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The Latest Breaking News from the Strait of Hormuz

Iraq And Syria Have Signed A Deal To Restore A Major Oil Pipeline. It Would Create An Alternative To The Strait Of Hormuz.

The proposed project would restore the pipeline connecting the oil-rich city of Kirkuk in northern Iraq with Syria's Mediterranean coast.

International Business Times

US-Iran Strikes Now Target Power, Water Facilities. Peace Hopes Recede

The US and Iran continued the relentless attacks and counterattacks on infrastructure and military targets on Saturday, as their battle over the Strait of Hormuz intensified, plunging the ceasefire to abysmal depths. A return to negotiations is not being talked about.

International Business Times

US and Iran exchange strikes as they struggle over Strait of Hormuz

The United States and Iran have exchanged strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensifies

The Independent UK

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Starving and stranded in a war zone: The sailors living in fear of death in the Strait of Hormuz

IN FOCUS: Iran has stepped up attacks on ships in the waterway, leading to the collapse of an interim US peace deal. The crisis is leaving seafarers spending months without food, medication and wages, Maira Butt reports

The Independent UK

Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran

The global energy trade is likely changed forever by the outcome of the Iran war.

Fortune

US warns Americans to reconsider Middle East travel amid rising tensions

The United States issued a travel warning for the Middle East due to escalating regional tensions. Escalating hostilities between the United States and Iran involved fresh military strikes. Fighting intensified over the Strait of Hormuz, impacting global oil prices significantly. Kuwait and Bahrain reported missile and drone interceptions amid the…

The Economic Times

Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the Gulf region. Shipping routes face potential closure, impacting global oil flows and prices. Saudi Arabia has redirected significant crude exports to avoid the Strait…

The Economic Times

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Iraq, Syria Revive Oil Pipeline Shut Since 2003 in Bid to Bypass Strait of Hormuz After Iran War Disrupts Exports

On Friday, Iraq and Syria agreed to revive a long-idled oil pipeline linking northern Iraq to Syria’s Mediterranean coast as Baghdad looks to reduce its reliance on the Strait of Hormuz following disruptions caused by the recent U.S.-Iran conflict.

Benzinga

US plans to send additional refuelling aircraft to Israel amid possible expansion of Iran ops: Axios

The US administration is considering expanding its military campaign against Iran. Dozens of additional military refuelling aircraft may deploy to Israel soon. This move follows President Trump reviewing multiple military options earlier this week. US forces have conducted strikes around the Strait of Hormuz and southern Iran. Iran has intensified…

The Economic Times

US and Iran escalate strikes across Mideast; bridges and a water plant hit

The United States and Iran intensified their conflict across the Middle East on Friday, launching fresh strikes on military and infrastructure targets as tensions over the Strait of Hormuz escalated. The U.S. targeted additional bridges, energy facilities and a key Iranian port, stepping up pressure on Tehran after President Donald…

The Economic Times

Escalation of US-Iran Hostilities Pushes Crude Oil Sharply Higher

August WTI crude oil (CLQ26 ) on Friday closed up +3.54 (+4.48%), and August RBOB gasoline (RBQ26 ) closed up +0.1080 (+3.29%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 5-week high and gasoline posting a 2-month high. Crude prices surged on Friday amid heightened...

Barchart

Nat-Gas Prices Supported by a Surge in European Gas Prices

August Nymex natural gas (NGQ26 ) on Friday closed up +0.053 (+1.85%). Nat-gas prices settled higher on Friday, garnering carry-over support from a sharp rally in European nat-gas prices to a 3.75-month high. Prices rallied on concern that escalation of the US-Iran conflict will keep the Strait of Hormuz closed,...

Barchart

Crude Oil Prices Soar as the US and Iran Escalate Attacks

August WTI crude oil (CLQ26 ) today is up +2.16 (+2.74%), and August RBOB gasoline (RBQ26 ) is up +0.1049 (+3.19%). Crude oil and gasoline prices are moving sharply higher today, with crude posting a 1-month high and gasoline posting a 7-week high. Crude is rallying today on heightened concerns...

Barchart

While commercial ships and oil tankers struggled to get by, this Soviet-born billionaire’s $300 million superyacht left Dubai and cruised through the Strait of Hormuz on a 2,000-mile journey to the Maldives

Motor Yacht A, under the ownership of billionaire Andrey Melnichenko, recently traversed the Strait of Hormuz amidst increased military tensions that have prompted commercial vessels to postpone their voyages. Following the imposition of Western sanctions after Russia's invasion of Ukraine, Melnichenko relocated his assets to the Gulf, particularly after his…

The Times of India

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The Economic Times

Iran-linked tankers U-turn, zig-zag as US enforces blockade

US sanctions on Iranian shipping have been reimposed, impacting tanker movements. Several Iran-linked tankers changed course in the Gulf of Oman and Arabian Sea. Ship tracking data shows diversions and zig-zagging patterns by these vessels. The US military has also taken action against non-compliant ships. Observable shipping activity through the…

France 24

Civilian infrastructure hit as US and Iran escalate attacks across the Middle East

The United States and Iran escalated their attacks across the Middle East on Friday, trading strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensified. The US military struck bridges and collapsed a tower at a key Iranian port, while Tehran targeted US-allied nations…

International Business Times

Oil Producers Are Trying to Leave the Strait of Hormuz Behind. Iran Has Other Plans.

Governments across the Gulf are accelerating pipeline construction after Iran and its regional allies intensified attacks on commercial shipping, but experts say pipelines remain exposed to military strikes from Tehran.

The Independent UK

Iran-US war latest: Iran warns ‘not a single drop’ of oil will pass through Hormuz as US ends ninth night of strikes

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

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The Economic Times

Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure

Oil prices climbed Friday as United States and Iran escalated attacks. The Strait of Hormuz oil flow is limited by the broken truce. Iran asked Houthi movement to prepare to close the Red Sea route. United States launched air strikes on Wednesday and continued firing. Oil security remains a critical…

The Economic Times

US expands attacks on Iran, which calls Strait of Hormuz a 'red line' as it retaliates

United States intensified strikes against Iran, hitting targets farther north. Iran retaliated with missiles and drones at US allies in the region. The interim ceasefire collapsed, leading to days of back-and-forth attacks. US strikes reached areas around Iran's capital, Tehran, widening targets. The US reimposed a naval blockade on Iranian…

France 24

Kuwait desalination plant hit as US and Iran escalate infrastructure attacks

The United States struck bridges and energy sites in Iran on Friday, and Tehran responded by hitting a power and water desalination plant in Kuwait, as the two sides expanded their targets to include infrastructure. Read our blog to see how the day's events unfolded.

Evening Standard

Iran targeted by more US strikes while White House says sides are talking

Donald Trump will not let ships be fired on in the Strait of Hormuz without Tehran ‘paying a consequence’, says administration

The Conversation

Backed into a corner by Iran over the Strait of Hormuz, Trump may resort to even more reckless escalation

In a moment of brazen hubris in the Oval Office last year, US President Donald Trump railed at Ukrainian President Volodymyr Zelensky. He accused Zelensky of not being thankful for US support in Ukraine’s existential struggle against invading Russian forces, and famously told him: “You don’t have the cards”.

Barchart

Dollar Strength Sparks Long Liquidation in Crude Oil Futures

August WTI crude oil (CLQ26 ) on Thursday closed down -0.65 (-0.82%), and August RBOB gasoline (RBQ26 ) closed down -0.0162 (-0.49%). Crude oil and gasoline prices gave up early gains on Thursday and settled lower, as a stronger dollar sparked profit-taking and long liquidation. Crude prices are supported by...

The Times of India

US launches new wave of strikes against Iran; state TV says Bandar Abbas hit by 'American projectiles'

United States forces conducted a new wave of strikes against Iran on Thursday. These attacks marked the fifth consecutive night of military operations by the US. The strikes targeted Iran's military capabilities and facilities in Bandar Abbas. This escalation follows recent attacks on commercial shipping in the Strait of Hormuz.…

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