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The Latest Breaking News from the Strait of Hormuz

Trump administration brushed off dire warnings. Now, Americans are paying for that miscalculation

Advisers ignored warnings and here’s the fallout.

We Got This Covered

Iran war has blocked the Strait of Hormuz, a vital oil chokepoint. Reopening it is a big challenge

Governments are working on plans to unblock vital oil chokepoint the Strait of Hormuz

The Independent UK

India rations cooking gas as Strait of Hormuz tensions choke supplies

Cooking gas shortages are already forcing eateries to close as industry bodies warn of widespread economic damage in a country that imports the bulk of its oil and gas. Namita Singh reports

The Independent UK

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read the most diverse news in one place.

Oil isn’t just fuel: Iran conflict could disrupt markets for everything from plastics to fertilizers

Tensions in the Middle East often trigger concerns about rising gasoline prices. But disruptions to oil supplies could affect much more than the cost of filling up a car. That’s because crude oil is not only burned as fuel. It is also the raw material for thousands of products that…

The Conversation

Global Oil Supply at Risk As US Navy Refuses to Escort Commercial Tankers Through Hormuz in Fear of Iranian Attacks

The US Navy has declined daily shipping requests for military escorts through the Strait of Hormuz, citing the risk of Iranian attacks as too high amid the ongoing conflict.

International Business Times UK

Middle East crisis: Iran confirms strike on Thai vessel in Strait of Hormuz; 3 crew members missing

Iran claimed responsibility for the strike on a Thai ship in the Strait of Hormuz. Iran's Revolutionary Guards said that they fired at the Thai-flagged Mayuree Naree bulk vessel in the strait, Reuters reported, quoting the Iranian news agency, Tasnim.

The Times of India

Rachel Reeves admits Middle East conflict ‘certainly not good’ for economy

The Chancellor indicated the government could intervene on energy costs if the conflict spiralled

The Independent UK

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Three cargo ships hit in Strait of Hormuz after US destroys 16 minelayers

The Strait of Hormuz has been all but closed by Iran after the US and Israel launched an attack at the end of February

The Independent UK

Declassified footage shows extraordinary moment US sinks Iranian mine-laying ship

Declassified footage shows the extraordinary moment the US appears to sink an Iranian mine-laying ship near the Strait of Hormuz.

The Independent UK

US says it’s ‘eliminated’ 16 of Iran’s mine-laying ships

US Central Command has released footage showing Iranian naval vessels being destroyed by US attacks near the Strait of Hormuz. Centcom said that 16 mine-layers were among the targets "eliminated" on Tuesday. General Dan Caine, US Chair of the Joint Chiefs of Staff, said that destroying Iran's navy is a…

The Independent UK

Iran war briefing: Tehran launches ‘heaviest’ barrage since start of conflict

Iran has launched what its state media called the "most intense and heaviest" barrage since the start of the conflict; Israel said it had tracked missiles being fired from Iran, while Saudi Arabia said it destroyed two drones heading towards an oil field. President Donald Trump has threatened Iran with…

The Independent UK

British ships in Gulf 'legitimate targets', warns Iran as three vessels hit in Strait of Hormuz in 24 hours

Tehran’s warning comes as Donald Trump says the US ‘not finished yet’ in its war on Iran

Evening Standard

Iran keeps up pressure on oil infrastructure as concerns of global energy crisis grow

Israel and Iran are trading attacks as Iran squeezes global oil supplies by choking traffic through the Strait of Hormuz

The Independent UK

Confirmed, deleted, then clarified: US shifts stance on navy 'escorting' oil tanker in Strait of Hormuz

A US Energy Secretary's claim of escorting an oil tanker through the Strait of Hormuz was swiftly deleted and corrected by the White House, stating no such escort occurred. This caused market jitters, with oil prices fluctuating. Iran's Revolutionary Guards also refuted the assertion, calling it false. The Strait remains…

The Times of India

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The Independent UK

Iran war latest: Oil prices soar again after two Iraqi tankers struck in suspected Iranian attack

Donald Trump has said that US forces have knocked out 28 Iranian mine-laying ships in the Strait of Hormuz

The Independent UK

Deleted social media post from Trump’s energy secretary sends oil markets into frenzy: report

Earlier Tuesday, Energy Secretary Chris Wright wrote on X that the U.S. Navy had escorted an oil tanker through the Strait of Hormuz

The Times of India

Watch: US destroys multiple Iranian minelayers in Strait of Hormuz

US forces have destroyed multiple Iranian vessels suspected of laying naval mines near the Strait of Hormuz, a critical global oil transit route. President Trump issued a stern warning to Tehran, demanding immediate removal of any deployed mines or facing unprecedented military consequences. This action follows intelligence reports suggesting Iran's…

The Independent UK

Trump’s special envoy to the Middle East has no idea how or when war with Iran will end: ‘I don’t know’

President Donald Trump said the war in Iran was ‘very complete’ a day before the U.S. sunk 16 Iranian mine-laying ships in the Strait of Hormuz

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Barchart

Cotton Rally into Tuesday’s Close

Cotton futures were 55 to 68 points higher at the Tuesday’s close. Crude oil was down $8.38 on the day as the US began escorting vessels through the Strait of Hormuz, though they did bounce $8 off the low on reports that Iran was placing mines in the waterway. The...

Barchart

Corn Claws Back Off Lows into Tuesday’s Close

Corn futures closed the Tuesday session with 1 to 3 cents losses across most contracts. The CmdtyView national average Cash Corn price was down 1 1/4 cents to $4.09 3/4. Crude oil was down $8.38 on the day as the US began escorting vessels through the Strait of Hormuz, though...

The Conversation

Why shadow tankers are the only ships still moving through the Strait of Hormuz

The Strait of Hormuz is effectively closed. Since the beginning of the conflict involving the United States, Israel and Iran on Feb. 28, 2026, oil tanker traffic through the world’s most critical oil shipping choke point has collapsed, dropping by more than 90%.

The Independent UK

US sinks 16 Iranian mine-laying ships after Trump ramps up threats over Strait of Hormuz

The Strait of Hormuz is a waterway bordered in the north by Iran that carries about a fifth of the world’s oil supply

Fortune

Iran is reportedly laying mines in the Strait of Hormuz—Trump threatens to hit back '20 times harder'

Trump threatened Iran with "military consequences at a level never seen before" after U.S. intelligence found indications the country may be preparing to mine the world's most critical oil chokepoint, CBS reported.

Barchart

Strait Talk: How To Play Oil Volatility Right Now as the Strait of Hormuz Shakes Stocks

Oil is doing something I haven't seen it do in a long time. Here's what it means and how to profit.

The Conversation

Middle East conflict is pushing oil prices higher — and most Canadians will feel the costs

Since American and Israeli missiles began striking Iran, global oil prices have jumped sharply. The conflict has resulted in the disruption of tanker traffic through the Strait of Hormuz, which carries about one-fifth of the world’s oil shipments.

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