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The Latest Breaking News from the Strait of Hormuz

White House signals Trump is weighing new strikes on Iran, and other developments in the Middle East

President Trump considers new strikes on Iran as tensions escalate in the region. Iran fired drones at Kuwait and struck oil tankers in the Strait of Hormuz. Hamas confirmed disarming as part of a potential Gaza war-ending deal. Saudi Arabia announced a 14-country defense alliance to strengthen maritime security. Israeli…

The Economic Times

Supply Disruptions Underpin Crude Oil Prices

September WTI crude oil (CLU26 ) on Friday closed up +1.08 (+1.29%), and September RBOB gasoline (RBU26 ) closed down -0.0171 (-0.55%). Crude oil and gasoline prices settled mixed on Friday. Crude oil rose sharply due to threats to global supplies with disruptions in the Strait of Hormuz and the...

Barchart

Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector

Chevron posted Q2 2026 earnings of $12.1 billion as elevated Brent crude and strong refining margins boosted results, but the stock struggled to rally as gains appeared already priced in.

MarketBeat

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Trump says Iran attacks could continue for weeks: ‘We just want to win’

President Donald Trump has signaled that attacks on Iran could continue for weeks, further diminishing hopes for a quick deal to end the conflict. At a Cabinet meeting at Camp David on Friday, Trump was asked how the US can revive the ceasefire after relentless attacks by both sides over…

The Independent UK

Crude Oil Prices Climb as Global Supplies Are Disrupted

September WTI crude oil (CLU26 ) today is up +1.65 (+1.97%) on Thursday, and September RBOB gasoline (RBU26 ) is down -0.0103 (-0.33%). Crude oil and gasoline prices are mixed today. Crude oil is sharply higher due to threats to global supplies with disruptions in the Strait of Hormuz and...

Barchart

Oil Price Today (July 31): Crude oil extends fall to $88. What’s behind the decline amid Iran war?

Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defense ministry said 14 countries, including Turkey, Pakistan, Egypt, Sudan and Djibouti, had issued a joint statement backing the proposed maritime security alliance.

The Economic Times

Trump let ships sit in the Strait of Hormuz for months. They now might be ‘superspreaders’

Scientists say no other shipping disruption has left so many ships idle in modern history — opening the door for potential environmental risks

The Independent UK

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Defining a ‘normal’ country: Japan’s long struggle between pacifism and the threats of a new era

When Japanese Prime Minister Sanae Takaichi visited the White House in March, she reportedly told US President Donald Trump that Japan could not send forces to help secure the Strait of Hormuz due to limits under the country’s constitution.

The Conversation

Crude Oil Prices Drop on Increased Traffic Through Strait of Hormuz

September WTI crude oil (CLU26 ) closed down -0.87 (-1.03%) on Thursday, and September RBOB gasoline (RBU26 ) closed down -0.0945 (-2.93%). Crude oil and gasoline prices gave up an overnight advance and settled lower on Thursday in hopes of a diplomatic solution to the US-Iran war. Crude prices also...

Barchart

US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict

The United States and Iran exchanged missile strikes, escalating regional conflict. Jordan and Kuwait reported intercepting Iranian missiles and a deadly strike respectively. Drone attacks caused fires on ships at an Egyptian port this week. The ongoing war has significantly impacted global fuel prices and the economy. Diplomatic efforts continue…

The Economic Times

Crude Oil Prices Slip on Ongoing US-Iran Negotiations

September WTI crude oil (CLU26 ) today is down -0.16 (-0.19%), and September RBOB gasoline (RBU26 ) is down -0.0740 (-2.29%). Crude oil and gasoline prices gave up an overnight advance and turned lower on hopes for a diplomatic solution to the US-Iran war, along with signs of increased oil...

Barchart

QatarEnergy-controlled LNG tanker exits Hormuz, first in nearly three weeks

A QatarEnergy LNG tanker exited the Strait of Hormuz, the first since July 11. Ship transits through the Hormuz waterway increased on Wednesday from previous days. Commodity ship traffic through the Bab el-Mandeb strait slowed down on Wednesday. Crude loadings from Yanbu fell significantly after a Houthi blockade was declared.

The Economic Times

Oil Price Today (July 30): Crude oil dips below $90 after 8% surge on Wednesday. Here’s why

Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel.

The Economic Times

Oil prices slip as tankers continue to ply Middle East conflict zones

Oil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impacting regional stability. Thirty-nine commodity ships passed through the Bab el-Mandeb strait into the Red Sea. Iran has ruled out an Omani proposal for regional joint management of…

The Economic Times

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Barchart

Crude Oil Prices Surge as US-Iran Conflict Looks to Drag On

September WTI crude oil (CLU26 ) on Wednesday closed up +5.20 (+6.56%), and September RBOB gasoline (RBU26 ) closed up +0.0815 (+2.59%). Crude oil and gasoline prices rallied sharply on Wednesday amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated...

Evening Standard

Strait of Hormuz shipping hits ‘crisis-era lows’ as conflict risks spreading

The renewed hostilities in the Middle East lead Donald Trump to issue a foul-mouthed warning to Iran.

The Economic Times

Brent crude jumps 7%, climbs over $90 on escalating Middle East strikes

Oil prices surged significantly amid renewed Middle East airstrikes and supply concerns. U.S. crude inventories dropped to a multi-year low, further impacting market sentiment. Military actions in the Strait of Hormuz and surrounding regions contributed to price volatility. Analysts predict oil prices will fluctuate within a broad range in the…

LiveScience

Biological 'superspreader' event could be imminent as more than 1,000 ships idle in the Strait of Hormuz, scientists warn

The prolonged closure of the Strait of Hormuz may pose significant biosecurity hazards as well as economic impacts, with potentially devastating consequences for global ecosystems and human health.

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Barchart

Crude Oil Prices Soar as US-Iran Tensions Escalate

September WTI crude oil (CLU26 ) today is up +5.31 (+6.70%), and September RBOB gasoline (RBU26 ) is up -0.0802 (+2.55%). Crude oil and gasoline prices are soaring today amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated after President...

Euronews

Houthis to copy Iran's Hormuz playbook with Red Sea toll plan

Yemen's information minister said intelligence confirmed IRGC advisers were directly involved in designing a Houthi-enforced toll system for the Bab el-Mandeb, mirroring Iran's contested claim to charge fees in the Strait of Hormuz.

Euronews

Iran rejects Hormuz deal and launches surprise strike on US forces in Jordan

Tehran rejected an Omani proposal to divide the strait equally and declared Hormuz would "never return to its prewar situation," hours before the IRGC launched multiple ballistic missiles at US forces in Jordan in what CENTCOM called an attempted surprise attack.

International Business Times

Iran Is Seeking To Charge Tolls For Passage Through The Strait Of Hormuz. The Houthis Will Reportedly Seek To Do The Same

Iran-backed Houthi rebels are considering charging fees for passage through the Red Sea, following Iran's intention to pursue such a move, according to a new report.

The Independent UK

How the Strait of Hormuz closure could lead to the spread of invasive species

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The Economic Times

Iran rules out Oman's proposal for regional joint management of Hormuz Strait, senior Iranian official tells Reuters

Iran has rejected Oman's proposal for joint management of the Strait of Hormuz. A senior Iranian official stated the plan has no chance of success. The official added that the US and Saudi Arabia are pressuring Oman. They are trying to advance their unrealistic plans for the strategic waterway. Tehran…

The Independent UK

Iran-US war latest: Trump resumes ‘heavy waves of strikes’ on Iran after vowing to avenge surprise missile attack

Iran targeted US bases in Jordan and claims to have struck three tankers in Strait of Hormuz

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