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The Latest Breaking News from the Strait of Hormuz

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

As the Strait of Hormuz remains closed for the fourth month, “one development stands out: prices have become remarkably calm,” JPMorgan analysts said.

Fortune

Trump says US military ops ensure safe passage of 100 million barrels of oil through Hormuz

President Donald Trump revealed a secret US military mission. This operation supported oil tankers and commercial ships. Over 100 million barrels of oil passed through the Strait of Hormuz. More than 200 ships traveled safely. Trump stated the United States controls the Strait of Hormuz, not Iran. He declared Iran's…

The Economic Times

Middle East Hostilities and Bullish EIA Report Boost Crude Oil Prices

July WTI crude oil (CLN26 ) today is up +1.33 (+1.51%), and July RBOB gasoline (RBN26 ) is up +0.0601 (+2.01%). Crude oil and gasoline prices are sharply higher today after the US and Iran exchanged strikes overnight, which could derail the peace process and keep the Strait of Hormuz...

Barchart

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Trump threatens to bomb Iran’s power plants and warns they will ‘pay the price’ for failure to agree deal

US president accused Iran of taking too long in peace negotiations as both sides exchanged strikes

The Independent UK

Meet Vibhav Altekar, the Indian-origin engineer behind the drone boat that pulled off a first-of-its-kind US military rescue

A remarkable rescue operation near the Strait of Hormuz saw an autonomous vessel, Corsair, play a vital role. Developed by Saronic Technologies, co-founded by Indian-American engineer Vibhav Altekar, the vessel helped save two US Army personnel. This event marks a significant milestone for autonomous maritime technology, demonstrating its capability in…

The Economic Times

US and Iran’s exchange of strikes shows how far diplomacy has changed

The US military launched strikes against Iran on June 9 in response to the downing of a US Army helicopter near the Strait of Hormuz a day earlier. These strikes, which the US military called “a proportional response to unjustified Iranian aggression”, came after Donald Trump claimed he was in…

The Conversation

US strikes Iran-bound tanker near Oman, sparking India protest over missing crew

US Central Command said it fired on the Palau-flagged Settebello after the crew ignored orders, hitting its engine room as the vessel attempted to carry Iranian oil in violation of the US blockade.

Euronews

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Extraordinary rescue as drone boat saves downed American pilots in the Strait of Hormuz

IN FULL

The Independent UK

Suez Canal sees oil tanker surge amid Strait of Hormuz disruption

Egypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of Hormuz, forcing ships to use the Red Sea route. Broader vessel traffic also increased. This unexpected boost benefits Egypt's foreign exchange earnings, though overall…

The Economic Times

CMA CGM chief says 'unwise' to assume Hormuz will return to pre-war situation

The head of French shipping giant CMA CGM believes the Strait of Hormuz will not return to its previous state. The company is adapting to ongoing geopolitical issues.

The Economic Times

Iran-US war latest: Tehran attacks 18 US airbases across Middle East after Trump orders major new strikes

US Defence Secretary Pete Hegseth warned that the military would be ‘busy tonight’ ahead of the fresh strikes

The Independent UK

US and Iran launch airstrikes after Trump blames Tehran for downing Army helicopter

The U.S. military launched airstrikes and Iran retaliated following the crash of an Army helicopter near the Strait of Hormuz that U.S. President Donald Trump blamed on the Islamic Republic

AAP

US, Iran exchange air strikes after Trump accuses Tehran of downing army helicopter

The US military said on Tuesday it carried out strikes on Iran after an Army helicopter crashed near the Strait of Hormuz, an incident President Donald Trump blamed on Tehran. Iran denied responsibility and vowed to respond. Washington called the attacks a “proportional response", while Iranian media reported explosions on…

France 24

Watch: Trump's 'proportional response' to Iran after helicopter attack

Following Iran's downing of a US Apache helicopter near the Strait of Hormuz, President Trump ordered retaliatory strikes on Iranian air defense systems. This escalation intensifies months of Middle East tensions, disrupting shipping and raising global energy prices. Iran vowed a "decisive response," casting doubt on ceasefire efforts amid ongoing…

The Times of India

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AAP

US and Iran launch airstrikes after Trump blamed Tehran for downing Army helicopter

Kuwaiti air defenses opened fire Wednesday as the small Mideast nation came under attack from Iran

AAP

US strikes Iran after blaming Tehran for downing Army helicopter

Iran said Wednesday it launched a missile attack targeting an air base in Jordan hosting U.S. forces

The Economic Times

Why are oil prices up, while gold, silver prices down today along with upcoming US stock market futures crash? US attack, Iran tensions, inflation fears and market reaction explained

Why are oil prices up, while gold, silver prices down today along with upcoming US stock market futures crash? Global markets moved in different directions after fresh U.S. strikes against Iran increased geopolitical tensions. Oil prices gained as supply concerns returned. Gold and silver prices fell as the U.S. dollar…

International Business Times UK

Iran Reportedly Shoots Down First $52M US Apache Near Strait of Hormuz: Trump Vows Revenge While Attending Knicks Game

A US Apache helicopter was reportedly downed by Iran near the Strait of Hormuz, prompting President Trump to vow retaliation, threatening fragile diplomatic efforts in the region.

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The Economic Times

No ceasefire in sight: US bombs Iranian sites, IRGC hits back with missiles on American bases across Gulf

United States forces have launched strikes against Iran following the downing of a US helicopter. President Donald Trump stated the response was powerful. Iran's state media reported attacks on Qeshm island and Sirik. Iran's Foreign Minister vowed a strong response to any aggression. The incident complicates peace deal efforts and…

The Times of India

US launches strikes on Iran after Trump vows response to downed helicopter near Hormuz; Tehran vows retaliation - top developments

US President Donald Trump ordered strikes on Iran hours after an American Apache attack helicopter was brought down near the Strait of Hormuz on Tuesday.

International Business Times UK

'We Prefer Diplomacy But Speak Other Languages Too': Araghchi Says After Iran Downs US Apache

Iranian Foreign Minister warns US forces after an Apache helicopter is downed near the Strait of Hormuz, escalating tensions and challenging the fragile ceasefire in the region.

AAP

Iran will 'have to pay the price' after strikes: Trump

Hours after Iran launched tit-for-tat strikes against the US, President Donald Trump says Tehran must "pay the price" for taking too long to reach a deal.

The Economic Times

Trump blames Iran for Apache helicopter attack, says US must respond "of necessity"

US President Donald Trump said Iran downed a sophisticated Apache helicopter. The incident occurred overnight while the aircraft patrolled the Strait of Hormuz. President Trump stated the United States must respond to this attack. This development signals a significant escalation in regional tensions.

The Independent UK

Israel ‘kills eight’ in new strikes on Lebanon despite Trump warning to stop shooting

Donald Trump insists a peace deal with Iran is close, but new strikes threaten to plunge the region back into chaos

The Economic Times

Why crude oil is falling fast today: Oil prices crash below $88 as US-Iran peace deal hopes send Brent crude, WTI oil and energy markets lower

Oil prices crashed below $88 after reports said a US-Iran draft agreement gained preliminary acceptance in Washington. Brent crude fell near $91, while WTI crude dropped below $88. Markets are now pricing peace instead of conflict. The shift shows how geopolitical risk, the Strait of Hormuz, and global energy supply…

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