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The Latest Breaking News from the Strait of Hormuz

US Bucks The Trend Despite Price Spike, But Oil Demand Set To Slump: When Is A Recovery Expected

Oil demand worldwide is expected to dip this year, the International Energy Agency said in a report. The expected decline in oil demand would be the first time since the peak of the COVID-19 pandemic in 2020, the IEA report said.

International Business Times

'We screwed up': Iran officials admit hardliners fired on ships to derail talks

Iran has told the United States that attacks on commercial ships in the Strait of Hormuz were the work of an "errant" group of hardliners attempting to sabotage ongoing negotiations, while reaffirming its commitment to continue diplomatic talks, according to senior US officials. The message was conveyed ahead of fresh…

The Times of India

Trump's Loaded Threats, Iran Leader's Revenge Call: Will Middle East Talks Get Back On Track

Uncertainty loomed over the talks between the US and Iran over finding a peaceful solution to the Middle East conflict, with warring parties coming out with confusing claims .The US has demanded that Iran should publicly acknowledge that the Strait of Hormuz is open and pledgto stop firing on commercial…

International Business Times

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How a vague clause in Trump’s peace deal led to anarchy in the Strait of Hormuz

IN FOCUS: The global economy is facing uncertainty after the resumption of hostilities between the US and Iran. Experts tell Maira Butt that negotiators must go back to the drawing board on the Strait if disruption is to be avoided

The Independent UK

Trump threatens to 'completely decimate' Iran, a day after claiming talks to take place

"1,000 missiles are locked and loaded and aimed at the Islamic Republic of Iran," Trump wrote on social media.

Euronews

Could oil prices spike further? Inside the fragile US-Iran stance in the Gulf

Geopolitical tensions in the Middle East have escalated after attacks on commercial vessels. Iran's objective appears to be expanding its strategic influence over the Strait of Hormuz. Gulf nations are remaining cautious to avoid direct involvement in the confrontation. Crude oil prices are expected to remain elevated due to ongoing…

The Economic Times

Donald Trump warns Iran against pursuing any assassination attempt

The US earlier demanded Iran must publicly state the Strait of Hormuz is open and that ships using the vital waterway will not be attacked.

Evening Standard

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US issues fresh Iran-related sanctions as conflict flares

The United States has imposed new sanctions on Iran's financial networks. These sanctions target a key financier for Mojtaba Khamenei and other individuals. This action follows recent attacks on commercial oil tankers in the Strait of Hormuz. The United States aims to disrupt Iran's access to foreign currency and international…

The Economic Times

US insists Iran commit to stopping attacks in Hormuz strait, say US officials

The United States demands Iran publicly cease attacks on ships in the Strait of Hormuz. Officials stated that all shipping lanes within the strait must remain open without any tolls. Recent productive conversations have occurred between the two nations regarding these critical maritime issues. Iran has attributed recent attacks to…

The Economic Times

Exclusive: ‘Big mistake to believe we're off the hook in Europe and beyond,’ IEA tells Euronews

If the Strait of Hormuz is closed indefinitely, Europe and the rest of the world will face dire consequences, International Energy Agency chief Fatih Birol told Euronews in an exclusive interview.

Euronews

From Missiles to Oil: Why Trump's Latest Iran Move Could Still Send Energy Prices Soaring

US President Trump's announcement ending the Iran agreement raises fears of Middle East conflict affecting global oil markets, with tanker traffic slowing in the Strait of Hormuz amid rising tensions

International Business Times UK

Trump agrees to talks with Iran after latest strikes but says ceasefire ‘over’

Earlier in the week, the US president branded the Tehran regime ‘scum’ and said it was ‘a waste of time’ dealing with it.

Evening Standard

Oil heads for weekly gain as Middle East supply risks persist

On Friday, oil prices saw a modest increase as they aimed for weekly gains. Renewed hostilities between the US and Iran have severely limited shipping activity in the Strait of Hormuz, leading to a virtual halt in tanker traffic. This disruption followed Iran's burial of its late supreme leader, Ayatollah…

The Economic Times

Why Iran broke the ceasefire in the Strait of Hormuz and what might happen next – expert Q&A

The 60-day ceasefire signed by the US and Iran three weeks ago fell apart on July 8. Iran targeted vessels transiting the Strait of Hormuz without its say-so, prompting the US to respond with strikes against a range of military targets in the Islamic Republic.

The Conversation

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The Conversation

The US can’t win with force in the Strait of Hormuz – Iran must be offered a realistic incentive to settle

Iranian attacks on Gulf vessels trying to transit via Omani sovereign waters have once again pulled the region into a tit-for-tat spiral of escalation.

International Business Times

Global Oil Demand To Drop For The First Time In More Than Five Years, IEA Says

Global oil demand is set to drop for the first time since 2020, according to the International Energy Agency as the war in Iran saw traffic through the Strait of Hormuz plummet.

The Times of India

Truce and fire: The ghost of Versailles haunts Trump. But is Iran overplaying its hand?

President Trump declared the June 17 ceasefire with Iran over, ordering fresh US strikes. Iran responded by targeting tankers in the Strait of Hormuz, escalating tensions. The conflict's tempo is now largely controlled by Iran's ability to disrupt oil shipments. Both sides face pressures, with neither in a decisive position…

International Business Times

The U.S. And Iran Escalated Clashes This Week. Technical Talks Are Set To Continue Anyway

The U.S. and Iran are set to continue technical talks despite elevated tensions in the Strait of Hormuz, an official said.

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Bangkok Post

Thai sailors attacked in Strait of Hormuz seek damages

The Labour Court on Friday accepted a petition from three Thai sailors seeking damages after a deadly attack on their cargo vessel in the Strait of Hormuz in March, during the US-Israeli war on Iran, their lawyer said.

Euronews

Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says

Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.

Benzinga

US To Continue ‘Technical Talks’ With Iran Even After Trump Declares Ceasefire ‘Over’ and Questions Tehran’s Intentions: Report

The United States will continue talks with Iran and remains committed to finding a resolution, even after the two countries traded strikes this week and President Donald Trump declared their ceasefire "over."

The Economic Times

Global Market: IEA sees global oil demand recovering as Strait of Hormuz flows resume

Global oil demand is showing signs of recovery as shipments through the Strait of Hormuz resume and crude prices ease, the International Energy Agency (IEA) said. While the agency raised its demand outlook slightly, it cautioned that consumption and production remain well below pre-conflict levels amid lingering Middle East tensions.

The Independent UK

Seafarers attacked in the Strait of Hormuz sue shipping company in Thailand

Three former crew members of a Thai cargo ship struck in the Strait of Hormuz in March have filed a lawsuit against the vessel’s operator

The Economic Times

Hormuz ship insurance demand drops as owners get nervous

London marine insurers report fewer transit inquiries for the Strait of Hormuz. Shipowners show growing caution as US and Iran exchange attacks.

The Economic Times

LNG tankers return to Strait of Hormuz despite renewed Middle East tensions

Liquefied natural gas tankers have resumed transiting the Strait of Hormuz recently. Twenty-two Japan-linked vessels exited the Gulf since Tuesday, Tokyo confirmed. This occurred despite renewed fighting and attacks on commercial shipping. Several ballast LNG tankers entered the strait in recent days. Japan-linked vessels in the Gulf have significantly decreased…

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