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The Latest Breaking News from the Strait of Hormuz

Crude Oil Prices Tumble on US-Iran Peace Progress

July WTI crude oil (CLN26 ) today is down -1.92 (-2.51%), and July RBOB gasoline (RBN26 ) is down -0.0276 (-0.92%). Crude oil and gasoline prices gave up overnight gains and are sharply lower. Crude prices retreated today on signs of progress in US-Iran peace talks, including a waiver on...

Barchart

'The Strait of Hormuz Is Not Your Personal Casino': Iran Mocks Trump After Fresh Threat

Iran and Trump trade sharp threats over the Strait of Hormuz as tensions rise, with fiery exchanges over sovereignty, oil security, and regional military escalation.

International Business Times UK

Will the US-Iran talks in Switzerland deliver peace? It’s unlikely

When it was signed at the end of the G7 summit on June 17, the US-Iran memorandum of understanding (MoU) was hailed as a diplomatic breakthrough. By reopening the Strait of Hormuz, easing sanctions and launching a 60-day negotiating process, it felt like a positive step on the road to…

The Conversation

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Iran and US make progress on Hormuz despite Trump's explosive threats

JD Vance said 18 hours of talks in Switzerland had "laid a very good foundation" after both sides agreed a mechanism to keep the Strait of Hormuz open and maintain Lebanon's ceasefire, even as Trump threatened to hit Iran "only harder".

Euronews

Will Petrol Prices Rise Again in the UK? Strait of Hormuz Closure Could Hit Drivers Within Weeks

Iran's closure of the Strait of Hormuz could spike UK fuel prices and disrupt global energy markets. What this means for British drivers and how to mitigate rising costs?

International Business Times UK

Oil prices fall and stock markets rise as Iran claims ‘great progress’ made in peace talks with US

Brent crude futures were down despite Donald Trump’s renewed threats to ‘take over’ Iran unless it opens the Strait of Hormuz

The Independent UK

Number of ships passing through Strait of Hormuz plummets again after Iran closes waterway

The waterway was officially closed on Monday but a handful of ships are still getting through

The Independent UK

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Iran Walks Out of US Talks in Switzerland Amid Trump's Renewed Threats Over Lebanon

Iranian negotiators left US talks in Switzerland after Trump's threats over Lebanon, complicating efforts to ease regional tensions and reopen the Strait of Hormuz

International Business Times UK

Fertiliser supply situation eases

Worries about fertiliser supply have eased after Thailand-bound cargo ships were allowed passage through the Strait of Hormuz, but the government is still seeking additional sources of supply, the commerce minister said on Monday.

Bangkok Post

Lindsey Graham Reveals Trump's Plan to 'Obliterate' Iran and Seize World's Key Oil Route if Peace Talks Fail

US Senator Lindsey Graham warns of a potential military takeover of the Strait of Hormuz if diplomatic talks with Iran fail, highlighting escalating tensions and possible conflict in the Middle East.

International Business Times UK

Markets: Oil slips on US-Iran talks progress as pound falls on Keir Starmer exit

Oil prices retreated on Monday after signs of progress in US-Iran negotiations eased fears of ongoing supply disruptions in the Strait of Hormuz, a critical global oil transit route. In the UK, market watchers turned their attention to the departure of the country's prime minister.

Euronews

Iran, US establish communication line to safeguard shipping through Hormuz, say mediators

Iran and the United States have established a direct communication line to "avoid incidents and miscommunication" in the Strait of Hormuz, mediators Qatar and Pakistan announced on Monday after the first round of high-level talks under a 14-point Memorandum of Understanding (MoU).

The Economic Times

Hormuz 'communication line', Lebanon 'de-confliction cell': 5 key outcomes from first round of Iran-US talks

Iran and the US have achieved significant progress in high-level talks aimed at ending hostilities and reaching a political settlement. Key outcomes include a 60-day roadmap for a final agreement, the establishment of a Lebanon de-confliction mechanism, and a direct communication line for the Strait of Hormuz. Economic relief for…

The Times of India

US and Tehran disagree over whether Iran will allow nuclear inspections

US Vice President JD Vance said Monday that Iran had agreed to allow International Atomic Energy Agency inspectors back into the country. Iran’s foreign minister later refuted the claim, saying Tehran had not negotiated the nuclear issue or made any commitments during first-round US-Iran talks towards ending the Middle East…

France 24

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The Economic Times

Markets on edge as US-Iran ceasefire deal leaves investors rattled by uncertainty: Seth R. Freeman

Despite a US-Iran ceasefire framework, markets remain volatile due to unresolved issues like Iran's nuclear program and the Strait of Hormuz. While oil prices are sensitive, China's markets struggle with property woes. India, however, shows promise, potentially emerging as a long-term AI powerhouse. Investors are advised caution until a concrete,…

The Independent UK

Iran-US war latest: US waives Iran oil sanctions as Tehran disputes Vance’s nuclear inspection claims

Iran will now be able to export oil in US dollars for the first time in decades

The Economic Times

Shipping data reveals see-saw situation in Strait of Hormuz

Shipping traffic through the Strait of Hormuz plummeted on Sunday after Iran declared it closed again, citing alleged violations of a peace deal. Data revealed only five vessels passed, a stark drop from the previous day. This comes after Iran had previously lifted a blockade following a ceasefire agreement.

Bangkok Post

US and Iran conclude high-level talks in Switzerland, mediators say

BUERGENSTOCK, Switzerland/DUBAI - The first round of talks between high-ranking US and Iranian officials in Switzerland ended on Monday, mediators said, after a tense opening marked by ‌Tehran's announcement it had again closed the Strait of Hormuz and US President Donald Trump repeating his threats to resume attacks on Iran.

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The Economic Times

Oil Price Today (June 22): Crude oil rises above $80 as Iran shuts Strait of Hormuz again. What are experts saying?

Brent crude futures rose 54 cents, or 0.67%, to $81.11 a barrel, after briefly touching $82.30 at the start of trading. U.S. West Texas Intermediate (WTI) crude futures gained $2.02, or 2.64%, to $78.62 a barrel ahead of the contract's expiry later on Monday.

The Economic Times

Oil export curbs waived, blockade lifted: Iran says 'major progress' in US talks

Iran and the US have made significant strides in peace talks, with mediators Qatar and Pakistan announcing major progress. Discussions in Switzerland have led to agreements on oil exports, asset releases, and a development plan for Tehran. A roadmap for a final deal within 60 days has been established, alongside…

The Economic Times

Dollar firms as cracks emerge in peace deal, pound dips on Starmer uncertainty

Global markets faced jitters as U.S.-Iran tensions escalated, impacting oil prices and the Strait of Hormuz. Despite peace talks, threats from President Trump and Tehran's actions cast a shadow. Meanwhile, the British pound weakened amid political uncertainty, and the Japanese yen neared a two-year low, with authorities watching currency movements…

The Economic Times

Oil rises after Iran shuts Hormuz again, Trump threatens new attacks

Oil prices surged Monday as shipping through the Strait of Hormuz slowed amid escalating tensions. Talks between U.S. and Iranian officials began on a rocky note, with Iran citing violations of a peace deal. Despite expectations of increased supply and potential sanctions relief, the market reacted to disruptions in a…

The Economic Times

US-Iran talks go into Day 2 after Trump threats, Hormuz closure

Peace talks between the U.S. and Iran in Switzerland faced immediate tension as Tehran announced the closure of the Strait of Hormuz again, prompting Trump to reiterate threats of renewed attacks. Despite conflicting accounts of the negotiations, discussions reportedly covered the Strait, Lebanon and nuclear issues.

France 24

Switzerland talks enter tough phase after Trump renews threats against Iran

US Vice President JD Vance said Sunday there was a chance to “turn over a new leaf” with Iran as negotiators met in Switzerland to build on last week’s interim agreement. But President Donald Trump’s renewed threats over Iran-backed Hezbollah and the Strait of Hormuz – and Israel's refusal to…

International Business Times UK

Iran Suspend Negotiations as Trump Threats Escalate, Apology Set as Condition for Peace Talks Return

Iran has suspended peace talks with the US in Switzerland after Trump's aggressive statements, demanding an apology and Israeli military withdrawal from southern Lebanon before resuming negotiations.

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