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The Latest Breaking News from the Strait of Hormuz

Australia and Japan face a similar dilemma: how to be indispensable to the US without relying on it

Japanese Prime Minister Sanae Takaichi’s visit to Australia this week comes against a turbulent geopolitical backdrop. The war launched by the United States and Israel against Iran – and the subsequent closure of the Strait of Hormuz – have put energy issues at the top of the agenda.

The Conversation

Iran Issues Urgent 30-Day Ultimatum to End War as Tehran Unveils Bold 14-Point Peace Proposal to Trump

Iran has issued a 30-day ultimatum for resolving the conflict, presenting a 14-point peace proposal to the US. It includes demands for lifting sanctions and guarantees against future attacks.

International Business Times UK

The clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for 'tank bottoms' and Iran racing to delay 'tank tops'

The West and Iran are staring down two diametrically opposed oil market emergencies that could materialize in a matter of weeks.

Fortune

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UK military says a bulk carrier near Strait of Hormuz reports being attacked

A bulk carrier near the Strait of Hormuz has reported an attack by multiple small craft

The Independent UK

Iranian super tanker slips past US blockade with $220 million oil cargo

Despite US claims of total control over the Strait of Hormuz and a successful naval blockade, an Iranian oil tanker carrying over 1.9 million barrels of crude has reportedly evaded US forces and reached Asia. This incident, alongside claims of numerous Iranian vessels breaching the blockade, highlights ongoing challenges in…

The Times of India

Trump Describes US Seizure Operations of Iranian Vessels as Piracy: 'We're Like Pirates'

Donald Trump's remarks likening US Navy actions to piracy have intensified tensions with Iran, sparking international backlash and reshaping discussions on maritime law.

International Business Times UK

US warns shipping firms over paying Iran to transit the Strait of Hormuz

The United States is warning shipping companies about potential sanctions for paying Iran to pass through the Strait of Hormuz

The Independent UK

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French navy warns stranded ships as Iran blockades choke Hormuz

A dozen members of the French navy scour screens for blinking lights indicating movement thousands of kilometres away near the Strait of Hormuz.

Radio France Internationale

The Iran war has turned the world's shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait

As the war over the Strait of Hormuz wages on, the U.S. is quietly gaining more influence over the Panama Canal and the straits of Malacca and Gibraltar.

Fortune

Reopening Strait of Hormuz will not mean ‘return to normal’, Starmer warns

The Prime Minister also insisted the UK must ‘take a different course’ for its future than returning to the ‘status quo’.

The Independent UK

Iran faces growing crisis as US blockade squeezes Hormuz, losses hit $4.8bn

Iran is facing mounting economic and military strain as a United States naval blockade around the Strait of Hormuz and Gulf of Oman continues to choke off its critical oil exports, with Pentagon-linked estimates putting losses at roughly $4.8 billion, a report by Axios said. The disruption has intensified pressure…

The Times of India

Trump says Iran hostilities ‘terminated’ as Congress consent deadline passes

Despite a ceasefire, the Strait of Hormuz remains effectively closed causing energy prices to rocket.

Evening Standard

Dollar Rebounds as Trade Tensions Resurface

The dollar index (DXY00 ) on Friday rose +0.12%. The dollar recovered from a 2-week low on Friday and finished higher. Tariff tensions resurfaced on Friday, pushing the dollar higher, after President Trump threatened to raise tariffs on European automobile imports to as high as 25%. The dollar initially moved...

Barchart

Crude Prices Fall on Hopes for US-Iran Negotiations

June WTI crude oil (CLM26 ) on Friday closed down -3.13 (-2.98%), and June RBOB gasoline (RBM26 ) closed down -0.0198 (-0.55%). Crude oil and gasoline prices gave up early gains on Friday and settled sharply lower, with gasoline falling from a 3.75-year high. Crude prices came under pressure on...

Barchart

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International Business Times UK

Trump Warns He Will 'Blast the Hell Out Of' Iran After Calling Its Latest Ceasefire Offer Unsatisfactory

President Trump rejected Iran's ceasefire proposal, citing nuclear concerns. The US demands a deal preventing Iran from advancing its nuclear program, while tensions over the Strait of Hormuz persist.

Euronews

US President Donald Trump says 'not satisfied' with new peace proposal from Iran

Meanwhile, Washington is gripped by a legalistic debate over whether Trump has passed a deadline for requesting congressional approval for the war.

International Business Times UK

Iran Considers Arming Dolphins with Mines Against US Warships as Blockade Bites

Iran is contemplating using dolphins armed with naval mines to attack US warships in the Strait of Hormuz, as tensions rise over the US blockade impacting Iran's oil exports.

International Business Times

The Clean Energy Edge Is Becoming Clearer As a Result Of The Iran War

Beyond a death toll in the thousands, the war in Iran has another ripple effect. Oil-dependent nations are getting squeezed more than ever, further clarifying the clean energy advantage.

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Barchart

Crude Prices Tumble on Hopes Negotiations to End Iran War Will Resume

June WTI crude oil (CLM26 ) today is down -3.37 (-3.21%), and June RBOB gasoline (RBM26 ) is down -0.0448 (-1.24%). Crude oil and gasoline prices gave up early gains today and retreated , with gasoline falling from a 3.75-year high, on hopes that negotiations to end the US-Iran war...

We Got This Covered

Donald Trump shamelessly wants Strait of Hormuz named after himself. But Gavin Newsom destroys him with 9 words

An ego as wide as the gulf.

Barchart

Dollar Falls on Lower Crude Prices and a Weak ISM Report

The dollar index (DXY00 ) today is down by -0.33%. The dollar added to Thursday's sharp losses today, falling to a 2-week low. The strength in other G-10 currencies is weighing on the dollar today, with the euro climbing to a 1.5-week high and the yen jumping to a 2-month...

The Independent UK

What are Trump’s options for Iran after ‘final blow’ briefing?

The United States is said to be weighing its options, with the conflict no closer to formally ending

Euronews

Fertiliser crisis caused by Iran war sparks global food security fears

The Iran war and the consequent blockade of the Strait of Hormuz has triggered a severe "fertiliser squeeze" as soaring energy costs and export disruptions push farmers' affordability to a four-year low.

The Conversation

War in the Gulf and on US free speech

Brent crude oil surged to US$126 (£94) a barrel after US president Donald Trump announced that he was willing to prolong the blockade of Iranian ports for “months if needed”. This conflict has been billed as a matter of who can absorb the most pain. And Trump is betting on…

The Independent UK

Trump ‘briefed on special forces mission’ to secure Iran’s uranium stockpile

Donald Trump reportedly received a high-level briefing on new military options against Iran from Centcom commander Admiral Brad Cooper and Chairman of the Joint Chiefs of Staff General Dan Caine on Thursday. Options discussed included potential “short and powerful” strikes on Iranian infrastructure and an operation to control parts of…

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