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The Latest Breaking News from the Strait of Hormuz

Oil prices edge higher as Trump weighs Iran’s latest proposal to open Strait of Hormuz

US president is unhappy with latest Iranian proposal, US official says

The Independent UK

Putin ally’s $500 million Russian superyacht sails through Strait of Hormuz despite US blockade: Report

A Russian-linked superyacht, Nord, owned by sanctioned billionaire Alexey Mordashov, has successfully sailed through the Strait of Hormuz. This strategic waterway remains a flashpoint amid ongoing tensions, with maritime traffic significantly reduced. The yacht's passage highlights its defiance of sanctions and the complex geopolitical landscape.

The Times of India

Tech Earnings Optimism Powers Stocks Higher

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.01%. June E-mini S&P futures (ESM26 ) rose +0.14%, and June E-mini Nasdaq futures...

Barchart

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Is oil king again? China’s surging cleantech exports show the opposite is true

Over the last two months, nations have scrambled to shore up oil supplies as the Iran war prevented oil tankers moving through the Strait of Hormuz.

The Conversation

Dollar Slips on Hopes for US-Iran Peace Talks to Resume

The dollar index (DXY00 ) on Monday fell by -0.05%. The dollar fell from a 2.5-week high on Monday and finished lower after Axios reported that Iran has offered a new proposal to reopen the Strait of Hormuz. The dollar initially moved higher in overnight trade after President Trump canceled...

Barchart

Strait of Hormuz Closure Limits Energy Supplies and Supports Crude Oil Prices

June WTI crude oil (CLM26 ) on Monday closed up +1.97 (+2.09%), and June RBOB gasoline (RBM26 ) closed up +0.0372 (+1.12%). Crude oil and gasoline prices settled sharply higher on Monday, with gasoline posting a 3.75-year high. Crude prices continue to climb as stalled peace talks between the US...

Barchart

Iran to Reopen the Strait of Hormuz? Reports Say Tehran Offered to End Chokehold if US Lifts Blockade and Ends the War

Iran proposes to reopen the Strait of Hormuz if the US lifts its blockade and ends the war. Learn more about this geopolitical shift and its impact on global oil trade.

International Business Times UK

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'A Whole Nation Is Being Humiliated': NATO Ally Says as Trump's Iran War Effort Unravels

German Chancellor Friedrich Merz criticises US strategy in Iran, highlighting European discontent and NATO fractures. He questions the lack of a coherent endgame and the humiliation faced by the US.

International Business Times UK

Crude Oil Prices Rally on Stalled US-Iran Peace Talks

June WTI crude oil (CLM26 ) today is up +2.68 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0602 (+1.81%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 3.75-year high. Crude prices continue to climb as stalled peace talks between the US and Iran...

Barchart

Strait of Hormuz standoff leaves 20,000 seafarers stranded on cargo ships

Thousands of seafarers are stranded as the Iran war shuts down much of the Strait of Hormuz, disrupting global oil and gas trade and raising safety fears.

Euronews

Euronews explains: Can a country ever be suspended from NATO?

Can an ally be really expelled from NATO by another country? What is the procedure, and can Donald Trump really dictate the terms of the alliance? Euronews explores the legality and the politics behind NATO.

Euronews

Dollar Weakens and Gold Falls on New Iran Proposal to End War

The dollar index (DXY00 ) today is down by -0.19%. The dollar fell from a 2.5-week high today and turned lower after Axios reported that Iran has offered a new proposal to reopen the Strait of Hormuz. The dollar initially moved higher in overnight trade after President Trump canceled planned...

Barchart

Goldman Sachs Raises Oil Forecasts For 2026 As Strait Of Hormuz Remains Closed

Goldman Sachs has elevated its oil forecasts for the year as the Strait of Hormuz remains closed and prices continue to be elevated.

International Business Times

Could the Strait of Malacca be the next global flashpoint?

While recent global attention has focused on the Strait of Hormuz, which Iran has effectively held closed since late February in a move that has disrupted world energy supplies, a quieter but also important development has been taking shape in south-east Asia.

The Conversation

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International Business Times

Iran Reportedly Sends U.S. a New Proposal To End The War And Open The Strait Of Hormuz

Iran has sent the U.S. a new proposal to end the war and reopen the Strait of Hormuz after the weekend failed to produce any progress in negotiations, according to a new report.

The Independent UK

Octopus Energy boss issues bills warning over Strait of Hormuz closure

The CEO of Britain’s biggest energy supplier has outlined what customers can expect in the coming months if the Strait of Hormuz remains closed.

Euronews

Trump holds talks with senior security team and makes US red lines 'very, very clear'

Meanwhile, Tehran has blamed the US for the failure of talks after Trump decided against sending a negotiating team to Pakistan at the weekend.

The Independent UK

Strait of Hormuz traffic showing early signs of recovery but analysts say crisis far from over

Vessel crossings rebound over the weekend but analysts warn increased movement has not yet translated into a surge in oil and gas flows as the war continues

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The Independent UK

The Latest: Iran proposes to reopen Strait of Hormuz without nuclear agreement

Iran has offered to end its chokehold on the Strait of Hormuz without addressing its nuclear program

The Independent UK

Iran war briefing: Oil prices reach three-week high as peace talks stall

Iran and Oman have agreed to continue expert-level consultations to ensure safe transit through the Strait of Hormuz and protect shared interests in the waterway, Iranian foreign minister Abbas Araqchi said. The British government is scrambling to secure supplies of carbon dioxide for food producers and breweries, and is drawing…

The Independent UK

Tired and worried, seafarers have been stranded in the Persian Gulf for weeks

Around 20,000 seafarers on hundreds of vessels are stuck in the Persian Gulf, unable to cross the Strait of Hormuz that remains effectively shut by Iran

The Times of India

What is Iran’s latest proposal to US to end war? Ceasefire first, nuclear talks later

Iran has reportedly offered the US a new proposal focusing on reopening the Strait of Hormuz and ending the war, postponing nuclear negotiations. This move aims to bypass internal divisions within Iran regarding nuclear concessions, though it could diminish US leverage in future talks.

The Times of India

Putin to host Iran’s Araghchi as US-Tehran diplomacy stalls

Iranian Foreign Minister Abbas Araghchi is in Moscow for talks with President Putin amid stalled US-Iran negotiations. Despite a ceasefire, a second round of direct talks remains elusive, with President Trump suggesting Iran should initiate contact. The Strait of Hormuz remains closed, impacting global energy markets, while the US has…

Axios

Iran offers U.S. deal to reopen strait but postpone nuclear talks

The new proposal is aimed at overcoming the current stalemate in the talks and bypass internal disagreements in Iran's leadership.

The Times of India

'Iran can call us if they want': Trump rules out travel for talks as Araghchi returns to Pakistan

US President Donald Trump declared American officials won't travel for Iran truce talks, insisting discussions must be remote. Iran's Foreign Minister Araghchi returned to Islamabad, relaying Tehran's positions on nuclear issues and the Strait of Hormuz via Pakistani intermediaries. Iran maintains it won't negotiate under coercion amid ongoing US pressure.

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