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The Latest Breaking News from the Strait of Hormuz

Leavitt insists Americans ignore Trump’s words on Iran and focus on the bottom line after ‘Praise be to Allah’ diss

White House spokesperson maintains Trump’s extreme rhetoric has no effect on America’s moral standing

The Independent UK

Has the Iran War Ceasefire Already Ceased?

Both sides claim that they’ve agreed to stop fighting and open the Strait of Hormuz, but the fighting is still happening and Hormuz is still closed.

Reason

Iran Now Says It Will Limit Transit In Strait Of Hormuz To a Dozen Ships a Day And Charge Fees Despite Ceasefire

Iran told mediators on Wednesday that it will limit transit through the Strait of Hormuz to a dozen ships a day and charge them fees, a departure from announcements made by U.S. officials following the ceasefire agreement on Tuesday night.

International Business Times

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Iran's proposal to collect tolls in the Strait of Hormuz violates trade norms

To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies

The Independent UK

Vice president J D Vance will lead US team for truce talks with Iran in Pakistan: White House

Vice President JD Vance will lead a US delegation to Pakistan this weekend for mediated talks with Iran, aiming to secure a permanent ceasefire. The discussions in Islamabad follow a two-week truce, with the White House emphasizing the need for the Strait of Hormuz to remain open. Lebanon is not…

The Times of India

Delta Pops, Oil Drops, Will It Stop? How to Trade Airline Stocks and ETFs Now.

DAL popped by more than 10% Wednesday morning, following a triple-threat of positive catalysts: a dominant first-quarter earnings beat, robust forward guidance, and a timely cooling of tensions in the Strait of Hormuz.

Barchart

Crude Prices Fall Sharply as Geopolitical Risks Ease

May WTI crude oil (CLK26 ) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26 ) closed down -0.2993 (-9.06%). Crude oil and gasoline prices plummeted on Wednesday, with crude posting a 1.5-week low and gasoline posting a 2-week low. Crude prices plunged on Wednesday after the US...

Barchart

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Trump's Iran Ceasefire in Peril After Israel Escalates Against Hezbollah and Iran Closes the Strait of Hormuz Again

President Donald Trump presented the new U.S.-Iran ceasefire as a breakthrough, a two-week pause that would reopen the Strait of Hormuz, calm oil markets, and pull the region back from a wider war. Within hours, that message was already colliding with reality as Israel intensified its campaign against Hezbollah in…

Latin Times

World economy counts cost of war as strait closes again

The economic costs of conflict are greater than severe natural disasters and can leave scars that last for a decade, the world's "financial firefighter" says.

AAP

US desperate for ceasefire? Trump forced Pakistan to broker temporary truce with Iran

For weeks, the Trump administration relied on Pakistan to act as an intermediary, urging it to persuade Iran to agree to a pause in hostilities that would allow the reopening of the Strait of Hormuz. Islamabad’s role as a Muslim-majority neighbour was seen as key to making the proposal acceptable…

The Times of India

Iran's Supreme Council Said Its War Objectives Were 'Nearly All Achieved' — Trump Called the Same Deal a 'Win' for America

Explore the conflicting narratives from the US and Iran following the announcement of a ceasefire in the US-Israeli war against Iran, brokered by Pakistan.

International Business Times UK

US declares ‘V for Victory’ in Iran but chaos in the Strait of Hormuz and Lebanon continues

A major escalation in Lebanon by Israel threatens to derail the Iran ceasefire less than a day after it was announced

The Independent UK

Iran Says It's Halting Passage Through Strait Of Hormuz Due To Israeli Attacks In Lebanon And Is 'Working On Its Response'

Iran said it's halting passage through the Strait of Hormuz as a result of Israeli attacks in Lebanon, as the announced ceasefire with the U.S. continues to be under pressure.

International Business Times

Stocks surge and oil tumbles amid US-Iran ceasefire

The FTSE 100 closed up 260.09 points, 2.5%, at 10,608.88.

Evening Standard

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Roll Call

White House, pressed on threat to destroy Iran, stresses ‘results’

The White House struggled Wednesday to explain and defend President Donald Trump’s threat to end Iranian civilization, with his top spokesperson crediting his tough talk with fostering a fragile two-week ceasefire deal already being tested in the Strait of Hormuz and Lebanon. Karoline Leavitt, White House press secretary, was peppered…

The Times of India

Strait of Hormuz: How Trump gave Iran a weapon deadlier than any nuke

A recent conflict has shifted control of the vital Strait of Hormuz. Iran may now charge transit fees for ships passing through. This follows a US-Iran ceasefire agreement. The situation signals a significant change in regional maritime control. Global oil trade routes are impacted by these developments.

Barchart

Crude Prices Plummet on US-Iran Ceasefire Agreement

May WTI crude oil (CLK26 ) today is down -17.10 (-15.14%), and May RBOB gasoline (RBK26 ) is down -0.3070 (-9.29%). Crude oil and gasoline prices are falling sharply today, with crude sliding to a 1.5-week low and gasoline falling to a 2-week low. Crude prices plunged today after the...

Euronews

Ceasefire offers Trump exit as Iran war becomes political liability

The ceasefire deal with Iran might come at the right moment for Donald Trump, as it could stop the erosion of domestic support for the President. But Trump is left facing scrutiny over why and for what did the US get into war.

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We Got This Covered

‘Big money will be made’: Trump declares a ‘Golden Age of the Middle East’ after cutting a last-minute deal with Iran

From the brink of apocalypse to “Golden Age.”

The Times of India

Starmer Heads to Gulf as UK Pushes to Secure Hormuz Lifeline After Ceasefire

Keir Starmer is heading to the Gulf in a high-stakes diplomatic push to secure the long-term reopening of the Strait of Hormuz following a fragile ceasefire between the United States and Iran. The narrow waterway, critical for global oil and gas shipments, has been at the center of escalating tensions…

International Business Times

Iran's Hormuz Toll Plan Sparks Rift As Ceasefire Leaves Shipping Rules Unclear

Iran's plan to charge vessels passing through the Strait of Hormuz is emerging as a major point of contention following a fragile ceasefire with the U.S.

International Business Times

Iran Won't Reopen Strait Of Hormuz On Wednesday Despite Ceasefire Announcement: Report

Iran won't reopen the Strait of Hormuz on Wednesday despite the ceasefire announced along with the U.S., according to a new report.

Euronews

Europe hails US-Iran ceasefire. Yet major questions hang over deal

The US-Iran ceasefire deal leaves several crucial questions unanswered for Europeans, who now find themselves excluded from the diplomatic process and scrambling to contain the ripple effects from the war.

Evening Standard

Starmer arrives in Gulf for talks with allies after US-Iran ceasefire agreed

Tehran must reopen the Strait of Hormuz for shipping as part of the deal.

International Business Times

Trump Reportedly Considering Joint U.S.-Iran Venture To Charge Fees For Passage Through Strait Of Hormuz

President Donald Trump is considering a joint U.S. venture with Iran to charge vessels for safe passage through the Strait of Hormuz after the two countries announced a ceasefire, according to a new report.

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