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The Latest Breaking News from the Strait of Hormuz

Crude Prices Surge With No End in Sight to US-Iran War

June WTI crude oil (CLM26 ) on Wednesday closed up +6.95 (+6.95%), and June RBOB gasoline (RBM26 ) closed up +0.1650 (+4.81%). Crude oil and gasoline prices extended this week's sharp rally on Wednesday, with crude oil posting a 3-week high and gasoline posting a 3.75-year high. Crude prices continue...

Barchart

4 am fury, 24/7 gridlock: Trump takes world into long, hot Hormuz summer

President Trump has directed aides to prepare for a prolonged naval blockade of the Strait of Hormuz, aiming to choke Iran's oil exports and force concessions without triggering wider conflict. This strategy is causing global energy disruptions, with rising gasoline prices impacting American consumers and forcing other nations to scramble…

The Times of India

Crude Prices Soar on Prospects for Prolonged Closure of Hormuz

June WTI crude oil (CLM26 ) today is up +5.18 (+5.18%), and June RBOB gasoline (RBM26 ) is up +0.1502 (+4.38%). Crude oil and gasoline prices extended this week's sharp rally today, with crude oil posting a 2-week high and gasoline posting a 3.75-year high. Crude prices continue to climb...

Barchart

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Oil Keeps Rising As Strait Of Hormuz Remains Closed; Brent Crude Tops $116

Oil kept rising on Wednesday as the Strait of Hormuz remains closed, preventing the passage of almost a quarter of the world's energy while hostilities between the U.S. and Iran continue.

International Business Times

Trump Warns Iran To 'Better Get Smart Soon' And Posts Picture Of Him With a Gun: 'No More Mr. Nice Guy!'

President Donald Trump on Wednesday warned Iran to "better get smart soon" as negotiations between the countries continue to be deadlocked and the Strait of Hormuz closed.

International Business Times

Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+.

Euronews

Europe revives renewables and nuclear to address the energy crisis

Brussels is looking for a long-term fix, putting both renewables and nuclear back on the table after the Strait of Hormuz closure sent energy bills soaring. Watch the video!

Euronews

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Iran War Pushes U.S. Gas Prices To Highest Level Since the Conflict Began as Strait of Hormuz Remains Closed

Gas prices were near $4.18 a gallon on Tuesday, up $1.19 since late February, when the U.S. and Israel attacked Iran.

Latin Times

Iran War Pushes U.S. Gas Prices To Highest Level Since War Began as Strait of Hormuz Remains Closed

Gas prices were near $4.18 a gallon on Tuesday, up $1.19 since late February, when the U.S. and Israel attacked Iran.

International Business Times

Tighter Global Oil Supplies Underpin Crude Prices

June WTI crude oil (CLM26 ) on Tuesday closed up +3.56 (+3.69%), and June RBOB gasoline (RBM26 ) closed up +0.0623 (+1.85%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices...

Barchart

Putin just handed Iran a lifeline after Trump’s ‘all the cards’ bluff backfired in the Strait of Hormuz

Russian President Vladimir Putin just threw Iran a diplomatic lifeline as tensions in the Strait of Hormuz threaten to reignite full-scale conflict. During a high-profile meeting in Russia, Putin praised Iran’s “courage” and pledged unwavering support, signaling Moscow’s growing role in shaping the outcome of the standoff. The move comes…

The Mary Sue

US Petrol Prices Hit Four-Year High? Reports Claim Gridlock Over Reopening of Strait of Hormuz Sent Cost to $4.18 a Gallon

US petrol prices have surged to a four-year high due to geopolitical tensions over the Strait of Hormuz, affecting global oil supply and consumer costs.

International Business Times UK

Supply Concerns Support Cocoa Prices

July ICE NY cocoa (CCN26 ) on Tuesday closed up +84 (+2.55%), and May ICE London cocoa #7 (CAK26 ) closed up +75 (+3.10%). Cocoa prices moved higher on Tuesday amid growing supply concerns. The prolonged closure of the Strait of Hormuz is disrupting global cocoa supplies. The closure of...

Barchart

Potatoes, milk and chicken among foods UK could see shortages of as a result of Iran war

Fresh produce, meat, dairy, and even toilet paper could be impacted by the closure of the Strait of Hormuz

The Independent UK

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The Times of India

Trump claims Iran collapse while Teheran sees leverage as Hormuz stand-off tightens

TOI correspondent from Washington: US President Donald Trump on Tuesday claimed that Iran is “in a state of collapse” and is urgently pleading with Washington to reopen the Strait of Hormuz, projecting an image of a weakened adversary desperately seeking relief. But developments on the ground suggest a far more…

Barchart

Supply Fears Push Cocoa Price Higher

July ICE NY cocoa (CCN26 ) today is up +84 (+2.55%), and May ICE London cocoa #7 (CAK26 ) is up +72 (+2.09%). Cocoa prices are moving higher today amid growing supply concerns. The prolonged closure of the Strait of Hormuz is disrupting global cocoa supplies. The closure of the...

Barchart

Crude Prices Strengthen as Global Oil Supplies Tighten with Strait of Hormuz Closed

June WTI crude oil (CLM26 ) today is up +3.13 (+3.25%), and June RBOB gasoline (RBM26 ) is up +0.0241 (+0.72%). Crude oil and gasoline prices are sharply higher for a second day today, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices continue...

Euronews

Qatar warns Iran it will not be used as 'political punching bag'

Qatar warned Iran on Tuesday it will not be used as a “political punching bag,” calling for a "comprehensive deal" that would secure the Gulf. In response to Euronews, Qatar's foreign ministry spokesman said "we applaud our partners in Europe for taking the lead" in the Strait of Hormuz crisis.

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The Times of India

US vs Iran nuclear standoff enters cold war phase - is a bigger war coming?

The Iran conflict has entered a Cold War-like phase with financial sanctions and naval interdictions, leading to a tense stalemate. Higher energy prices are expected to persist, while the risk of escalation remains. President Trump is reportedly weighing new strikes against intensifying sanctions, aiming to force Iran into nuclear program…

Euronews

Iran war will trigger largest energy price surge since 2022, World Bank warns

The World Bank’s latest Commodity Markets Outlook report predicts a 24% surge in energy prices this year as the Iran war delivers a historic shock to global supply chains.

Euronews

UAE leaves OPEC, citing national interest in 'a new energy age'

The UAE’s historic decision is a major blow to the alliance of oil producers, just as the global energy crisis is escalating over Iran’s blockade of the Strait of Hormuz, but the Gulf state insists its decision “enhances the UAE’s ability to respond to evolving market needs."

International Business Times

Marco Rubio Appears To Reject Iranian Proposal To Reopen Strait Of Hormuz Without Nuclear Deal

Secretary of State Marco Rubio appeared to reject Iran's proposal to end the war and reopen the Strait of Hormuz without a nuclear deal, saying that is the main reason for hostilities.

The Times of India

Iran oil tankers turned back by US blockade

US naval actions have significantly disrupted oil traffic through the Strait of Hormuz, forcing six tankers carrying millions of barrels of Iranian oil back to Iran. While some vessels are being diverted, others have managed to pass, highlighting the ongoing impact of the conflict on global oil exports and the…

The Independent UK

The Latest: US appears cold to Iranian proposal to end the war without a nuclear deal

The Trump administration seems unlikely to accept Iran’s offer to end the war and its chokehold on the Strait of Hormuz

Space

Could the moon ever be blockaded? Experts predict cislunar space could be the next Strait of Hormuz

The ongoing military conflict regarding Iran and the Strait of Hormuz may well mirror a future situation off-Earth — the use of cislunar space, the region between the moon and our planet.

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