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The Latest Breaking News from the Strait of Hormuz

Crude Prices Fall Sharply as Geopolitical Risks Ease

May WTI crude oil (CLK26 ) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26 ) closed down -0.2993 (-9.06%). Crude oil and gasoline prices plummeted on Wednesday, with crude posting a 1.5-week low and gasoline posting a 2-week low. Crude prices plunged on Wednesday after the US...

Barchart

Trump's Iran Ceasefire in Peril After Israel Escalates Against Hezbollah and Iran Closes the Strait of Hormuz Again

President Donald Trump presented the new U.S.-Iran ceasefire as a breakthrough, a two-week pause that would reopen the Strait of Hormuz, calm oil markets, and pull the region back from a wider war. Within hours, that message was already colliding with reality as Israel intensified its campaign against Hezbollah in…

Latin Times

World economy counts cost of war as strait closes again

The economic costs of conflict are greater than severe natural disasters and can leave scars that last for a decade, the world's "financial firefighter" says.

AAP

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US desperate for ceasefire? Trump forced Pakistan to broker temporary truce with Iran

For weeks, the Trump administration relied on Pakistan to act as an intermediary, urging it to persuade Iran to agree to a pause in hostilities that would allow the reopening of the Strait of Hormuz. Islamabad’s role as a Muslim-majority neighbour was seen as key to making the proposal acceptable…

The Times of India

Iran's Supreme Council Said Its War Objectives Were 'Nearly All Achieved' — Trump Called the Same Deal a 'Win' for America

Explore the conflicting narratives from the US and Iran following the announcement of a ceasefire in the US-Israeli war against Iran, brokered by Pakistan.

International Business Times UK

US declares ‘V for Victory’ in Iran but chaos in the Strait of Hormuz and Lebanon continues

A major escalation in Lebanon by Israel threatens to derail the Iran ceasefire less than a day after it was announced

The Independent UK

Iran Says It's Halting Passage Through Strait Of Hormuz Due To Israeli Attacks In Lebanon And Is 'Working On Its Response'

Iran said it's halting passage through the Strait of Hormuz as a result of Israeli attacks in Lebanon, as the announced ceasefire with the U.S. continues to be under pressure.

International Business Times

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Stocks surge and oil tumbles amid US-Iran ceasefire

The FTSE 100 closed up 260.09 points, 2.5%, at 10,608.88.

Evening Standard

White House, pressed on threat to destroy Iran, stresses ‘results’

The White House struggled Wednesday to explain and defend President Donald Trump’s threat to end Iranian civilization, with his top spokesperson crediting his tough talk with fostering a fragile two-week ceasefire deal already being tested in the Strait of Hormuz and Lebanon. Karoline Leavitt, White House press secretary, was peppered…

Roll Call

Strait of Hormuz: How Trump gave Iran a weapon deadlier than any nuke

A recent conflict has shifted control of the vital Strait of Hormuz. Iran may now charge transit fees for ships passing through. This follows a US-Iran ceasefire agreement. The situation signals a significant change in regional maritime control. Global oil trade routes are impacted by these developments.

The Times of India

Crude Prices Plummet on US-Iran Ceasefire Agreement

May WTI crude oil (CLK26 ) today is down -17.10 (-15.14%), and May RBOB gasoline (RBK26 ) is down -0.3070 (-9.29%). Crude oil and gasoline prices are falling sharply today, with crude sliding to a 1.5-week low and gasoline falling to a 2-week low. Crude prices plunged today after the...

Barchart

Ceasefire offers Trump exit as Iran war becomes political liability

The ceasefire deal with Iran might come at the right moment for Donald Trump, as it could stop the erosion of domestic support for the President. But Trump is left facing scrutiny over why and for what did the US get into war.

Euronews

‘Big money will be made’: Trump declares a ‘Golden Age of the Middle East’ after cutting a last-minute deal with Iran

From the brink of apocalypse to “Golden Age.”

We Got This Covered

Starmer Heads to Gulf as UK Pushes to Secure Hormuz Lifeline After Ceasefire

Keir Starmer is heading to the Gulf in a high-stakes diplomatic push to secure the long-term reopening of the Strait of Hormuz following a fragile ceasefire between the United States and Iran. The narrow waterway, critical for global oil and gas shipments, has been at the center of escalating tensions…

The Times of India

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International Business Times

Iran's Hormuz Toll Plan Sparks Rift As Ceasefire Leaves Shipping Rules Unclear

Iran's plan to charge vessels passing through the Strait of Hormuz is emerging as a major point of contention following a fragile ceasefire with the U.S.

International Business Times

Iran Won't Reopen Strait Of Hormuz On Wednesday Despite Ceasefire Announcement: Report

Iran won't reopen the Strait of Hormuz on Wednesday despite the ceasefire announced along with the U.S., according to a new report.

Euronews

Europe hails US-Iran ceasefire. Yet major questions hang over deal

The US-Iran ceasefire deal leaves several crucial questions unanswered for Europeans, who now find themselves excluded from the diplomatic process and scrambling to contain the ripple effects from the war.

Evening Standard

Starmer arrives in Gulf for talks with allies after US-Iran ceasefire agreed

Tehran must reopen the Strait of Hormuz for shipping as part of the deal.

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International Business Times

Trump Reportedly Considering Joint U.S.-Iran Venture To Charge Fees For Passage Through Strait Of Hormuz

President Donald Trump is considering a joint U.S. venture with Iran to charge vessels for safe passage through the Strait of Hormuz after the two countries announced a ceasefire, according to a new report.

The Independent UK

Watch: Ships begin moving through Strait of Hormuz again after US and Iran agree ceasefire

Ships have begun passing through the Strait of Hormuz again after the US and Iran announced a two-week ceasefire.

International Business Times

Oil Prices Plunge Below $95 as Trump Announces Iran Ceasefire: Markets React Wildly

World oil prices tumbled sharply Wednesday after President Donald Trump announced a framework ceasefire between the United States, Israel and Iran, easing fears of prolonged disruption to crude flows through the Strait of Hormuz and sending Brent crude futures plunging more than 13% in early trading.

International Business Times

Dow Futures Surge Over 1,000 Points as Oil Tumbles on Trump Iran Ceasefire

U.S. stock futures soared early Wednesday while oil prices plunged after President Donald Trump announced a two-week ceasefire with Iran, contingent on Tehran allowing the safe reopening of the Strait of Hormuz, triggering a sharp relief rally across global markets and easing fears of prolonged energy disruptions from the five-week…

The Conversation

Middle East conflict: this ceasefire may have made Iran stronger

Ceasefires are often presented as moments of relief – pauses in violence that open the door to diplomacy. But sometimes they reveal something more consequential: who has actually gained from the war. The emerging ceasefire between the US, Israel and Iran may be one of those moments.

International Business Times

Is Strait of Hormuz Open Now? Strait of Hormuz Partially Reopens Under Fragile US-Iran Ceasefire

The Strait of Hormuz, the narrow chokepoint that carries roughly one-fifth of the world's oil and liquefied natural gas, is no longer fully closed but remains heavily restricted as a two-week ceasefire between the United States and Iran took effect Tuesday, allowing selective "safe passage" for approved vessels while thousands…

International Business Times UK

Iran Ceasefire: Will Petrol Prices Finally Return To Normal This Week?

A fragile Iran ceasefire has reopened the Strait of Hormuz, driving oil prices down and raising hopes UK petrol costs may fall, but uncertainty lingers over whether relief will reach drivers.

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