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The Latest Breaking News from the Strait of Hormuz

Macron and Starmer hold international summit on reopening the Strait of Hormuz

The leaders of France and the U.K. are holding an international summit to push forward efforts to reopen the Strait of Hormuz, a vital oil route affected by the U.S.-Israeli war with Iran

The Independent UK

'Been no change': PM rebuffs Trump tantrum on Australia

Anthony Albanese remains adamant no requests for assistance have been made to Australia by the US for help in re-opening the Strait of Hormuz.

AAP

No ‘specific request’ to help US in strait of Hormuz, Marles says, as Trump repeats criticism of Australia

US president told reporters he was ‘not happy with Australia because they were not there when we asked them to be there’

The Guardian - AU

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Jet fuel supplies are lagging. What does that mean for airlines and travelers?

A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn’t start flowing soon

The Independent UK

Gasoline Price Predictions: Why Trump Is Calling for High Costs at the Pump to Last Through November (At Least)

Trump is warning Americans that gas prices, now averaging over $4 per gallon, could stay elevated or rise further through November because the Iran conflict and Strait of Hormuz disruption have tightened global oil supply.

Barchart

Crude Oil Rallies on Concerns US-Iran War to Persist

May WTI crude oil (CLK26 ) on Thursday closed up +3.40 (+3.72%), and May RBOB gasoline (RBK26 ) closed up +0.0945 (+3.08%). Crude oil and gasoline prices rallied sharply on Thursday as the US naval blockade of the Strait of Hormuz entered its fourth day, curbing oil supplies from the...

Barchart

Israel-Lebanon agree to 10-day ceasefire: What it means for Iran-US peace talks

US President Donald Trump has brokered a 10-day ceasefire between Israel and Lebanon, inviting both leaders to the White House for crucial talks. This move aims to de-escalate regional tensions after months of heightened conflict. While battlefield clashes with Iran have eased, economic and strategic pressures persist, particularly around the…

The Times of India

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Dangerous mission: Germany could send minehunting boats to secure Strait of Hormuz

According to a report in the Süddeutsche Zeitung newspaper, the navy could also use its logistics base in Djibouti for maritime reconnaissance missions.

Euronews

Hegseth warns US is ‘locked and loaded’ to attack Iran again if they don’t agree to peace deal

Defence secretary said US forces are ‘reloading with more power than ever before’ but that Trump would ‘rather not do it’

The Independent UK

Electric vehicles pass tipping point, breaking the link with oil prices

When the Strait of Hormuz first closed in March and oil hit US$120 a barrel, a very old question came back: is this finally the moment electric vehicles take off for good – or just another false start?

The Conversation

Crude Prices Climb as Global Oil Supplies Remain Disrupted

May WTI crude oil (CLK26 ) today is up +2.40 (+2.63%), and May RBOB gasoline (RBK26 ) is up +0.0655 (+2.13%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low. Crude oil and gasoline prices are moving higher today as the US naval...

Barchart

Bulletin PM briefing: Why vaccine disinformation spread and Hegseth’s bizarre biblical rant

Why vaccine disinformation spread across the UK during Covid pandemic. Hegseth brands media ‘Pharisees’ in bizarre biblical rant at Iran war briefing. UK’s armed forces need a ‘decade of renewal’, warns former military chief. China demands Iran reopen the Strait of Hormuz. Ex-Arsenal and Liverpool goalkeeper Alex Manninger dies after…

The Independent UK

No country can legally restrict navigation in Strait of Hormuz, UN maritime chief says

The Secretary-General of the UN’s International Maritime Organization (IMO) told Euronews that shipping shouldn’t become "collateral" in conflicts.

Euronews

How Iran cryptocurrency demands explain a key role of money throughout history

When Iran began demanding payment in exchange for safe transit through the Strait of Hormuz, it offered the option to pay in cryptocurrency. Likewise, the shadowy network of tankers that have smuggled Russian oil to world markets since the full-scale invasion of Ukraine in 2022 have often been paid this…

The Conversation

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Euronews

Europe has six weeks of jet fuel left caused by 'dire strait' crisis, IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

The Independent UK

NHS could face drug shortages within weeks due to Iran war, medicine manufacturers warn

Paracetamol, antibiotics, stroke prevention medicines and even some cancer drugs could face shortages in weeks following the closure of the Strait of Hormuz

Latin Times

Iran signals possible Hormuz shipping relief if U.S. deal is reached - REPORT

Iran has floated a proposal to let commercial vessels move freely along the Omani side of the Strait of Hormuz if negotiations with the United States produce a deal that prevents a renewed military confrontation.

The Mary Sue

Donald Trump is waiting for a ‘big fat’ hug from his sworn enemy, but what follows might turn things around

President Donald Trump just dropped a Truth Social post that’s equal parts swagger and warning as he gears up for his trip to China next month. The post, which landed ahead of his May 14-15 meeting with President Xi Jinping, starts with a boast about permanently opening the Strait of…

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Euronews

S&P 500 and Nasdaq hit new all-time highs despite Iran war effects

The S&P 500 and the Nasdaq closed at record highs on Wednesday despite the Iran war dragging on, the Strait of Hormuz remaining largely blocked and global economic growth forecasts being cut amid rising inflation.

The Independent UK

China demands Iran reopen the Strait of Hormuz

IN FULL

The Times of India

New route? How are Iran-linked ships passing through Strait of Hormuz despite US blockade

Amidst a US naval blockade, Iran-linked vessels navigated the Strait of Hormuz, signalling potential route shifts. Traffic remains significantly reduced, with heightened checks by both US and Iranian forces slowing crossings. Conflicting claims emerge regarding successful breaches, as electronic interference and disabled tracking systems obscure full visibility in this critical…

Evening Standard

London faces food shortages as Iran war hits CO2 supplies

Chicken and pork could be in short supply as disruption in the Strait of Hormuz hits global trade

Fortune

Why no nation is truly ‘energy independent’ while the Strait of Hormuz remains closed

The U.S. blockade is working, but a potential global recession still looms.

The Times of India

US blockade: No Iranian ship allowed to cross Strait of Hormuz in last three days, 10 sent back

The US military on Thursday said it had turned back 10 vessels attempting to leave Iranian ports during the first 48 hours of its naval blockade, even as maritime tracking data suggested some ships may have initially crossed the Strait of Hormuz.

The Conversation

Iran has a powerful new tool in the Strait of Hormuz that it can leverage long after the war

The Trump administration claims its blockade of the Strait of Hormuz is working, with nine ships complying with orders to turn around.

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