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The Latest Breaking News from the Strait of Hormuz

Is The Iran War Raising Gas Prices? Here's Why Donald Trump Calls The $3.58 Average A 'Glitch'

Trump calls rising US petrol prices from the Iran conflict a "glitch," as economists warn oil shocks could fuel inflation and carry serious political costs.

International Business Times UK

Gold Crash Alert: Why Prices Suddenly Fell Today

When global tensions rise, investors usually move toward safe-haven assets like Gold and Silver. That is why the recent market reaction surprised many observers. Even as tensions between Iran and Israel intensified, gold prices moved downward instead of rising. The April futures contract on COMEX dropped sharply, catching investors off…

MyLifeXP

Oil Tanker Reaches Mumbai After ‘Dark Transit’ Through Strait of Hormuz Amid Middle East Conflict

A crude oil tanker carrying Saudi Arabian oil has successfully reached Mumbai after navigating through the tense waters of the Strait of Hormuz during the ongoing conflict in West Asia.

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Iran war enters Day 14: As conflict completes two weeks, what we know so far - Tehran explosions, Israel strikes, US aircraft crash

The conflict between the United States, Israel, and Iran intensifies. Missile strikes and drone attacks continue across the Middle East. Oil prices surge and global markets react to the growing instability. Regional powers are increasingly drawn into the fighting. The war has spread across multiple fronts, with casualties mounting.

The Times of India

Hormuz miscalculation? Trump sideswiped by Iran's closure of Strait

Washington underestimated Iran's threat to close the Strait of Hormuz, causing global oil market jitters. Despite planning, economic fallout wasn't fully accounted for, leaving the US scrambling. While officials claim preparedness, limited options and high risks for naval escorts are evident. Iran signals the strait's closure remains a pressure tool.

The Times of India

Russia and Iran trying to ‘hijack global economy’, says Cooper

Iran’s new supreme leader has vowed to continue blocking the Strait of Hormuz in retaliation for ongoing US-Israeli strikes.

Evening Standard

Russia and Iran trying to ‘hijack the global economy’, Cooper rages

Oil price surges spark fears Putin could use outbreak of war to boost wartime economy

The Independent UK

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Ship escorts to start in Strait of Hormuz "soon," Trump officials say

Scott Bessent made the comments to Sky News as he confirmed the war had cost the U.S. $11 billion thus far.

Axios

‘Not going to close’: Iran’s UN envoy contradicts Mojtaba Khamenei over Strait of Hormuz remarks

Iran's UN ambassador stated Tehran will not close the Strait of Hormuz, despite recent remarks from the supreme leader suggesting its use as leverage. While asserting the right to ensure regional security, the ambassador emphasized Iran's commitment to freedom of navigation under international law, attributing current tensions to US actions.

The Times of India

Newsom trolls Trump as Putin’s pup after US lifts sanctions on Russian oil during Iran war

As oil prices hit $100 a barrel again Thursday, the Treasury Department said it would allow countries to purchase Russian oil ‘currently stranded at sea’

The Independent UK

'They were going to take over Middle East': Trump says Iran had 1,200 missiles pointed at four countries

US President Donald Trump asserted Iran has amassed approximately 1,200 missiles targeting Middle Eastern nations, amidst escalating tensions following threats from Iran's new supreme leader, Mojtaba Khamenei. Trump suggested Khamenei, despite injury speculation, is likely alive and urged vessels to transit the Strait of Hormuz, stating Iran lacks a significant…

The Times of India

US navy will escort oil tankers through Strait of Hormuz despite Iran threats, says treasury secretary

Scott Bessent said Chinese tankers have passed through the Strait in what he claimed was a sign Tehran ‘have not mined’ the passage

The Independent UK

Stocks Slump on Iran War and Credit Woes

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -1.52%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.73%. March E-mini S&P futures (ESH26 ) fell -1.49%, and March E-mini Nasdaq futures...

Barchart

Crude Oil Surges as Strait of Hormuz Remains Closed

April WTI crude oil (CLJ26 ) on Thursday closed up +8.48 (+9.72%), and April RBOB gasoline (RBJ26 ) closed up +0.1763 (+6.32%). Energy prices settled sharply higher on Thursday due to comments from Iran's Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran's leverage of closing the Strait of Hormuz...

Barchart

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Barchart

Supply Concerns Support Coffee Prices

May arabica coffee (KCK26 ) on Thursday closed up by +4.50 (+1.57%), and May ICE robusta coffee (RMK26 ) closed up by +72 (+2.03%). Coffee prices finished sharply higher on Thursday due to the Iran war, which has closed the Strait of Hormuz and disrupted global shipping. Iran’s Supreme Leader...

Euronews

Exclusive: Tehran does not want to block Strait of Hormuz, Iranian ambassador tells Euronews

In sharp contradiction to the new Ayatollah Mojtaba Khamenei's statement on Thursday, the Iranian ambassador to the UN told Euronews that Iran does not plan to block or mine the Strait of Hormuz.

International Business Times UK

Trump Urges Oil Shipping Firms to 'Show Guts' and Pass Through Strait of Hormuz Despite Threats

Donald Trump urges oil shipping firms to continue through the Strait of Hormuz despite threats from Iran, highlighting risks to energy security and global oil markets.

Evening Standard

FTSE 100 falls on growing fears of prolonged war in Middle East

Stocks were under pressure and oil climbed as Iran’s new supreme leader ordered the vital Strait of Hormuz shipping lane to remain closed.

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Radio France Internationale

'If the Strait of Hormuz were to remain closed, we would face a major crisis'

The war in the Middle East is sending shockwaves through global energy markets as the tensions spillover into the Strait of Hormuz, one of the world’s most important oil transportation routes. Former French economy minister Eric Lombard tells RFI the situation could trigger a major global economic crisis if it…

The Independent UK

How mines work in warfare as Iran accused of littering Strait of Hormuz with invisible killers

The US Institute of War estimates that 10 mines have been laid in the Strait of Hormuz so far

We Got This Covered

Trump promised US Navy protection for ships in Strait of Hormuz, but Iran is blowing up vessels and the Navy is nowhere to be found

Operation Epic Blunder continues.

Axios

What it will mean for the economy if the Strait of Hormuz stays closed

If the military situation doesn't change soon, it will create a stagflationary drag on the U.S. economy.

Euronews

Could oil prices really reach $200 a barrel as claimed by Iran?

As the Iran war approaches the two-week mark, energy markets are bracing for a potential "super shock". The IRGC has repeatedly threatened to push oil prices up to $200 per barrel, leveraging its control over the Strait of Hormuz, but how realistic is this scenario?

Barchart

Coffee Prices Climb as Iran War Raises Global Supply Concerns

May arabica coffee (KCK26 ) today is up by +6.75 (+2.35%), and May ICE robusta coffee (RMK26 ) is up by +82 (+2.31%). Coffee prices are climbing today due to the Iran war, which has closed the Strait of Hormuz and disrupted global shipping. Iran’s Supreme Leader Ayatollah Mojtaba Khamenei...

Barchart

Crude Oil Surges as Iran War Drags On

April WTI crude oil (CLJ26 ) today is up +8.84 (+10.13%), and April RBOB gasoline (RBJ26 ) is up +0.1341 (+4.81%). Energy prices are sharply higher today on comments from Iran's Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran's leverage of closing the Strait of Hormuz should be used...

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