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The Latest Breaking News from the Strait of Hormuz

US strikes Iran again as Tehran warns of 'existential war' with America

The United States struck Iran's coastal defenses and missile sites on Wednesday. This action followed the reimposition of a naval blockade on Iranian ports. Iran threatened further regional energy export disruptions, calling it an existential war. Military operations are preventing ships from transiting the vital Strait of Hormuz. Analysts suggest…

The Economic Times

US targets Iran's Qeshm island in the Strait of Hormuz

The United States ramped up attacks on Iran on Thursday, reportedly striking near Qeshm island and targets farther north – including around Tehran for the first time – as well as firing on a ship accused of trying to break the US naval blockade. Iran fired back by launching missiles…

France 24

US sanctions 7 individuals, entities for supporting IRGC; reiterates stance for Tehran's denuclearisation

The United States imposed new sanctions on Iran for attacking commercial vessels. American forces conducted military strikes targeting Iranian capabilities near the Strait of Hormuz. These strikes aimed to degrade Iran's ability to threaten commercial shipping. Iran's state media claimed US forces hit a civilian facility, which the US denied.…

The Economic Times

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Thai firms told to monitor Mideast developments

The Thai Chamber of Commerce is urging businesses to monitor developments in the Strait of Hormuz and be prepared to manage potential risks.

Bangkok Post

US launches fifth straight day of strikes on Iran, targets military sites near Strait of Hormuz

United States forces conducted new airstrikes against Iran on Wednesday. These strikes targeted coastal defense systems and missile infrastructure near the Strait of Hormuz. Iranian media reported explosions across southern Iran following the US attacks. Iran's parliament speaker described the conflict as an existential war with America. The renewed strikes…

The Times of India

Iran War Hormuz Toll Could Trigger $136bn Global Chokepoint Scramble, Analysts Warn

Iran's tolls on the Strait of Hormuz could set a precedent for other nations, potentially reshaping global trade costs and impacting consumer prices worldwide.

International Business Times UK

Crude Oil Prices Move Higher on the Prospects of Tighter Global Supplies

August WTI crude oil (CLQ26 ) on Wednesday closed up +0.26 (+0.33%), and August RBOB gasoline (RBQ26 ) closed up +0.0736 (+2.28%). Crude oil and gasoline prices settled higher on Wednesday, with gasoline up sharply at a 7-week high. Crude prices found support after the US launched airstrikes against Iran...

Barchart

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US launches ‘wave of strikes’ on Iran, Tehran threatens to halt regional energy exports

The US military on Wednesday launched rare daytime attacks on Iran, including a 90-minute wave of strikes, as it reimposed a naval blockade on Iranian ports. Tehran responded with strikes on “US military targets” in Gulf states and threatened to halt energy exports in the region.

France 24

Why the US is launching naval drones at Iran’s port city of Bandar Abbas

The US has pounded Iran’s southern port city of Bandar Abbas since Tehran and Washington renewed missile strikes last week, including an unprecedented sea drone attack on a submarine maintenance facility. We take a look at why this city of more than half a million people has become a prime…

France 24

Crude Oil Prices Erase Early Gains on a Bearish EIA Inventory Report

August WTI crude oil (CLQ26 ) today is down -0.54 (-0.68%), and August RBOB gasoline (RBQ26 ) is up +0.0206 (+0.64%). Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance and turned lower today on a bearish weekly EIA inventory report. Crude prices initially...

Barchart

Trump's 20% Shipping Fee Plan in Hormuz Collapses Less Than One Day After Announcement

Trump's 20% Hormuz shipping fee collapsed in less than a day after Gulf allies intervened, reviving debate over Trump's negotiating style as tensions with Iran escalated.

International Business Times UK

Donald Trump is running out of options in Iran

Serious hostilities between the US and Iran have resumed. On July 8, Donald Trump said that the ceasefire agreed by the two countries in June was “over”. Since then, he has ordered the US military to carry out intensive airstrikes on Iran and has reimposed an economic blockade of the…

The Conversation

US reports 'wave of strikes' on Iran as war returns

The United States initiated strikes against Iran after reimposing a naval blockade. Iran's Revolutionary Guards reported targeting the US Fifth Fleet in Bahrain. President Donald Trump threatened wider strikes unless Tehran negotiates peace. Tensions remain high over the Strait of Hormuz, a vital oil transit route.

The Economic Times

US resumes daylight strikes on Iran as tensions escalate over Strait of Hormuz

US Central Command said it has resumed daylight strikes on Iran, targeting coastal defences and missile sites. Tehran has reported casualties as tensions rise over a renewed blockade threat, calls for retaliation and the ongoing dispute over the Strait of Hormuz.

Euronews

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The Times of India

'Launched precision munitions': US targets coastal defence systems, missile launch sites on Greater Tunb Island in fresh Iran strikes

United States Central Command forces launched new strikes against Iran on Wednesday. These strikes aim to degrade Iran's military capabilities used against commercial shipping. Earlier, CENTCOM completed another round of attacks on Iranian targets near the Strait of Hormuz. The United States resumed a naval blockade against vessels transiting to…

The Independent UK

Massive escalation or back to talks? The four options Trump has left on Iran

IN FOCUS: The US is failing to wear down Iran with strikes around the Strait of Hormuz and making no progress to resolve the conflict through diplomacy. James C. Reynolds reviews the options available to Trump

The Independent UK

Family of missing Indian sailor confirms he is dead after attack on ship in Strait of Hormuz

Sailor’s family says they are awaiting his remains to complete his last rites

Fortune

Trump threatens Iran with more bombing as U.S. missile stockpiles decline, the Strait of Hormuz slams shut, and there’s no endgame in sight

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France 24

Iran threatens to cut off vital seaways in response to Trump's renewed blockade

After closing the Strait of Hormuz, Tehran on Wednesday threatened to shut additional energy export routes including the Bab el-Mandeb gateway to the Red Sea, a major global shipping route through which Saudi Arabia exports its oil. The warning comes after the US launched a fresh round of strikes on…

Bangkok Post

Iran reports fresh US strikes in return to war

TEHRAN — Iran reported fresh US strikes Wednesday on a port city that is home to the country's only civilian nuclear plant, as Washington reimposed a naval blockade in a return to war between the foes.

Benzinga

Mohamed El-Erian Predicts Gas Prices Will Hit $4 a Gallon by the End of the Month as GOP Blames Democrats' Clean Energy Strategy

Economist Mohamed El-Erian has warned that the national average price of gas in the U.S. will hit $4/gallon by the end of July amid escalations between the U.S. and Iran, as well as uncertainty over the Strait of Hormuz.

Benzinga

Trump Warns US Will Continue Iran Strikes, Save Energy Targets for Last as He Touts Alaska, Texas Alternatives

President Donald Trump said on Tuesday that the U.S. will continue its strikes in Iran into the coming week, warning that it will hit the country “very hard” as tensions escalate over the movement of ships in the Strait of Hormuz.

Benzinga

Trump Hails Military as 'Oil Is Flowing Like Never Before'—Data Shows 10% of Global Refining Capacity Is Offline

President Donald Trump declared that “Oil is flowing like never before” due to United States military efforts keeping the Strait of Hormuz open.

The Economic Times

Indian seafarer missing after Oman vessel attack dead, family says

An Indian national is confirmed dead after an attack on a commercial vessel near Oman. Ten other Indian sailors aboard the ship were rescued following the incident. India lodged a strong protest with Iran over recent attacks in the Strait of Hormuz. These attacks have heightened concerns for merchant vessels…

The Independent UK

Oil prices rise above $85 as US strikes Iran for second night

US Central Command says forces struck missile and drone facilities, naval assets and coastal defence systems in Iran overnight

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