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The Latest Breaking News from the Strait of Hormuz

Brent Crude Climbs Back Above $100 a Barrel As Tensions Continue At The Strait Of Hormuz

Brent crude oil has climbed back above $100 a barrel on Wednesday the Strait of Hormuz remains closed and Iran shows no signs of willingness to attend a second round of negotiations with the U.S.

International Business Times

Crude Oil Prices Climb as Global Oil Supplies Disrupted

June WTI crude oil (CLM26 ) today is up +2.55 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0882 (+2.82%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 2-week high. Energy prices are rallying today as the cancellation of peace talks between the US...

Barchart

Is Trump's Hormuz blockade a 'success'? 34 Iran-linked tankers bypass restrictions with $900 million oil

US claimed that it holds "total control" over the Strait of Hormuz, calling it a success. However, reports reveal Iran-linked tankers are bypassing these restrictions. At least 34 tankers have continued operations, with some carrying significant oil volumes. This situation creates a complex environment for global oil trade. Tensions remain…

The Times of India

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Stocks Supported by Iran Ceasefire Extension and Strong Earnings

The S&P 500 Index ($SPX ) (SPY ) today is up +0.84%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.28%. June E-mini S&P futures (ESM26 ) are up +0.80%, and June E-mini Nasdaq futures...

Barchart

Middle East conflict: how the US and Iran could step back from the brink

Donald Trump’s deadline for Iran to reopen the Strait of Hormuz or face a renewal of American bombardment was due to expire this week, but was extended at the last moment, this time with no defined time limit. But the risk of renewed escalation remains real, as both sides continue…

The Conversation

Stocks Advance as US Extends Iran Ceasefire

The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. June E-mini S&P futures (ESM26 ) are up +0.68%, and June E-mini Nasdaq futures...

Barchart

The Strait of Hormuz shows how everything is now about leverage

Iran’s military might was never going to be a match for the US and Israel. So instead it turned to the highly effective weapon it has at its disposal – geography.

The Conversation

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The Lobster Triumphs

Plus: Tit-for-tat gerrymandering, D.C.'s flowing fountains, more war in the Strait of Hormuz, and more...

Reason

Jet Fuel Has Nearly Doubled Since Trump Attacked Iran; Summer Flights Are Already 18% More Expensive

European airlines are cutting flights ahead of the busy summer travel season as fuel prices continue to soar and the question of whether the Strait of Hormuz is open remains in flux.

International Business Times UK

The Latest: Iran attacks 3 ships in the Strait of Hormuz as Trump indefinitely extends ceasefire

U.S. President Donald Trump said the United States was indefinitely extending its ceasefire with Iran as a new round of peace talks was on hold

The Independent UK

Iran Attacks Ships In The Strait Of Hormuz, Further Escalating Tensions With The U.S.

Iran has attacked at least three ships going through the Strait of Hormuz on Wednesday, further escalating tensions with the U.S. as questions remain about whether parties will engage in a new round of talks.

International Business Times

UK welcomes ceasefire extension after ship attacks in Strait of Hormuz

Foreign Secretary Yvette Cooper called for a ‘full reopening’ of the key shipping passage.

Evening Standard

Middle East on edge again: Two ships attacked in Strait of Hormuz

Tensions flared in the Strait of Hormuz as Iran's Revolutionary Guard fired on a container ship, causing damage. Another cargo vessel reported being fired upon. These incidents complicate US-Iran diplomatic efforts, despite a US ceasefire extension and Pakistan's mediation. The strategic waterway, crucial for global energy, remains under pressure amid…

The Times of India

‘Ignored repeated warnings’: Iran fires on container ship in Strait of Hormuz

Iran's Revolutionary Guard fired on a container ship in the Strait of Hormuz, causing significant damage to its bridge. While Iran claims the vessel ignored warnings, the UKMTO reported no prior alert. This incident escalates regional maritime tensions, following recent US seizures of Iranian vessels and ongoing disputes over naval…

The Times of India

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The Independent UK

Ships fired upon as Iran claims it is ‘lawfully enforcing’ control over Strait of Hormuz

The attacks come after the US seized an Iranian container ship at the weekend

The Independent UK

Iran-US war latest: Tehran calls opening Strait of Hormuz ‘impossible’ as US navy chief steps down

US blockade of Iran’s ports choking economy, White House says, as President Trump suggests peace talks could restart

The Times of India

‘No deal if Hormuz reopens’: Trump extends ceasefire, claims Iran losing $500 million a day

President Trump extended a ceasefire with Iran, maintaining a blockade of the Strait of Hormuz. He stated Iran is suffering significant financial losses and must present a unified proposal for talks to advance. This decision followed a request from Pakistan's military chief and Prime Minister.

The Conversation

These shocks to Australia’s food system won’t be the last. Will it learn in time for the next one?

News of a fragile ceasefire has done little to calm anxieties about the Strait of Hormuz, where Iran has choked shipping and the United States has responded with a targeted maritime blockade.

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International Business Times

China's Molten Salt 'Energy Fortress' Built For Oil Shortages Like The One The World Is Experiencing: Report

China's Jinta molten salt energy tower stands as an "energy fortress" designed to help the country absorb the oil shock caused by the tensions surrounding the Strait of Hormuz.

International Business Times

Citi Says Oil Prices Could Surge to $130 A Barrel if Strait of Hormuz Remains Closed

Citi analysts warned of how quickly the oil market could tighten if the Strait of Hormuz does not fully reopen soon, noting that crude could climb as high as $130 a barrel.

Barchart

Crude Oil Prices Rally as US-Iran Talks on Hold

May WTI crude oil (CLK26 ) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26 ) closed up +0.0930 (+2.98%). Crude oil and gasoline prices recovered from early losses on Tuesday and moved sharply higher as Iran has yet to confirm its attendance at further talks in Pakistan...

Barchart

Nat-Gas Prices Recover on Carry Over Support from Crude Oil

May Nymex natural gas (NGK26 ) on Tuesday closed up +0.008 (+0.30%). Nat-gas prices on Tuesday erased early losses and moved higher as a rally in crude oil prices, driven by the continued closure of the Strait of Hormuz, sparked short-covering in nat-gas futures. Nat-gas prices initially moved lower on...

International Business Times UK

Gulf Evacuation Warning: 'Time Is Running Out' as Iran Adviser Urges Immediate Exit From UAE, Saudi Arabia, Qatar, Bahrain and Kuwait

A social media post urging evacuation from Gulf nations has caused concern, despite no official directives. The warning highlights the strategic importance of the Strait of Hormuz.

International Business Times

Crypto Scammers Exploit Strait Of Hormuz Disruption With Fake Shipping Clearance Scheme

Maritime security warnings are raising alarms about a coordinated scam campaign exploiting instability in the Strait of Hormuz by impersonating official transit authorization systems.

Barchart

Crude Oil Prices Climb as US-Iran Ceasefire Set to Expire on Wednesday

May WTI crude oil (CLK26 ) today is up +3.56 (+3.97%), and May RBOB gasoline (RBK26 ) is up +0.0682 (+2.19%). Crude oil and gasoline prices recovered from early losses today and moved sharply higher as Iran has yet to confirm its attendance at further talks in Pakistan with the...

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