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The Latest Breaking News from the Strait of Hormuz

Crude Oil Prices Retreat as Several Tankers Sail Through the Strait of Hormuz

April WTI crude oil (CLJ26 ) on Monday closed down -5.21 (-5.28%), and April RBOB gasoline (RBJ26 ) closed down -0.0411 (-1.35%). Crude oil prices sold off sharply on Monday in hopes that oil tankers may soon be able to move through the Strait of Hormuz. Several oil tankers safely...

Barchart

Nat-Gas Prices Fall in Sympathy With Declines in Crude Oil

April Nymex natural gas (NGJ26 ) on Monday closed down -0.108 (-3.45%). Nat-gas prices fell sharply on Monday amid negative carryover from a -5% plunge in crude oil prices on hopes that the Strait of Hormuz can soon be reopened to maritime traffic. Also, a mixed US weather report weighed...

Barchart

Trump's 'Art of the Deal' can't reopen the Strait of Hormuz — and it's threatening a recession

For four decades, Trump bent the rules, walked away from debts, and rewrote agreements midstream. The Strait of Hormuz defies the Art of the Deal.

Fortune

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Trump Says Key Ally Not Fully on Board With Strait of Hormuz Coalition Plan

President Donald Trump said France and President Emmanuel Macron were closer than most U.S. partners to backing his push for an international coalition to protect shipping in the Strait of Hormuz.

International Business Times

NBC’s Kristen Welker demanded answers on the Strait of Hormuz closure. Chris Wright’s chilling three-word response left her silent

No wonder, Captain Obvious!

We Got This Covered

Kallas says 'no appetite' to shift mandate of EU naval mission in the strait of Hormuz

The EU's foreign affairs ministers gathered in Brussels a day after US president Donald Trump increased pressure on the bloc to help protect the Strait of Hormuz, warning that NATO faces a “very bad” future if its members fail to come to Washington’s aid.

Euronews

Trump Announces Plan For Coalition of Countries to Escort Ships Through Strait of Hormuz

A report indicates that the Trump administration is pressing ahead with plans to assemble a coalition of countries to help escort commercial ships through the Strait of Hormuz.

International Business Times

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‘Not Nato’s war’: Germany and UK reject Trump’s call for help in Strait of Hormuz

US president says he is ‘not happy’ with Keir Starmer and Friedrich Merz, who say the conflict is ‘not a matter’ for Europe or their governments

The Independent UK

Donald Trump pulls his top general into the Oval Office over the Strait of Hormuz – the answer left him with zero good options

It’s not as simple as it looks.

We Got This Covered

Trump warns US allies to ‘get involved and quickly’ with Iran war in rambling remarks

America’s usual allies, such as the UK and France, have thus far resisted Trump’s demand to help the US escort oil tankers through the Strait of Hormuz, earning the president’s condemnation

The Independent UK

FTSE 100 ends higher as oil price gains moderate

Nato and other Western allies pushed back on US President Donald Trump’s demand that military alliance members help reopen the Strait of Hormuz.

Evening Standard

‘Struck more than 7,000 targets’: Donald Trump says Iran has been ‘literally obliterated’ as he presses allies to help reopen Strait of Hormuz

US President Trump declared Iran's military "literally obliterated" after over 7,000 strikes, claiming significant reductions in missile and drone attacks. Despite asserting control over the Strait of Hormuz, he urged allies to assist in securing shipping, but faced cool responses from key nations like Germany and Japan.

The Times of India

Why is the Strait of Hormuz critical to Europe?

The closure of the Strait of Hormuz is affecting energy prices for industries and households, but the vital trade passage also accounts for a significant share of fertiliser shipments, threatening long-term food production. Euronews' explainer goes through the main issues affecting the Strait.

Euronews

'War is not a video game': France gauges response to the Middle East conflict

With French warships deployed from the Mediterranean to the Strait of Hormuz, former French general Dominique Trinquand speaks to RFI about what's at stake for France, Europe and the risk of conflict escalation in the Middle East.

Radio France Internationale

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Barchart

Coffee Prices Rebound on Concerns Over Supply Disruptions

May arabica coffee (KCK26 ) today is up by +7.20 (+2.52%), and May ICE robusta coffee (RMK26 ) is up +16 (+0.46%). Coffee prices shook off early losses today and turned higher on supply concerns, as the closure of the Strait of Hormuz has disrupted global shipping. The closure of...

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Strait of Hormuz: How the Closure Impacts Gas, Food Prices and Mortgages

Key Takeaways: Inflation is predicted to rise to 3.5-four percent by mid-year. Food prices are expected to rise within 60 days. Mortgage rates rose from...

The Independent UK

Why hasn’t the UK sent warships to the Strait of Hormuz?

Donald Trump has warned that the Nato alliance faces a “very bad” future unless allies send warships to help reopen the key oil route

Barchart

Crude Oil Prices Slump on Hopes Strait of Hormuz to Soon Reopen

April WTI crude oil (CLJ26 ) today is down -3.35 (-3.39%), and April RBOB gasoline (RBJ26 ) is down -0.0033 (-0.11%). Crude oil prices are sharply lower today on hopes that oil tankers may soon be able to move through the Strait of Hormuz. Several oil tankers safely navigated the...

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Euronews

Explainer: Why Kharg Island is vital to Iran and the global economy

Strikes have already hit military infrastructure on a small Iranian island in the Persian Gulf — but if oil facilities are targeted next, the global economy could face a serious shock.

Barchart

Stocks Rally as Crude Oil and Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) today is up +1.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.12%. March E-mini S&P futures (ESH26 ) are up +1.05%, and March E-mini Nasdaq futures...

Evening Standard

Ireland not involved in Strait of Hormuz security, Taoiseach says

Ireland will not be getting involved in securing the Strait of Hormuz, the Taoiseach has said.

Reason

Iran War Leaves Helium Supply Chains Up in the Air

About 30 percent of the world's helium supply depends on the Strait of Hormuz. Its closure means higher prices for tech manufacturing and advanced medical care.

International Business Times UK

Trump Asks 7 Countries to Send Warships in Strait of Hormuz—No Commitments Yet as Tensions Escalate

President Donald Trump calls on seven nations, including China and the UK, to deploy warships to the Strait of Hormuz following US-Israeli strikes on Iran.

Euronews

Still no Mojtaba: Iran war enters third week amid leadership crisis as Norwuz looms

Iran’s war enters a third week as uncertainty over Mojtaba Khamenei's condition and whereabouts, rising tensions over possible unrest around Nowruz and Chaharshanbe Suri and oil market turmoil deepen the crisis.

The Times of India

UK will not be drawn into ‘wider war’ in Middle East, says PM Keir Starmer; seeks allied plan to reopen Strait of Hormuz

Britain will not join a wider Middle East war, Prime Minister Keir Starmer stated, despite collaborating with allies on a plan to reopen the Strait of Hormuz. He emphasized restoring shipping flows and global market stability, ruling out a NATO mission. Starmer stressed the need for a collective, viable plan,…

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