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The Latest Breaking News from the Strait of Hormuz

Copper hits one-week low as Middle East escalation clouds growth outlook

Copper prices dropped to a one-week low on Thursday as renewed Middle East tensions boosted the dollar and oil, sparking inflation and slowdown fears. U.S. strikes targeting an Iranian drone operation in the Strait of Hormuz contributed to market unease. Base metal prices are expected to trade sideways pending a…

The Economic Times

Iran targets US airbase after Washington’s strikes near Hormuz, warns ‘aggressor’ of harsher response

Iran's Revolutionary Guards announced they struck a U.S. airbase early Thursday, claiming it followed a U.S. attack near Bandar Abbas. The Guards issued a stern warning, vowing a more forceful response to any future "aggression" and holding the "aggressor" accountable for repercussions. The specific base targeted was not disclosed.

The Economic Times

Hormuz standoff: Trump's 'will blow them up' warning to Oman amid fragile Iran-US peace talks

Speaking to reporters during a cabinet meeting at the White House on Wednesday local time, Trump rejected the idea of any temporary arrangement that would allow Iran and Oman to jointly manage the strait. "No, the strait's going to be open to everybody," Trump said when asked whether he would…

The Times of India

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Three oil, LNG tankers exit Hormuz with transponders off

Two supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying crude oil and naphtha, are heading to ports in China and India, despite overall limited traffic through the key waterway. The ongoing conflict has significantly impacted shipping in…

The Economic Times

'War left regime desperate for cash': US sanctions authority overseeing Strait of Hormuz as Middle East conflict enters 90th day

The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst…

The Times of India

Oil Price Today (May 28): Crude oil surges nearly 3% after Iran says it targeted US airbase in retaliation for fresh American strikes

Oil prices surged as US strikes in Iran heightened fears of shipping disruptions through the Strait of Hormuz. Iran's Revolutionary Guards claimed to have struck a US airbase, while US forces downed Iranian drones and struck a control station. Analysts warn that even a deal may not immediately normalize shipping,…

The Economic Times

Has war resumed? US launches fresh strikes on Iran; Kuwait intercepts missiles, drones — what we know so far

The US military carried out fresh strikes in Iran on Wednesday, shooting down four Iranian drones and hitting a control centre in the southern port city of Bandar Abbas, even as Washington and Tehran continue negotiations to end their three-month conflict.

The Times of India

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Trump’s bind deepens with Hormuz shut and hawks pushing war

President Trump faces pressure from Iran's demands for financial relief and Republican hawks urging a decisive end to the conflict. This has led to fluctuating promises of a deal and threats of renewed military action, complicating efforts to resolve the ongoing war and open the Strait of Hormuz.

The Economic Times

Global Market Today: Asian stocks slip from record highs, oil gains

Asian equities retreated from record highs as conflicting signals from the US and Iran on a potential peace deal emerged. Crude oil prices surged as the Strait of Hormuz remained disrupted. The dollar strengthened and Treasuries dropped as sentiment soured following US strikes and White House skepticism about negotiations.

The Economic Times

US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz

The Trump administration imposed new sanctions on Iran's newly formed agency controlling shipping through the Strait of Hormuz. This economic pressure campaign aims to force Iran into an agreement to end the war and reopen the vital waterway. The move follows rising energy prices and ongoing diplomatic efforts to resolve…

The Economic Times

US launches new strikes on Iran days after targeting missile sites and mine-laying boats, officials say

The strikes were aimed at a military site believed to have posed a threat to U.S. forces and commercial traffic in the Strait of Hormuz, according to one official

The Independent UK

US carries out new strikes in Iran against military site, official says

Overnight, the U.S. military launched new strikes in Iran targeting a military site deemed a threat to American forces and maritime traffic in the Strait of Hormuz. Multiple Iranian drones posing similar dangers were also intercepted and downed. These actions follow recent defensive strikes and occur amidst ongoing peace negotiations…

The Economic Times

From Iran deal ultimatum to Ebola preparedness: Key takeaways from Donald Trump’s cabinet meeting

US President Donald Trump on Wednesday held an expansive Cabinet meeting at the White House, addressing issues ranging from ongoing negotiations with Iran and tensions in the Strait of Hormuz to Ebola preparedness, immigration detention protests and domestic anti-fraud initiatives.

The Times of India

Trump appears to threaten to 'blow up' ally Oman

WASHINGTON (UNITED STATES) - President Donald Trump on Wednesday appeared to threaten to attack US ally Oman if it sides with Iran over reopening the Strait of Hormuz.

Bangkok Post

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International Business Times UK

Is Trump Starting Another War? POTUS Warns Oman to 'Behave' Or 'We'll Have to Blow Them Up'

Donald Trump sparked backlash after warning Oman to 'behave' amid Iran Strait of Hormuz talks, prompting critics to question whether he is escalating toward conflict.

Evening Standard

Trump says he did not launch strikes against Iran ‘to get a crummy agreement’

The president also warned Oman to ‘behave’ over the Strait of Hormuz or the US ‘will have to blow them up’.

Barchart

Dollar Recovers on Conflicting US-Iran Peace Plans

The dollar index (DXY00 ) on Wednesday rose by +0.03%. The dollar recovered from early losses on Wednesday and posted modest gains on conflicting signals about prospects for a US-Iran deal to end the war and reopen the Strait of Hormuz. Iranian television said it obtained an unofficial draft of...

Barchart

Crude Oil Prices Sink as Hormuz-Reopening Talks Continue

July WTI crude oil (CLN26 ) on Wednesday closed down -5.21 (-5.55%), and July RBOB gasoline (RBN26 ) closed down -0.0798 (-2.54%). Crude oil and gasoline prices on Wednesday fell sharply for a second day, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are...

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AAP

US and Iran trade strikes as Trump denies Hormuz deal

US forces have carried out new defensive strikes on an Iranian military facility after downing several attack drones, according to American officials.

Barchart

Crude Oil Prices Slide on US-Iran Peace Optimism

July WTI crude oil (CLN26 ) today is down -3.17 (-3.38%), and July RBOB gasoline (RBN26 ) is down -0.0498 (-1.58%). Crude oil and gasoline prices today extended Tuesday's sharp losses, with crude falling to a 5-week low and gasoline falling to a 6-week low. Crude prices are under pressure...

The Economic Times

White House calls Iran's draft deal report a 'complete fabrication' as both sides inch toward Hormuz framework

The White House has strongly refuted claims by Iranian state television regarding a draft ceasefire deal with the US. Iranian media had reported on a memorandum of understanding involving US troop withdrawal and lifting naval blockades. In exchange, Iran was said to agree to restore transit through the Strait of…

The Economic Times

Iran says 'low' possibility of return to war with US

Iran's Revolutionary Guards are cautiously optimistic about avoiding war with the US but remain vigilant against potential threats. With peace talks not moving much on pivotal matters like the Strait of Hormuz and nuclear program discussions, the geopolitical climate is tense, though.

International Business Times

Iran Reportedly Receives Draft For U.S. Deal That Would Restore Commercial Shipping Through Hormuz Strait Within a Month

A new draft to end the war between the U.S. and Iran would see commercial shipping through the Strait of Hormuz restored within a month, according to a new report.

International Business Times

Rubio Says Deal With Iran Could Take a 'Few More Days' After Hormuz Flare Up

Secretary of State Marco Rubio said a deal with Iran could take "a few more days" as negotiations continue after a flare up at the Strait of Hormuz on Monday.

The Economic Times

Iranian missile likely involved in attack on ship in Strait of Hormuz, South Korea says

South Korea's Foreign Ministry stated an Iranian anti-ship missile was likely involved in an attack on a HMM cargo ship in the Strait of Hormuz. Debris analysis revealed components similar to Iranian-made turbojet engines and warheads resembling Iranian missiles. Iran's ambassador denied any involvement in the incident.

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