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The Latest Breaking News from the Strait of Hormuz

Oil Price Today (June 8): Crude oil flares up 5% as Israel attacks Iran, Lebanon in latest escalation. What's next?

Oil prices surged 5% on Monday after Israel launched fresh strikes on Lebanon, raising fears of renewed Middle East tensions and potential disruptions to crude flows through the Strait of Hormuz. U.S. crude climbed to $92.64 a barrel, while Brent crude rose to $95.42 a barrel.

The Economic Times

Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos

Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.

Fortune

US, Iran appear far from peace deal 100 days since war began

Tensions rise as US and Iran struggle for an interim deal. Fresh attacks test a fragile ceasefire. Frozen Iranian assets and the Lebanon conflict stall negotiations. The Strait of Hormuz remains a focal point. Global oil prices spike, impacting voters ahead of midterm elections. Pakistan plays a mediating role.

The Economic Times

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US says shot down Iran drones as war reaches 100th day

TEHRAN - The United States said it shot down a pair of Iranian drones threatening the Strait of Hormuz, as the Middle East war reached its 100th day on Sunday with no end in sight.

Bangkok Post

Pakistan's interior minister is in Tehran as the US downs more Iranian drones over Hormuz

Pakistan's interior minister is in Tehran to revive Iran-U.S. negotiations. This comes as U.S. forces downed Iranian drones near the Strait of Hormuz. Fighting between Israel and Hezbollah continues despite a ceasefire extension. Israel struck Beirut suburbs in response to earlier rocket fire. The conflict impacts global trade and risks…

The Economic Times

Israel strikes Beirut's southern suburbs days after ceasefire agreement

Israel has struck the southern Beirut suburbs, targeting Hezbollah command centers

The Independent UK

Strait of Hormuz: Iran-U.S. war is far from over. Here's why

Iran’s Revolutionary Guard said it had targeted the Ali Al Salem air base, which hosts U.S. forces in Kuwait, and the U.S. Navy’s 5th Fleet in Bahrain, according to the state-run IRNA news agency. The U.S. military said there were no reports of harm to U.S. personnel.

The Economic Times

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US downs two Iranian drones threatening Strait of Hormuz traffic

US forces intercepted two Iranian attack drones near the Strait of Hormuz, a day after downing four others that Washington said threatened maritime traffic in the strategic waterway.

Euronews

Iran-US war latest: Israel launches retaliatory strikes on Iran’s military targets after missile attack

Explosions were reported in several cities, including Tehran and Isfahan

The Independent UK

Indian households continue to pay among the lowest cooking gas prices in the world: Petroleum Ministry

The Indian household continues to buy cooking gas much cheaper than the household in any neighbouring country, and far below the price paid in advanced economies such as the United States, Australia and Canada, the Ministry of Petroleum and Natural Gas said on Sunday, noting that a beneficiary of the…

The Economic Times

US forces shoot down two Iranian attack drones in Strait of Hormuz amid fresh escalation

United States forces have intercepted and destroyed two Iranian drones. These drones posed a threat to commercial shipping in the Strait of Hormuz. This action marks a fresh escalation of hostilities in West Asia. The incident follows Iran's earlier missile and drone attacks on the strategic waterway and its Gulf…

The Economic Times

The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides 'naval overwatch'

"The attack drones posed an immediate threat to regional maritime traffic," U.S. Central Command said.

Fortune

Trump's Blockade Has Cost Tehran $6bn in Oil Revenue and the Rest of the World Is Feeling It

Iran's oil exports have dropped to a six-year low due to a US naval blockade, causing significant economic strain and impacting global energy markets.

International Business Times UK

Sen. Chris Murphy Torches Trump's Iran Deal, Calls Conflict the 'Most Incompetent War in Modern US History'

US Senator Chris Murphy criticises President Trump's draft deal to end the Iranian conflict, questioning its effectiveness and impact on America's global standing. Discover the implications for the Strait of Hormuz and the international response.

International Business Times UK

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The Economic Times

Why oil’s not at $200 after the biggest supply shock in history

Global oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US oil exports and a significant drop in Chinese demand are helping to absorb the shock. Strategic reserves have been released and alternative routes are being used.

The Economic Times

US strikes Iranian sites after Iran launches drones, in latest Gulf flare-up

U.S. forces struck Iranian coastal radar sites after shooting down four Iranian drones targeting maritime traffic near the Strait of Hormuz. Iran retaliated by attacking U.S. bases in Kuwait and Bahrain, leading to condemnations and further complicating indirect negotiations for a ceasefire.

The Economic Times

Rising fuel prices to strain household budgets as West Asia crisis pushes crude above USD 100: Chief Economist Manoranjan Sharma

Fuel prices are climbing globally, impacting Indian households. The West Asia conflict is driving up crude oil costs, making higher fuel prices unavoidable. India, reliant on oil imports through the Strait of Hormuz, faces significant challenges. While the government aims to protect consumers, global energy shocks present limitations.

The Times of India

'Hostile missiles, drones intercepted': Kuwait, Bahrain come under Iranian attack; watch

Iran launched ballistic missiles and drones toward Kuwait and Bahrain, prompting air defense responses in both nations. The US military intercepted Iranian missiles and drones targeting the Strait of Hormuz and allies, striking Iranian radar sites in response. These actions escalate tensions between Tehran and Washington amid ongoing regional confrontations.

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The Economic Times

Russia's oil major says US companies benefit from the closure of the Strait of Hormuz

Rosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the United States is altering global energy markets to serve its own interests. Sechin also noted that the OPEC+ group has weakened due to member withdrawals. He warned…

The Economic Times

Iran targets Bahrain and Kuwait after renewed US strikes

Iran launched missile attacks on Bahrain and Kuwait after renewed US strikes. This action has intensified regional conflict and threatened a fragile truce. Weeks of negotiations have failed to secure a peace deal. The Strait of Hormuz remains a critical global trade route. Tensions rose significantly with these exchanges of…

The Independent UK

Iran-US war latest: Two more drones downed over Strait of Hormuz as Trump claims he ‘destroyed’ Tehran’s military

It comes as the US military said it downed six Iranian missiles in the Gulf

The Economic Times

US unveils video of retaliatory strikes following interception of six Iranian missiles over Gulf

US forces struck Iranian radar sites in Goruk and Qeshm Island. This followed Iranian drone and missile attacks targeting maritime shipping. Six Iranian ballistic missiles were shot down. The US dismissed Iranian claims of hitting American naval infrastructure. The exchange highlights ongoing tensions in the Strait of Hormuz.

The Times of India

'Immediate threat': US downs four Iranian drones, strikes radar sites near Hormuz

American forces shot down four Iranian drones heading toward the Strait of Hormuz on Friday and followed up by hitting Iranian coastal surveillance radar sites, escalating tensions that continue to test an already fragile ceasefire.

The Economic Times

US military says it shot down Iranian drones launched toward Strait of Hormuz

The US military shot down four Iranian drones near the Strait of Hormuz and struck coastal radar sites in response, escalating tensions. This action comes as the Trump administration increases pressure on Iran, impacting regional maritime traffic and global energy prices. The US also boarded a sanctioned oil tanker and…

The Economic Times

Strait of Hormuz boils again: Iranian drones launched toward global oil corridor shot down, says U.S military

Iran war: U.S. Central Command said it hit the radar sites, including an island in the Strait of Hormuz, “to defend against further attacks.”

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