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The Latest Breaking News from the Strait of Hormuz

Inside the US-Iran deal Trump is close to signing

The US and Iran are close to signing a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to freely export oil, and begin negotiations on curbing Tehran’s nuclear programme, according to an Axios report citing a US official.

The Economic Times

Iran refutes Trump's 'largely negotiated' deal, claims to keep Hormuz control

President Donald Trump announced a significant deal with Iran is nearing completion. This agreement aims to reopen the Strait of Hormuz and end ongoing hostilities. While Iran has pushed back on some claims, discussions are ongoing. Regional leaders have expressed support for the peace efforts. The proposed deal also addresses…

The Times of India

Royal Navy ready to clear mines in the Strait of Hormuz

A British amphibious landing vessel is being loaded with ammunition and mine-hunting sea drones equipped with sonar for mine-clearing in the Strait of Hormuz.

AAP

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Iran agrees to give up enriched uranium as deal with Donald Trump 'largely negotiated': Report

Iran has reportedly agreed in principle to surrender its enriched uranium stockpile to the US as part of a peace deal. This significant concession, aimed at de-escalating tensions and reopening the Strait of Hormuz, comes after US military threats. While a deal is "largely negotiated," final details on the uranium…

The Times of India

Deal with Iran, opening of Strait of Hormuz 'largely negotiated': Trump

President Trump announced a "largely negotiated" deal with Iran concerning the war and the Strait of Hormuz, following calls with regional allies. The "Memorandum of Understanding pertaining to PEACE" is nearing finalization, with details to be announced shortly. This development comes amid ongoing mediation efforts and a fragile ceasefire.

The Economic Times

British warship awaits peace deal for vital mine-clearing mission in Strait of Hormuz

The UK’s Royal Navy is preparing for a potential mine-clearing operation in the Strait of Hormuz

The Independent UK

U.S.-Iran Agreement Imminent — Strait of Hormuz Expected to Reopen, Oil Prices Set to Fall

The announcement, made via a post on Truth Social, came after a wide-ranging phone call with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Türkiye, Egypt, Jordan, and Bahrain — a coalition of regional powers that have played a central role in mediating the 84-day conflict. Trump also…

Latin Times

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Trump says agreement to end Iran war 'largely negotiated'

The US president announced on his Truth Social platform on Saturday that a deal with Tehran to end the Iran war was "largely negotiated" subject to approval, ending speculation over the possible resumption of strikes against Iran and broader conflict in the region.

Euronews

As U.S.-Iran deal nears, Trump ally warns against creating perception Tehran controls Hormuz—'it makes one wonder why the war started to begin with'

"I personally am a skeptic of the idea that Iran cannot be denied the ability to terrorize the Strait and the region cannot protect itself against Iranian military capability."

Fortune

US, Iran move closer to 60-day ceasefire extension: What's in the deal

The US and Iran are reportedly nearing a 60-day ceasefire extension, with mediators working on an interim deal. This agreement could pave the way for broader talks on Iran's nuclear program and regional security, including the gradual reopening of the Strait of Hormuz and phased sanctions relief for Tehran.

The Times of India

El Nino, Strait of Hormuz risks may fuel fresh global food inflation surge: Citi Research Report

Global food prices are set to rise. Citi Research warns of increased inflation risks. Potential disruptions in the Strait of Hormuz and worsening El Nino conditions threaten supply. Agricultural commodity prices could surge in the coming months. Higher energy and fertiliser costs are also a concern.

The Economic Times

US Senator urges sanctions on entities paying Iran for passage via Strait of Hormuz

US Senator Tom Cotton has called on the Treasury Department to sanction entities aiding Iran's control over the Strait of Hormuz. He specifically targets the Persian Gulf Strait Authority, which he says is illegally regulating passage and collecting fees. Cotton emphasizes that any entity facilitating these tolls finances a designated…

The Economic Times

What if the Strait of Hormuz didn’t reopen?

The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about global energy supplies and economic stability. While diplomatic efforts are underway, the possibility of a lengthy shutdown necessitates careful planning. Nations are exploring alternative routes and stockpiling resources.

The Economic Times

Oil prices settle higher on slow progress in US-Iran peace talks

Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated. Despite some positive signals from U.S. officials and Pakistani facilitation, significant gaps remain, particularly on uranium stockpiles. Global oil inventories are depleting rapidly due to the disruption,…

The Economic Times

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The Economic Times

Three months in, is Trump losing the Iran war?

America's military actions against Iran three months ago are now questioned. President Trump faces doubts about achieving a clear geopolitical victory. Iran's continued influence in the Strait of Hormuz and its resistance to concessions raise concerns. The situation teeters between diplomacy and renewed threats. Experts suggest a grim outlook for…

The Independent UK

Iran-US war latest: Trump says he will ‘not be rushed’ into peace deal as he warns Tehran over nuclear weapons

Trump said talks were progressing and the US relationship with Iran had become more professional and productive

The Economic Times

Pakistan army chief in Tehran as Iran weighs US peace offer

Pakistan's army chief arrived in Tehran for mediation efforts to end the Middle East war, as Iran considers a peace proposal amid reports of potential new US strikes. Diplomacy continues to secure the Strait of Hormuz, a crucial oil transit route, while fighting persists on the Lebanon front.

Reason

President Trump Doesn't Need Congressional Approval for His Actions as to Iran

Congress can only stop Trump’s actions in Iran by passing a concurrent resolution of both Houses over Trump’s veto, or by declining to fund the war in next year’s budget.

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France 24

Rubio urges more support from NATO allies to help end Iran war

US Secretary of State Marco Rubio urged more support for US efforts to reopen the Strait of Hormuz, relaying Trump's "disappointment" at NATO allies and European partners for failing to step up their efforts to end the Iran war. Rubio made the comments ahead of the arrival of Pakistan’s army…

Barchart

Crude Oil Prices Gain as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) on Friday closed up +0.25 (+0.26%), and July RBOB gasoline (RBN26 ) closed up +0.0756 (+2.31%). Crude oil rebounded from a 1-week low on Friday and settled higher as a US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global...

Euronews

Ukraine's President Zelenskyy invited to NATO summit in Ankara, Rutte confirms

Trump has lashed out at NATO allies on numerous occasions since the start of the Iran war on 28 February when both the US and Israel launched surprised strikes against the Islamic republic.

Barchart

Crude Oil Prices Supported as Iran Peace Deal Remains Elusive

July WTI crude oil (CLN26 ) today is up +1.31 (+1.36%), and July RBOB gasoline (RBN26 ) is up +0.0831 (+2.54%). Crude oil rebounded from a 1-week low today and is sharply higher as US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global oil supplies....

The Economic Times

US Secretary of State Rubio sees progress in Iran talks, but says 'not there yet'

United States officials report some progress in talks with Iran. Diplomatic efforts are intensifying to end a conflict that has disrupted the global economy. Key issues remain, including Iran's enriched uranium and control over the Strait of Hormuz. The situation fuels uncertainty and impacts oil prices. Negotiations continue with international…

MarketBeat

Frontline Q1 Earnings Call Highlights

Frontline (NYSE:FRO) reported what Chief Executive Officer Lars Barstad called the company’s most profitable quarter since 2004, as tanker markets were reshaped by the effective closure of the Strait of Hormuz and shifting global oil trade patterns. Speaking on the company’s first-quarter 2026 earn

Euronews

Iran asserts jurisdiction over UAE and Oman waters in new Strait of Hormuz map

Five Gulf states have formally warned shipping companies through the IMO not to comply, as analysts say Iran is deliberately expanding its claimed zone beyond even its own initial boundaries in a step-by-step assertion of territorial control.

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