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The Latest Breaking News from the Strait of Hormuz

India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

India's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ensures a reliable energy and trade gateway for India, even amidst regional conflicts. This agreement is an investment in India's long-term energy and economic security.

The Economic Times

An LNG glut is on its way

The closure of the Strait of Hormuz and the shutdown of Qatar’s LNG exports have pushed gas prices higher, but the disruption could ultimately lead to a prolonged global LNG glut, according to the analysis. The crisis has exposed the risks of relying on LNG supplies passing through Hormuz, prompting…

The Economic Times

US and Iran exchange fire as peace deal remains in limbo

Washington struck radar and drone sites in Iran over the weekend after Tehran downed a US drone, as Kuwait intercepted Iranian missiles and Trump said a deal "will all work out well in the end".

Euronews

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Trump seeks fresh changes to Iran deal; draft includes Hormuz reopening, nuclear curbs: Report

President Donald Trump wants more changes to a proposed Iran deal. The agreement aims for a ceasefire and nuclear talks. It also includes opening the Strait of Hormuz. Iran insists on guarantees for its rights. Pakistan is mediating. The US warns of renewed conflict if terms are not met. Negotiations…

The Economic Times

'Low-rating disaster': Donald Trump blasts CNN for claims that Iran deal does not cover nuclear

The latest draft is said to include a 60-day halt in hostilities, provisions for reopening the Strait of Hormuz and a roadmap for restarting negotiations over Iran's nuclear programme. However, no formal agreement has yet been announced. A high-level meeting at the White House on Friday, convened to reach a…

The Times of India

Oil Price Today (June 1): Crude oil gains over 2% as Israel attacks Iran-backed Hezbollah. What are experts saying?

Oil prices surged over 2% as Israel advanced troops into Lebanon. This escalation follows peace talks and weakens hopes for a U.S.-Iran ceasefire extension. Crude futures saw significant gains. The conflict, a spillover from the Iran war, has impacted global oil flows. Analysts suggest a prolonged Strait of Hormuz closure…

The Economic Times

Oil prices rise more than 2% as Israel steps up incursion into Lebanon

Oil prices surged over 2% as intensified fighting between Israel and Hezbollah in Lebanon overshadowed hopes for a ceasefire extension with Iran. Stepped-up conflict, despite a prior truce, dimmed expectations for a deal, while concerns over mines in the Strait of Hormuz further tightened supply outlooks.

The Economic Times

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'We're Gonna Take It to the UN': Rubio Issues Stark Warning to Iran Over Strait of Hormuz Stranglehold

The US, led by Secretary of State Marco Rubio, seeks UN intervention to counter Iran's blockade of the Strait of Hormuz, a critical global shipping route, amid rising tensions.

International Business Times UK

Iran's IRGC says 28 ships passed through Strait of Hormuz in the last 24 hours

Iran's IRGC reports 28 ships transited the Strait of Hormuz under its security. The IRGC states the Persian Gulf's insecurity stems from US actions. Iran recently launched a new body to manage maritime traffic in the strait. The US has imposed sanctions on this body, accusing Iran of extortion.

The Economic Times

France's Macron says 'nothing justifies' south Lebanon escalation

France's President Emmanuel Macron condemns the escalating conflict in south Lebanon. He stresses the urgent need for a US-Iran agreement to ensure regional stability. Macron also calls for the immediate reopening of the Strait of Hormuz. France will support Lebanon's territorial integrity and calls for all weapons to fall silent.

The Economic Times

US Warns Of Sanctions Risk If Deals On Strait Of Hormuz Passage Are Struck

The Strait of Hormuz is a key waterway that connects the Persian Gulf to the rest of the world though which a fifth of the world's energy transit was routed. After the US-Israeli strikes began on February 28, the passage of vessels through the Strait has been hit, severely disrupting…

International Business Times

Iran says no deal with US unless its rights secured

Iran's chief negotiator says Tehran will not agree to any deal with the United States unless Iranian rights are fully secured. Reports suggest Washington has sent a tougher peace proposal. This could delay an agreement to end the Middle East war and reopen the Strait of Hormuz. Both sides remain…

The Economic Times

US military says it struck a commercial ship trying to breach blockade and reach Iran

According to the US Central Command, the Gambia-flagged cargo ship Lian Star ignored more than 20 warnings from US forces overnight as it tried to enter an Iranian port.

Euronews

As Iran war threatens undersea cables in the Strait of Hormuz, is it time to rethink the internet?

IN FOCUS: Undersea internet cables form the backbone of all worldwide connectivity, enabling bank transfers, messaging, and critical services to function. But as global conflicts threaten crucial chokepoints through which they run, how can the critical cables be protected? Alex Croft reports

The Independent UK

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The Independent UK

Iran-US war latest: Israel captures 900-year-old castle in deepest incursion into Lebanon in 26 years

Senior Iranian official accuses Donald Trump of 'betraying diplomacy for third time'

The Economic Times

Iran says it destroyed US MQ-1 drone after airspace incursion: Report

Iran's Islamic Revolutionary Guard Corps (IRGC) claimed that its air defence units shot down a US MQ-1 drone after it allegedly entered Iranian territorial airspace in the early hours of Sunday, according to Iranian semi-official news agency Tasnim.

The Economic Times

UK minister Yvette Cooper to visit India, China for talks on global crises and trade

British Foreign Minister Yvette Cooper embarks on a crucial trip to China and India this week. She will engage with leaders on pressing global matters including the Strait of Hormuz and the Russia-Ukraine war. Cooper's visit aims to foster cooperation on trade and technology. This engagement with two major powers…

The Economic Times

$12 billion and Hormuz control: Iran's draft peace deal account clashes with Trump's version

Iranian state media reported a proposed MOU with the US includes releasing $12 billion in frozen assets, a claim the White House previously dismissed as a fabrication. This follows conflicting accounts from both sides regarding a potential agreement to end hostilities and manage the Strait of Hormuz.

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The Times of India

US says it is 'more than capable' of resuming war with Iran as talks remain unresolved

The US warned of renewed military action against Iran if necessary, with President Trump demanding a permanent end to Tehran's nuclear ambitions. Despite ongoing diplomatic efforts and a fragile ceasefire, tensions remain high, exacerbated by disruptions in the Strait of Hormuz and continued fighting in Lebanon.

The National (Scotland)

US 'disables' second commercial ship trying to breach blockade and reach Iran

THE US military has stopped another merchant vessel trying to break through the American blockade of Iranian ports, a US official said ...

Fortune

Damn the torpedoes — More ships are quietly slipping through the Strait of Hormuz as helicopters scare off Iran's fast-attack boats

To sail through the strait without being detected by Iran, many ships are turning off their Automatic Identification Systems.

The Economic Times

US says it disabled another commercial ship trying to breach blockade and reach Iran

US forces have intercepted another ship trying to bypass their blockade of Iranian ports. The Gambia-flagged vessel, Lian Star, ignored warnings and was disabled by US aircraft. This marks the sixth such interception, with one ship previously allowed to pass. The blockade, initiated in response to Iran closing the Strait…

The Economic Times

What is oil price prediction for Monday? Oil prices fall as US-Iran ceasefire talks support market sentiment

What is oil price prediction for Monday? Oil prices ended lower on Friday as investors reacted to signs of progress in talks between the United States and Iran. Markets focused on the possibility of an extended ceasefire and the reopening of shipping routes through the Strait of Hormuz. Brent crude…

The Economic Times

Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tolls

Qatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purposes like mine clearing are negotiable. This stance comes amid discussions between Iran and Oman regarding a permanent toll system. Qatar aims to balance relations with both Iran…

The Independent UK

Iran-US war latest: US forces fire at ship running Hormuz blockade while Israel intensifies war in Lebanon

Senior Iranian official accuses Donald Trump of 'betraying diplomacy for the third time'

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