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The Latest Breaking News from the Strait of Hormuz

Australia faces 'sharp recession' if US escalates war

As Donald Trump fails to reassure traders about the Strait of Hormuz, analysts warn Australia's economy is hurtling towards a recession the longer it is closed.

AAP

France's Macron visits South Korea for talks on technology and security

French President Emmanuel Macron arrived in South Korea on Thursday for a state visit focused on trade, technology and security – following talks in Tokyo where he and Japan’s prime minister agreed to push to reopen the Strait of Hormuz, disrupted by the war in the Middle East.

Radio France Internationale

UK gathers more than 30 countries in bid to reopen the Strait of Hormuz to the world

Thursday’s meeting considered a first step, to be followed by ‘working-level meetings’ to work out details

The Independent UK

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Winter crops need to be sown - but Australia’s farmers are worried about fertilisers and fuel

War in the Middle East has put a spotlight on the Strait of Hormuz, the narrow sea passage through which 20% of global oil supply is shipped. But far less attention has been paid to another essential product derived from oil and gas, on which the world also relies: fertiliser.

The Conversation

What is Benjamin Netanyahu’s end game in the Iran war?

The war between the United States, Israel, and Iran is now into its second month. Despite spectacular early successes, the resilience of Iran’s government and military has meant the US and Israel have lost the strategic initiative. This means they are being more reactive than proactive in determining the outcome…

The Conversation

Trump Bullying Allies To Help in Iran Suggests He Knows the War Is Not Going Well

NATO allies aren’t obligated to join the war. The sooner Trump accepts that, the better.

Reason

Trump will address the nation about the Iran war on Wednesday. Here’s what to expect

Oil analysts warn April will be the cruelest month yet for energy prices, and a presidential speech may not be enough to change that.

Fortune

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So Donald Trump helps Iran choke off the Strait of Hormuz, and now he’s telling the world to figure out their own oil supply

President Donald Trump has launched another sharp critique against European nations for not joining his war on Iran, telling them to “go get your own oil” by force if they’re worried about fuel prices. This comes as several European countries are actively pushing back against the conflict, with France blocking…

The Mary Sue

Crude Prices Fall on Hopes for De-Escalation of Hostilities in the Middle East

May WTI crude oil (CLK26 ) on Wednesday closed down -1.26 (-1.24%), and May RBOB gasoline (RBK26 ) closed down -0.1125 (-3.51%). Crude oil and gasoline prices settled sharply lower on Wednesday amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower...

Barchart

Iran Calls Trump's Cease-Fire Post a Pack of Lies as Tehran Stays Determined to Win War

Iranian officials have categorically denied assertions by Donald Trump that Tehran has requested a peace agreement. The diplomatic clash centres heavily on the Strait of Hormuz, as Iran introduces legislation to permanently control the critical maritime route.

International Business Times UK

'Dumbest Ever President': Donald Trump Slammed After Targeting UK in 'Insane' Iran War Ultimatum

Donald Trump has lashed out at the UK and other allies over the Iran crisis, telling them to seize control of the Strait of Hormuz themselves as critics denounce him as the 'dumbest ever' US president.

International Business Times UK

Trump officials prepping for ‘nightmare scenario’ where oil hits $150-a-barrel - and unleashes more pain at the gas pump

Officials have entered ‘all hands on deck’ mode, urgently evaluating options to tame soaring prices

The Independent UK

U.S., Iran Reportedly Discussing Ceasefire In Exchange For Reopening Strait Of Hormuz

The U.S. and Iran are discussing a ceasefire in exchange for the reopening of the Strait of Hormuz, the key waterway through which about 20% of the world's energy goes, according to a new report.

International Business Times

Economic chaos or new normal? Three possible scenarios if Trump leaves Iran without reopening Strait of Hormuz

The Strait has become a central anxiety for Washington’s allies since Tehran forced its effective closure

The Independent UK

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Barchart

Crude Oil Prices Tumble on Hopes for an End to the War in the Middle East

May WTI crude oil (CLK26 ) today is down -1.62 (-1.60%), and May RBOB gasoline (RBK26 ) is down -0.0787 (-2.46%). Crude oil and gasoline prices are sharply lower today amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower after weekly...

The Times of India

'Not just straits, also focus on gays of Hormuz': No Kings protesters' bizarre comments go viral

Street interviewer Lionel, known online as No Cap On God, went to the "No Kings" protests with a microphone and a straight face. What he came back with was something else entirely.

We Got This Covered

‘You weren’t there for us’: So Donald Trump helps Iran choke off the Strait of Hormuz, and now he’s telling the world to figure out their own oil supply

Trump has his own oil problems to worry about.

Barchart

Oil Price Predictions Surge to $200 a Barrel as the Strait of Hormuz Blockage Drags On

Discussion of a recent analyst perspective on the price of oil increasing.

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Barchart

The Strait of Hormuz Crisis Isn't Ending Anytime Soon. 3 Charts I'm Watching to Determine What Comes Next.

The crisis in the Strait of Hormuz is like a hurricane that has been wreaking havoc over the global economy. Is the storm about to blow over?

The Independent UK

‘We depend very little on it’: Rubio non-committal on US helping reopen Strait of Hormuz

Marco Rubio has said that the US is not concerned about the closure of the Strait of Hormuz, which normally accounts for around a fifth of the world’s oil trade.

The Times of India

'Iran has asked for ceasefire': Trump claims new regime 'less radical', says no deal till Hormuz is free; Tehran reacts

Donald Trump claimed Iran sought a ceasefire, attributing it to a "less radicalized" new president, but linked any consideration to the Strait of Hormuz reopening. Iran's foreign ministry denied the ceasefire claim. Trump also suggested a swift US exit from the conflict and questioned NATO's relevance, urging allies to secure…

International Business Times UK

US Will Be 'Done in Iran' in 2-3 Weeks, Shifts Strait of Hormuz Duty—'Countries That Rely on it Must Step Up'

President Donald Trump has announced the US military could be 'done' in Iran within three weeks. He has ordered allies to secure the Strait of Hormuz and warned the UK to 'fight for yourself'.

The Times of India

Iran eyes $80bn windfall with Strait of Hormuz toll plan

As Iran explores potentially imposing a fee on vessels crossing the Strait of Hormuz, officials in Tehran estimate the move could generate significant revenue. According to Iran International, Yahya Al-e Es’hagh, head of the Iran-Iraq Joint Chamber of Commerce, suggested Tehran could theoretically generate between $70 billion and $80 billion…

International Business Times

UAE Reportedly Preparing To Join The War And Help The U.S. Reopen The Strait Of Hormuz

The United Arab Emirates is getting ready to join the war in Iran to help the U.S. reopen the Strait of Hormuz and guarantee navigation through the key waterway, according to a new report.

The Independent UK

Inside the island home to Iran’s underground missile fortress in the Strait of Hormuz

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