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The Latest Breaking News from the Strait of Hormuz

Trump Says He Has 'All The Time In The World' To Make a Deal With Iran, Which Doesn't

President Donald Trump said he has "all the time in the world" to make a deal with Iran and end the war, but Tehran is not in that same position because the blockade of the Strait of Hormuz is choking its finances.

International Business Times

Crypto-scammers are offering cargo ships in the Strait of Hormuz safety for Bitcoin, and Iran's already fired on at least one

At least no-one's been hurt, yet.

PC Gamer

Crude Oil Prices Surge on Signs Iran War Will Persist

June WTI crude oil (CLM26 ) on Thursday closed up +2.89 (+3.11%), and June RBOB gasoline (RBM26 ) closed up +0.0858 (+2.65%). Crude oil and gasoline prices settled sharply higher on Thursday, with gasoline climbing to a 3.75-year high. Energy prices remain underpinned as the Strait of Hormuz remains essentially...

Barchart

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Iran deploys more mines in the Strait of Hormuz, sources say

The military standoff in the world's most important oil chokepoint is escalating.

Axios

Heightened Supply Risks Boost Cocoa Prices

May ICE NY cocoa (CCK26 ) on Thursday closed up +30 (+0.90%), and May ICE London cocoa #7 (CAK26 ) closed up +19 (+0.76%). Cocoa prices settled higher on Thursday amid heightened concerns that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global cocoa supplies....

Barchart

Coffee Prices Soar as Supply Risks Intensify

July arabica coffee (KCN26 ) on Thursday closed up +11.20 (+3.87%), and May ICE robusta coffee (RMK26 ) closed up +153 (+4.32%). Coffee prices rallied sharply on Thursday and posted 4-week highs. Concerns that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global coffee supplies...

Barchart

Trump promised peace in the Gulf but delivered chaos. Now Iran’s Revolutionary Guard is hijacking ships under his ‘ceasefire’

Iran just seized two more ships in the Strait of Hormuz, and the chaos President Donald Trump promised would never happen is now spiraling out of control. The Panama-flagged MSC Francesca and the Greek-operated Epaminondas were both stopped by Iran’s Revolutionary Guard and towed to shore, marking the first time…

The Mary Sue

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US Secretary of the Navy Abruptly Departs from His Post

In a shocking twist of events, the US Secretary of the Navy, John Phelan, was ousted from his post. He’s the latest Trump official to be relieved from his position. But the timing has left people uncertain, as there is an ongoing blockade at the Strait of Hormuz.

The Mary Sue

Deal or Die: Trump's Iran playbook takes a dark turn

TOI Correspondent from Washington: US President Donald Trump on Wednesday escalated his rhetoric against Iran to a new pitch, appearing to endorse the idea of eliminating Iranian leaders who oppose a deal, two weeks after he threatened to annihilate a civilisation --- even as he doubled down on claims of…

The Times of India

China Holds Largest Oil Stockpiles As Prolonged Iran War Raises Fears Of Global Supply Shock: Report

China's aggressive oil stockpiling surge ahead of the Iran war is reshaping global energy security dynamics as supply risks intensify in the Strait of Hormuz.

International Business Times

Supply Risks Boost Cocoa Prices

May ICE NY cocoa (CCK26 ) today is up +24 (+0.72%), and May ICE London cocoa #7 (CAK26 ) is up +14 (+0.56%). Cocoa prices are moving higher today on concern that a prolonged US-Iran war will keep the Strait of Hormuz closed and disrupt global cocoa supplies. The closure...

Barchart

U.S. sailor en route to Strait of Hormuz sidelined by monkey attack

Officials say the attack is a reminder that military missions face unexpected troubles and disruptions.

Axios

Trump orders US Navy to ‘shoot and kill’ Iranian mine boats in Hormuz

Iranians are ‘having a very hard time figuring out who their leader is’, says president

The Independent UK

Crude Oil Prices Underpinned as Iran War Tightens Global Oil Supplies

June WTI crude oil (CLM26 ) today is up +0.44 (+0.47%), and June RBOB gasoline (RBM26 ) is up +0.0093 (+0.29%). Crude oil and gasoline prices are moving higher today, with gasoline climbing to a 3.75-year high. Energy prices remain underpinned as the Strait of Hormuz remains essentially closed, threatening...

Barchart

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Tom’s Hardware

Crypto scam takes advantage of Strait of Hormuz crisis by taking fake payments, leading to two ships being fired upon — two vessels reportedly fell victim and paid fake 'Iranian authorities'

Two vessels waiting to transit the Strait of Hormuz reportedly fell victim to scammers posing as Iranian authorities and asking for transit fee payments in crypto.

The Conversation

Has the Strait of Hormuz emerged as Iran’s most powerful form of deterrence?

One of the US and Israel’s justifications for launching the war on Iran was to ensure the regime in Tehran could never possess nuclear weapons, the ultimate deterrent against external attack. But the main lesson that has been taken from the war, according to some commentators, is that Iran’s own…

Fortune

‘The biggest energy security threat in history’: IEA chief warns 13 million barrels a day are gone with no cure in sight

IEA chief Fatih Birol says the world is losing 13 million barrels of oil a day, more than the two 1970s oil crises combined.

International Business Times

Trump Says Iranian Officials Can't Figure Out 'Who Their Leader Is': 'They Just Don't Know!'

President Donald Trump said on Thursday that Iranian officials are "having a very hard time figuring out who their leader is" as the fate of negotiations continues to be uncertain.

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The Independent UK

Fallout from Iran war is ‘major new threat to foreign aid’

There are growing concerns that the economic fallout from the current conflict in the Middle East will push Gulf nations – who collectively provided more humanitarian aid than the US last year – turning away from foreign assistance

The Independent UK

Trump loses it over Iran peace deal failure and orders Navy to ‘shoot and kill’ over Hormuz Strait: ‘CRAZY!’

The U.S. Navy decommissioned four Avenger-class minesweepers last fall and returned them from the Persian Gulf aboard a large cargo ship this past January

International Business Times

Trump Says He Ordered U.S. Forces To 'Shoot And Kill' Iranian Boats Blockading The Strait Of Hormuz

President Donald Trump said on Thursday that he ordered U.S. forces to "shoot and kill" Iranian boats blockading the Strait of Hormuz.

Euronews

US and Iran continue seizing ships in tense Hormuz standoff

The US and Iran continued seizing ships in the tense Hormuz standoff, with Tehran calling Washington's blockade a “ceasefire violation” and claiming it has been collecting transit fees for passage.

International Business Times UK

Donald Trump Issues 'Shoot and Kill' Order to U.S. Navy as Strait of Hormuz Conflict Escalates

Donald Trump has told the US navy to 'shoot and kill' any Iranian boats laying mines in the Strait of Hormuz, hardening a blockade that is already roiling global energy markets and testing maritime law.

Evening Standard

Trump issues ‘shoot to kill’ order for boats laying mines in Strait of Hormuz

President Donald Trump has also directed the US navy to step-up clearance of the explosive devices from the critical Gulf waterway.

International Business Times

Pentagon Tells Congress that Clearing Mines from the Strait of Hormuz Could Take Up to 6 Months

Pentagon officials told Congress Iran may have deployed at least 20 mines using both boats and GPS-guided remote systems in the Strait of Hormuz, according to a new report.

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