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The Latest Breaking News from the Strait of Hormuz

Crude Oil Price Today (June 15): Oil hits March lows, down 4% as US, Iran agree peace deal. What are experts saying?

Brent Crude oil price : Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel, while U.S. West Texas Intermediate crude declined $4.01, or 4.72%, to $80.87. Both benchmarks had already fallen more than 3% on Friday.

The Economic Times

Indian LNG tanker crosses Strait of Hormuz as US-Iran deal lifts reopening hopes

An LNG tanker has successfully navigated the Strait of Hormuz. This marks a significant step following a peace agreement between the United States and Iran. The waterway's reopening is crucial for global energy supplies. India, a major importer, anticipates relief. Traders and shipowners are closely monitoring the situation for a…

The Economic Times

US and Iran agree to 'immediate' end of military operations in memorandum of understanding

US and Iran agreed to an “immediate and permanent” end to military operations under a surprise memorandum of understanding announced via mediator Pakistan on Sunday, with both sides confirming a signing ceremony in Switzerland. The agreement includes plans to reopen the Strait of Hormuz, ease sanctions and begin further negotiations…

France 24

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A tentative deal is reached to end the Iran war and Trump orders a stop to the US naval blockade

The United States and Iran have reached an initial agreement to end the war and reopen the Strait of Hormuz

AAP

Nukes, crude sanctions & frozen assets: Inside the 14-point US-Iran peace agreement

A draft agreement between Iran and the United States has reportedly surfaced. This framework could unlock 24 billion dollars in frozen Iranian assets. Sanctions on Iran's energy sector may be eased. The Strait of Hormuz could reopen. Broader negotiations are expected to follow this initial understanding.

The Economic Times

Deal on ending the Iran war sends stocks soaring while oil prices fall

Shares have soared in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz

AAP

Gold rises 2% after US, Iran reach peace deal

Gold prices surged 2% as U.S. and Iran officials announced a preliminary deal to end their conflict, leading to lower oil prices and easing inflation concerns. The agreement, set to be signed Friday, also includes reopening the Strait of Hormuz, making bullion cheaper for foreign buyers and reducing expectations of…

The Economic Times

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World stocks surge, oil slides on US-Iran deal

World share markets have rallied hard as a framework peace deal between the United States and Iran promises to ease inflationary pressures globally.

AAP

Trump warns of renewed strikes on Iran if nuclear talks fail, says US could become ‘guardian of the Middle East’

President Trump has warned Iran of renewed military action or a significant financial demand if a nuclear deal isn't reached. He asserted his agreement would ensure free passage through the Strait of Hormuz, claiming he'd protected Israel from nuclear threats despite Israeli objections.

The Economic Times

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement, brokered by Pakistan, includes ending a U.S. naval blockade and aims to restore oil flows, unwinding geopolitical risk premiums. Further negotiations on…

The Economic Times

The Six Key Things the US and Iran Agreed in Their Peace Deal — From Nuclear Dismantlement to the Strait of Hormuz

The US and Iran have reached a pivotal agreement to end their conflict, focusing on nuclear dismantlement and reopening the Strait of Hormuz, with Pakistan playing a crucial mediation role.

International Business Times UK

US, Iran reach deal to end war, signing set for Friday

DUBAI/WASHINGTON - US and Iranian officials said on Sunday they have agreed on a peace framework for a deal to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz, possibly leading to lower energy prices once oil shipments resume through the critical waterway.

Bangkok Post

Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

Pakistan announced that the U.S. and Iran reached an agreement to end the war and open the Strait of Hormuz

AAP

US and Iran reach deal to end war, Trump says Strait of Hormuz to open on Friday

The United States and Iran have agreed on a peace framework aimed at ending the conflict, lifting the U.S. blockade of Iran and reopening the Strait of Hormuz, a key global oil shipping route. U.S. President Donald Trump said the deal is complete, while Pakistan Prime Minister Shehbaz Sharif said…

The Economic Times

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AAP

Fuel tax decision imminent after US-Iran peace deal

The federal government is weighing up whether to continue offering motorists discounted petrol and diesel amid hopes of an end to the US-led war in Iran.

Fortune

Markets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and 'I never cared about regime change'

“Deal with the Islamic Republic of Iran is now complete. Congratulations to all!"

Evening Standard

Starmer says Strait of Hormuz must stay open after Iran-US peace deal announced

Shehbaz Sharif, the prime minister of Pakistan, which has been mediating in the conflict, said the accord covered Lebanon.

Evening Standard

Trump says Strait of Hormuz to reopen as US and Iran agree peace deal

Britain and France have expressed interest in assisting with demining the Strait of Hormuz once the conflict is paused.

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The Independent UK

Hegseth insists US had control of Strait of Hormuz all along – despite shipping freeze that has impacted global economy

Defense secretary claims U.S. is ‘ready’ to push Iran to reopen the Strait of Hormuz fully once deal is signed

Fortune

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole

Hegseth said the U.S. naval blockage in Iran is "impenetrable" and 125 million barrels of oil have now exited the Gulf, "showing that we control the strait."

The Times of India

'Won't tolerate fire directed at its territory': Israel strikes Beirut following Hezbollah attack

Israel conducted air strikes on southern Beirut, targeting Hezbollah infrastructure in retaliation for rocket fire into northern Israel. This escalation occurs as US and Iran inch closer to a potential ceasefire agreement, with Qatari mediators in Tehran to finalize talks. The deal, expected soon, could halt regional conflict and reopen…

Bangkok Post

Iran says draft US deal includes oil sanctions waiver, nuclear limits, asset release

DUBAI - A senior Iranian official told Reuters a final draft of the memorandum of understanding with the US covered a range ‌of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and US waivers on oil sanctions, with a final deal to be discussed in the 60…

The Economic Times

Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

US-Iran war: Tehran and the United States are in talks over a draft memorandum. This agreement could lead to the immediate reopening of the Strait of Hormuz for all commercial ships. Iran would also dilute its enriched uranium stockpile within 60 days. In return, the US would lift oil sanctions…

The Times of India

Iran to immediately open Hormuz, US to lift Naval blockade: Draft deal details emerge

A draft memorandum between Iran and the US reportedly includes Iran's commitment to not produce nuclear weapons and reopening the Strait of Hormuz. The US would lift its naval blockade and provide sanctions relief, including releasing frozen Iranian assets. Both sides are expected to finalize implementation details in the coming…

Bangkok Post

US, Iran inch closer to deal, timing remains unclear

WASHINGTON/DUBAI - US and Pakistani leaders forecast a Sunday signing of a long-elusive ‌framework agreement to end fighting between the United States and Iran, but Tehran cast doubt over the timing and hardline protesters in Iran voiced opposition.

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