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The Latest Breaking News from the Strait of Hormuz

Europe's response to the relentless surge in energy and fuel costs from the war in Iran

Brent crude topped €100 a barrel after the Strait of Hormuz was closed. With no unified EU response from Brussels, capitals are opting for tax cuts, price caps or simply delaying concrete action.

Euronews

Bessent promises Americans won’t face tax hikes to fund Trump’s war in Iran: ‘We have plenty’

Treasury secretary won’t say where Congress will find $200 billion for Iran war but says government has money to spare

The Independent UK

Why an Indian tanker threading the Strait of Hormuz is being read as the end of the U.S. global economic dominance

The world is moving forward.

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This ‘Alpha Male’ Stock Is Profiting as the Strait of Hormuz Remains Closed. Should You Buy It Now?

Frontline stock is gaining attention as tanker rates surge amid geopolitical disruption, creating a powerful but potentially cyclical opportunity.

Barchart

Trump to Iran: Open Hormuz in 48 hours or U.S. bombs power plants

A day earlier, Trump floated winding down the war.

Axios

Strait of Hormuz choked by war: Shipping plunges 95%, 20,000 seafarers stranded — All you need to know

Iran declared the Strait of Hormuz open to all except its "enemies," the US and Israel, following a 48-hour ultimatum from President Trump. The crucial waterway, vital for global oil, has seen a 95% drop in traffic due to escalating Middle East conflict, with thousands stranded and shipping costs soaring.

The Times of India

Warnings about Iran’s missile range exaggerated and UK is safe, says minister

Steve Reed would not be drawn on whether the Government backs President Donald Trump’s 48-hour deadline for Iran to open the Strait of Hormuz.

Evening Standard

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Iran threatens Middle East infrastructure after Trump ultimatum

Iran threatened on Sunday to attack key infrastructure across the Middle East if US President Donald Trump follows through on his vow to "obliterate" the Islamic republic's power plants unless the Strait of Hormuz swiftly reopens.

Radio France Internationale

The Latest: Trump says US will 'obliterate' Iran’s power plants if it doesn’t open Strait of Hormuz

President Donald Trump has warned that the U.S. will “obliterate” Iran’s power plants if it doesn’t fully open the Strait of Hormuz within 48 hours, prompting Tehran to say it would respond to any such strike with attacks on U.S. and Israeli energy and infrastructure assets

The Independent UK

'Almost exactly offsetting the boost': Higher gasoline prices this year could wipe out tax refunds from Trump's One Big Beautiful Bill Act

Prices at the pump are almost a dollar more per gallon than a month ago following the U.S. strike on Iran and are poised to tick up even higher as the Strait of Hormuz remains closed.

Fortune

After Trump’s 48-hour ultimatum, Iran says ships can pass Hormuz Strait — except ‘enemy’ vessels

Iran on Sunday said the Strait of Hormuz remains open to all shipping except that of its “enemies” - a reference to the United States and Israel—amid a 48-hour "ultimatum" from US President Donald Trump to "fully open" the crucial waterway, which carries about 20% of the global crude oil…

The Times of India

Iran threatens to retaliate after Trump gives 48-hour ultimatum to reopen Strait

US President Donald Trump said it would 'obliterate' Iran's power plants if it did not reopen the Strait of Hormuz in 48 hours. Iran threatened retaliation on US and Israeli energy infrastructure if its own became targeted.

Euronews

Strait of Hormuz on edge as Saudi Arabia opens King Fahd Air Base to US forces amid Iran tensions

Saudi Arabia has granted the US access to King Fahd Air Base amid escalating tensions with Iran. This strategic move aims to bolster regional security and safeguard vital shipping lanes, particularly the Strait of Hormuz, which faces critical threats. Western allies are framing this as a defensive measure to deter…

The Times of India

'If Iran doesn’t open Strait of Hormuz within 48 hrs ... ': Trump issues ultimatum to Iran

US President Trump has issued a stark ultimatum to Iran, demanding the immediate reopening of the Strait of Hormuz within 48 hours or face the obliteration of its power plants. Tehran's military has vowed retaliation, warning of attacks on US infrastructure if its energy facilities are targeted. This escalation comes…

The Times of India

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International Business Times

Trump Gives Iran 48-Hour Ultimatum: Open the Strait of Hormuz or Face Strikes on Power Plants

Trump threatened Saturday to "hit and obliterate" Iran's power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours. The ultimatum came as the U.S.-Israel war with Iran entered its fourth week and gas prices hit a nationwide average of $3.91 per gallon.

We Got This Covered

‘NATO IS A PAPER TIGER!’: America’s allies just missed a critical deadline, so Trump just issued a final ultimatum to European leaders

Ah, classic Trumpism: throw a tantrum when things don’t go your way.

The Times of India

Over 20 nations issue joint statement condemning Iran's de facto closure of Hormuz Strait

Over 20 nations have pledged support for safe passage through the Strait of Hormuz, condemning Iran's actions that have effectively closed the vital waterway. Citing attacks on commercial vessels and energy infrastructure, these countries emphasized freedom of navigation as a core international law principle.

The Times of India

Trumpiana: Yankee Doodle’s poodles go noodles!

Donald Trump expressed "epic fury" at NATO allies for refusing to join the Iran war, branding them "cowards" and warning "we will REMEMBER!" He threatened to wind down U.S. military efforts in the Middle East, stating the U.S. was close to its objectives and that the Strait of Hormuz would…

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Barchart

2 Top Defense Stocks to Buy Now as the Military Works to Reopen the Strait of Hormuz

These two large defense contractors have strong, positive catalysts and attractive valuations.

Radio France Internationale

US strikes Iran bases threatening blocked Hormuz oil route

The US military declared on Saturday it had damaged an Iranian bunker housing weapons threatening oil and gas shipments in the Strait of Hormuz, as thousands of Iranians marked Eid al-Fitr with prayer.

Fortune

The Strait of Hormuz is the fourth large supply shock this decade. Welcome to the new era of global disorder

The Fed keeps calling these events bad luck. They aren't.

The Independent UK

Trump’s war in Iran threatens to cause an economic shock – but which countries will be worst hit?

IN DEPTH: The economic aftershocks of Trump’s war are starting to be felt around the world, with analysts warning that a surge in energy prices will drive inflation and a rise in household bills. Experts tell Bryony Gooch that certain countries are particularly vulnerable to the impact

Fortune

Three weeks into the Iran war that's requested $200 billion, here’s what success for Trump might look like

The top priority remains reopening the Strait of Hormuz after the military offensive achieves enough success to weaken Iranian capabilities.

The Times of India

US can 'take out' Iran's Kharg Island at any time, warns White House

The White House stated the US military can "take out" Iran's Kharg Island at any time if President Trump orders it, following reports of potential occupation or blockade plans. This comes as the U.S. deploys additional Marines to the Middle East amid an effective Iranian blockade of the Strait of…

International Business Times UK

Chuck Norris Death Update: Why He Was 'America's Last Chance' to Open the Strait of Hormuz

Explore the life and legacy of Chuck Norris, the martial arts legend and actor, who passed away at 86. Discover his global impact and the heartfelt tributes from fans and world leaders.

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