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The Latest Breaking News from the Strait of Hormuz

Iran-US war latest: Oil prices rise as strikes continue and Trump says Tehran ‘afraid’ to admit to talks

China sees 'glimmer of hope' in US peace proposal even as Iran says it has 'no intention' of negotiating

The Independent UK

'Worth a tremendous amount of money': Trump claims Iran gave US 'big oil-and-gas-related present' amid hopes of talks

President Trump announced Iran delivered a "very big present", a significant oil and gas related concession, amid ongoing conflict negotiations. He described it as a "tremendous amount of money" and a "very significant prize" potentially linked to the Strait of Hormuz, signaling optimism for a deal despite Iranian denials of…

The Times of India

Iran Announces the Reopening of the Strait of Hormuz After Trump Revealed a Special Present

Iran to reopen Strait of Hormuz under conditions affecting two rival nations, announced after Trump revealed receiving a valuable gift from the country.

International Business Times UK

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Bahrain's UN proposal calling for 'all necessary means' to open Strait of Hormuz faces opposition

A U.N. Security Council resolution calling for countries to use “all necessary means” to keep the Strait of Hormuz open is facing some opposition for raising the possibility of U.N.-backed military action against Iran

The Independent UK

Trump claims Iran gave him a ‘prize’ related to oil and the Strait of Hormuz - that was ‘very significant’

Iran has called claims it is negotiating with the U.S. to end the war ‘fake news’ in recent days

The Independent UK

Britain ‘to host security summit’ in bid to reopen Strait of Hormuz

Britain has reportedly offered to host a security summit focused on reopening the Strait of Hormuz, a critical global shipping route. A British official told Politico that the UK aims to "build this coalition and develop momentum" to "open a route safe through the Strait of Hormuz, and provide that…

The Independent UK

Possible Fertilizer Shortage Sparks Short Covering in Cocoa Futures

May ICE NY cocoa (CCK26 ) today is up +29 (+0.91%), and May ICE London cocoa #7 (CAK26 ) is up +17 (+0.72%). Cocoa prices are moving higher today on light short-covering, spurred by concerns that the closure of the Strait of Hormuz will lead to a fertilizer shortage in...

Barchart

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Iran oil crisis has cost UK drivers £307m in higher fuel costs – analysis

Oil prices have soared to as much as 120 dollars a barrel in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz.

Evening Standard

Iran Reportedly Charging Millions To Ships To Go Through Strait Of Hormuz Citing Cost Of War

The Iranian regime is charging ship operators $2 million to allow them to go through the Strait of Hormuz, a key waterway through which about 20% of the world's energy goes through, citing the cost of the war with the U.S. and Israel, according to a new report.

Latin Times

Trump’s rising Iran War price tag

The Pentagon requests more than $200 billion for the war while the White House hasn't articulated a clear objective

Salon

Is the World Heading for an Energy Lockdown in 2026? Oil Prices, Blackouts, and What's Really Coming

The crisis stems from escalating conflict involving the United States, Israel, and Iran, with the Strait of Hormuz emerging as the critical choke point.

International Business Times UK

How popular tourist destinations outside of the Middle East are being affected by the Iran conflict

Many Asian countries are heavily reliant on oil that passes through the Strait of Hormuz, and some popular tourist destinations are now enacting measures to limit fuel consumption as the conflict enters its fourth week.

Euronews

Big ultimatum and then a pause: Why Trump shifted course on Iran & what happened in between

US President Donald Trump’s abrupt shift from a 48-hour ultimatum to a five-day pause on striking Iran’s energy infrastructure has exposed the competing pressures shaping Washington’s strategy in a rapidly escalating war. Just days after threatening to “obliterate” Iranian power plants if Tehran failed to reopen the Strait of Hormuz,…

The Times of India

US-Iran War Update: Could Trump's 'Strait of Hormuz Will Open Soon' Claim Signal a Peace Overture or a Bluff?

President Trump's potential peace move with Iran and its impact on the Strait of Hormuz. How this could affect global oil prices

International Business Times UK

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The Times of India

Weaponising Strait of Hormuz is 'economic terrorism': UAE minister warns of global fallout

Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC) said on Monday that weaponising the Strait of Hormuz is an act of 'economic terrorism' while highlighting the global consequences that affect far…

The Independent UK

Iran-US war latest: Oil prices fall after Trump offers ‘15-point’ peace plan and rules out Iran nukes

The Pentagon reportedly ordered about 2,000 soldiers from the 82nd Airborne Division to begin moving to the Middle East

The Conversation

How and why NZ could be drawn into the Iran war – and the high stakes involved

After three weeks of war in the Middle East, it is increasingly hard to predict what might happen next. But the prospect of a prolonged conflict has obvious and serious implications for New Zealand.

The Independent UK

Trump issues new Iran ultimatum amid threats to ‘annihilate’ Tehran

Donald Trump issued a five-day ultimatum to Iran, warning the nation it could be "annihilated" if a peace agreement with America was not reached. Donald Trump asserted that "very good and productive" discussions were underway to end the conflict. However, this claim was swiftly dismissed as "fake news" by the…

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Barchart

Stocks Sharply Higher as President Trump Seeks to End Iran War

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.15%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.22%. June E-mini S&P futures (ESM26 ) rose +1.14%, and June E-mini Nasdaq futures...

Barchart

Crude Oil Prices Plunge on Hopes of Peace Talks to End the Iran War

April WTI crude oil (CLJ26 ) on Monday closed down -10.10 (-10.28%), and April RBOB gasoline (RBJ26 ) closed down -0.3045 (-9.42%). Crude oil and gasoline prices gave up an overnight advance and plunged on Monday, with crude falling to a 1.5-week low and gasoline dropping to a 1-week low....

Fortune

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

The Conversation

Over 400 million barrels will be added to the oil market soon – what are strategic reserves and what can they do?

In the second week of the Iran war – with the Strait of Hormuz effectively closed, cutting off shipping of 20% of the world’s oil supply – the International Energy Agency announced the largest release of strategic oil reserves in history. Thirty-two countries will sell a combined 412 million barrels…

The Independent UK

Trump proposes extraordinary ‘joint leadership’ of Iran alongside ayatollah

The US president made the bizarre suggestion when speaking to reporters that both he and ‘the new ayatollah’ could also control the Strait of Hormuz

The Independent UK

Trump pauses bombing in Iran but Tehran says his claim of talks is ‘fake news’

Iran has denied the president’s claim of ‘very strong’ negotiations and says he is trying to ‘manipulate the financial and oil markets’

Barchart

Crude Oil Prices Sink as President Trump Backs Off Iran Threats

April WTI crude oil (CLJ26 ) today is down -11.30 (-11.50%), and April RBOB gasoline (RBJ26 ) is down -0.3374 (-10.49%). Crude oil and gasoline prices gave up an overnight advance and sold off sharply today, with crude falling to a 1.5-week low and gasoline dropping to a 1-week low....

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