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The Latest Breaking News from the Strait of Hormuz

High gas prices are just the beginning: How the Iran war is changing the global energy map

The largest global energy-supply shock in history is causing chaos around the world. Here are the winners and losers.

Fortune

Trump's tough-talk foreign policy is hitting a wall with Iran as it grips Strait of Hormuz

Donald Trump has struggled to secure concessions from Iran despite threats, military pressure and repeated deadlines tied to Tehran’s nuclear and regional policies. Trump on Monday said he had paused planned U.S. strikes at the request of Gulf Arab allies as “serious negotiations” were underway, while warning that military action…

The Economic Times

Oil Price Today (May 19): Crude oil retreats from $110 as Trump delays planned strike on Iran. Where are prices headed?

Oil prices dipped Tuesday after President Trump delayed a planned military strike on Iran, following appeals from Middle Eastern leaders. This de-escalation eased immediate concerns over global crude supply disruptions. Analysts warn that a prolonged closure of the Strait of Hormuz could still impact markets significantly.

The Economic Times

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Global Market Today: Oil slips, Asian stocks rise on Iran optimism

Oil prices have fallen and Asian stock markets have risen. President Donald Trump has paused military strikes, sparking hopes for a deal to end the conflict. This development could reopen energy routes through the Strait of Hormuz. Investors are watching closely as negotiations are reportedly underway. Markets experienced volatility due…

The Economic Times

Iran shrugs as Trump continuously flip-flops between threats and extending peace talk deadlines

ANALYSIS: Iran has figured out that Trump’s bluster and swirl of social media threats doesn’t matter much so long as they control the Strait of Hormuz, Andrew Feinberg writes

The Independent UK

Iran announces new body to manage Strait of Hormuz as peace talks stall

Iran announced a new body to oversee the Strait of Hormuz on Monday, signalling tighter control over the strategic waterway after months of disruption linked to its war with the United States and Israel. Tehran says the authority will manage maritime traffic and provide updates as tolls and restrictions reshape…

France 24

Why is Iran using Bitcoin (BTC) for the 'Hormuz Safe' shipping insurance system in the Strait of Hormuz amid US-Iran tensions?

Bitcoin (BTC USD) shipping insurance Iran explained: Iran is reportedly launching a bitcoin-backed maritime insurance service, "Hormuz Safe," for vessels transiting the Strait of Hormuz. This initiative, amid heightened US-Iran tensions and restricted shipping, aims to provide cryptographically verifiable policies settled in Bitcoin, potentially generating significant revenue.

The Economic Times

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Though gas prices dropped by a cent last week experts warn another spike could be coming ahead of Memorial Day

Oil markets are sensitive to the ever-shifting geopolitical tensions between the US and Iran, thus making gas prices volatile

The Independent UK

Iran Tightens Grip on Strait of Hormuz With New Maritime Authority as Donald Trump Warns the Clock Is Ticking

Middle East tensions are rising as Trump renewed threats toward Iran while Tehran tightened control over the Strait of Hormuz amid uncertain peace talks.

International Business Times UK

The Strait of Hormuz Now Has Its Own Social Media Account as Iran Turns Tensions Into a Digital War

An X account using the handle @PGSA_IRAN and the display name tied to the Hormuz Gulf appeared Monday as tensions over the waterway remained at the center of the standoff between Iran and the United States

Latin Times

Crude Oil Prices Underpinned by Lack of Progress in US-Iran Peace Negotiations

June WTI crude oil (CLM26 ) today is up +1.44 (+1.38%), and June RBOB gasoline (RBM26 ) is up +0.0441 (+1.19%). Crude oil and gasoline prices rallied to 2-week highs today as doubts about the progress of peace negotiations to end the US-Iran war keep the Strait of Hormuz closed...

Barchart

Ryanair Has Prepared For An 'Armageddon Situation' As Jet Fuel Prices Remain High

Ryanair's CFO said the company has prepared for an "Armageddon situation" as jet fuel prices remain elevated and the Strait of Hormuz closed.

International Business Times

Iran sets up Hormuz transit authority to charge ships for passage

Tehran has launched a formal body to manage and charge ships for transit through the Strait of Hormuz in a highly-contested move as tankers pile up in the waterway and peace talks remain deadlocked.

Euronews

As fears of renewed war increase, Iran eyes terrifying point of leverage that will ensure ‘no one will dare attack them again’

Yet more leverage for Iran to use against Trump.

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Roll Call

Trump’s trip to China doesn’t move the needle on low approval ratings

President Donald Trump returned from China with few concrete wins, and his refusal to owe Xi Jinping a favor in return for the Chinese president’s help reopening the Strait of Hormuz highlights his lack of a plan to ease Republicans’ gas prices concerns as Democrats hammer his 79-day-old conflict. After…

The Conversation

Trump’s Cabinet dramatically changed American foreign policy while the president made noise – a scholar of presidential rhetoric explains

The first half of 2026 has been a chaotic time for U.S. foreign policy: new tariffs, threats to annex Greenland, the capture of Venezuelan President Nicolás Maduro and the struggle for control of the Strait of Hormuz.

International Business Times

Oil Prices Climb As Trump Warns Iran Amid Stalled Diplomacy In 80-Day War

A fresh warning from President Donald Trump and reports of rising tensions around the Strait of Hormuz pushed oil prices higher and weighed on global markets Monday as indirect negotiations between Washington and Tehran continued.

International Business Times UK

Trump Dismisses Xi Jinping Proposal On Iran Conflict Resolution Amid Global Concern

US President Trump has rejected Chinese President Xi's offer to mediate the Iran conflict, adding uncertainty to international negotiations and impacting global markets.

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The Economic Times

Iran officially announces new body to manage Strait of Hormuz: top security council

Iran has established a new authority to manage the Strait of Hormuz. This vital waterway has been effectively closed by Tehran, which intends to charge ships for passage. The new body will provide updates on operations and developments. Iran's control over the strait has impacted global markets.

The Economic Times

India's cooking fuel shortage is driving up California's gas prices

India's cooking gas shortage, driven by the Strait of Hormuz closure, forces refiners to cut alkylate production. This directly impacts California's gasoline supply, as alkylates are crucial for its unique blend, leading to higher prices for motorists already facing a global fuel crisis.

The Independent UK

Rachel Reeves could scrap 5p fuel duty hike

Chancellor under pressure to shelve plans to increase fuel duty amid ongoing blockade on Strait of Hormuz

The Economic Times

Iran fires a fresh threat: After oil, your Insta reels, Amazon deliveries, WhatsApp chats and Netflix streams could be the next target

From Whatsapp chats, Insta reels to Amazon deliveries, everything could be hit as Iran is considering imposing fees on undersea internet cables passing through the Strait of Hormuz. This move could impact global technology companies and disrupt international internet traffic. The proposal also suggests restricting cable repair work to Iranian…

The Economic Times

Oil Price Today (May 18): Crude oil above $110 again as Iran war tensions deepen. Where is liquid gold headed?

Oil prices climbed on Monday. Hopes for peace with Iran dimmed after an attack on a UAE nuclear plant. President Trump is reviewing military actions. Drone attacks on the UAE and Saudi Arabia increased fears of wider conflict. The Strait of Hormuz remains a key concern for global oil and…

The Economic Times

Global Market Today: Asian shares slip, oil prices pile pressure on bonds

Asian markets declined Monday. Drone attacks in the Gulf boosted oil prices and bond yields. Investors anticipate Nvidia's earnings report this week, which could impact the AI boom. G7 finance ministers are meeting to discuss the Strait of Hormuz and raw material supplies. High energy costs are driving inflation concerns…

The Times of India

Iran’s next move after blocking Hormuz? Tehran is now eyeing the Gulf’s hidden arteries

Iran’s widening war with the US and much of the Middle East appears to be entering a new phase. After using the Strait of Hormuz as leverage during months of military escalation, Tehran is now signalling that it could target another critical global chokepoint: the vast network of subsea internet…

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