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The Latest Breaking News from the Strait of Hormuz

'Peak war panic' will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn't want to make a deal with Iran yet

"The end is not in sight. The Strait of Hormuz is effectively closed, and markets are starting to price in a prolonged, uncertain endgame."

Fortune

Evacuate ports, docks in Dubai, Abu Dhabi, Fujairah: Iran warns; claims 'American hideouts' in UAE emirates 'used' to strike oil hub Kharg Island amid war with US-Israel

Tensions surge as Iran warns residents to evacuate UAE ports, including Dubai and Abu Dhabi, claiming they are used by US forces. This unprecedented threat follows US strikes on Iran's oil hub, escalating fears of a wider regional conflict. The warning highlights the vulnerability of vital economic centers and global…

The Times of India

Trump Reduced to Begging China, the UK, and Allies He Once Scorned to Send Warships as Hormuz Crisis Spirals

Trump publicly urged China, the UK, France and other allies he once alienated to send warships to the Strait of Hormuz as Iran's blockade chokes global oil supplies.

International Business Times UK

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Force majeure explained: Why Gulf countries are invoking it amid Iran vs US-Israel war

Middle East conflict triggers force majeure declarations from Gulf energy producers like Qatar, Bahrain and Kuwait. Attacks and shipping disruptions in the Strait of Hormuz have halted oil and gas exports, causing global price spikes and supply chain concerns amid Iran vs US-Israel war. This legal clause highlights the immediate…

The Times of India

Donald Trump rejects Middle East mediation to end Iran war: Report

Middle Eastern allies' diplomatic efforts to end the two-week Iran war were rebuffed by the Trump administration, with both Washington and Tehran appearing set for an extended conflict. Iran rejected any ceasefire until US and Israeli strikes ceased, while the US focused on weakening Tehran's military capabilities. The war has…

The Times of India

Trump calls on allies to help get Strait of Hormuz ‘OPEN, SAFE, and FREE’

President Donald Trump has warned that the U.S. will continue to “bomb the hell out of the shoreline” of Iran to break the blockade of the Strait of Hormuz. The Strait, a crucial shipping route for one-fifth of the world's oil and liquefied gas, is reportedly under the “complete control”…

The Independent UK

Suspected Iran drone attack sparks huge fire at key Emirates oil port

A crucial port in the United Arab Emirates has been hit by suspected Iranian drone strikes, causing a blaze and partial suspension of oil operations. The incident at Fujairah, a major oil storage hub near the Strait of Hormuz, has heightened concerns over already-surging oil prices. The strikes occurred amidst…

The Independent UK

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'Iran must not be allowed to hold global economy hostage,' UAE minister tells Euronews

In an interview with Euronews, UAE Minister of State Lana Nusseibeh appealed to the world that Iran’s "rogue state behaviour" must not be allowed to hold the global economy hostage.

Euronews

U.S.-Israel War With Iran: Oil Tops $100, Kharg Island Struck, and New Supreme Leader Breaks Silence — Day 14

As the U.S.-Israel war with Iran enters its 14th day, oil prices surge past $100 a barrel, Trump strikes Iran's Kharg Island oil hub, and Iran's new supreme leader vows to keep the Strait of Hormuz closed. Here's everything you need to know.

International Business Times

Having misjudged Iran, Donald Trump now risks falling into his own trap

THE INDEPENDENT VIEW: Editorial: The US president insists the Iran war is won and that he could end it ‘very soon’ – but, as the only leader with the firepower to unblock the Strait of Hormuz and get global oil and gas supplies moving again, he cannot yet extricate himself,…

The Independent UK

Iran considers allowing oil tankers to pass through the Strait of Hormuz - but there is a condition

Iran is considering allowing a limited number of oil tankers to pass through the strategic Strait of Hormuz, provided that the oil cargo is traded in Chinese yuan, CNN reported quoting an Iranian official.

The Times of India

Trump boasts US ‘totally obliterated’ targets in massive strike on Iran’s Kharg Island

The president said American forces struck Kharg Island – which handles most of Tehran’s oil exports – and warned he could still destroy its energy infrastructure if Iran interferes with ships in the Strait of Hormuz

Evening Standard

Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in

Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.

Fortune

Why Iran Suddenly Allowed Indian LPG Ships Through Hormuz

Sometimes the biggest global crises are solved quietly. No headlines. No dramatic announcements. Just a few urgent phone calls between world leaders. But behind those conversations, decisions are made that affect millions of everyday lives. Recently, something similar happened when Iran allowed two Indian LPG carriers to pass through the…

MyLifeXP

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Newslaundry

TV Newsance 336 | LPG shortages hit kitchens across India, yet TV media says ‘no crisis'

This week on TV Newsance, we track the fallout of a world on fire as the Iran-Israel-US conflict enters its second week of devastation. With oil facilities in flames and Iranian skies choked by soot, the images coming out are nothing short of apocalyptic. Following the closure of the Strait…

The Independent UK

Iran-US war latest: Dubai shuts airport as Trump warns Nato faces ‘bad future’ if allies don’t help open Strait of Hormuz

The US president said it is only appropriate that those who benefit from oil coming through the waterway help to free it

The Independent UK

The Latest: Trump threatens Iran's oil infrastructure after US bombs island military sites

President Donald Trump says the U.S. destroyed military sites on an island vital to Iran’s oil network and warned that the island’s oil infrastructure could be next if Iran continues to interfere with the passage of ships through the Strait of Hormuz

The Independent UK

US bombs military sites on Iranian island as Trump threatens its oil infrastructure

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The Times of India

Watch: Donald Trump shares 'unclassified' video of US bombing Iran's crucial oil hub Kharg Island

US President Donald Trump announced a major bombing raid on Iran's Kharg Island, sharing "unclassified" aerial footage. While claiming military targets were obliterated, Trump stated oil infrastructure was deliberately spared, warning of reconsideration if shipping through the Strait of Hormuz is threatened. Iran confirmed strikes but denied any infrastructure damage.

The Times of India

'White House now begging India': Iran FM Araghchi mocks US U-turn on Russian oil

Iran's foreign minister Araghchi slammed the US for pressuring India to stop Russian oil imports, only to now "beg" for such purchases. He also criticized Europe's stance on the Ukraine conflict. Meanwhile, Iran assured safe passage for Indian vessels through the Strait of Hormuz, highlighting strong India-Iran ties and shared…

The Independent UK

Rachel Reeves vows to support households with rising energy costs as Middle East crisis hits oil prices

Reeves has pledged to support those battling with escalating energy bills amid the Middle East crisis

The Times of India

'Totally obliterated': Trump announces US strike on Iran’s military targets at Kharg Island; spares oil infra

President Trump announced the US conducted a powerful bombing raid on Iran's Kharg Island, destroying military targets while sparing oil infrastructure. This action follows Iran's interference with shipping in the Strait of Hormuz and escalates the conflict involving the US, Israel, and Iran.

The Mary Sue

Trump’s bold promises for Hormuz collapse after one devastating truth from his own administration

The United States military isn’t ready to escort oil ships through the Strait of Hormuz, according to a top official in President Donald Trump’s administration, directly contradicting earlier suggestions from the president. This news comes as Iran continues to effectively block the crucial waterway, causing oil prices to surge worldwide.

The Times of India

Why the US is sending assault ship USS Tripoli, thousands of marines to the Middle East and what it means for Iran vs Israel war

The US is significantly expanding its military presence in the Middle East, deploying thousands of Marines and the amphibious assault ship USS Tripoli amid escalating tensions with Iran. This move aims to deter further Iranian aggression, protect vital shipping lanes like the Strait of Hormuz and provide the US with…

Barchart

Iran War Drags Stocks Lower

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.61%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.62%. March E-mini S&P futures (ESH26 ) fell -0.60%, and March E-mini Nasdaq futures...

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