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The Latest Breaking News from the Strait of Hormuz

Oil Price Today (June 25): Crude oil erases Iran war gains as Hormuz traffic boosts supply. What are experts saying?

Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.

The Economic Times

30 India-bound ships cross Strait of Hormuz since Iran war began, 26 more await transit

Thirty ships bound for India have successfully navigated the Strait of Hormuz, a crucial route disrupted by recent geopolitical tensions. An additional 26 vessels are awaiting passage. Among those that transited, a significant portion carried vital energy supplies like LPG and LNG, alongside bulk cargo and crude oil. This development…

The Economic Times

Traffic flows through Hormuz continue to improve as IMO evacuation begins: Monitor

Traffic through the Strait of Hormuz is showing a marked improvement following a US-Iran agreement, with an average of 22 commodity ships daily since June 15, a significant rise from pre-agreement levels. New IMO evacuation routes are also facilitating the passage of vessels, with hopes of evacuating around 50 seafarers…

The Economic Times

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Oil prices fall as tankers exit Strait of Hormuz

Oil prices are dropping significantly as tankers resume passage through the Strait of Hormuz following a preliminary peace accord between the US, Israel, and Iran. This easing of supply concerns has pushed prices towards pre-war levels, surprising many analysts. Despite ongoing demining efforts, the flow of oil is expected to…

The Economic Times

Dalal Street set for a positive start as GIFT Nifty trades higher

Indian markets bounced back strongly on Wednesday, with the Nifty closing over 24,000, fueled by renewed buying and falling energy prices. Brent crude dipped, easing concerns about the Strait of Hormuz. Despite a rise in market fear gauge, foreign institutional investors offloaded shares while domestic investors showed robust buying. The…

The Economic Times

Power outages and melting roads: Heatwave strains French infrastructure

Power outages, train delays, and melting roads – the current heatwave is straining France's infrastructure. Electricity provider EDF says it has had to reduce its nuclear power output, but that it still has enough capacity to meet demand. Also in the show: the UN's International Maritime Organization starts evacuating some…

France 24

Rubio reassures UAE, Kuwait as scepticism over Iran deal persists

US Secretary of State Marco Rubio assured Gulf allies of their security during a visit to the UAE and Kuwait, addressing skepticism over a proposed deal to end the U.S.-Iran war. The accord includes a $300 billion fund and sanctions waivers for Tehran. Rubio emphasized the U.S. commitment to regional…

The Economic Times

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Iran war pushes climate movement into action as it gathers in sweltering London

IN FOCUS: Record June heat and ongoing impacts of the closure of the Strait of Hormuz instil renewed sense of purpose as more than 100,000 people gather for London Climate Action Week. Nick Ferris reports

The Independent UK

Trump gets trapped between 'rockets and feathers', squirms for exit

US President Donald Trump has ordered a Justice Department investigation into major oil companies, accusing them of keeping gasoline prices artificially high despite a recent fall in crude oil prices. The move reflects frustration that fuel prices have not dropped as quickly as he had promised after tensions with Iran…

The Economic Times

Tehran labels framework deal 'US defeat' as Trump threatens to halt talks

Iranian key negotiator hailed the US–Iran framework deal as a “declaration of US defeat,” while Trump warned that talks would end immediately if reports that Tehran is seeking to impose tolls on ships transiting the Strait of Hormuz prove to be true.

Euronews

War-induced fertilizer shortage may be reducing US soil and water pollution

American farmers are expected to plant several million fewer acres of corn in 2026 than they did in 2025, as the closure of the Strait of Hormuz throttles a key fertilizer trading corridor, along with the energy and raw materials needed to produce and transport fertilizer.

The Conversation

Brent crude hits lowest since before start of Mideast war as more tankers exit Hormuz

Global oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interim deal with Iran is unlocking stored crude, potentially boosting sales significantly. While U.S. inventories remain tight, rising fuel stockpiles and a forecast cut by J.P. Morgan also contributed to…

The Economic Times

Brent Crude Falls To Lowest Level Since The Day Before The Iran War Began

Oil prices continue to drop as shipping through the Strait of Hormuz resumes.

International Business Times

U.N. Maritime Agency Launches Plan to Evacuate 11,000 Seafarers Stranded in Strait of Hormuz

The United Nations' maritime agency has begun implementing a large-scale operation to evacuate more than 11,000 seafarers stranded aboard hundreds of vessels in and around the Strait of Hormuz.

International Business Times

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The Economic Times

Gold prices fall Rs 2,200/10 gms; silver tanks Rs 3,300/kg as rate hike fears outweigh falling oil prices. Key levels to watch

Gold and silver prices fell sharply on MCX on Wednesday as a stronger U.S. dollar and rising expectations of Federal Reserve rate hikes dampened sentiment, outweighing support from easing oil prices and the gradual reopening of the Strait of Hormuz.

France 24

Iran-US technical talks to be held in Switzerland by end of June, Rubio says

US Secretary of State Marco Rubio said during his tour of Gulf countries Wednesday that he believed technical talks between the United States and Iran would resume on June 29 or 30 in Switzerland. Earlier Israel’s Defence Minister Israel Katz said Israel would not withdraw from south Lebanon, even under…

The Economic Times

UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEA

United Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alternative routes, extensive storage, and strategic shipping, the UAE successfully navigated Gulf tensions. Exports surged from 1.9 million barrels daily in March to 4.3 million in early June, demonstrating resilience amidst global…

The Economic Times

Oil Price Today (June 24): Crude oil near 4-month low as more tankers pass through Hormuz. What are experts saying?

Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that more oil tankers stranded in the Gulf since the start of the Iran conflict are preparing to move through the Strait of Hormuz.

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The Economic Times

Oil prices extend decline on expectations of smoother crude flows via Hormuz

Oil prices dipped to four-month lows as tensions eased between the US and Iran, paving the way for more tankers to navigate the Strait of Hormuz. Following peace talks and a sanctions waiver, Iran's oil sales are expected to increase. Discussions are ongoing regarding navigation in the vital waterway, with…

The Times of India

UN launches evacuation of 11,000 stranded sailors in Strait of Hormuz amid US-Iran toll dispute

The UN is actively facilitating the evacuation of approximately 11,000 sailors from the Strait of Hormuz, a critical move emerging from a recent US-Iran peace accord. While maritime activities begin to resume, disputes linger regarding the future management and potential tariffs of the strait's usage. The US upholds its position…

The Economic Times

UN starts evacuation of 11,000 seafarers stranded in Strait of Hormuz after ceasefire

A major evacuation plan is now underway for over 11,000 seafarers aboard hundreds of ships stranded in the Gulf. Following a ceasefire deal between Iran and the U.S., the UN's International Maritime Organization is coordinating the phased departure through the Strait of Hormuz. Safety guarantees have been secured, with temporary…

The Economic Times

'All-time record, Strait totally open': Trump says 19 million barrels of oil exited Hormuz on Monday

President Trump announced unprecedented maritime activity in the Strait of Hormuz following a new diplomatic understanding with Iran. He claimed record oil flow and asserted that oil prices are falling, making the world safer. The US also aims to permanently block Iran's path to nuclear weapons, while regional stability remains…

The Economic Times

Rubio arrives in UAE with aim to head off Gulf Arab unease over tentative Iran deal

US Secretary of State Marco Rubio is in the UAE to address concerns over a new Iran deal. The agreement, brokered by Vice President JD Vance, aims to end regional hostilities and reopen the Strait of Hormuz. Rubio emphasized that Iran's leadership must choose to be a nation, not a…

The Economic Times

Rubio says US will not accept Iranian tolls on Hormuz

US Secretary of State Marco Rubio firmly stated that Washington will not permit any tolls on the Strait of Hormuz, an international waterway. This comes as Iran and Oman announced they would study administration and costs for the route, asserting sovereignty. Meanwhile, the UN is set to evacuate over 11,000…

Barchart

Crude Oil Prices Fall as Oil Supplies Flow Through the Strait of Hormuz

August WTI crude oil (CLQ26 ) today is down -0.67 (-0.91%), and August RBOB gasoline (RBQ26 ) is down -0.0534 (-1.85%). Crude oil and gasoline prices are under pressure today, with crude oil falling to a 3.5-month low. Today’s rally in the dollar index ($DXY ) to a 13-month high...

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