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The Latest Breaking News from the Strait of Hormuz

Trump promised peace in the Gulf but delivered chaos. Now Iran’s Revolutionary Guard is hijacking ships under his ‘ceasefire’

Iran just seized two more ships in the Strait of Hormuz, and the chaos President Donald Trump promised would never happen is now spiraling out of control. The Panama-flagged MSC Francesca and the Greek-operated Epaminondas were both stopped by Iran’s Revolutionary Guard and towed to shore, marking the first time…

The Mary Sue

US Secretary of the Navy Abruptly Departs from His Post

In a shocking twist of events, the US Secretary of the Navy, John Phelan, was ousted from his post. He’s the latest Trump official to be relieved from his position. But the timing has left people uncertain, as there is an ongoing blockade at the Strait of Hormuz.

The Mary Sue

Deal or Die: Trump's Iran playbook takes a dark turn

TOI Correspondent from Washington: US President Donald Trump on Wednesday escalated his rhetoric against Iran to a new pitch, appearing to endorse the idea of eliminating Iranian leaders who oppose a deal, two weeks after he threatened to annihilate a civilisation --- even as he doubled down on claims of…

The Times of India

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China Holds Largest Oil Stockpiles As Prolonged Iran War Raises Fears Of Global Supply Shock: Report

China's aggressive oil stockpiling surge ahead of the Iran war is reshaping global energy security dynamics as supply risks intensify in the Strait of Hormuz.

International Business Times

Supply Risks Boost Cocoa Prices

May ICE NY cocoa (CCK26 ) today is up +24 (+0.72%), and May ICE London cocoa #7 (CAK26 ) is up +14 (+0.56%). Cocoa prices are moving higher today on concern that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global cocoa supplies. The closure...

Barchart

U.S. sailor en route to Strait of Hormuz sidelined by monkey attack

Officials say the attack is a reminder that military missions face unexpected troubles and disruptions.

Axios

Trump orders US Navy to ‘shoot and kill’ Iranian mine boats in Hormuz

Iranians are ‘having a very hard time figuring out who their leader is’, says president

The Independent UK

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Crude Oil Prices Underpinned as Iran War Tightens Global Oil Supplies

June WTI crude oil (CLM26 ) today is up +0.44 (+0.47%), and June RBOB gasoline (RBM26 ) is up +0.0093 (+0.29%). Crude oil and gasoline prices are moving higher today, with gasoline climbing to a 3.75-year high. Energy prices remain underpinned as the Strait of Hormuz remains essentially closed, threatening...

Barchart

Crypto scam takes advantage of Strait of Hormuz crisis by taking fake payments, leading to two ships being fired upon — two vessels reportedly fell victim and paid fake 'Iranian authorities'

Two vessels waiting to transit the Strait of Hormuz reportedly fell victim to scammers posing as Iranian authorities and asking for transit fee payments in crypto.

Tom’s Hardware

Has the Strait of Hormuz emerged as Iran’s most powerful form of deterrence?

One of the US and Israel’s justifications for launching the war on Iran was to ensure the regime in Tehran could never possess nuclear weapons, the ultimate deterrent against external attack. But the main lesson that has been taken from the war, according to some commentators, is that Iran’s own…

The Conversation

‘The biggest energy security threat in history’: IEA chief warns 13 million barrels a day are gone with no cure in sight

IEA chief Fatih Birol says the world is losing 13 million barrels of oil a day, more than the two 1970s oil crises combined.

Fortune

Trump Says Iranian Officials Can't Figure Out 'Who Their Leader Is': 'They Just Don't Know!'

President Donald Trump said on Thursday that Iranian officials are "having a very hard time figuring out who their leader is" as the fate of negotiations continues to be uncertain.

International Business Times

Fallout from Iran war is ‘major new threat to foreign aid’

There are growing concerns that the economic fallout from the current conflict in the Middle East will push Gulf nations – who collectively provided more humanitarian aid than the US last year – turning away from foreign assistance

The Independent UK

Trump loses it over Iran peace deal failure and orders Navy to ‘shoot and kill’ over Hormuz Strait: ‘CRAZY!’

The U.S. Navy decommissioned four Avenger-class minesweepers last fall and returned them from the Persian Gulf aboard a large cargo ship this past January

The Independent UK

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International Business Times

Trump Says He Ordered U.S. Forces To 'Shoot And Kill' Iranian Boats Blockading The Strait Of Hormuz

President Donald Trump said on Thursday that he ordered U.S. forces to "shoot and kill" Iranian boats blockading the Strait of Hormuz.

Euronews

US and Iran continue seizing ships in tense Hormuz standoff

The US and Iran continued seizing ships in the tense Hormuz standoff, with Tehran calling Washington's blockade a “ceasefire violation” and claiming it has been collecting transit fees for passage.

International Business Times UK

Donald Trump Issues 'Shoot and Kill' Order to U.S. Navy as Strait of Hormuz Conflict Escalates

Donald Trump has told the US navy to 'shoot and kill' any Iranian boats laying mines in the Strait of Hormuz, hardening a blockade that is already roiling global energy markets and testing maritime law.

Evening Standard

Trump issues ‘shoot to kill’ order for boats laying mines in Strait of Hormuz

President Donald Trump has also directed the US navy to step-up clearance of the explosive devices from the critical Gulf waterway.

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International Business Times

Pentagon Tells Congress that Clearing Mines from the Strait of Hormuz Could Take Up to 6 Months

Pentagon officials told Congress Iran may have deployed at least 20 mines using both boats and GPS-guided remote systems in the Strait of Hormuz, according to a new report.

Euronews

EV sales spike nearly 50% in the EU in March amid Iran war energy fears

EV growth in the EU is accelerating as Iran war disruption to the Strait of Hormuz tightens global oil and gas supplies, driving fuel price volatility.

Fortune

The Iran war is pushing Southeast Asia to debate the once unthinkable: Whether ships will need to pay to transit the Strait of Malacca

Indonesia’s finance minister has floated the idea. Singapore and Malaysia are pushing back. Thailand sees an opportunity.

International Business Times

Trump Declares No Time Frame for Ending Iran Conflict as Strait of Hormuz Tensions Escalate

President Donald Trump declared Wednesday there is "no time frame" for ending the U.S. conflict with Iran, signaling an open-ended military and diplomatic posture even as a fragile ceasefire extension hangs in the balance and fresh clashes disrupt shipping in the Strait of Hormuz.

Barchart

Stocks Slip Before the Open on U.S.-Iran Talks Uncertainty, Earnings and PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.56% this morning as stalled U.S.-Iran talks and heightened tensions in the Strait of Hormuz pushed oil prices higher, dampening risk sentiment.

International Business Times

ASX 200 Slides 0.57% as Geopolitical Jitters and Profit Warnings Weigh on Australian Shares

The S&P/ASX 200 index closed lower Thursday, shedding more than 50 points as renewed uncertainty over the Strait of Hormuz, a sharp drop in a major healthcare stock and broad sector rotation left investors cautious despite some resilience in energy and gold-related names.

International Business Times

Iran Claims 'Impossible' to Reopen Strait of Hormuz Due to 'Flagrant' Ceasefire Violations by US

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that it would be impossible to reopen the Strait of Hormuz due to the actions of the US.

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