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The Latest Breaking News from the Strait of Hormuz

Donald Trump called allies ‘cowards’ for not joining Iran war. Now they’re fixing it themselves and didn’t even invite him

Finally, someone’s dealing with this like adults.

We Got This Covered

God on their side, the bill on ours: Counting the real cost of the war in West Asia for India

With guns in their hands and God on their side – Bob Dylan John Mearsheimer writes in The Tragedy of Great Power Politics: “States rarely go to war unless they think that rapid success is likely.”It has been more than a month since Benjamin Netanyahu and Donald Trump started the…

Newslaundry

Much of Iran’s military may be ‘decimated,’ but it’s winning the energy war as it picks who gets cargoes through the Strait of Hormuz

The war of attrition in Iran could lead to an Iranian “major victory” if the U.S. withdraws without controlling commerce.

Fortune

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'One by one': Another US jet shot down by Iran, crashes into Hormuz; watch

An American A-10 Thunderbolt II jet crashed into the Strait of Hormuz shortly after an F-15E Strike Eagle was reportedly shot down over Iran. The Iranian embassy in South Africa shared footage, claiming "American fighter jets are being shot down one by one." The A-10's pilot was safely rescued, though…

The Times of India

'Only real leverage': Iran unlikely to reopen Strait of Hormuz anytime soon, claims US intelligence report

Recent US intelligence reports indicate Iran is unlikely to reopen the Strait of Hormuz anytime soon, as control of the key oil chokepoint remains its main leverage against the United States, Reuters reported.

The Times of India

Second US Warplane Lost in a Single Day as A-10 Warthog Goes Down Near the Strait of Hormuz

The US military experienced a significant setback as two aircraft were lost in Iran, challenging claims of air dominance.

International Business Times UK

Macron Pushes Diplomacy With Iran as First French Ship Passes Through Strait of Hormuz

French President Emmanuel Macron on Friday sharpened France's split with the U.S.-Israeli military approach to Iran, announcing a deeper strategic partnership with South Korea while arguing that the Strait of Hormuz should be reopened through diplomacy, not force, as the first French-owned ship since the war began safely crossed the…

Latin Times

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Trade Strait of Hormuz Headlines and Profit with Unusual Options Activity in Royal Caribbean Stock

The VIX opened Thursday trading higher, but dropped back on good news about traffic through the Strait of Hormuz. Cruise operators like Royal Caribbean are greatly affected by higher fuel prices. RCL’s unusual options activity provides an attractive trade.

Barchart

Holidaymakers could get stuck abroad amid Iran war chaos, Ryanair boss says

Between 5% and 10% of flights in May, June and July could be cancelled if the Strait of Hormuz remains closed, according Michael O’Leary

Evening Standard

Trump says US can open Hormuz with 'a little more time' and asks Congress for $1.5tr for defence

Lying between the Persian Gulf and the Gulf of Oman, the Strait of Hormuz is one of the most strategic and vital corridors for the transport of energy and has been effectively closed by Iran since the start of the war.

Euronews

Ministers deny decision has been taken over North Sea gas field project amid spiralling prices

The government insisted no decision has been taken on the project, despite oil prices having soared in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz

The Independent UK

Human remains found on Thai-flagged cargo ship attacked in Strait of Hormuz

Families informed as investigation continues into attack on Thai vessel in critical oil route

The Independent UK

France no longer hostile nation? After Macron snubs Trump, Iran allows ship to pass Hormuz

A French-owned container ship, the Kribi, crossed the Strait of Hormuz, potentially signaling a shift in Iran's view of France following President Macron's criticism of US policy. Macron rejected military intervention to reopen the strait, advocating for negotiations instead. The vessel's change of destination to "Owner France" may have signaled…

The Times of India

French ship makes first Western European transit of Hormuz since Iran conflict

A French-owned container ship has crossed the Strait of Hormuz, a key global shipping route that has been largely restricted since the start of the Middle East conflict.

Radio France Internationale

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Euronews

French ship crosses Strait of Hormuz in first Western European transit during Iran war

A vessel owned by France’s CMA CGM has become the first ship tied to Western Europe to cross the Strait of Hormuz since the outbreak of the Iran war in late February, according to ship tracking data.

Euronews

French and South Korean leaders say they'll work together to reopen Strait of Hormuz

Iran warned the UN Security Council against any "provocative action", ahead of a scheduled vote on a draft resolution on the Strait of Hormuz that ended up being postponed.

The Independent UK

French and South Korean leaders say they'll work together on the Strait of Hormuz

French President Emmanuel Macron and his South Korean counterpart Lee Jae Myung say they have agreed to work together to help reopen the Strait of Hormuz

The Times of India

'Can't expect pre-war rules …': Iran plans to 'monitor' Hormuz with Oman as tensions continue to soar

Iran has said it is drafting a proposal with Oman to “monitor” the Strait of Hormuz, as tensions in the region continue to escalate and concerns grow over maritime security.

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The Independent UK

UN set to vote on a watered-down proposal to open Strait of Hormuz

The U.N. Security Council is scheduled to vote on a proposal to secure the Strait of Hormuz

Barchart

Stocks Recover on Hopes Strait of Hormuz Could Soon Reopen

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.11%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.11%. June E-mini S&P futures (ESM26 ) rose +0.08%, and June E-mini Nasdaq futures...

Fortune

Paul Krugman smacks down Trump speech with argument that $4 gas is ‘less than half’ of the Hormuz hit. Here’s what he’s talking about

Several other essential commodities cross the critical choke point, and a prolonged closure of the strait could injure American consumers.

Barchart

Crude Prices Soar as Iran War Keeps Strait of Hormuz Closed

May WTI crude oil (CLK26 ) on Thursday closed up +11.42 (+11.41%), and May RBOB gasoline (RBK26 ) closed up +0.1966 (+6.36%). Crude oil and gasoline prices rallied sharply on Thursday, with crude posting a 3.5-week high. Crude prices are soaring after President Trump pledged more aggressive action against Iran...

The Times of India

No permit, no pass: Iran plans new navigation regime in Strait of Hormuz

Iranian deputy foreign minister Kazem Gharibabadi on Thursday said that Tehran has nearly completed its first draft to establish a new navigation regime in the Strait of Hormuz.

Euronews

Over 40 countries launch coalition to secure Strait of Hormuz

The multinational coalition will pursue "the collective mobilisation of our full range of diplomatic and economic tools" to enable a "safe and sustained opening" of the Strait of Hormuz, said the British foreign secretary.

Barchart

Crude Prices Surge as President Trump Vows to Escalate Iran War

May WTI crude oil (CLK26 ) today is up +10.20 (+10.19%), and May RBOB gasoline (RBK26 ) is up +0.1174 (+3.80%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.5-week high. Crude prices are rallying after President Trump pledged more aggressive action against Iran over...

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