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The Latest Breaking News from the Strait of Hormuz

Crude Oil Prices Soar as US-Iran Tensions Escalate

September WTI crude oil (CLU26 ) today is up +5.31 (+6.70%), and September RBOB gasoline (RBU26 ) is up -0.0802 (+2.55%). Crude oil and gasoline prices are soaring today amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated after President...

Barchart

Houthis to copy Iran's Hormuz playbook with Red Sea toll plan

Yemen's information minister said intelligence confirmed IRGC advisers were directly involved in designing a Houthi-enforced toll system for the Bab el-Mandeb, mirroring Iran's contested claim to charge fees in the Strait of Hormuz.

Euronews

Iran rejects Hormuz deal and launches surprise strike on US forces in Jordan

Tehran rejected an Omani proposal to divide the strait equally and declared Hormuz would "never return to its prewar situation," hours before the IRGC launched multiple ballistic missiles at US forces in Jordan in what CENTCOM called an attempted surprise attack.

Euronews

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Iran Is Seeking To Charge Tolls For Passage Through The Strait Of Hormuz. The Houthis Will Reportedly Seek To Do The Same

Iran-backed Houthi rebels are considering charging fees for passage through the Red Sea, following Iran's intention to pursue such a move, according to a new report.

International Business Times

How the Strait of Hormuz closure could lead to the spread of invasive species

IN FULL

The Independent UK

Iran rules out Oman's proposal for regional joint management of Hormuz Strait, senior Iranian official tells Reuters

Iran has rejected Oman's proposal for joint management of the Strait of Hormuz. A senior Iranian official stated the plan has no chance of success. The official added that the US and Saudi Arabia are pressuring Oman. They are trying to advance their unrealistic plans for the strategic waterway. Tehran…

The Economic Times

Iran-US war latest: Trump resumes ‘heavy waves of strikes’ on Iran after vowing to avenge surprise missile attack

Iran targeted US bases in Jordan and claims to have struck three tankers in Strait of Hormuz

The Independent UK

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'No plans to negotiate with US': Iran dismisses Trump's claims, says Washington 'pleaded for end of conflict'

In a firm stance, Iran's Deputy Foreign Minister has made it clear that there are no intentions to negotiate with the United States. Instead, the focus remains on fruitful discussions with Oman. He warned that any European naval ships entering the Strait of Hormuz would be treated as legitimate targets.…

The Economic Times

Ships transiting via Bab el-Mandeb strait at highest in a week, data shows

Thirty-seven commodity ships passed through the Bab el-Mandeb strait on Tuesday, a notable increase. Only a few vessels transited the Strait of Hormuz, indicating a shift in shipping routes. Yemen's Houthis claimed missile attacks on a Saudi oil tanker in the Red Sea. China has engaged in direct talks with…

The Economic Times

India urges de-escalation in West Asia, condemns Strait of Hormuz attacks

India voiced deep concern over escalating West Asian hostilities and maritime attacks. The nation strongly condemned recent attacks on vessels transiting the Strait of Hormuz. India called for an immediate de-escalation of tensions and unimpeded navigation. The country also highlighted the humanitarian crisis in Gaza and the situation in Yemen.…

The Economic Times

Oil Price Today (July 29): Crude oil jumps 5% as US intercepts Iranian 'surprise attack’. Big rally ahead?

Brent crude jumped 5% to around $88 a barrel, recovering after its biggest three-day decline since April 2020. The U.S. West Texas Intermediate (WTI) crude advanced $.67, or .47%, to $83.

The Economic Times

US shoots down Iranian missile as Saudi joins strikes against Iran-backed militias

US Iran war news: United States forces intercepted an Iranian ballistic missile attack targeting American troops. US and Saudi Arabia forces then struck Iran-backed militia positions in Iraq. These actions followed recent drone attacks and military escalation around the Strait of Hormuz. Iran-backed groups denied involvement, while Houthi rebels claimed…

The Economic Times

Oman presents Iran with Gulf-backed plan to ease Strait of Hormuz tensions

Oman has presented Iran with a Gulf-backed proposal to jointly manage the Strait of Hormuz, including a system of voluntary fees for ships using the strategic waterway, according to a Gulf source and a Western diplomat. The plan aims to provide a framework for restoring stable shipping through the strait…

France 24

Crude Oil Prices Sink on Renewed Hopes of a US-Iran Peace Deal

September WTI crude oil (CLU26 ) on Tuesday closed down -3.35 (-4.06%), and September RBOB gasoline (RBU26 ) closed down -0.0253 (-0.80%). Crude oil and gasoline prices settled sharply lower on Tuesday for a third day, with crude falling to a 1-week low. Crude prices added to Monday’s sharp losses...

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International Business Times UK

Oman Pitches Iran Voluntary Fee Plan for Hormuz Ships Modelled on Malacca Strait System

Oman suggests voluntary fees for ships using the Strait of Hormuz, aiming to ease tensions and stabilise oil markets. The proposal mirrors the Malacca model, but Iran's agreement is crucial.

The Economic Times

Why is Oman proposing a new plan to manage the Strait of Hormuz?

Oman has proposed a regional management plan for the Strait of Hormuz. This plan suggests voluntary fees to cover operational costs and services. Iran previously sought to control the strait and charge transit fees. The United States also considered charging for passage through the waterway. International law generally prohibits charging…

Barchart

Crude Oil Prices Pressured by Optimism Over Iran Negotiations

September WTI crude oil (CLU26 ) today is down -3.25 (-3.93%), and September RBOB gasoline (RBU26 ) is down -0.0304 (-0.96%). Crude oil and gasoline prices are sliding today, with crude falling to a 1-week low. Crude prices added to Monday’s sharp losses today on optimism over negotiations to reopen...

International Business Times

Iran Is Holding Talks About The Future Of Hormuz With Oman And Saudi Arabia. Oil Keeps Dropping

Iranian Foreign Minister Abbas Araghchi held talks with Omani and Saudi counterparts about the future of navigation through the Strait of Hormuz.

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International Business Times

Iran Wants To Charge Fees For Passage Through The Hormuz Strait. Some Gulf Countries Back a Voluntary Scheme

Gulf states have backed a proposal that would allow Iran to charge fees to vessels going through the Strait of Hormuz if the payments are made voluntarily.

Euronews

The timing of war and peace is not yours to decide, Iran tells US

Tehran's foreign ministry said Iran would not allow Washington to determine "the timing of war and peace," as Trump claimed the Islamic Republic had requested negotiations and mediators sought to revive the collapsed interim deal.

Benzinga

Iran, Oman Reportedly Work Out Hormuz Deal as Trump Sees 'Very Friendly Negotiations' On Ending the War: 'Good Chance…Something Could Happen'

A pause in U.S.-Iran hostilities has sped up diplomatic efforts to secure a temporary agreement to reopen shipping through the Strait of Hormuz, a major flashpoint in the conflict.

The Economic Times

Iran will never reach understanding with US, deputy parliament speaker says

Iran's Deputy Parliament Speaker Hamidreza Haji Babaei stated no understanding with America is possible. He emphasized the Strait of Hormuz as a significant source of Iranian power. Babaei reiterated strong support for regional resistance movements and their strength. He also issued a stern warning to Ukraine regarding actions in the…

The Economic Times

Oil Price Today (July 28): Crude oil dips 10% in two sessions as US, Iran mull peace talks. What are experts saying?

Brent crude futures were down $0.78, or 1%, at $88 a barrel, while US West Texas Intermediate crude fell $0.88, or 1.1%, to $82. Both benchmarks had dropped 1% earlier in the session, touching their lowest levels in more than a week.

Bangkok Post

Thailand to purchase oil outside the Middle East

Thai energy authorities and oil traders are preparing to import more crude oil from outside the Middle East as the escalating conflict disrupts two key shipping routes — the Red Sea and the Strait of Hormuz.

International Business Times UK

Global Petrol Prices Soar as Strait of Hormuz Shipping Drops to Three-Week Low Following Iran Blockade

Global petrol prices rise as tensions in the Strait of Hormuz disrupt shipping routes, affecting energy supplies. Diplomatic efforts continue amid regional instability and military stand-offs.

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