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The Latest Breaking News from the Strait of Hormuz

Mideast oil producers step up plans to bypass the Strait of Hormuz

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz

The Independent UK

Houthis say they attacked 2 Saudi oil tankers in the Red Sea as US carries out 12th night of strikes

Yemen’s Iran-backed Houthi rebels says they have attacked two Saudi oil tankers in the Red Sea, and the U.S. military said it conducted a 12th night of strikes against Iran as the two countries vie for control of vital shipping lanes

The Independent UK

Hormuz, Red Sea spark a 1,000% war-risk premium shock

War-risk insurance premiums have surged by as much as 1,000% as tensions across the Strait of Hormuz and the Red Sea disrupt shipping. Fresh Houthi attacks and the US-Iran conflict are raising voyage costs, increasing crude import expenses for India and adding fresh uncertainty to global oil markets.

The Economic Times

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Iran-US war latest: Oil prices surge above $100 as Trump weighs broader Iran offensive

‘They haven’t received enough pain yet,’ president warns after attacks on ships crossing the Red Sea

The Independent UK

UN chief says Middle East conflict is at the 'edge of the imaginable'

Ongoing conflict in the Middle East has pushed the region to the "edge of the unimaginable", UN Secretary-General Antonio Guterres warned on Thursday, as Houthi attacks on shipping in the Red Sea threatened to escalate the conflict further. President Donald Trump said the US would hold Iran responsible for these…

France 24

Oil Price Today (July 23): Crude oil crosses $95 as US strikes enter 12th day. Why Goldman says $120 is possible?

Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level since June 8. The benchmark had ended the previous session more than $3 higher at $94.07, just below a six-week high. U.S. West Texas Intermediate crude gained $1.44, or 1.7%, to $88.27 after advancing nearly 3%…

The Economic Times

Oil prices rise to six-week high as US-Iran tensions escalate

Oil prices climbed to a six-week high on Thursday. This surge followed new United States strikes on Iran and Houthi attacks. Iran's Revolutionary Guards reported an oil tanker caught fire near the Strait of Hormuz. The Houthis also threatened vessels carrying Saudi oil in the Red Sea. These events threaten…

The Economic Times

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Houthis claim attacks on Saudi tankers in Red Sea, raising risk of new chokepoint in Iran war

Houthi militants claimed strikes on two Saudi oil tankers, raising Red Sea shipping risks. The United States launched new strikes on Iran, marking a twelfth successive night of attacks. These actions threaten global oil supplies and increase regional conflict potential. Iran warned of targeting economic infrastructure if its own infrastructure…

The Economic Times

'We Don't Need the Hormuz Strait': Trump Claims US and Venezuela Now Control 62% of World's Oil Market

President Trump declares U.S. independence from the Strait of Hormuz, citing control over 62% of the world's oil market with Venezuela. Tensions rise as U.S. military actions continue against Iran.

International Business Times UK

Trump threatens Iranian infrastructure over Strait of Hormuz attacks

US President Donald Trump warned on Wednesday that the US would destroy an Iranian bridge or power plant every time Tehran attacked shipping in the Strait of Hormuz. The threat came as Washington and Iran exchanged fresh strikes, regional missile alerts sounded and diplomatic efforts remained stalled.

France 24

Escalating Global Supply Risks Underpin Crude Oil Prices

September WTI crude oil (CLU26 ) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26 ) closed up +0.0186 (+0.58%). Crude oil and gasoline prices settled sharply higher on Wednesday, with crude posting a 6-week high and gasoline climbing to a 2-month high. Threats to global oil supplies...

Barchart

Miliband set for Rubio meeting amid Trump fury at his appointment as Foreign Secretary

Miliband also called for calm in the conflict between Iran and the US after Trump threatened to ‘bomb and destroy’ bridges and power stations

The Independent UK

Miliband calls for calm in Iran as Trump threatens to bomb bridges

Ed Miliband , in his international stage debut as foreign secretary , called for de-escalation in the Iran- US conflict during an ASEAN summit in the Philippines , acknowledging the significant economic impact on member states and the UK. Donald Trump issued a severe warning, stating that the United States…

The Independent UK

Crude Oil Rallies as Global Supply Risks Intensify

September WTI crude oil (CLU26 ) today is up +2.37 (+2.81%), and September RBOB gasoline (RBU26 ) is up +0.0171 (+0.53%). Crude oil and gasoline prices are sharply higher today, with crude posting a 6-week high and gasoline posting a 2-month high. Threats to global oil supplies are boosting crude...

Barchart

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Euronews

Trump threatens to bomb Tehran back for every Iranian attack in Hormuz

The US president said Washington would destroy one piece of civilian infrastructure — including sites near Tehran — each time Iran fires on a ship in the Strait of Hormuz, as the war entered its 11th consecutive day of US strikes.

The Economic Times

Iran's demands over the Strait of Hormuz would set a dangerous precedent, Rubio warns Asian leaders

US Secretary of State Marco Rubio warned Asian leaders about Iran's actions in the Strait of Hormuz. He emphasized the global economic threat and a dangerous international precedent. Rubio also reaffirmed US commitment to countering China's growing regional influence. Diplomats discussed maritime security and territorial disputes in the South China…

International Business Times

Houthi Rebels Declared a Maritime Embargo Of Saudi Arabia. Tankers Are Already Turning Around In The Red Sea

Tankers carrying Saudi crude through the Red Sea turned around after the Houthi rebels announced a maritime embargo of the country.

The Times of India

'US will destroy one bridge or power plant': Trump warns Iran over Hormuz attacks

United States forces will destroy Iranian infrastructure if Tehran fires at ships. This threat comes after recent American airstrikes and Iranian missile attacks on Jordan. Diplomatic efforts show little progress as officials remain firm on their positions. The closure of the Strait of Hormuz significantly impacts global energy markets and…

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International Business Times

Clashes Between The U.S. And Iran Continue To Escalate. Trump Threatened To Climb Further

President Donald Trump said the U.S. will target a bridge or power plant every time Iran "shoots a ship in the Strait of Hormuz."

Bangkok Post

Trump ‘not finished’ with war that has cost $37 billion so far

TEHRAN - The US military struck Iran’s Larak Island in the Strait of Hormuz on Wednesday, after President Donald Trump warned he was “not finished” with a war that has already cost Washington $37.5 billion.

The Economic Times

US will destroy ‘one bridge or power plant’ for every attack on ships in Strait of Hormuz, warns Trump

President Donald Trump issued a stark warning to Iran regarding the Strait of Hormuz. He threatened to destroy one bridge or power plant for any Iranian attack. This applies to any ship targeted by missiles, rockets, or drones. Potential targets could include infrastructure near the Iranian capital, Tehran. The United…

The Independent UK

U.S. and Pakistan condemn Houthi Red Sea threats to shipping and Saudi Arabia

The United States and Pakistan have rejected threats by Yemen’s Houthi rebels against Saudi Arabia and shipping in the Red Sea

The Economic Times

Trouble is brewing at Middle East's two key chokepoints

Shipping disruptions are emerging in key Middle East oil transit routes. Concerns are rising as vessels alter voyages due to security risks. The Strait of Hormuz and Red Sea are experiencing reduced vessel traffic. Houthi rebels have threatened a full blockade on Saudi Arabian ports. Despite risks, Saudi oil exports…

The Economic Times

Hormuz vessel crossings fall further as security concerns linger

The ongoing security issues have caused a notable drop in vessel traffic in the Strait of Hormuz, with just three commodity vessels transiting on Tuesday compared to more the previous day. In a related development, two oil tankers re-routed through the Red Sea following threats from the Iran-aligned Houthis of…

The Economic Times

US ends 11th consecutive night of airstrikes on Iran

US military assets struck Iranian operations centers and military infrastructure. These strikes aimed to degrade Iran's ability to threaten commercial shipping. Iran has attacked over thirty commercial vessels in the Strait of Hormuz recently. Thousands have been killed and millions displaced by the ongoing conflict. US troop deaths have now…

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