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The Latest Breaking News from the Strait of Hormuz

US launches ‘wave of strikes’ on Iran, Tehran threatens to halt regional energy exports

The US military on Wednesday launched rare daytime attacks on Iran, including a 90-minute wave of strikes, as it reimposed a naval blockade on Iranian ports. Tehran responded with strikes on “US military targets” in Gulf states and threatened to halt energy exports in the region.

France 24

Why the US is launching naval drones at Iran’s port city of Bandar Abbas

The US has pounded Iran’s southern port city of Bandar Abbas since Tehran and Washington renewed missile strikes last week, including an unprecedented sea drone attack on a submarine maintenance facility. We take a look at why this city of more than half a million people has become a prime…

France 24

Crude Oil Prices Erase Early Gains on a Bearish EIA Inventory Report

August WTI crude oil (CLQ26 ) today is down -0.54 (-0.68%), and August RBOB gasoline (RBQ26 ) is up +0.0206 (+0.64%). Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance and turned lower today on a bearish weekly EIA inventory report. Crude prices initially...

Barchart

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Trump's 20% Shipping Fee Plan in Hormuz Collapses Less Than One Day After Announcement

Trump's 20% Hormuz shipping fee collapsed in less than a day after Gulf allies intervened, reviving debate over Trump's negotiating style as tensions with Iran escalated.

International Business Times UK

Donald Trump is running out of options in Iran

Serious hostilities between the US and Iran have resumed. On July 8, Donald Trump said that the ceasefire agreed by the two countries in June was “over”. Since then, he has ordered the US military to carry out intensive airstrikes on Iran and has reimposed an economic blockade of the…

The Conversation

US reports 'wave of strikes' on Iran as war returns

The United States initiated strikes against Iran after reimposing a naval blockade. Iran's Revolutionary Guards reported targeting the US Fifth Fleet in Bahrain. President Donald Trump threatened wider strikes unless Tehran negotiates peace. Tensions remain high over the Strait of Hormuz, a vital oil transit route.

The Economic Times

US resumes daylight strikes on Iran as tensions escalate over Strait of Hormuz

US Central Command said it has resumed daylight strikes on Iran, targeting coastal defences and missile sites. Tehran has reported casualties as tensions rise over a renewed blockade threat, calls for retaliation and the ongoing dispute over the Strait of Hormuz.

Euronews

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'Launched precision munitions': US targets coastal defence systems, missile launch sites on Greater Tunb Island in fresh Iran strikes

United States Central Command forces launched new strikes against Iran on Wednesday. These strikes aim to degrade Iran's military capabilities used against commercial shipping. Earlier, CENTCOM completed another round of attacks on Iranian targets near the Strait of Hormuz. The United States resumed a naval blockade against vessels transiting to…

The Times of India

Massive escalation or back to talks? The four options Trump has left on Iran

IN FOCUS: The US is failing to wear down Iran with strikes around the Strait of Hormuz and making no progress to resolve the conflict through diplomacy. James C. Reynolds reviews the options available to Trump

The Independent UK

Family of missing Indian sailor confirms he is dead after attack on ship in Strait of Hormuz

Sailor’s family says they are awaiting his remains to complete his last rites

The Independent UK

Trump threatens Iran with more bombing as U.S. missile stockpiles decline, the Strait of Hormuz slams shut, and there’s no endgame in sight

Everything you need to know before you reach the office this morning.

Fortune

Iran threatens to cut off vital seaways in response to Trump's renewed blockade

After closing the Strait of Hormuz, Tehran on Wednesday threatened to shut additional energy export routes including the Bab el-Mandeb gateway to the Red Sea, a major global shipping route through which Saudi Arabia exports its oil. The warning comes after the US launched a fresh round of strikes on…

France 24

Iran reports fresh US strikes in return to war

TEHRAN — Iran reported fresh US strikes Wednesday on a port city that is home to the country's only civilian nuclear plant, as Washington reimposed a naval blockade in a return to war between the foes.

Bangkok Post

Mohamed El-Erian Predicts Gas Prices Will Hit $4 a Gallon by the End of the Month as GOP Blames Democrats' Clean Energy Strategy

Economist Mohamed El-Erian has warned that the national average price of gas in the U.S. will hit $4/gallon by the end of July amid escalations between the U.S. and Iran, as well as uncertainty over the Strait of Hormuz.

Benzinga

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Benzinga

Trump Warns US Will Continue Iran Strikes, Save Energy Targets for Last as He Touts Alaska, Texas Alternatives

President Donald Trump said on Tuesday that the U.S. will continue its strikes in Iran into the coming week, warning that it will hit the country “very hard” as tensions escalate over the movement of ships in the Strait of Hormuz.

Benzinga

Trump Hails Military as 'Oil Is Flowing Like Never Before'—Data Shows 10% of Global Refining Capacity Is Offline

President Donald Trump declared that “Oil is flowing like never before” due to United States military efforts keeping the Strait of Hormuz open.

The Economic Times

Indian seafarer missing after Oman vessel attack dead, family says

An Indian national is confirmed dead after an attack on a commercial vessel near Oman. Ten other Indian sailors aboard the ship were rescued following the incident. India lodged a strong protest with Iran over recent attacks in the Strait of Hormuz. These attacks have heightened concerns for merchant vessels…

The Independent UK

Oil prices rise above $85 as US strikes Iran for second night

US Central Command says forces struck missile and drone facilities, naval assets and coastal defence systems in Iran overnight

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International Business Times UK

Trump's Hormuz Toll Gamble Ends Quickly: 20% Fee Abandoned After Single Day in Power Play

President Trump has reversed his proposal for a 20% toll on cargo through the Strait of Hormuz, following appeals from Gulf allies, opting instead for expanded trade and investment deals

Radio France Internationale

United States launches new Iran strikes and reimposes naval blockade

The United States carried out strikes against Iran for a fourth day running on Tuesday and reimposed a naval blockade to prevent ships from sailing to or from the country's ports.

Benzinga

Trump Abandons 20% Strait of Hormuz Fee, Says Gulf States Will Make 'Record' Investments in the US as CENTCOM Reaffirms Naval Blockade

President Donald Trump has abandoned the idea of imposing a 20% fee on all vessels traveling through the Strait of Hormuz after floating the idea on Monday, demanding compensation in exchange for safe passage through the waterway.

The Economic Times

Crude shipments from Saudi Arabia's Yanbu port near maximum levels amid Houthi tensions

Saudi Arabia is maximizing oil exports through its Yanbu port this week. Increased loadings at Yanbu reflect rising tensions with Yemen's Houthi militia. The kingdom is also considering pipeline expansion to bypass the Strait of Hormuz. Shipments from Yanbu have averaged over four million barrels daily recently. Concerns exist that…

The Economic Times

Handful of vessels crossing Hormuz as US blockade takes effect

A few ships passed through the Strait of Hormuz on Wednesday. This occurred hours after the United States resumed its naval blockade of Iran.

The Economic Times

'Region's oil and gas exports are either for everyone or for no one': IRGC warns after claiming strikes on US 5th fleet base in Bahrain

Iran's IRGC warned of targeting oil routes for US allies after striking a naval base. The force claimed destruction of command centers and fuel tanks at the base in Bahrain. US forces conducted strikes on Iranian military targets near the Strait of Hormuz. These strikes aimed to degrade Iran's ability…

Euronews

Iran launches strikes on neighbours as Trump threatens to hit power plants

Tehran's attack comes as the US military carried out a fourth night of strikes against Iran after President Donald Trump reinstated its blockade of Iranian shipping around the strait of Hormuz.

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