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The Latest Breaking News from the Strait of Hormuz

Trump Tells Oil Tanker Crews to 'Show Some Guts' Through Strait of Hormuz as Iran Conflict Sends Oil Prices Past $100

President Trump encourages oil tankers to resume operations through the Strait of Hormuz despite safety concerns, as global oil prices surge.

International Business Times UK

Macron announces 'defensive' mission to reopen Strait of Hormuz

President Emmanuel Macron on Monday warned that an attack on Cyprus was an attack on all of Europe and said France and its allies were preparing a "defensive" mission to reopen the Strait of Hormuz as the Middle East war entered its second week.

Radio France Internationale

Donald Trump urges tankers to ‘show some guts’ in Strait of Hormuz as oil prices surge

President Trump urged tanker crews navigating the Strait of Hormuz to "show some guts," asserting that Iran's naval capabilities have been significantly diminished. He stated there is "nothing to be afraid of" as global oil prices surged over $100 per barrel due to fears of supply disruptions.

The Times of India

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Why blocking Hormuz could threaten the world's food supply

While most of the world is focused on the impact of oil disruptions in the Strait of Hormuz, the current blockade could also pose long-term risks to the global food supply.

Euronews

Key Factor of Iran War is Plunging World Economy Into Unprecedented Energy Crisis, Analyst Says

Experts are warning that the world is headed for an unprecedented energy crisis due to the Iran war and threats to shipping in the Strait of Hormuz.

International Business Times

European Commission plans energy price relief for struggling industries

EU leaders are considering reviewing taxes, electricity network charges and carbon costs tied to energy prices as a quick fix for struggling industries as attacks on the Strait of Hormuz send markets reeling.

Euronews

'A Good Thing' — Leavitt Defends Spiking Gas Prices on Fox News Even as Brent Crude Hits $84 a Barrel

White House press secretary Karoline Leavitt defends rising petrol prices in the US, citing the Iran conflict as a temporary disruption for long-term energy market benefits

International Business Times UK

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'Nightmare scenario' looms as global markets head for the biggest oil output disruption in history, top energy guru warns

“The fear? That this will result in skyrocketing energy prices that send the world economy plummeting into a deep recession.”

Fortune

Minister tight-lipped on Middle East military request

Australia is considering whether to send resources to the Middle East to protect against Iranian attacks, but officials are yet to reveal key details.

AAP

Iran war ‘could bring down global economy’ after warning oil could reach $150 a barrel

The bombing of Iranian oil depots, retaliatory strikes across the Gulf and disruption in the Strait of Hormuz is hiking prices, prompting warnings oil could reach $150 a barrel and a gas shortfall in Britain

The Independent UK

Forget the U.S. Navy, the best protection for ships traveling through the Strait of Hormuz may be claiming to be a 'Chinese' or 'Muslim' vessel

Most ships in the U.S. Navy’s fleet are in port or in maintenance and training, with less than a fifth of the force at sea for operations, according to CSIS.

Fortune

Oil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.

Fortune

Stocks Retreat on Inflation Concerns and a Weak US Job Market

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.95%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.51%. March E-mini S&P futures (ESH26 ) fell -1.39%, and March E-mini Nasdaq futures...

Barchart

Crude Prices Surge as Iran War Halts Middle East Crude Shipments

April WTI crude oil (CLJ26 ) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26 ) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The...

Barchart

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International Business Times UK

'If They Rise, They Rise' — Trump Shrugs Off Surging Pump Prices as Qatar's Energy Minister Warns Oil Could Hit $150 a Barrel

As the US-Iran conflict intensifies, oil prices are skyrocketing, with potential global economic impacts. Discover how the Strait of Hormuz tensions are affecting energy markets.

Barchart

Crude Prices Soar as Iran War Disrupts Global Oil Supplies

April WTI crude oil (CLJ26 ) today is up +7.44 (+9.18%), and April RBOB gasoline (RBJ26 ) is up +0.0148 (+0.55%). Crude oil and gasoline prices are extending this week’s sharp rally, with crude soaring to a 2.25-year nearest-futures high and gasoline posting a 1.75-year high. The ongoing war in...

Barchart

Stocks Retreat Amid Inflation Fears and Weak US Jobs

The S&P 500 Index ($SPX ) (SPY ) today is down -0.95%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.76%. March E-mini S&P futures (ESH26 ) are down -0.95%, and March E-mini Nasdaq futures...

International Business Times UK

Saudi Arabia And Gulf Allies Reportedly Discussing Withdrawing From US Contracts Amid Rising Iran Tensions

Gulf nations are reviewing their investment commitments to the US due to the ongoing Iran conflict, impacting global economies.

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Euronews

The country likely winning from Iran's Hormuz gambit? Russia

The world's most critical shipping chokepoint is becoming a geopolitical battleground — and Russia may be the unlikely winner.

Barchart

Stocks Slump on Iran War and Weak US Jobs Report

The S&P 500 Index ($SPX ) (SPY ) today is down -1.68%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.93%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.50%. March E-mini S&P futures (ESH26 ) are down -1.60%, and March E-mini Nasdaq futures...

Euronews

Which EU countries are most exposed to the LNG supply disruption?

Iranian attacks have led to the suspension of Qatari LNG production and major shipping disruptions through the Strait of Hormuz. Which EU countries could be the most affected?

Newslaundry

‘How can we believe he’s dead?’: As Gulf war traps Indian sailors, a family waits

Anshu last spoke to her husband on the night of February 28. Their five-year-old son was starting at a new school the next morning, and Captain Ashish Kumar had asked her to call him after the admission – let him know how it went.

The Times of India

Pakistan left with 26 days of fuel, may impose work-from-home as Strait of Hormuz crisis deepens

Pakistan is implementing major measures to ensure fuel stability amid trade slowdown due to the Strait of Hormuz closure. Proposals include weekly price revisions, compensation for increased oil company costs, and fuel conservation. The country is exploring alternative import routes and has substantial existing fuel stocks.

Barchart

Crude Oil Prices Surge as Iran War Upends Global Crude Flows

April WTI crude oil (CLJ26 ) on Thursday closed up +6.35 (+8.51%), and April RBOB gasoline (RBJ26 ) closed up +0.1560 (+6.20%). Crude oil and gasoline prices soared on Thursday, with crude posting a 19.5-month nearest-futures high and gasoline posting a 1.75-year high. Crude prices continue to climb as the...

The Conversation

Fertiliser costs are soaring amid war in the Middle East. Will your grocery bill follow?

Conflict between the United States, Israel and Iran has now led to the effective closure of the Strait of Hormuz, a key shipping route through which a fifth of the world’s oil passes.

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