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The Latest Breaking News from the Strait of Hormuz

Global Oil Prices Collapse as Iran Flashes Green Light at Hormuz, but Trump Refuses to Blink on Naval Blockade

Oil prices plunged after Iran declared the Strait of Hormuz fully open to commercial shipping during the Israel–Lebanon ceasefire, while Donald Trump insisted the US naval blockade of Iranian ports would remain

International Business Times UK

Oil prices plunge on claims Strait of Hormuz is open

Prices dropped over 10% Friday after President Trump and an Iranian official separately claimed the Strait of Hormuz is open.

Axios

Household energy bills ‘set to rise by lower-than-first feared’ in July

Wholesale energy costs are not seen coming back down to pre-war levels until the Strait of Hormuz is reopened

The Independent UK

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Iranian Foreign Minister Announces Reopening Of Strait Of Hormuz For 'Remaining Period Of Ceasefire' But Says Coordination Is Needed

Iranian Foreign Minister Abbas Araghchi announced on Friday that the Strait of Hormuz is "completely open for the remaining period" of the ceasefire with the U.S. following the one announced between Lebanon and Israel.

International Business Times

'Ready for business': Trump says Hormuz open but US blockade on Iran continues

Iran has announced the Strait of Hormuz is fully open for commercial vessels. This decision is linked to a ceasefire in Lebanon. The passage will be open for the remaining truce period on a coordinated route. Previously, Iran had restricted passage to certain vessels. A separate US-Iran ceasefire is also…

The Times of India

Iran declares Strait of Hormuz open for commercial vessels during Lebanon ceasefire

Following a Lebanon ceasefire, Iran has reopened the Strait of Hormuz to all commercial vessels for the truce's duration. This development aligns with a US-brokered deal between Israel and Lebanon, aiming to halt hostilities and pave the way for peace talks. The agreement emphasizes Lebanon's responsibility for its security and…

The Times of India

Europe Faces Jet Fuel Shortage Within Weeks, IEA Chief Warns

Europe is facing a fuel crisis due to the US-Iran conflict, with the closure of the Strait of Hormuz impacting supply and causing price surges.

International Business Times UK

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EU downplays jet fuel shortage risks despite IEA warning

EU officials and the International Energy Agency have contrasting narratives over jet fuel supply. While the European commission minimises the risk, it acknowledges that the market remains “tight” and says the EU is prepared to respond appropriately.

Euronews

Crypto tolls in the Strait of Hormuz shows why bitcoin thrives in times of crisis

Bitcoin has long been promised to function as money. In practice, it rarely does.

The Conversation

Hormuz standoff shows no signs of letting up for vital shipping to resume from Gulf

Maritime traffic in the Strait of Hormuz remained at minimal levels on Friday resulting in a giant parking lot, as the US-Iran standoff continues with the same cautious approach since Monday.

Euronews

Flying soon? What the jet fuel crisis means for travellers and airlines

Jet fuel prices have roughly doubled since the war in Iran began – and shortages could start next.

Euronews

Keir Starmer arrives in Paris for Strait of Hormuz talks

The Strait of Hormuz has been blockaded by Iran since the US-Israeli strikes on the country began, threatening world oil supplies.

Evening Standard

Europe-led coalition prepares mission to reopen Strait of Hormuz

A group of more than 40 countries is meeting in Paris to finalise early plans to reopen the Strait of Hormuz. The France and UK-led coalition insists the operation will only kick in when the war is over. Countries say they are ready to send warships, personnel and demining support.

Euronews

Macron and Starmer hold key summit on reopening the Strait of Hormuz

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The Independent UK

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Radio France Internationale

France and UK chair meeting on post-conflict Strait of Hormuz mission

French and British leaders were on Friday chairing a meeting in Paris of around 40 countries aimed at signalling to the United States that some of its closest allies are ready to play a role in restoring freedom of navigation in the Strait of Hormuz. Iran said the strait is…

The Times of India

'No ship is going past our Navy': Trump as USS Abraham Lincoln leads US blockade operations in Arabian Sea

The United States has deployed more than 12 naval vessels and upwards of 100 aircraft, involving over 10,000 service members, to enforce a maritime blockade targeting Iran's ports and coastline, the US Central Command (CENTCOM) said on Thursday.

The Conversation

Gallipoli has 4 lessons for the Strait of Hormuz crisis

The Iran war reminds us small strategic moves can mushroom into expanding military commitments. The United States decided to blockade Iranian ports by controlling access to and from the vital Strait of Hormuz, as a response to Iran’s asserting control over it – which it had long threatened to do…

The Independent UK

Macron and Starmer hold international summit on reopening the Strait of Hormuz

The leaders of France and the U.K. are holding an international summit to push forward efforts to reopen the Strait of Hormuz, a vital oil route affected by the U.S.-Israeli war with Iran

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AAP

'Been no change': PM rebuffs Trump tantrum on Australia

Anthony Albanese remains adamant no requests for assistance have been made to Australia by the US for help in re-opening the Strait of Hormuz.

The Guardian - AU

No ‘specific request’ to help US in strait of Hormuz, Marles says, as Trump repeats criticism of Australia

US president told reporters he was ‘not happy with Australia because they were not there when we asked them to be there’

The Independent UK

Jet fuel supplies are lagging. What does that mean for airlines and travelers?

A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn’t start flowing soon

Barchart

Gasoline Price Predictions: Why Trump Is Calling for High Costs at the Pump to Last Through November (At Least)

Trump is warning Americans that gas prices, now averaging over $4 per gallon, could stay elevated or rise further through November because the Iran conflict and Strait of Hormuz disruption have tightened global oil supply.

Barchart

Crude Oil Rallies on Concerns US-Iran War to Persist

May WTI crude oil (CLK26 ) on Thursday closed up +3.40 (+3.72%), and May RBOB gasoline (RBK26 ) closed up +0.0945 (+3.08%). Crude oil and gasoline prices rallied sharply on Thursday as the US naval blockade of the Strait of Hormuz entered its fourth day, curbing oil supplies from the...

The Times of India

Israel-Lebanon agree to 10-day ceasefire: What it means for Iran-US peace talks

US President Donald Trump has brokered a 10-day ceasefire between Israel and Lebanon, inviting both leaders to the White House for crucial talks. This move aims to de-escalate regional tensions after months of heightened conflict. While battlefield clashes with Iran have eased, economic and strategic pressures persist, particularly around the…

Euronews

Dangerous mission: Germany could send minehunting boats to secure Strait of Hormuz

According to a report in the Süddeutsche Zeitung newspaper, the navy could also use its logistics base in Djibouti for maritime reconnaissance missions.

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