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The Latest Breaking News from the Strait of Hormuz

Plus: Donald Trump vs. Thomas Massie, Republicans preparing to kill the filibuster for a very dumb reason, explosions in the Strait of Hormuz, and more...

Reason

‘Nothing to be afraid of!’ Donald Trump told ships to ‘show some guts’ in Strait of Hormuz, here’s what happened next

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Global Loss and Damage Fund Offers Hope as Africa Faces Rising Climate Costs {Business Africa}

Africa is waiting for real financing from the global Loss and Damage Fund designed to help countries cope with climate-related destruction. From the Strait of Hormuz to African markets: Rising geopolitical tensions are pushing up global oil prices—driving higher fuel and food costs in Africa

Euronews

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'We'll make a lot of money,' says Trump as oil price jumps leaving millions facing higher energy, petrol and food bills

‘The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,’ says the US president

Evening Standard

'We are simply not ready': US says its military cannot escort vessels in Strait of Hormuz right now

America's military is currently unable to escort oil tankers through the Strait of Hormuz. Energy Secretary Chris Wright stated that military assets are focused on Iran's offensive capabilities. Escort operations are expected soon, possibly by month's end. US forces have eliminated Iranian vessels suspected of laying mines near the strait.

The Times of India

Ships declare themselves Chinese in the Strait of Hormuz to avoid attacks

At least 19 commercial ships around the region had been damaged in the war as of Thursday

The Independent UK

IEA Releases 400 Million Barrels from Reserves to Ease Energy Prices

The International Energy Agency released 400 million barrels of oil from reserves to stabilize global energy markets disrupted by the Strait of Hormuz crisis.

International Business Times

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Iran gives safe passage to India through Strait of Hormuz? ‘Sources’ jump the gun again

Here we are again. Another day, another cycle of ‘sources’ making the fog of war foggier. This time, the chatter centres on claims that Iran will grant safe passage to India-flagged tankers through the Strait of Hormuz.

Newslaundry

Oil went over $100 again after the U.S. admitted it cannot control the Strait of Hormuz

Oil is trading like a meme stock, some analysts say.

Fortune

Why Petrol Prices Haven’t Risen Despite $100 Oil

Fuel prices influence nearly every part of daily life. From daily commuting to the cost of groceries and transportation, even a small change at the petrol pump can affect the entire economy. Recently, global oil markets witnessed a dramatic shift as crude oil prices surged close to $100 per barrel,…

MyLifeXP

Trump's limited gas-price options on Iran

Nothing will approach normal until large-scale tanker traffic through the Strait of Hormuz resumes.

Axios

Iran Allows Indian-Flagged Ships Safe Passage Through Strait of Hormuz

Iran has allowed Indian-flagged vessels to safely transit the strategically crucial Strait of Hormuz, even as maritime activity through the waterway has slowed significantly following recent United States and Israeli strikes on Iran. The development was reported by The Economic Times and comes amid rising concerns over the safety of…

Whats Hot

Oil prices soar again after two tankers struck off coast of Iraq

Oil prices have surged past $100 a barrel following suspected Iranian attacks on multiple fuel tankers in Iraqi waters. Iraqi oil ports have completely ceased operations, prompting other countries to move their vessels from the area as a precaution. Iran has claimed responsibility for hitting a Thai bulk carrier yesterday,…

The Independent UK

Iran-US war latest: Trump says strikes have ‘obliterated’ military targets on vital oil hub island

Kharg Island is the linchpin of Tehran’s oil industry

The Independent UK

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The Times of India

Watch: Video shows huge blaze after blasts hit oil tankers off Iraq’s Basra coast

A deadly explosion rocked two oil tankers in the Persian Gulf off Iraq's Basra coast, with officials suspecting an attack by Iranian boats. The blasts ignited massive fires, forcing the evacuation of 38 foreign crew members. This incident escalates regional tensions and threatens vital global oil supply routes, particularly the…

Axios

Calls grow for Strait of Hormuz ship escorts as Iran escalates attacks

There are about 20,000 seafarers currently working on ships in the Persian Gulf, expert notes.

Evening Standard

Starmer warns against profiteering as Trump vows to ‘finish the job’ in Iran

Threats from Tehran have choked shipping through the Strait of Hormuz, a vital artery for global oil and gas supplies.

Pedestrian.tv

Australian Petrol Prices Set To Skyrocket After Strikes In Strait Of Hormuz

Australians are being warned to brace for higher petrol prices as attacks on ships in the Strait of Hormuz choke global oil supplies.

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Fortune

The shadow fleet and illegal oil are still moving through the Strait of Hormuz

This morning, three vessels were struck attempting to transit the Strait of Hormuz. The Strait is effectively closed. Since the beginning of the conflict involving the United States, Israel and Iran on Feb. 28, 2026, oil tanker traffic through the world’s most critical oil shipping choke point has collapsed, dropping…

The Mary Sue

IEA’s ‘unprecedented’ oil release was supposed to fix everything, yet the market had a chilling response

The International Energy Agency (IEA) announced this week that its member countries unanimously agreed to release a massive 400 million barrels of oil from their strategic reserves, an unprecedented move aimed at stabilizing soaring prices, but the market’s response was, frankly, a bit chilling. Despite this huge injection of potential…

The Times of India

Cargo ship-bound for Kandla port catches fire after Iran attack, 20 rescued, 3 missing

An India-bound Thai cargo vessel was among four ships attacked in the Strait of Hormuz, with the ship heading for Gujarat's Kandla port catching fire. The Indian government deplored the targeting of commercial shipping, emphasizing the need to avoid impeding freedom of navigation and commerce.

Euronews

France's Macron opposed to lifting sanctions against Russia

French President Emmanuel Macron also said he had "no confirmation" Iran was laying sea mines in the Strait of Hormuz.

Barchart

Nat-Gas Prices Rally as Iran War Drags On

April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.189 (+6.26%). Nat-gas prices on Wednesday rallied in sympathy with crude oil prices and European gas prices as the Iran war drags on. Missiles hit three vessels on Wednesday in the Strait of Hormuz and the Persian Gulf, and new...

Evening Standard

What is the Strait of Hormuz and why is it so important?

The world's busiest oil shipping channel has around a fifth of the world’s oil passing through it each year

Barchart

Crude Prices Rally Despite IEA Stockpile Release

April WTI crude oil (CLJ26 ) is up +4.62 (+5.54%), and April RBOB gasoline (RBJ26 ) is up +0.14379 (+5.60%). April WTI crude oil on Monday spiked up to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $87-per-barrel area. Crude oil prices spiked higher to...

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