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The Latest Breaking News from the Strait of Hormuz

Crude Oil Prices Slip on Hopes US-Iran Peace Talks to Resume

June WTI crude oil (CLM26 ) today is down -0.36 (-0.38%), and June RBOB gasoline (RBM26 ) is down -0.0073 (-0.22%). Crude oil and gasoline prices gave up early gains today and turned lower after Pakistan said a second round of US-Iran peace talks is expected. Optimism that the US...

Barchart

High petrol prices are fuelling interest in EVs. Here’s how this could bring down electricity bills

With oil prices skyrocketing following the US and Israel’s bombing of Iran, and the subsequent closure of the Strait of Hormuz, motorists around the world have been looking for ways to save money.

The Conversation

Iranian Foreign Minister Heads To Pakistan But Not For U.S. Talks, Media Says

Iranian Foreign Minister Abbas Araghchi is heading to Pakistan on Friday, but not for talks with the United States, Iranian state media IRNA reported.

International Business Times

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‘Have less fancy conferences and get in a boat’, Hegseth tells UK and allies

The US defence secretary dismissed efforts being led by Britain and France over the future security of the Strait of Hormuz as ‘silly’.

Evening Standard

Trump on the Strait of Hormuz Stuns Allies With 'I'm the One Who Kept It Closed' Amid Rising US-Iran War Tensions

Trump's claim over the Strait of Hormuz, saying 'I keep it close', fuels US-Iran tensions and raises concerns over control of the key oil route

International Business Times UK

Hegseth lashes out at Europe telling countries to ‘get in a boat’ and help in Iran war

IN FULL

The Independent UK

The Latest: Standoff intensifies in Strait of Hormuz after Trump issues ‘shoot and kill’ order

Tensions have intensified in the standoff between the U.S. and Iran over the Strait of Hormuz

The Independent UK

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Nasdaq Futures Rally on Upbeat Intel Earnings and Iran Talks Optimism

June Nasdaq 100 E-Mini futures (NQM26) are trending up +1.33% this morning as strong quarterly results and guidance from chipmaker Intel, along with optimism over potential U.S.-Iran talks, boosted sentiment.

Barchart

Third US aircraft carrier arrives in Middle East as Washington and Tehran clash over Strait of Hormuz

Iran and the United States continue to clash over control of the Strait of Hormuz, obstructing efforts to end the war

The Independent UK

The US protected ships from Iran in the Strait of Hormuz in the ‘80s. Could it again?

The U.S. Navy has long been familiar with the small boat tactics deployed by Iran’s paramilitary Revolutionary Guard

The Independent UK

Businesses spend millions on alternative route as Strait of Hormuz crisis continues

Slots go to the highest bidder, with prices soaring in recent weeks

The Independent UK

Iranian Footage Of IRGC Boarding Ships In Strait Of Hormuz Appears To Be Staged, Says BBC Verify

Iranian footage of IRGC boarding ships in the Strait of Hormuz is under scrutiny, with experts suggesting some scenes were staged after the ships were seized

International Business Times UK

Israel-Hezbollah ceasefire extended by three weeks, Trump says

Trump said Israel and Lebanon agreed to extend the Israel-Hezbollah ceasefire, which was set to expire on Monday, by three weeks. Meanwhile, the US and Iran persist in its tense standoff in the Strait of Hormuz.

Euronews

Iran-US war latest: Trump cancels Pakistan peace summit and says Tehran ‘can call us’ if they want to talk

Trump explained the US delegation was not going to travel that far to Pakistan ‘without a plan’

The Independent UK

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The Independent UK

US sailor heading for the Strait of Hormuz evacuated after monkey attack

‘Weird stuff happens,’ a military official said of the bizarre incident

The Conversation

Strait of Hormuz: Iran’s ‘nuclear deterrent’

This is the text from The Conversation UK’s World Affairs Briefing email. Sign up here to receive weekly analysis of the latest developments in international relations, direct to your inbox.

International Business Times

Iran Reportedly Deploys More Mines In The Strait Of Hormuz Amid Lack Of Talks

Iran has continued laying mines in the Strait of Hormuz as negotiations with the U.S. remain at a standstill, according to a new report.

International Business Times UK

'Completely Unacceptable': Strait of Hormuz Could Take 6 Months to Fully Open But Pentagon Dismisses Report

The Pentagon denies claims that reopening the Strait of Hormuz could take six months, amid escalating tensions between Iran and the US.

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International Business Times

Brent Crude Tops $105 As Strait Of Hormuz Remains Closed, Negotiations At a Standstill

The price of Brent crude oil continued to rise on Thursday as the Strait of Hormuz remains closed and negotiations between the U.S. and Iran is still deadlocked.

International Business Times

Trump Says He Has 'All The Time In The World' To Make a Deal With Iran, Which Doesn't

President Donald Trump said he has "all the time in the world" to make a deal with Iran and end the war, but Tehran is not in that same position because the blockade of the Strait of Hormuz is choking its finances.

PC Gamer

Crypto-scammers are offering cargo ships in the Strait of Hormuz safety for Bitcoin, and Iran's already fired on at least one

At least no-one's been hurt, yet.

Barchart

Crude Oil Prices Surge on Signs Iran War Will Persist

June WTI crude oil (CLM26 ) on Thursday closed up +2.89 (+3.11%), and June RBOB gasoline (RBM26 ) closed up +0.0858 (+2.65%). Crude oil and gasoline prices settled sharply higher on Thursday, with gasoline climbing to a 3.75-year high. Energy prices remain underpinned as the Strait of Hormuz remains essentially...

Axios

Iran deploys more mines in the Strait of Hormuz, sources say

The military standoff in the world's most important oil chokepoint is escalating.

Barchart

Heightened Supply Risks Boost Cocoa Prices

May ICE NY cocoa (CCK26 ) on Thursday closed up +30 (+0.90%), and May ICE London cocoa #7 (CAK26 ) closed up +19 (+0.76%). Cocoa prices settled higher on Thursday amid heightened concerns that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global cocoa supplies....

Barchart

Coffee Prices Soar as Supply Risks Intensify

July arabica coffee (KCN26 ) on Thursday closed up +11.20 (+3.87%), and May ICE robusta coffee (RMK26 ) closed up +153 (+4.32%). Coffee prices rallied sharply on Thursday and posted 4-week highs. Concerns that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global coffee supplies...

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