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The Latest Breaking News from the Strait of Hormuz

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

The Independent UK

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.

Axios

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

The Independent UK

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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.

International Business Times UK

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."

Fortune

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...

Barchart

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Treasury Secretary Scott Bessent abruptly halts interview after Trump calls him to Situation Room

In the interview, Scott Bessent said that he would ‘trust’ his child’s life in President Trump’s hands

The Independent UK

Stocks Retreat From Initial Highs as Oil Prices Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.14%. After initially opening higher, stocks are now mixed. WTI crude oil has rebounded off...

Barchart

Is The Iran War Raising Gas Prices? Here's Why Donald Trump Calls The $3.58 Average A 'Glitch'

Trump calls rising US petrol prices from the Iran conflict a "glitch," as economists warn oil shocks could fuel inflation and carry serious political costs.

International Business Times UK

Gold Crash Alert: Why Prices Suddenly Fell Today

When global tensions rise, investors usually move toward safe-haven assets like Gold and Silver. That is why the recent market reaction surprised many observers. Even as tensions between Iran and Israel intensified, gold prices moved downward instead of rising. The April futures contract on COMEX dropped sharply, catching investors off…

MyLifeXP

Oil Tanker Reaches Mumbai After ‘Dark Transit’ Through Strait of Hormuz Amid Middle East Conflict

A crude oil tanker carrying Saudi Arabian oil has successfully reached Mumbai after navigating through the tense waters of the Strait of Hormuz during the ongoing conflict in West Asia.

Whats Hot

Iran war enters Day 14: As conflict completes two weeks, what we know so far - Tehran explosions, Israel strikes, US aircraft crash

The conflict between the United States, Israel, and Iran intensifies. Missile strikes and drone attacks continue across the Middle East. Oil prices surge and global markets react to the growing instability. Regional powers are increasingly drawn into the fighting. The war has spread across multiple fronts, with casualties mounting.

The Times of India

Hormuz miscalculation? Trump sideswiped by Iran's closure of Strait

Washington underestimated Iran's threat to close the Strait of Hormuz, causing global oil market jitters. Despite planning, economic fallout wasn't fully accounted for, leaving the US scrambling. While officials claim preparedness, limited options and high risks for naval escorts are evident. Iran signals the strait's closure remains a pressure tool.

The Times of India

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Evening Standard

Russia and Iran trying to ‘hijack global economy’, says Cooper

Iran’s new supreme leader has vowed to continue blocking the Strait of Hormuz in retaliation for ongoing US-Israeli strikes.

The Independent UK

Russia and Iran trying to ‘hijack the global economy’, Cooper rages

Oil price surges spark fears Putin could use outbreak of war to boost wartime economy

Axios

Ship escorts to start in Strait of Hormuz "soon," Trump officials say

Scott Bessent made the comments to Sky News as he confirmed the war had cost the U.S. $11 billion thus far.

The Times of India

‘Not going to close’: Iran’s UN envoy contradicts Mojtaba Khamenei over Strait of Hormuz remarks

Iran's UN ambassador stated Tehran will not close the Strait of Hormuz, despite recent remarks from the supreme leader suggesting its use as leverage. While asserting the right to ensure regional security, the ambassador emphasized Iran's commitment to freedom of navigation under international law, attributing current tensions to US actions.

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The Independent UK

Newsom trolls Trump as Putin’s pup after US lifts sanctions on Russian oil during Iran war

As oil prices hit $100 a barrel again Thursday, the Treasury Department said it would allow countries to purchase Russian oil ‘currently stranded at sea’

The Times of India

'They were going to take over Middle East': Trump says Iran had 1,200 missiles pointed at four countries

US President Donald Trump asserted Iran has amassed approximately 1,200 missiles targeting Middle Eastern nations, amidst escalating tensions following threats from Iran's new supreme leader, Mojtaba Khamenei. Trump suggested Khamenei, despite injury speculation, is likely alive and urged vessels to transit the Strait of Hormuz, stating Iran lacks a significant…

The Independent UK

US navy will escort oil tankers through Strait of Hormuz despite Iran threats, says treasury secretary

Scott Bessent said Chinese tankers have passed through the Strait in what he claimed was a sign Tehran ‘have not mined’ the passage

Barchart

Stocks Slump on Iran War and Credit Woes

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -1.52%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.73%. March E-mini S&P futures (ESH26 ) fell -1.49%, and March E-mini Nasdaq futures...

Barchart

Crude Oil Surges as Strait of Hormuz Remains Closed

April WTI crude oil (CLJ26 ) on Thursday closed up +8.48 (+9.72%), and April RBOB gasoline (RBJ26 ) closed up +0.1763 (+6.32%). Energy prices settled sharply higher on Thursday due to comments from Iran's Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran's leverage of closing the Strait of Hormuz...

Barchart

Supply Concerns Support Coffee Prices

May arabica coffee (KCK26 ) on Thursday closed up by +4.50 (+1.57%), and May ICE robusta coffee (RMK26 ) closed up by +72 (+2.03%). Coffee prices finished sharply higher on Thursday due to the Iran war, which has closed the Strait of Hormuz and disrupted global shipping. Iran’s Supreme Leader...

Euronews

Exclusive: Tehran does not want to block Strait of Hormuz, Iranian ambassador tells Euronews

In sharp contradiction to the new Ayatollah Mojtaba Khamenei's statement on Thursday, the Iranian ambassador to the UN told Euronews that Iran does not plan to block or mine the Strait of Hormuz.

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