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The Latest Breaking News from the Strait of Hormuz

Energy Secretary Says Traffic Through Strait Of Hormuz Is Rising 'Very Meaningfully' Despite Lack Of Deal

Energy Secretary Chris Wright said traffic through the Strait of Hormuz is rising "very meaningfully" despite the lack of an agreement with Iran.

International Business Times

Oil Drops After Iran Says Deal With Iran Could Happen In 'Two Or Three Days'

Oil prices are falling on Tuesday after President Donald Trump said a deal to end the war in Iran could happen in "two or three days."

International Business Times

Iraq Also Intensifying Work To Reroute Exports Away From Strait Of Hormuz As Blockade Continues

Iraq and the United Arab Emirates are both intensifying plans to expand pipelines and avoid depending on the Strait of Hormuz as the blockade of the key waterway resulting from the Iran war continues.

International Business Times

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EU proposes new sanctions on Russian oil, 'shadow fleet', fisheries and soldiers

The new package of sanctions is intended to delay a scheduled review of the price cap on Russian oil, which has surged following the closure of the Strait of Hormuz, to avoid granting Moscow economic relief.

Euronews

Trump insists Iran deal is days away as both sides step back from brink

Speaking after Monday's exchange of strikes — the biggest blow yet to the April ceasefire in the Iran war — Trump said bombing Iran further would keep the Strait of Hormuz closed for months and cost lives.

Euronews

Trump confirms US Apache helicopter was shot down by Iran and threatens ‘response’ to attack

President vows to respond ‘out of necessity’ after reporting that two service members on the helicopter are ‘safe and uninjured’

The Independent UK

US army Apache gunship goes down near Strait of Hormuz: Report

A US military Apache helicopter went down near the Strait of Hormuz on Tuesday amidst escalating tensions with Iran. The incident occurred following a significant military campaign launched by Donald Trump's administration against the Iranian regime. The exact cause of the crash, whether enemy action or mechanical failure, remains unconfirmed.

The Times of India

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US Army Apache helicopter crashes near Strait of Hormuz: Report

A U.S. Army Apache helicopter gunship crashed near the Strait of Hormuz on Monday, with both crew members safely rescued. The cause of the incident remains unclear, with possibilities including Iranian fire, mechanical failure, or another issue. Reuters has not yet verified the report.

The Economic Times

Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil edges higher as investors watch Iran-Israel developments

Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil prices moved slightly higher as traders assessed the latest developments between Iran and Israel. Although both countries announced a halt to attacks after calls from U.S. President Donald Trump,…

The Economic Times

Oil Price Today (June 9): Crude oil falls 1% as Israel and Iran pause strikes. Where is liquid gold headed?

Oil prices eased in early Tuesday trading after Iran and Israel indicated a pause in hostilities, reducing immediate concerns over supply disruptions. However, both countries kept the door open for renewed military action despite agreeing to halt attacks following an appeal from U.S. President Donald Trump.

The Economic Times

Traders Predict That the Strait of Hormuz Will Not Go Back to Normal Until the End of the Year

Kalshi's market tracking indicated that traffic through the Strait of Hormuz would return to normal, implying roughly a 66% probability that conditions would not normalize by mid-June.

International Business Times

The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic

Iran's grip on the Strait of Hormuz is adding $100 billion to airlines' collective fuel bill this year.

Fortune

Shipping Ministry confirms attack on vessel carrying 24 Indian seafarers south of the Strait of Hormuz

A fire erupted on the oil tanker MT Marivex, located south of the Strait of Hormuz, with all 24 Indian seafarers aboard reported safe. India's Ministry of Ports, Shipping and Waterways is actively coordinating with other government bodies and Indian embassies overseas. The tanker was reportedly empty at the time,…

The Economic Times

24 Indian seafarers seek urgent help after vessel reportedly attacked off Oman coast

Twenty-four Indian seafarers are urgently seeking help after their vessel was reportedly attacked off Oman's coast, near the Strait of Hormuz. The Forward Seamen's Union of India has appealed to the Indian Navy and authorities for intervention amidst rising regional tensions. Details regarding the attack and the vessel remain unconfirmed…

The Times of India

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The Economic Times

From trickle to torrent: Hormuz reopening may trigger a global oil flood

The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure largely preserved during the shutdown, producers are expected to ramp up output quickly once shipping resumes. Industry experts believe a significant portion of the…

The Economic Times

Oil market calm masks a host of unknowns

Global oil markets are experiencing an unusual calm despite a major supply shock. The Strait of Hormuz remains largely shut, impacting significant global supply. However, prices have retreated from highs. Uncertainties about global inventories, China's demand, and the true state of consumption create a precarious situation. Experts are operating with…

The Economic Times

West Asia War: Hormuz strait will be open but with transit fees, Iran envoy to Moscow quoted

Iran and Oman will control passage through the Strait of Hormuz. New conditions, including transit fees, will be implemented. This follows disruptions to oil flows due to a conflict. Several tankers have recently exited the Gulf. Oil and gas flows remain restricted. Iran stated fees will depend on ship type…

The Economic Times

Oil Price Today (June 8): Crude oil flares up 5% as Israel attacks Iran, Lebanon in latest escalation. What's next?

Oil prices surged 5% on Monday after Israel launched fresh strikes on Lebanon, raising fears of renewed Middle East tensions and potential disruptions to crude flows through the Strait of Hormuz. U.S. crude climbed to $92.64 a barrel, while Brent crude rose to $95.42 a barrel.

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Fortune

Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos

Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.

The Economic Times

US, Iran appear far from peace deal 100 days since war began

Tensions rise as US and Iran struggle for an interim deal. Fresh attacks test a fragile ceasefire. Frozen Iranian assets and the Lebanon conflict stall negotiations. The Strait of Hormuz remains a focal point. Global oil prices spike, impacting voters ahead of midterm elections. Pakistan plays a mediating role.

Bangkok Post

US says shot down Iran drones as war reaches 100th day

TEHRAN - The United States said it shot down a pair of Iranian drones threatening the Strait of Hormuz, as the Middle East war reached its 100th day on Sunday with no end in sight.

The Economic Times

Pakistan's interior minister is in Tehran as the US downs more Iranian drones over Hormuz

Pakistan's interior minister is in Tehran to revive Iran-U.S. negotiations. This comes as U.S. forces downed Iranian drones near the Strait of Hormuz. Fighting between Israel and Hezbollah continues despite a ceasefire extension. Israel struck Beirut suburbs in response to earlier rocket fire. The conflict impacts global trade and risks…

The Independent UK

Israel strikes Beirut's southern suburbs days after ceasefire agreement

Israel has struck the southern Beirut suburbs, targeting Hezbollah command centers

The Economic Times

Strait of Hormuz: Iran-U.S. war is far from over. Here's why

Iran’s Revolutionary Guard said it had targeted the Ali Al Salem air base, which hosts U.S. forces in Kuwait, and the U.S. Navy’s 5th Fleet in Bahrain, according to the state-run IRNA news agency. The U.S. military said there were no reports of harm to U.S. personnel.

Euronews

US downs two Iranian drones threatening Strait of Hormuz traffic

US forces intercepted two Iranian attack drones near the Strait of Hormuz, a day after downing four others that Washington said threatened maritime traffic in the strategic waterway.

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