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The Latest Breaking News from the Strait of Hormuz

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

The Independent UK

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…

Roll Call

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

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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...

Barchart

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.

Evening Standard

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...

Barchart

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.

International Business Times

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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.

Euronews

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.

International Business Times

The Latest: Hegseth and Caine say ceasefire between the US and Iran is not over

U.S. forces launched an effort to guide commercial ships through the Strait of Hormuz on Tuesday

The Independent UK

Four-Week Fuel Countdown Begins As California Officials Warn Of Imminent Gasoline Shortages After Last Oil Tanker Arrives

California faces a fuel crisis as the last Middle East oil shipment arrives, with only weeks of supply left. Refinery closures and geopolitical tensions exacerbate the state's vulnerability.

International Business Times UK

What is Project Freedom? Experts warn Trump’s plan to escort ships through Hormuz could backfire

The president announced an audacious bid to use the might of the US Navy to escort ships through the waterway

The Independent UK

Shutting Iran’s oil wells may be straightforward – but the consequences are not

The Strait of Hormuz – the narrow waterway through which between 20% and 25% of the world’s seaborne oil normally passes – has been effectively closed for just over two months.

The Conversation

US attempt to open Strait of Hormuz tests fragile Iran war ceasefire

The Iran war risks reigniting after the U.S. tried to force open the Strait of Hormuz for commercial shipping, firing on Iranian forces and sinking six small boats targeting ships

The Independent UK

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Radio France Internationale

France condemns 'unacceptable' Iranian strikes on UAE and calls for diplomacy

French President Emmanuel Macron has joined other world leaders in condemning Iranian attacks on the United Arab Emirates, which have thrown the fragile US-Iran truce into jeopardy, and urging both sides to return to diplomacy to bring an end to the Middle East war.

Euronews

'We can and we will strike': Iran threatens European military bases amid Hormuz escalation

Iran attacked ships in Hormuz and struck the UAE again as hardliners threatened that European bases could become legitimate targets. Tehran also issued its own Strait of Hormuz navigation map, warning US Navy ships and oil tankers from crossing.

International Business Times UK

The Ceasefire Is Over: US and Iran Exchanging Missile Strikes as UAE Claims It Was Hit by Iranian Drones

The fragile ceasefire between the US and Iran has collapsed, leading to renewed military exchanges in the Persian Gulf and raising fears of a broader regional conflict.

The Independent UK

Iran-US war latest: Trump pauses plan to escort ships through Strait of Hormuz citing ‘great progress’ toward Tehran deal

Trump said ‘Project Freedom’ would be paused ‘for a short period of time’

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Reason

Why Do Big City Democrats Keep Electing Socialists?

Plus: Trump announces “Project Freedom” in the Strait of Hormuz, King Charles visits the U.S., and a listener asks why voters keep rewarding bad politicians.

Evening Standard

Middle East back on the brink: Iran attacks UAE sparking huge oil depot blaze amid Strait of Hormuz clash

Trump’s bid to reopen the Strait of Hormuz and free stranded vessels shakes fragile ceasefire

The Independent UK

Iran strikes on UAE condemned by Starmer as Trump plots to reopen Strait of Hormuz

Two US-flagged cargo ships passed through the critical waterway as President Trump sought to reopen the maritime pinchpoint

Barchart

Stocks Fall Amid Rising Middle East Tensions

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.21%. June E-mini S&P futures (ESM26 ) fell -0.42%, and June E-mini Nasdaq futures...

International Business Times

Stocks Fall And Oil Surges As Tensions Flare Up In The Strait Of Hormuz

Stocks fell and oil jumped on Monday as tensions flare up again around the Strait of Hormuz.

International Business Times UK

Trump Turned to China for Hormuz Help After NATO Allies Flatly Refused to Get Involved

The US seeks China's help to reopen the Strait of Hormuz after NATO allies refuse involvement, highlighting contradictions in Trump's foreign policy amid ongoing trade tensions with Beijing.

Barchart

Dollar Rises as Iran Tensions Escalate

The dollar index (DXY00 ) on Monday rose by +0.25%. The dollar moved higher on Monday amid an increase in safe-haven demand after WTI crude oil prices surged more than +4% due to the escalation of tensions in the Middle East. Also, Monday’s better-than-expected US March factory orders report supports...

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