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The Latest Breaking News from the Strait of Hormuz

Iran Reportedly Receives Draft For U.S. Deal That Would Restore Commercial Shipping Through Hormuz Strait Within a Month

A new draft to end the war between the U.S. and Iran would see commercial shipping through the Strait of Hormuz restored within a month, according to a new report.

International Business Times

Rubio Says Deal With Iran Could Take a 'Few More Days' After Hormuz Flare Up

Secretary of State Marco Rubio said a deal with Iran could take "a few more days" as negotiations continue after a flare up at the Strait of Hormuz on Monday.

International Business Times

Iranian missile likely involved in attack on ship in Strait of Hormuz, South Korea says

South Korea's Foreign Ministry stated an Iranian anti-ship missile was likely involved in an attack on a HMM cargo ship in the Strait of Hormuz. Debris analysis revealed components similar to Iranian-made turbojet engines and warheads resembling Iranian missiles. Iran's ambassador denied any involvement in the incident.

The Economic Times

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Potential U.S.-Iran Deal Could Reshape Global Oil Trade After Months Of War: Report

The conflict has disrupted global energy flows, pushed oil prices higher and renewed concerns about the security of one of the world's most important shipping routes.

International Business Times

Iran says ‘low’ possibility of return to war with US

TEHRAN - Iran’s Revolutionary Guards said on Wednesday that a return to war with the United States was unlikely, while warning that the Islamic republic stood ready against any attack.

Bangkok Post

US strikes Iran, Tehran hits back with attack on American air base

The United States carried out strikes on a ground control station in the south of Iran on Thursday, prompting retaliation from Tehran which targeted a US base in the most serious clashes since the April ceasefire began.

France 24

Trump gathers Cabinet as he looks to seal deal to end war that some backers worry will embolden Iran

President Trump is close to a deal to end the war with Iran. This agreement aims to reopen the Strait of Hormuz and reduce Iran's nuclear capabilities. However, critical issues remain unresolved. Some allies worry Iran's leaders may emerge stronger. Recent U.S. strikes in Iran have complicated ongoing talks.

The Economic Times

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

The United States and Iran appear to be nearing a deal to end the war

AAP

Oil Price Today (May 27): Crude oil hovers near $100 amid mixed cues on Iran war peace deal. What are experts saying?

Brent crude prices remained volatile as U.S. strikes in southern Iran and mixed signals from President Trump over talks with Tehran kept traders cautious. Disruptions through the Strait of Hormuz are increasing pressure on the global oil market, with inventories declining and potential production losses mounting.

The Economic Times

Iran says US violated ceasefire with strikes near Hormuz

Iran accused the United States on Tuesday of breaching a fragile ceasefire with strikes near the Strait of Hormuz, threatening efforts to end nearly seven weeks of conflict. Washington said the attacks were defensive, targeting missile sites and vessels allegedly laying mines.

France 24

Trump’s ‘Nice’ Peace Talks With Iran Blew Up After US Struck Missile Sites. Now, Tehran Vows a Response

Iran could further stall shipping in Hormuz, launch cyberattacks on U.S. infrastructure, or target U.S. allies.

The Mary Sue

Crude Oil Prices Decline as US-Iran Peace Plans Progress

July WTI crude oil (CLN26 ) on Tuesday closed down -2.71 (-2.81%), and July RBOB gasoline (RBN26 ) closed down -0.2046 (-6.10%). Crude oil and gasoline prices settled sharply lower on Tuesday, with crude falling to a 2.5-week low and gasoline dropping to a 5-week low. Crude prices are under...

Barchart

Oil price hits $100 as Brent Crude rises over 4 per cent. Will rate go further up?

US and Iran have been working on an agreement to end the Middle East war and reopen the crucial waterway to tanker and cargo traffic since a fragile ceasefire on April 8.

The Economic Times

Crude Oil Prices Fall on Hopes US-Iran War Near an End

July WTI crude oil (CLN26 ) today is down -2.28 (-2.36%), and July RBOB gasoline (RBN26 ) is down -0.1350 (-4.03%). Crude oil and gasoline prices are sharply lower today, with crude falling to a 2.5-week low and gasoline dropping to a 5-week low. Crude prices are under pressure amid...

Barchart

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The Independent UK

Hopes of quick Iran peace deal fade as Tehran accuses US of ‘gross violation’ of ceasefire with new strikes

Iran’s supreme leader said that countries in the region could ‘no longer be a shield for US bases’

The Conversation

Methanol, pistachios and cement: the other Iranian exports being choked by the war

The war between Iran, the US and Israel has escalated into a major global crisis, with consequences that are reaching far beyond the Middle East. The closure of the Strait of Hormuz, through which around 25% of the world’s oil ordinarily passes, has rattled global energy markets.

Latin Times

Rising Fuel Costs From Iran Conflict Push More U.S. Farmers Toward Financial Strain

The latest pressures stem largely from rising diesel and fertilizer prices following disruptions linked to continued instability around the Strait of Hormuz

Barchart

Stocks Jump on US-Iran Peace Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.72%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.42%. June E-mini S&P futures (ESM26 ) are up +0.62%, and June E-mini Nasdaq futures...

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The Independent UK

The 75-year-old military deadlock which Trump must learn from in his war with Iran

IN DEPTH: As the latest US strikes claim to target Iranian boats laying mines in the Strait of Hormuz, John W S Clark asks why no one is heeding the lessons of the past: that mine warfare will bring any ill-conceived conflict to a shuddering standstill

International Business Times UK

Rubio Calls Iran's Hormuz Blockade Illegal — Warns It Will Reopen 'One Way or the Other' as US Strikes Iran Again

Marco Rubio stresses the importance of keeping the Strait of Hormuz open amid rising tensions with Iran, following recent US military strikes

Latin Times

U.S. Frames New Strikes on Iran as 'Self-Defense' as Tehran Warns It Will 'Respond Decisively'

According to U.S. military officials cited by The New York Times, Iranian missile systems had recently threatened American warships and aircraft operating near the Gulf of Oman and Arabian Sea

Euronews

Oil steadies at $100 and markets stay volatile as US-Iran talks stall

Brent crude trades at $100 per barrel while European indices drop, Asian stocks close mostly flat and US equities open higher. Markets remain volatile as US-Iran talks stall and President Trump reiterates nuclear demands.

The Economic Times

Iran condemns US strikes as show of 'bad faith', warns of consequences

Iran has condemned US strikes as a breach of trust during peace talks. The US military stated the strikes were defensive. Negotiations are ongoing for a deal to end the war. The Strait of Hormuz remains a key point of discussion. The conflict impacts global food supplies. New proposals involve…

International Business Times

Brent Crude Rebounds After U.S. Strikes Iranian Forces And Tehran Says It Has The Right To Retaliate

Brent crude rebounded on Monday following U.S. strikes against Iranian forces in the Strait of Hormuz.

International Business Times

Asian And European Oil Markets Are Almost Depleted As Strait Of Hormuz Remains Closed, Strategist Says

Oil markets in Asia and Europe are almost depleted as the Strait of Hormuz remains closed, according to a veteran strategist.

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