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The Latest Breaking News from the Strait of Hormuz

Mediators propose 10-day truce to revive interim deal: Iran official

Iran received a 10-day ceasefire proposal from mediators to end the ongoing conflict. US strikes on Iranian cities continued for a ninth consecutive night. Iran's Revolutionary Guards attacked US military assets across the region. Two oil tankers exploded after attempting to transit the Strait of Hormuz. A vessel was struck…

The Times of India

Expansion of US strikes on Iran leads to more retaliation across the Gulf

The United States launched another round of airstrikes on Iran after a US service member was killed in Iraq, while Iran retaliated with attacks on US allies Kuwait and Bahrain, home to the US Navy’s 5th Fleet. The escalation has raised fears of a wider regional war and disrupted shipping…

The Economic Times

Oil Is Trapped At Hormuz: These 3 Refiner Stocks Are Cashing In

American refiners are minting money. The margin they earn turning crude into fuel has just surged to a record high as hostilities in the Strait of Hormuz flare up once again. The stocks tied to that trade are now leading the S&P 500 in July.

Benzinga

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How a Houthi blockade in the Red Sea tightens Iran's grip on global energy supplies

Yemen's Houthis declared a maritime blockade against Saudi Arabia on Monday. This action escalates regional conflict and impacts global energy markets significantly. The Red Sea has become a critical alternative oil export route for the Gulf. Disruptions here, alongside the Strait of Hormuz, could cause a major energy crisis. The…

The Economic Times

US strikes Iran for ninth consecutive day as more ships targeted in Strait of Hormuz

The United States carried out a new wave of strikes in Iran on Monday as US deaths in the renewed fighting climbed to three and more ships came under attack in the strategic Strait of Hormuz. Iran responded by targeting US military assets in Bahrain, the home of the US…

France 24

Oil prices rise as fighting between US and Iran intensifies

Oil prices rose on Monday morning as fighting between the US and Iran intensified, fuelling concerns over disruptions to energy shipments through the Strait of Hormuz.

Euronews

Why the Red Sea remains one of the world's most dangerous shipping routes

Red Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threaten vital energy markets. The Bab el-Mandeb Strait, an essential trade artery, is now under scrutiny as Houthi rebels have stationed missiles and drones nearby. This precarious situation…

The Economic Times

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Vessel Catches Fire Near the Strait of Hormuz off Oman Amid US-Iran War Escalation: Report

A vessel reportedly caught fire on Monday near the coast of Oman in the Strait of Hormuz as tensions escalate between the U.S. and Iran following missile strikes.

Benzinga

Iran-US war latest: Trump says Tehran will pay ‘many times over’ for US soldier deaths as Iran targets Kuwait

Oil prices climb above $90 a barrel after Iranian military targets two tankers in Strait of Hormuz

The Independent UK

'Leverage against the world': Rubio claims Iran wants to 'weaponise' Strait of Hormuz

US Secretary of State Marco Rubio emphasised the importance of global cooperation in safeguarding maritime security, warning that Iran aims to assert control over the Strait of Hormuz for strategic leverage. In response to this threat, the US military executed strikes against Iranian command centers. Subsequently, a vessel caught fire…

The Times of India

US hits Iran for ninth night as Khamenei calls ceasefire 'worthless'

US Central Command said it targeted military command centres, air defence systems and missile sites overnight, as Iran's ayatollah called Trump's signature on the interim deal "worthless and invalid" and a negotiator said Tehran was suspending its commitments.

Euronews

'Dozens killed': Iran claims Jordan helped target US forces, aircraft

Iran's Revolutionary Guard claims Jordan provided intelligence for attacks on US military targets. The United States conducted airstrikes on Iran in retaliation for troop deaths. Bahrain, Jordan, and Kuwait activated air defense systems against Iranian drones. A ship caught fire in the Strait of Hormuz amid escalating tensions. These exchanges…

The Times of India

Australian shares waver as oil surges on Iran conflict

A rally in energy stocks has helped counter a weak day for Australia's stock exchange, as conflict in the Persian Gulf weighs on investor confidence.

AAP

US strikes Iran for ninth day; Iran says two oil tankers in Strait of Hormuz exploded and immobilised

United States forces conducted strikes against Iran for a ninth consecutive day. Iran reported explosions on two oil tankers in the Strait of Hormuz. US Secretary of State Marco Rubio stated continued targeting of Iran for attacking commercial shipping. Iran announced strikes against US bases in Syria and aircraft in…

The Economic Times

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The Economic Times

Oil Price Today (July 20): Crude oil jumps 3%, crosses $90 as US and Iran exchange attacks. $100 in sight?

Brent crude futures rose $2.69, or 3.05%, to $90.79 a barrel, their highest level since June 11. The benchmark extended last week's rally, when it gained 15.9%, marking its biggest weekly advance since April.

Benzinga

Trump Says US 'Hit Them Very Hard Again Tonight' as Troop Death Toll Climbs—Brent Oil Tops $90, Dow Futures Slip

On Sunday evening, U.S. stock futures traded mixed as investors weighed an escalating military campaign against Iran, rising American casualties and renewed concerns over oil supplies through the Strait of Hormuz.

The Economic Times

Brent oil tops $90 as US, Iran intensify attacks in Middle East

Oil prices climbed significantly on Monday as tensions rose. Brent crude futures surpassed ninety dollars a barrel, reaching recent highs. Attacks in the Middle East have disrupted energy shipments through the Strait of Hormuz. This escalation follows a substantial weekly gain for oil prices. Analysts suggest markets are underestimating potential…

The Economic Times

Ship catches fire in Strait of Hormuz as US-Iran conflict escalates

A ship caught fire near Oman's coast amid escalating US-Iran tensions. US airstrikes targeted Iran after a service member's death in Iraq. Iran retaliated with missiles toward Jordan, risking wider regional conflict. Both sides have targeted civilian infrastructure, impacting millions of people. Shipping traffic in the Strait of Hormuz has…

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The Times of India

US recovers unidentified remains in Jordan, another service member killed in Iraq during disposal of downed Iranian drone

A US service member died during ordnance detonation in Iraq. Iran launched missiles and drones toward Jordan, prompting air defense activation. US forces conducted fresh strikes targeting Iran's military capabilities. Shipping in the Strait of Hormuz has seen a significant decline. The conflict intensifies with reports of a strike on…

Bangkok Post

US-Iran strikes: latest developments

DUBAI - US and Iranian strikes extended into Sunday, with Washington saying it was punishing Tehran for the deaths of two US servicemen in Jordan and Gulf states announcing responses to Iranian attacks.

The Economic Times

Iran hits US allies as Israel warns missiles headed for Jordan could land on its territory

The U.S. launched fresh airstrikes on Iran's Revolutionary Guard on Sunday in retaliation for the killing of American troops in Jordan, further escalating the conflict after an interim ceasefire collapsed. The strikes targeted missile and drone storage sites, air defence systems, coastal surveillance facilities and military infrastructure aimed at weakening…

The Economic Times

US military launches new airstrikes to 'punish' Iran for deaths of US troops

New US airstrikes targeted Iran after a drone attack killed American service members in Jordan. These strikes aimed to degrade Iran's ability to control oil tanker traffic. Iran's supreme leader warned of unforgettable lessons if attacks continue. The conflict has focused on control of the Strait of Hormuz. Global economy…

Bangkok Post

Navy denies reports of attack on Thai vessel

The Royal Thai Navy has dismissed reports that a vessel flying the Thai flag was attacked in the Strait of Hormuz, saying the ship referred to in the reports was not Thai.

The Times of India

2 US service members killed, 1 missing after Iranian attack on Jordan base, says Pentagon

Two US service members died and one is missing after an Iranian attack in Jordan. US and partner forces defended the base against Iranian missile and drone assaults. Iran warned the United States of "unforgettable lessons" if operations continued. US Central Command conducted strikes targeting Iranian surveillance and infrastructure sites.…

The Economic Times

Iran says it is suspending commitments to interim deal with US as they exchange attacks

The United States and Iran exchanged strikes on infrastructure and military targets. Iran suspended its commitments under the interim deal with the U.S. Kuwait saw significant damage to a desalination plant and an oil facility. U.S. airstrikes also hit electricity and desalination plants in Iran. The conflict intensified over control…

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