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The Latest Breaking News from the Strait of Hormuz

'Brexit did deep damage': Keir Starmer vows closer ties with Europe amid Iran war cost of living crisis

The Prime Minister insisted he would not change his position on Britain's involvement with the US-Israeli war against Iran despite “pressure” from Donald Trump

Evening Standard

Starmer to update on cost of living as Iran conflict pushes diesel tank to £100

Prime Minister Sir Keir Starmer is due to speak at a press conference later on Wednesday morning.

The Independent UK

Donald Trump Says US Will 'Leave Very Soon' and Officials Admit Strait of Hormuz Reopening Isn't Guaranteed

US President Trump says US forces may leave Iran soon, while officials warn reopening the Strait of Hormuz is not guaranteed

International Business Times UK

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Controlling the Strait of Hormuz is the top priority in Iran and Trump may abandon it. Here’s what that would look like

Ceding control of the Strait of Hormuz would represent a U.S. defeat worse than Vietnam, one critic said.

Fortune

Stocks Surge on Signs the US and Iran Seek to End War

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +2.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +2.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.43%. June E-mini S&P futures (ESM26 ) rose +2.88%, and June E-mini Nasdaq futures...

Barchart

Trump Tells U.K. and Other Allies to 'Get Your Own Oil' as Strait of Hormuz Crisis Deepens

President Donald Trump lashed out at European nations like Britain and France, telling countries struggling with fuel shortages to "get your own oil" as the Strait of Hormuz remains severely disrupted.

International Business Times

Crude Oil Prices Retreat on Hopes the Iran War is Near an End

May WTI crude oil (CLK26 ) on Tuesday closed down -1.50 (-1.46%), and May RBOB gasoline (RBK26 ) closed down -0.0559 (-1.71%). Crude oil and gasoline prices gave up an early advance on Tuesday and settled sharply lower on hopes that the war in Iran is near an end. Crude...

Barchart

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Can Algeria's gas save the old continent from the Strait of Hormuz?

Algeria is acting as a "safety valve" for Europe, but cannot fully compensate for the loss of Qatari supply, energy expert Hashem Akl told Euronews.

Euronews

American brute force has failed in Iran – diplomacy must now resume

THE INDEPENDENT VIEW: Editorial: Donald Trump’s declaration that his Western allies must secure the Strait of Hormuz and get oil supplies going again is a cynical exercise in face-saving – and, Mr President, we will remember

The Independent UK

Marco Rubio discovering consequences in real time after Iran does what it promised: ‘That’s not going to be allowed’

Secretary of State Marco Rubio recently made it clear that the US won’t tolerate Iran’s threats to control the Strait of Hormuz, asserting that President Donald Trump has plenty of options to prevent such a move. Rubio, during an appearance on Good Morning America, delved into the US–Israeli war on…

The Mary Sue

After a Record Bull Run, Is the Cattle Market Headed for Collapse?

Our Senior Market Analyst discusses misleading media coverage, monster-sized cows, and why the Strait of Hormuz could be the ‘last straw’ for US beef demand.

Barchart

Crude Oil Prices Rally as Strait of Hormuz Remains Closed

May WTI crude oil (CLK26 ) today is up +0.91 (+0.88%), and May RBOB gasoline (RBK26 ) is up +0.0178 (+0.56%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 3-week high after President Trump said he is willing to end the US military campaign...

Barchart

Stocks Climb on Hopes for an End to Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +1.10%, and June E-mini Nasdaq futures...

Barchart

Watch Pete Hegseth take swipe at ‘big bad Royal Navy’ in latest insult to allies over Iran war

Pete Hegseth took a swipe at the "big bad Royal Navy" in the Trump administration's latest insult to the US's allies, as he called for Britain and other nations to join the effort to reopen the Strait of Hormuz to global shipping traffic.

The Independent UK

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Euronews

Strait of Hormuz shutdown: What implications for Europe, for how long and how high can prices go?

The closure of the Strait of Hormuz is rattling global markets, sending energy prices soaring and fuelling fears of supply shortages. Euronews explains:

The Conversation

After the Iran war: 5 possible outcomes and 4 ways Canada can flex its middle-power muscle

The bombing in Iran and the broader Middle East will eventually cease. United States President Donald Trump keeps hinting about a possible end to hostilities and the U.S. has sent a 15-point peace proposal to Pakistan.

Barchart

Stocks Rally as President Trump Considers Ending Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.45%. June E-mini S&P futures (ESM26 ) are up +1.48%, and June E-mini Nasdaq futures...

Barchart

Kevin O’Leary Is Rooting for a Possible ‘Game-Changer’ Move to End Iranian Control of the Strait of Hormuz: $70 Oil in Store

Kevin O'Leary's ideal solution to return to cheaper gas prices would be easier said than done.

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Axios

Trump attacks allies, signals Iran war may end without opening Hormuz

Trump lashed out at the U.K. and France on Truth Social.

The Times of India

'Trump doesn't bluff': Pentagon chief warns Iran, says US wants deal but 'prepared to continue with bombs'

Pentagon chief Pete Hegseth declared upcoming days "decisive" in the Middle East conflict, warning Iran to "cut a deal" as President Trump "doesn’t bluff." He emphasized shifting power dynamics and US options, urging Tehran to relinquish ambitions and reopen the Strait of Hormuz. Escalation continues with recent attacks impacting oil…

The Times of India

'Get your own oil': Trump mocks UK, other countries amid Iran chokehold on Hormuz; slams France for being 'unhelpful'

US President Donald Trump criticised its allies stating that the countries facing jet fuel shortages due to Iran's control of the Strait of Hormuz should source their own oil. Trump also accused France of being unhelpful regarding Iran as tensions are escalating in the Middle East, impacting global oil prices.

The Independent UK

Trump tells UK ‘go get your own oil’ and warns that the US ‘won’t help you any more’ in latest tirade over Iran war

US president tells Keir Starmer to get some ‘courage’ and and ‘take’ fuel from the Strait of Hormuz

The Independent UK

Gate of Tears: How key shipping route Bab al-Mandab became next front in the US-Iran war

The Bab al-Mandab strait has been a vital passage for Saudi Arabia since the closure of the Strait of Hormuz

The Independent UK

Keir Starmer to chair Cobra meeting over costs to households from Iran war

Sir Keir Starmer is set to chair a Cobra crisis committee meeting to address the impact of the war in Iran on UK households. Average energy bills are forecast to rise by almost £300 from July, reaching £1,929, despite a temporary fall in April due to green subsidy removal. Motorists…

Axios

U.S. average gas price hits $4 a gallon

There's little hope that costs will ease as the Strait of Hormuz remains closed to most ships, straining supplies worldwide.

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