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The Latest Breaking News from the Strait of Hormuz

Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tolls

Qatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purposes like mine clearing are negotiable. This stance comes amid discussions between Iran and Oman regarding a permanent toll system. Qatar aims to balance relations with both Iran…

The Economic Times

Iran-US war latest: US forces fire at ship running Hormuz blockade while Israel intensifies war in Lebanon

Senior Iranian official accuses Donald Trump of 'betraying diplomacy for the third time'

The Independent UK

Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?

Global markets rallied as oil prices hit seven-week lows. Hopes for a peace deal between the US, Israel, and Iran eased inflation fears. Brent crude and WTI saw sharp declines. Diplomatic efforts continue, but differing descriptions of a potential deal persist. Geopolitical tensions remain a factor. Analysts suggest restoring normal…

The Economic Times

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Quarter of big oil tankers trapped by Iran war have escaped

Twenty-nine of 109 vessels capable of hauling 700,000 barrels or more have crossed the Strait of Hormuz, with many switching off navigation instruments to avoid hostilities.

The Economic Times

5 world market themes for the week ahead

Global markets are keenly watching U.S.-Iran ceasefire talks and the Strait of Hormuz, alongside crucial U.S. jobs data and euro zone inflation figures. India's rupee faces pressure, while Colombia heads to the polls. Meanwhile, the AI-driven tech sector continues its impressive growth, adding new trillion-dollar companies.

The Economic Times

Trump insists on red lines as Iran deal remains elusive

US President Donald Trump stated he will only agree to a peace deal with Iran if all his conditions are met, including Iran never possessing nuclear weapons and reopening the Strait of Hormuz. However, Iran insists no final agreement has been reached, with reports disputing key elements of Trump's characterization…

The Economic Times

Strait of Hormuz ship transits are rising thanks to help from US

Shipowners are showing increased optimism for traffic through the Strait of Hormuz, with US forces providing navigational advice to vessels. Recent transits, some with satellite transponders off, suggest a potential boost in trade flow. This comes amid hopes for a broader reopening of shipping routes tied to a potential US-Iran…

The Economic Times

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‘Tehran said goodbye to “must” 47 years ago’: Iran rejects Trump’s claims of imminent deal

Iran stated no final ceasefire understanding has been reached, rejecting external pressure and asserting self-determination. This follows US President Trump's claim of lifting a naval blockade in the Strait of Hormuz. Iran described US maritime measures as illegal and inconsistent with the ceasefire, emphasizing that actions, not words, will determine…

The Economic Times

Trump ponders whether to move forward with Iran deal but hasn't yet decided

U.S. President Donald Trump met with his advisers for about two hours but has not yet made a decision on whether to move forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz

AAP

Trump meets with aides to determine whether to move forward with Iran deal

U.S. President Donald Trump has held a White House Situation Room meeting with his advisers as he ponders moving forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz

AAP

Iran: Is Trump “Bored”?, Bolivia at “Breaking point” A Spanish Scandal

It’s been a week where, 90 days into the conflict and ceasefire stand-off with Iran, both Tehran and Washington are insisting time is on their side — each claiming the other needs a deal more urgently. Pressure is growing on the Trump administration with soaring energy prices and midterm elections…

France 24

US-Iran Peace Hopes Weigh on Crude Oil Prices

July WTI crude oil (CLN26 ) on Friday closed down -1.54 (-1.73%), and July RBOB gasoline (RBN26 ) closed down -0.0665 (-2.14%). Crude oil and gasoline prices retreated on Friday, with crude oil falling to a 5-week low. Crude prices are under pressure after the US and Iran tentatively agreed...

Barchart

Why the Strait of Hormuz worries China more than Malacca

A new report highlights China's key maritime vulnerability lies at the Strait of Hormuz, not the Malacca Strait. This shifts strategic competition in the Indian Ocean to a new arena involving India, France, and the US. China's energy imports through this region expose it to potential exploitation by rival powers.

The Times of India

Trump in Situation Room to make final call on Iran peace deal after lifting Naval blockade of Hormuz Strait

President confirms deal reopens Strait of Hormuz after months-long stalemate that has devastated global economy

The Independent UK

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Barchart

Crude Oil Prices Tumble on Hope for an End to the US-Iran War

July WTI crude oil (CLN26 ) today is down -1.85 (-2.08%), and July RBOB gasoline (RBN26 ) is down -0.0692 (-2.23%). Crude oil and gasoline prices are sliding today, with crude oil falling to a 5-week low. Crude prices are under pressure after the US and Iran tentatively agreed to...

The Economic Times

To the Situation Room, now! With new message, Trump stirs Iran cauldron again

Trump's comments assume significance as tensions between the US and Iran have remained elevated over Tehran’s nuclear activities, sanctions and regional security concerns. Recent developments in the Middle East have also intensified fears of escalation that could impact global trade routes and energy prices.

The Times of India

'Meeting now to make final determination': Trump on US-Iran draft truce deal; lists conditions for Tehran

US President Donald Trump on Friday said a potential deal with Iran was now at the stage of a "final determination", while laying out a detailed list of conditions for Tehran and signalling that restrictions in the Strait of Hormuz could soon be lifted.

We Got This Covered

Donald Trump warns Oman has to ‘behave’ – or else, America will ‘have to blow ’em up’

Iran quickly stepped up to support its neighbour.

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Euronews

Iran-US deal nears finish line — but Trump and Khamenei must say yes

The draft memorandum includes unrestricted Hormuz shipping, Iran removing mines within 30 days and US sanctions waivers on Iranian oil, with nuclear talks to follow.

AAP

What we know and don't know about the possible deal to end the Iran war

The United States and Iran appear to be closing in on a deal to end the war and open the Strait of Hormuz

The Economic Times

How far have the U.S. and Iran got towards ending the Iran war?

America and Iran have agreed to extend a ceasefire. Shipping through the Strait of Hormuz will resume. Some American sanctions on Iran will be lifted. This is a major step towards ending a war. Talks will continue on Iran's nuclear program and other issues. The deal is not yet finalized.

International Business Times UK

Iran Targets Google, Meta, Amazon & Microsoft: Plans to Charge Fees for Undersea Internet Cables in Strait of Hormuz

Iranian media propose charging Google, Meta, Amazon and Microsoft fees for undersea internet cables in the Strait of Hormuz to generate major revenue amid tensions

The Economic Times

Hormuz exposes China's Indian Ocean vulnerability, new report

A new report suggests China's maritime vulnerability begins at the Strait of Hormuz, not the Strait of Malacca, creating a strategic competition arena in the Indian Ocean. This region is re-emerging as a key theatre, with China's energy dependence exposing vulnerabilities to rivals like India, France, and the US.

The Independent UK

Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

The Economic Times

'Very close': JD Vance says US nears agreement on Strait of Hormuz, Iran nuclear setback

US Vice President JD Vance said Washington is "very close" to achieving a broader strategic agreement in West Asia, asserting that recent US actions will reopen the Strait of Hormuz, weaken Iran's conventional military capabilities, and position the United States to significantly delay Tehran's nuclear programme.

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