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The Latest Breaking News from the Strait of Hormuz

Iran considers allowing oil tankers to pass through the Strait of Hormuz - but there is a condition

Iran is considering allowing a limited number of oil tankers to pass through the strategic Strait of Hormuz, provided that the oil cargo is traded in Chinese yuan, CNN reported quoting an Iranian official.

The Times of India

Trump boasts US ‘totally obliterated’ targets in massive strike on Iran’s Kharg Island

The president said American forces struck Kharg Island – which handles most of Tehran’s oil exports – and warned he could still destroy its energy infrastructure if Iran interferes with ships in the Strait of Hormuz

Evening Standard

Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in

Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.

Fortune

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read the most diverse news in one place.

Why Iran Suddenly Allowed Indian LPG Ships Through Hormuz

Sometimes the biggest global crises are solved quietly. No headlines. No dramatic announcements. Just a few urgent phone calls between world leaders. But behind those conversations, decisions are made that affect millions of everyday lives. Recently, something similar happened when Iran allowed two Indian LPG carriers to pass through the…

MyLifeXP

TV Newsance 336 | LPG shortages hit kitchens across India, yet TV media says ‘no crisis'

This week on TV Newsance, we track the fallout of a world on fire as the Iran-Israel-US conflict enters its second week of devastation. With oil facilities in flames and Iranian skies choked by soot, the images coming out are nothing short of apocalyptic. Following the closure of the Strait…

Newslaundry

Iran-US war latest: Dubai shuts airport as Trump warns Nato faces ‘bad future’ if allies don’t help open Strait of Hormuz

The US president said it is only appropriate that those who benefit from oil coming through the waterway help to free it

The Independent UK

The Latest: Trump threatens Iran's oil infrastructure after US bombs island military sites

President Donald Trump says the U.S. destroyed military sites on an island vital to Iran’s oil network and warned that the island’s oil infrastructure could be next if Iran continues to interfere with the passage of ships through the Strait of Hormuz

The Independent UK

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US bombs military sites on Iranian island as Trump threatens its oil infrastructure

The Independent UK

Watch: Donald Trump shares 'unclassified' video of US bombing Iran's crucial oil hub Kharg Island

US President Donald Trump announced a major bombing raid on Iran's Kharg Island, sharing "unclassified" aerial footage. While claiming military targets were obliterated, Trump stated oil infrastructure was deliberately spared, warning of reconsideration if shipping through the Strait of Hormuz is threatened. Iran confirmed strikes but denied any infrastructure damage.

The Times of India

'White House now begging India': Iran FM Araghchi mocks US U-turn on Russian oil

Iran's foreign minister Araghchi slammed the US for pressuring India to stop Russian oil imports, only to now "beg" for such purchases. He also criticized Europe's stance on the Ukraine conflict. Meanwhile, Iran assured safe passage for Indian vessels through the Strait of Hormuz, highlighting strong India-Iran ties and shared…

The Times of India

Rachel Reeves vows to support households with rising energy costs as Middle East crisis hits oil prices

Reeves has pledged to support those battling with escalating energy bills amid the Middle East crisis

The Independent UK

'Totally obliterated': Trump announces US strike on Iran’s military targets at Kharg Island; spares oil infra

President Trump announced the US conducted a powerful bombing raid on Iran's Kharg Island, destroying military targets while sparing oil infrastructure. This action follows Iran's interference with shipping in the Strait of Hormuz and escalates the conflict involving the US, Israel, and Iran.

The Times of India

Trump’s bold promises for Hormuz collapse after one devastating truth from his own administration

The United States military isn’t ready to escort oil ships through the Strait of Hormuz, according to a top official in President Donald Trump’s administration, directly contradicting earlier suggestions from the president. This news comes as Iran continues to effectively block the crucial waterway, causing oil prices to surge worldwide.

The Mary Sue

Why the US is sending assault ship USS Tripoli, thousands of marines to the Middle East and what it means for Iran vs Israel war

The US is significantly expanding its military presence in the Middle East, deploying thousands of Marines and the amphibious assault ship USS Tripoli amid escalating tensions with Iran. This move aims to deter further Iranian aggression, protect vital shipping lanes like the Strait of Hormuz and provide the US with…

The Times of India

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Barchart

Iran War Drags Stocks Lower

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.61%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.62%. March E-mini S&P futures (ESH26 ) fell -0.60%, and March E-mini Nasdaq futures...

Barchart

Crude Oil Prices Rally as Iran War Disrupts Global Supplies

April WTI crude oil (CLJ26 ) on Friday closed up +2.98 (+3.11%), and April RBOB gasoline (RBJ26 ) closed up +0.0768 (+2.59%). Energy prices settled sharply higher on Friday amid news headlines that whipsawed prices. Crude prices recovered from early losses and rallied sharply on Friday after the Wall Street...

We Got This Covered

Scott Bessent vanished mid-interview to respond to the Strait of Hormuz crisis. Then he declared Donald Trump is in ‘great spirits’

Everything seems to be going fine!

Evening Standard

Vietnam War ghost rises over Trump as he sends thousands of US Marines to Middle East for Hormuz Strait battle

US military to deploy more forces to the region, as Iran continues to disrupt shipping and send oil prices soaring

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The Independent UK

UK food prices could spike as fertiliser supplies at risk due to Iran war

National Farmers Union warns against farmers 'becoming collateral damage' in Trump's war on Iran

Axios

Pentagon sends USS Tripoli, thousands of Marines to Middle East

The extra forces come as Iran continues to block traffic through the Strait of Hormuz.

The Independent UK

Oil prices hit $103 per barrel despite Trump easing some Russian sanctions

Analysts estimate about 125 million barrels of Russian oil are currently being shipped

International Business Times UK

Inside Iran's 'Missile City': Regime Displays Massive Naval Suicide Drone Arsenal

Iran's IRGC has released footage of an underground 'missile city' brimming with suicide drone boats and missiles aimed at the Strait of Hormuz.

Fortune

The Strait of Hormuz is an Iranian 'kill box,' preventing the U.S. Navy from securing it right now and letting tankers pass through freely

"Iran has extensive tunnel networks to protect and launch such vessels surreptitiously, including midget submarines and other submersibles useful for mine laying."

Barchart

Crude Oil Prices Underpinned as Iran War Rages On

April WTI crude oil (CLJ26 ) today is up +0.14 (+0.15%), and April RBOB gasoline (RBJ26 ) is up +0.0216 (+0.73%). Energy prices are moving higher today as news headlines whipsaw prices. Today's rally in the dollar index ($DXY ) to a 3.5-month high is weighing on crude prices. Also,...

Barchart

Stocks Erase Early Gains on Iran War Anxiety

The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.30%. March E-mini S&P futures (ESH26 ) are down -0.19%, and March E-mini Nasdaq futures...

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