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The Latest Breaking News from the Strait of Hormuz

Crude Prices Climb as Global Oil Supplies Remain Disrupted

May WTI crude oil (CLK26 ) today is up +2.40 (+2.63%), and May RBOB gasoline (RBK26 ) is up +0.0655 (+2.13%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low. Crude oil and gasoline prices are moving higher today as the US naval...

Barchart

Bulletin PM briefing: Why vaccine disinformation spread and Hegseth’s bizarre biblical rant

Why vaccine disinformation spread across the UK during Covid pandemic. Hegseth brands media ‘Pharisees’ in bizarre biblical rant at Iran war briefing. UK’s armed forces need a ‘decade of renewal’, warns former military chief. China demands Iran reopen the Strait of Hormuz. Ex-Arsenal and Liverpool goalkeeper Alex Manninger dies after…

The Independent UK

No country can legally restrict navigation in Strait of Hormuz, UN maritime chief says

The Secretary-General of the UN’s International Maritime Organization (IMO) told Euronews that shipping shouldn’t become "collateral" in conflicts.

Euronews

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How Iran cryptocurrency demands explain a key role of money throughout history

When Iran began demanding payment in exchange for safe transit through the Strait of Hormuz, it offered the option to pay in cryptocurrency. Likewise, the shadowy network of tankers that have smuggled Russian oil to world markets since the full-scale invasion of Ukraine in 2022 have often been paid this…

The Conversation

Europe has six weeks of jet fuel left caused by 'dire strait' crisis, IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

Euronews

NHS could face drug shortages within weeks due to Iran war, medicine manufacturers warn

Paracetamol, antibiotics, stroke prevention medicines and even some cancer drugs could face shortages in weeks following the closure of the Strait of Hormuz

The Independent UK

Iran signals possible Hormuz shipping relief if U.S. deal is reached - REPORT

Iran has floated a proposal to let commercial vessels move freely along the Omani side of the Strait of Hormuz if negotiations with the United States produce a deal that prevents a renewed military confrontation.

Latin Times

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Donald Trump is waiting for a ‘big fat’ hug from his sworn enemy, but what follows might turn things around

President Donald Trump just dropped a Truth Social post that’s equal parts swagger and warning as he gears up for his trip to China next month. The post, which landed ahead of his May 14-15 meeting with President Xi Jinping, starts with a boast about permanently opening the Strait of…

The Mary Sue

S&P 500 and Nasdaq hit new all-time highs despite Iran war effects

The S&P 500 and the Nasdaq closed at record highs on Wednesday despite the Iran war dragging on, the Strait of Hormuz remaining largely blocked and global economic growth forecasts being cut amid rising inflation.

Euronews

China demands Iran reopen the Strait of Hormuz

IN FULL

The Independent UK

New route? How are Iran-linked ships passing through Strait of Hormuz despite US blockade

Amidst a US naval blockade, Iran-linked vessels navigated the Strait of Hormuz, signalling potential route shifts. Traffic remains significantly reduced, with heightened checks by both US and Iranian forces slowing crossings. Conflicting claims emerge regarding successful breaches, as electronic interference and disabled tracking systems obscure full visibility in this critical…

The Times of India

London faces food shortages as Iran war hits CO2 supplies

Chicken and pork could be in short supply as disruption in the Strait of Hormuz hits global trade

Evening Standard

Why no nation is truly ‘energy independent’ while the Strait of Hormuz remains closed

The U.S. blockade is working, but a potential global recession still looms.

Fortune

US blockade: No Iranian ship allowed to cross Strait of Hormuz in last three days, 10 sent back

The US military on Thursday said it had turned back 10 vessels attempting to leave Iranian ports during the first 48 hours of its naval blockade, even as maritime tracking data suggested some ships may have initially crossed the Strait of Hormuz.

The Times of India

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The Conversation

Iran has a powerful new tool in the Strait of Hormuz that it can leverage long after the war

The Trump administration claims its blockade of the Strait of Hormuz is working, with nine ships complying with orders to turn around.

The Mary Sue

Major humiliation for Donald Trump as ships ignore his Hormuz blockade bluff and sail right through

Donald Trump’s high-stakes gamble to squeeze Iran by blockading the Strait of Hormuz just got a reality check. Within hours of the U.S. Navy’s supposed ironclad blockade taking effect, multiple ships — including some linked to Iran and even a Chinese tanker — sailed right through the waterway like it…

Euronews

'Discussions are being had' on second round of Iran talks in Pakistan, White House says

Negotiators are focusing on three key points that derailed last weekend's talks, including Iran's nuclear programme, the Strait of Hormuz and compensation for wartime damages.

The Independent UK

How a US blockade on Iran has sanctioned ships turning around

The U.S. Navy is imposing a sea blockade against Iran — the latest escalation in the war that has seen the flow of key energy supplies choked off at the Strait of Hormuz

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The Times of India

Love in the time of blockades: Trump seeks a ‘fat hug’ from Xi amidst Hormuz howler

President Trump declared the Strait of Hormuz permanently open for China and the world, claiming Beijing assured him it would cease arms shipments to Iran. This announcement follows a naval blockade, causing global economic disruption. Trump's unpredictable approach, blending military pressure with personal diplomacy, fuels speculation about escalation or de-escalation,…

Euronews

EU pursues 'deeper and stronger' partnerships with Gulf states, Costa tells Euronews in Doha

In the highest-level EU visit to the Gulf since the Iran war started, European Council President Antonio Costa reinforced the EU’s strategic partnerships with the Gulf states and pushed for the reopening of the Strait of Hormuz, warning of “disastrous consequences”.

International Business Times UK

Ken Griffin Warns Global Recession 'Inevitable' If Strait Of Hormuz Stays Shut: Flags 'Mistake' In Iran Strategy

Citadel Advisors founder Kenneth Griffin believes the world will face a recession if the Strait of Hormuz remains shut for the remainder of this year.

The Times of India

Last-ditch bid for peace? Pakistan army chief Asim Munir lands in Iran to convey US offer

A critical Iran-US ceasefire deadline looms with no agreement, fueling uncertainty. Pakistan is actively mediating, dispatching a high-level delegation to Tehran with a new US message and aiming for further talks. Key disputes over Iran's nuclear program and the Strait of Hormuz persist, as both nations issue mixed signals regarding…

Barchart

Crude Prices Gain on Tighter Global Oil Supplies

May WTI crude oil (CLK26 ) today is up +1.22 (+1.34%), and May RBOB gasoline (RBK26 ) is up +0.0446 (+1.47%). Crude oil and gasoline prices recovered from early losses on Wednesday and moved higher amid the US naval blockade of the Strait of Hormuz, which continues to curb global...

Barchart

Looking to Protect Your Portfolio from the Strait of Hormuz? Why Ulta Beauty Stock Could Be an Unlikely Buy.

As oil shocks rattle spending, Ulta Beauty is thriving on small indulgences, offering resilience while broader demand feels the pinch.

The Conversation

US blockade of Strait of Hormuz ratchets up tensions with China ahead of Trump visit to Beijing

The Trump administration’s decision to carry out a naval blockade of the Strait of Hormuz has raised tensions in the Persian Gulf to new and more perilous levels. The move was announced by the US president, Donald Trump, after negotiations over a ceasefire with Iran broke down on April 11,…

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