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The Latest Breaking News from the Strait of Hormuz

Iran insists on keeping control over Hormuz: Report

Iran is determined to gain international recognition for its control over the Strait of Hormuz, including the right to levy fees on ships. Despite an interim deal with the U.S. allowing free passage for 60 days, Tehran insists on permanent control and will not negotiate other disputes until this is…

The Economic Times

US and Iran enter technical talks to secure peace deal, restart shipping

Technical discussions between the U.S. and Iran are underway in Doha, aiming to secure the Strait of Hormuz shipping lanes and a lasting ceasefire. Mediated by Qatar and Pakistan, the talks follow a recent interim accord, though disagreements persist. Iran seeks recognition of its control over the strait and the…

The Economic Times

Now Iran is mocking Trump over the Strait of Hormuz

IN FULL

The Independent UK

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Cargo ship 'runs aground' in Strait of Hormuz amid US-Iran peace talks

A SHIP has run aground in the Strait of Hormuz after not taking Iran’s approved route through the water, Iranian state television reported.

The National (Scotland)

Iran and Oman push Strait of Hormuz fee proposal despite Washington opposition

Iran and Oman are pushing for payments from ships transiting the Strait of Hormuz, a move opposed by Washington. This proposal, inspired by the Straits of Malacca and Singapore, aims to fund maritime safety. While Oman frames it as voluntary service fees, Iran insists on mandatory tolls. A temporary peace…

The Economic Times

Iran-US war latest: Trump dismisses fears of renewed combat as Qatar cites ‘positive progress’ in deadlocked talks

Jared Kushner and Steve Witkoff were in Qatar to discuss the state of negotiations with mediators

The Independent UK

Oil Price Today (July 1): Crude oil above $73 as Iran rejects direct peace talks with US. Where are prices headed?

Brent crude futures were up 50 cents, or 0.69%, at $73.45 a barrel at 1208 GMT. U.S. West Texas Intermediate (WTI) crude rose 63 cents, or 0.91%, to $70.13 a barrel.

The Economic Times

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Oil ticks higher as Iran's refusal to meet US envoys dims ceasefire hopes

Oil prices saw an uptick as Iran's refusal to meet U.S. envoys heightened tensions, impacting the fragile ceasefire. Despite recent declines following conflict de-escalation, analysts are revising forecasts. Meanwhile, U.S. crude and gasoline inventories dropped last week, with markets awaiting official government data. Tanker traffic through the Strait of Hormuz…

The Economic Times

Iran shuts door on US peace talks, insists Hormuz stays under its control

Iran has refused to meet with top US envoys, casting doubt on peace prospects. Disagreements persist over a ceasefire and terms for lifting the Strait of Hormuz blockade. While shipping has partially resumed, Iran insists on controlling traffic and imposing tolls, a stance the US opposes. The conflict's impact on…

The Economic Times

Crude Prices Fall as Global Oil Supply Risks Ease

August WTI crude oil (CLQ26 ) on Tuesday closed down -1.25 (-1.77%), and August RBOB gasoline (RBQ26 ) closed down -0.0063 (-0.22%). Crude oil and gasoline prices retreated on Tuesday, with crude settling sharply lower. Crude oil prices gave up an early advance and turned lower on Tuesday amid signs...

Barchart

How Low Can Crude Oil Go?

News of a deal to end hostilities between the U.S. and Iran has sent crude oil prices to the lowest level since March 2026. If the Strait of Hormuz opens to traffic and attacks cease, crude oil prices could head for the late 2025 low or lower. However, if hostilities…

Barchart

In phone conversation with Iran Prez, PM Modi reiterates importance of freedom of navigation in Hormuz

Prime Minister Modi held a telephonic discussion with Iran's President Masoud Pezeshkian, focusing on West Asian developments and the crucial freedom of navigation in the Strait of Hormuz. Modi emphasized dialogue and diplomacy for regional peace and stability. Iran's President also extended an invitation to Prime Minister Modi for the…

The Economic Times

Crude Prices Slip as Global Oil Supply Risks Recede

August WTI crude oil (CLQ26 ) today is down -0.59 (-0.83%), and August RBOB gasoline (RBQ26 ) is up +0.0078 (+0.27%). Crude oil and gasoline prices are trading mixed today. Crude oil prices gave up an early advance and turned lower today amid signs that more crude is flowing through...

Barchart

Morgan Stanley Cuts Oil Price Forecast As Strait Of Hormuz Traffic Rebounds Faster Than Expected

Morgan Stanley (NYSE:MS) lowered its oil price forecasts for this year and next after noting that oil tankers are moving through the Strait of Hormuz faster than expected.

Benzinga

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The Economic Times

Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil market reacts to US-Iran talks, Strait of Hormuz developments and supply outlook

Oil prices posted gains during Tuesday's trading, but both Brent and US WTI crude futures remained on course for their biggest quarterly decline since 2020. Traders are watching US-Iran discussions, the Strait of Hormuz, global supply expectations, Iraq's crude pricing and analyst forecasts to understand where the oil market may…

The Times of India

'Hands off' Strait of Hormuz: Iran says foreign intervention will 'only complicate issues'

Iran has confidently declared its readiness to maintain order in the Strait of Hormuz, insisting that foreign intervention is unnecessary and could destabilize the region. Furthermore, discussions with the US, arranged by Qatar, are expected to focus on the existing interim agreement rather than on new negotiations for a final…

International Business Times UK

How China Cashed In on the Hormuz Crisis While the US and Iran Were Busy Fighting

The Strait of Hormuz crisis disrupted global markets, but China's strategic reserves and clean energy investments mitigated its impact, highlighting vulnerabilities in other Asian economies.

Euronews

US envoys Witkoff and Kushner land in Qatar for fresh Iran war talks

Qatar said Trump's envoys arrived on Tuesday to meet mediators on "all regional issues," as Tehran confirmed sending its own delegation to Doha this week but denied agreeing to meet US counterparts "at any level". The visit follows four days of strikes in the Strait of Hormuz that paused on…

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Benzinga

Kevin Hassett Says Gas Prices Will Drop Once Strait Of Hormuz Traffic Returns To Normal—Democrat Senator Calls Recent Price Hike 'Unacceptable'

President Donald Trump‘s top economic advisor, Kevin Hassett, said on Monday that gas prices in the U.S. will come down to pre-Iran war levels once the traffic through the Strait of Hormuz moves normally.

The Times of India

Hormuz, Suez, Taiwan Strait: Why the world’s supply chains now need war-room planning

Global supply chains face unprecedented threats as maritime chokepoints become geopolitical battlegrounds. The US-Iran conflict highlighted how disruptions in vital waterways like the Strait of Hormuz and Bab el-Mandeb trigger widespread economic fallout, from soaring freight rates to increased inflation. Other critical routes, including the Suez, Taiwan, Malacca, and Panama…

The Economic Times

Strait of Hormuz: Strategic chokepoint in shadow of geopolitics

The Strait of Hormuz, a key chokepoint for the global trade of crude oil and liquefied natural gas, is at the centre of disputes in negotiations to end the Middle East war, even after the US and Iran signed a preliminary deal. About one-fifth of consumption of global oil and…

The Economic Times

Oil finds its way: Supertankers return to Persian Gulf

Supertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran conflict. Shipping data indicates a significant increase in commodity vessel traffic, including oil tankers, signalling renewed confidence among shipowners. This return of large carriers, with a combined capacity…

France 24

How ships are risking ‘safe’ passage through the Strait of Hormuz

A plan to divert shipping through an alternative corridor off the Omani coast to avoid the threat of mines in the Strait of Hormuz has come under scrutiny after two attacks on ships in recent days. Though Iran and Oman agreed to engage in talks on Monday on the strait's…

International Business Times UK

Iran Calls Out Trump: 'No Direct Meetings' in Qatar Amid Ceasefire Tensions

Iran denies US meeting claims as both nations prepare for Doha talks amid ceasefire tensions and ongoing disputes over the Strait of Hormuz

The Independent UK

Iran-US war latest: Vance says US in ‘great position’ even if talks fail in Qatar

Jared Kushner and Steve Witkoff will discuss the state of negotiations with mediators

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