on ships in the Persian Gulf, expert notes.

Barchart

Nat-Gas Prices Rally as Iran War Drags On

April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.189 (+6.26%). Nat-gas prices on Wednesday rallied in sympathy with crude oil prices and European gas prices as the Iran war drags on. Missiles hit three vessels on Wednesday in the Strait of Hormuz and the Persian Gulf, and new...

The Independent UK

Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price shock to the global economy

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