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The Latest Breaking News from the Strait of Hormuz

Why market rallied today? Sensex zooms 1,700 points, Nifty closes above 23,600. 4 key factors behind Rs 10 lakh crore gains

Sensex and Nifty surged 2% each, adding Rs 10 lakh crore in market cap, as easing oil prices and US-Iran peace hopes boosted sentiment. Broad-based gains, a stronger rupee and global market rally supported the upmove, while analysts remain cautious on geopolitical risks.

The Economic Times

BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?

Indian oil marketing stocks surged as crude oil prices dropped to a two-month low amid reports of a potential US-Iran peace deal. HPCL, IOCL, and BPCL shares gained significantly on Friday. Experts, however, caution that full oil market normalization could take years even if a deal is reached.

The Economic Times

US deal covers ending naval blockade, Hormuz will not return to pre-war era, Iran’s FM says

Iranian Foreign Minister Abbas Araghchi on Friday said a draft deal with the US included ending a naval blockade of Iran's ports. Tehran has decided that the administration of the Strait of Hormuz "will not return to the pre-war era", Araghchi added. Read about the day’s events as they unfolded…

France 24

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Hormuz oil traffic rebounds as Gulf exporters find workarounds: Report

Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports have significantly decreased. This situation impacts global oil prices. Traders are closely watching future transits. The US continues actions against vessels approaching Iranian ports.

The Economic Times

Inflation just hit 4.2 percent — the highest in 3 years. Donald Trump responds with a secret claim about removing millions of barrels of Iranian oil

The President said the US is in control of the Strait of Hormuz.

We Got This Covered

Iran says no final decision made on deal that Trump hopes could be signed soon

President Trump announced a potential peace deal with Iran, aiming to reopen the Strait of Hormuz to shipping this weekend. While Trump claimed a "great settlement" and Iran's approval, Iranian officials stated no final decision has been reached, with negotiations ongoing on key issues and "red lines" remaining firm.

The Economic Times

Oil Price Today (June 12): Crude oil hits 2-month low as Trump halts strikes on Iran. Where is liquid gold headed?

Oil prices dropped to a two-month low as President Trump called off planned military strikes on Iran, easing geopolitical tensions. Brent crude futures fell to $89.17 a barrel, and WTI crude dropped to $86.48. Despite Iran's earlier threats to close the Strait of Hormuz, commercial vessels continued to transit the…

The Economic Times

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Refiners adjust sourcing as war rattles markets

Thailand's major oil refineries continue to operate smoothly and supply the nation with refined oil despite escalating conflict in the Middle East, according to the Federation of Thai Industries' Petroleum Refining Industry Club.

Bangkok Post

Trump says Iran peace deal is near after threatening new strikes

US President Donald Trump said Thursday he had halted plans for new military strikes on Iran, claiming negotiators were close to extending a fragile ceasefire. Hours before, he threatened to intensify the conflict by targeting Iran’s oil industry.

France 24

OPINION - The Strait we ignore may be the one that hurts Britain most

Yet again the Strait of Hormuz dominates headlines as the on-off peace talks grind on with no clear end in sight. President Trump still shouts about it in full caps on Truth Social. Television producers still show on repeat the same map: Iran on one side, Oman on the other.…

Evening Standard

A US Army Apache helicopter went down near the Strait of Hormuz — an uncrewed drone boat made history by saving its crew

A US Navy drone boat rescued two Apache helicopter crew members near the Strait of Hormuz in a historic first.

TechRadar

Trump calls off latest threats to strike Iran, cites breakthrough in talks to end the war

U.S. President Donald Trump has called off new military strikes on Iran, hours after threatening to escalate the war

AAP

Crude Oil Prices Whipsaw Sharply Lower on Iran Peace Hopes

July WTI crude oil (CLN26 ) on Thursday closed down -2.32 (-2.58%), and July RBOB gasoline (RBN26 ) closed down -0.0085 (-0.27%). Crude oil and gasoline prices gave up an early advance and settled sharply lower on Thursday after President Trump said he canceled planned military strikes on Iran, signaling...

Barchart

Watch: US shares footage of attack on MT Jalveer in Hormuz with Indians on board

The United States on Thursday shared footage of attack on MT Jalveer in the Strait of Hormuz which had 20 Indians on board, claiming that the foreign-flagged vessel attempted to transport oil from Iran through the Gulf of Oman.

The Times of India

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The National (Scotland)

Donald Trump threatens to take major Iranian oil terminal as fuel prices spike

DONALD Trump has said the United States will strike Iran “very hard tonight” and will take a major oil terminal on Kharg Island in the “not…

AAP

Trump threatens to take 'total control' of Iran's oil industry as ceasefire teeters

U.S. President Donald Trump threatens to launch major strikes on Iran and seize control of its oil and gas industries as continuing attacks between the warring countries pushed the Middle East closer to the resumption of a full-scale war

AAP

Trump says US will hit Iran 'very hard,' threatens to take 'total control' of its oil industry

President Donald Trump says the U_S_ will hit Iran "VERY HARD TONIGHT," and threatens in a social media post to "assume total control" of Iran's oil and gas industries, including the key Kharg Island, in the "not too distant future."

International Business Times UK

Donald Trump Defends Soaring Costs As He Claims To 'Love' New Inflation Figures

Donald Trump said he 'loves' the latest 4.2 per cent US inflation figure, insisting soaring prices are tied to his war with Iran and secretive oil moves in the Strait of Hormuz.

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AAP

US military says it used missile fire to disable a tanker trying to break its blockade on Iran

The U.S. military's Central Command says it struck an oil tanker in the waters just outside the Strait of Hormuz that was trying to break its blockade of Iranian ports

AAP

Iran responds to a second day of US strikes by firing at Gulf states and Jordan

The U

AAP

Iran retaliates to a second day of US strikes by firing at Gulf states and Jordan

The U

France 24

2026 World Cup set to generate nearly $41bn in economic output

As the 2026 FIFA World Cup kicks off in Mexico this Thursday, we take a look at the tournament’s expected economic impact – both globally and on host countries. But the real winner, it seems, is FIFA, with record revenues forecast at $11 billion. Also in this edition, markets react…

The Times of India

22 ships, no lights: The 'secret mission' in Hormuz Trump says Iran didn't know about

US President Donald Trump on Wednesday claimed that the United States had secretly facilitated the movement of millions of barrels of oil through the Strait of Hormuz without Iran's knowledge, describing it as a covert operation that Tehran was learning about only now.

The Independent UK

3 Indians were killed on tanker shot by US military, Indian official says

An Indian official said Thursday that three Indian mariners were killed on board a tanker targeted by the U.S. military over allegedly violating America’s blockade on Iran

AAP

US launches a second day of strikes on Iran and Iran fires back at the Gulf states and Jordan

The United States has launched a second round of airstrikes on Iran and Iran has fired back at Gulf States after President Donald Trump warned that Tehran would "pay the price" for stalled negotiations

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