Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from the Strait of Hormuz

US military boards Iranian oil tanker suspected of breaching blockade

United States military forces boarded an Iranian oil tanker in the Gulf of Oman. This action escalates pressure on Iran. The vessel was searched and redirected. It is the fifth commercial ship intercepted since Washington imposed a blockade on Iranian shipping. This is part of efforts to force Tehran back…

The Times of India

UAE Says Its Pipeline To Bypass The Strait Of Hormuz Is Almost Halfway Done

The UAE said the pipeline it's building to bypass the Strait of Hormuz is almost halfway complete after accelerating construction while the key waterway remains closed as a result of the war in Iran.

International Business Times

Iran Tightens Grip on Strait of Hormuz With Island Checkpoints and Transit Fees: Report

Ships moving through the Strait of Hormuz are now subject to a multi-tiered clearance process by Iran's Islamic Revolutionary Guard Corps, which can include affiliation checks, inspections, and diplomatic intervention, according to a new report.

International Business Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Crude Oil Prices Plummet on Speculation Strait of Hormuz Could Soon Reopen

July WTI crude oil (CLN26 ) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26 ) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling to a 1.5-week low. Crude price plummeted on Wednesday after President Trump said the US is in...

Barchart

Digital bottleneck: How Iran wants to use internet access as leverage in the war

Tehran is floating the idea of charging the world’s largest tech companies – including Google, Meta, Microsoft and Amazon – for using the undersea internet cables crossing the Strait of Hormuz in a new attempt to exploit its control over the critical waterway to ratchet up economic pressure on the…

France 24

Iran's threat to Hormuz submarine cables

Iran's Revolutionary Guard Corps has threatened to impose permits on submarine fiber-optic cables passing through the Strait of Hormuz. This move could disrupt global data flow, impacting financial transactions and government communications. While some countries have alternative routes, Qatar, hosting a key cable terminal, faces significant impact. Repairing damaged cables…

The Economic Times

Crude Oil Prices Tumble on Hopes the Iran War Could Soon End

July WTI crude oil (CLN26 ) today is down -4.43 (-4.25%), and July RBOB gasoline (RBN26 ) is down -0.1264 (-3.54%). Crude oil and gasoline prices are falling sharply today on optimism that diplomacy may finally end the Iran war and reopen the Strait of Hormuz. Crude prices remained sharply...

Barchart

Read news from The Economist, FT, and more,
with one subscription

Hormuz closure could trigger 'agrifood shock', price crisis within a year, FAO warns

A critical warning from the United Nations Food and Agriculture Organization highlights a looming global food price crisis. The closure of the Strait of Hormuz is expected to cause a major shock to food supplies. This disruption could lead to severe price hikes within the next six to twelve months.

The Economic Times

As Iran mulls tariffs on Hormuz internet cables, how might the fees threaten Europe?

The move could raise connectivity costs and create greater digital vulnerability for Europe, but some experts argue that the continent has enough backup bandwidth to survive without access to the cables in the Strait of Hormuz.

Euronews

Drivers ditch cars for bikes as fuel prices continue to soar

Iran’s grip on the Strait of Hormuz means the average price of a litre of petrol and diesel at UK forecourts have increased

The Independent UK

India prepares to send oil tankers through Hormuz for new supply

India is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for the first time since the Iran conflict began. State-run Shipping Corporation of India is ready to restart operations in the Persian Gulf once it receives approval…

The Economic Times

Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects

Two Chinese oil tankers have passed through the Strait of Hormuz. This follows positive comments from U.S. President Donald Trump and Vice President JD Vance. They suggest a resolution to the U.S.-Israeli conflict with Iran is nearing. Oil prices have eased on these developments. Negotiations with Iran are ongoing, with…

The Economic Times

NATO not drawing up plans for Hormuz mission, top commander says

NATO is not currently planning a mission in the Strait of Hormuz, with the alliance’s top commander saying any such operation would first require unanimous political approval from all 32 member states.

The Economic Times

Why India And UAE Are Building A Hidden Super Corridor

The world is entering one of its most unstable and unpredictable periods in decades. Wars are intensifying across the Middle East, global shipping routes remain under threat, and even a single attack near the Strait of Hormuz can shake fuel prices and economies worldwide within hours. As many nations struggle…

MyLifeXP

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

UK allows diesel and jet fuel imports from Russian crude via sanctions carve-out

Britain will allow imports of diesel and jet fuel refined in other countries from Russian crude oil, creating a sanctions exemption aimed at easing soaring fuel prices caused by Middle East conflict and disruptions around the Strait of Hormuz.

Barchart

Crude Oil Prices Slip on Diplomatic Hopes to End Iran War

June WTI crude oil (CLM26 ) on Tuesday closed down -0.89 (-0.82%), and June RBOB gasoline (RBM26 ) closed down -0.0645 (-1.72%). Crude oil and gasoline prices retreated on Tuesday after the dollar index ($DXY ) jumped to a 6-week high. Crude prices also moved lower after President Trump late...

International Business Times

NATO Reportedly Discussing Operation To Reopen Strait Of Hormuz If It's Not Reopened By July

NATO is reportedly considering an operation to reopen the Strait of Hormuz if the key waterway remains closed by July, according to a new report.

Euronews

G7 finance ministers gather in Paris amid Iran tensions and tariff concerns

Finance ministers from G7 economies gathered in Paris for a second day of talks focused on global economic pressures, including the Iran conflict, US tariffs and disruptions linked to the Strait of Hormuz.

Get all your
news in one place.

100's of premium titles.
One news app.

Euronews

Gulf states talk Trump out of Iran strikes in a show of regional influence

Trump said he suspended imminent US military strikes on Iran “for two or three days” after the Gulf states intervened to gain more time due to ongoing negotiations and concerns over Iranian retaliation, with Qatar stating that Gulf leaders are united in trying to avoid a resumption of the war.

The Economic Times

Top commander says 'thinking' about NATO role in Strait of Hormuz

NATO's top commander is considering how the alliance could assist in the Strait of Hormuz, though no formal planning has commenced. European nations, led by Britain and France, are exploring options to keep the crucial waterway open following its closure.

The Conversation

Is the Gulf losing its grip on the oil world?

One of the most striking features of the Iran war has been the resilience of the global oil market. Despite the disruption of flows through the Strait of Hormuz, the world’s most important oil transit chokepoint, prices have generally hovered around US$100 (£75) per barrel – a lower level than…

The Times of India

Months after snubbing Trump’s ‘Operation Epic Fury’, Nato weighs Hormuz mission to protect ships

NATO is considering deploying forces to protect shipping in the Strait of Hormuz if the blockade persists into July, a move that would significantly alter the alliance's stance on the US-Israeli conflict with Iran. Growing economic pressure from soaring energy prices is driving this reconsideration, with leaders set to discuss…

International Business Times UK

Ryanair Locked In Fuel at Half the Spot Price Yet Still Warns Passengers to Expect Higher Fares

Despite airline industry struggles, Ryanair remains confident about Europe's fuel supply but warns fares could rise if the Strait of Hormuz stays closed.

The Independent UK

Why Iran wants to charge world’s largest tech companies for using Strait of Hormuz undersea cables

Iran’s veiled threat to disrupt subsea cable is a bid to gain leverage against future attacks

The Economic Times

Kotak warns of massive fuel under-recoveries despite recent Rs 3/litre price hike

Fuel prices in India could see a significant increase. State-run oil companies may have to raise petrol and diesel rates further if crude oil prices stay high. This is due to ongoing disruptions in the Strait of Hormuz. Even after a recent small hike, refiners face substantial under-recoveries. Further price…

1 … 59 60 61 62

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations