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The Latest Breaking News from the Strait of Hormuz

Iran war could cause job losses in Britain, minister warns

Pat McFadden said the impact of the continued closure of the Strait of Hormuz could feed through to the UK labour market.

Evening Standard

Iran war briefing: Trump pauses ‘Project Freedom’ after just two days

US president Donald Trump has announced he will pause his ‘Project Freedom’ plan to escort ships through the Strait of Hormuz, citing “great progress” toward a deal to end the war with Iran. Iranian president Masoud Pezeshkian said the US is pursuing “a policy of maximum pressure” while also expecting…

The Independent UK

US Air Force KC-135R Stratotanker Issues Emergency Squawk 7700 Near Strait Of Hormuz Before Vanishing From Radar

A US Air Force KC-135R Stratotanker issued an emergency signal near the Strait of Hormuz before disappearing from radar, sparking concerns amid ongoing US-Iran tensions

International Business Times UK

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Aussie dollar, shares soar on Iran peace deal hopes

Hopes for an end to the Middle East energy crisis have helped bolster the local exchange, after it tumbled for 10 of the previous 11 sessions.

AAP

US to pause effort to guide ships out of Strait of Hormuz to focus on Iran deal

The announcement came after military leaders and US secretary of state Marco Rubio insisted a ceasefire in the Middle East was still holding.

The Independent UK

Oil price edges lower as Trump pauses Strait of Hormuz 'Project Freedom'

Trump announces he is temporarily pausing his initiative to guide ships out of the crucial waterway

Evening Standard

'Project Freedom will be paused for a short period': Trump halts Hormuz operation amid Iran talks

President Trump has halted 'Project Freedom,' a US military initiative to escort ships through the Strait of Hormuz, citing requests from Pakistan and progress toward a deal with Iran. This pause comes after the US declared the offensive phase of 'Operation Epic Fury' complete, emphasizing defensive actions in the region.

The Times of India

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The 10 British towns and cities most affected by rising energy costs

The price of energy has risen since as a result of the war in Iran and the closure of the Strait of Hormuz

The Independent UK

After brief respite, gasoline prices continue their steady climb

The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA

The Independent UK

S&P 500 and Nasdaq 100 Post Record Highs on Tech Strength

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.81%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.31%. June E-mini S&P futures (ESM26 ) rose +0.82%, and June E-mini Nasdaq futures...

Barchart

Iran Launches Persian Gulf Strait Authority as Tehran and Washington Battle for Control of Hormuz

Iran has launched the Persian Gulf Strait Authority, requiring ships to register and pay tolls to transit the Strait of Hormuz, escalating tensions with the US over control of this vital waterway.

International Business Times UK

The method in Iran’s madness? Closure of Strait of Hormuz echoes a centuries-old Danish play − and is a tragedy for the world order

More than two months into the war in Iran, navigation through the Strait of Hormuz – the key waterway through which more than a third of the international trade in oil and gas passes – remains perilous and uncertain. Underscoring the uncertainty, on May 3, 2026, the Trump administration launched…

The Conversation

Trump Downplays Iran Flare Up In Strait Of Hormuz: 'I Call It a Skirmish'

President Donald Trump downplayed the flare up at the Strait of Hormuz, saying it does not mean Tehran has broken the ceasefire.

International Business Times

Crude Oil Prices Retreat as Middle East Tensions Ease

June WTI crude oil (CLM26 ) on Tuesday closed down -4.15 (-3.90%), and June RBOB gasoline (RBM26 ) closed down -0.1176 (-3.15%). Crude oil and gasoline prices settled sharply lower on Tuesday as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices retreated as...

Barchart

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The Independent UK

Trump’s Project Freedom won’t undo an oil stranglehold created by the US

THE INDEPENDENT VIEW: Editorial: Regardless of the president’s latest effort to break Iran’s blockade, freedom of movement won’t be returning to the Strait of Hormuz any time soon

The Independent UK

Middle East ceasefire on the brink as Iran strikes UAE and warns ‘we’re just getting started’

The US has insisted the ceasefire is ‘not over’ despite clashes in the Strait of Hormuz

The Independent UK

Proposed UN resolution threatens Iran with sanctions if it doesn't allow freedom of navigation

A proposed U.N. resolution threatens Iran with sanctions or other measures if it doesn’t halt attacks on ships in the Strait of Hormuz, stop imposing “illegal tolls” and disclose the placement of all mines to allow freedom of navigation

Roll Call

Trump shrugs off high gas prices, creating political headwinds for GOP

President Donald Trump has mostly shrugged off rising gasoline prices since his conflict with Iran began over two months ago, giving Republicans political heartburn ahead of the midterm elections as prices are up again this week amid new tensions over the Strait of Hormuz. As gas prices continue to tick…

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Barchart

Crude Oil Prices Tumble as Middle East Ceasefire Holds

June WTI crude oil (CLM26 ) today is down -4.54 (-4.27%), and June RBOB gasoline (RBM26 ) is down -0.1140 (-3.05%). Crude oil and gasoline prices are sharply lower today as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices are retreating as relative...

Barchart

Tech Stock Strength Lifts the Nasdaq 100 to a Record High

The S&P 500 Index ($SPX ) (SPY ) today is up +0.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.20%. June E-mini S&P futures (ESM26 ) are up +0.70%, and June E-mini Nasdaq futures...

Evening Standard

Nations with ‘equity stake’ in Strait of Hormuz should assist, says US general

The White House has been deeply critical of the response by the UK and other allies to the Gulf crisis.

Barchart

Stocks Climb as Middle East Ceasefire Holds

The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.08%. June E-mini S&P futures (ESM26 ) are up +0.62%, and June E-mini Nasdaq futures...

International Business Times

Oil Drops As U.S. Says Ceasefire Is Not Over And Guarantees Passage For a Ship Through Strait Of Hormuz

Oil prices dropped on Tuesday after the U.S. said the ceasefire with Iran is not over despite Tehran's attacks and Washington guaranteeing passage for a ship through the Strait of Hormuz.

Euronews

Iran should 'do the smart thing' and reach a peace deal with US, Donald Trump says

Meanwhile, Iran warned the US against any further escalation in the Strait of Hormuz, after a spate of attacks risked reigniting the war.

International Business Times

Shipping Company Says One Of Its Vessels Crossed The Strait Of Hormuz With U.S. Protection

Top shipping company Maersk said on Tuesday that one of its vessels has managed to sail the Strait of Hormuz with U.S. protection, challenging Iran's blockade of the key waterway.

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