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The Latest Breaking News from the Strait of Hormuz

Another oil tanker hit by drone boat as Strait of Hormuz tensions rise

An oil tanker has been struck near the Strait of Hormuz, marking another attack in the area that triggered an explosion and left one crew member dead.

Euronews

‘A world chained to fossil fuels’: Does the war on Iran prove it’s time to quit oil for good?

After Iran warned that the Strait of Hormuz was closed for navigation, climate groups have urged governments to focus on clean energy.

Euronews

Oil prices surge as Strait of Hormuz tanker disruptions rattle global supply

Oil prices have jumped as tanker disruptions near the Strait of Hormuz raise fears about supply shortages from the Persian Gulf

The Independent UK

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Oil, gas and stocks fluctuate over Iran war – what does it mean for your money, pension and energy prices?

The latest conflict, which is spreading across the Middle East, will have a significant knock-on effect in terms of inflation, interest rates and commodity prices

The Independent UK

Oil Prices Surge as Attacks on Ships Near Strait of Hormuz Heighten Fears of Supply Disruptions

Global oil prices jumped sharply Monday as attacks on multiple commercial vessels near the Strait of Hormuz, amid escalating conflict between Iran, the United States and Israel, raised alarms over potential interruptions to roughly one-fifth of the world's seaborne crude supplies.

International Business Times

Watch: Saudi Aramco oil refinery, one of the Middle East’s largest hubs, hit by Iranian drone

Saudi Aramco's Ras Tanura refinery facility was struck by a drone, leading to its shutdown and exacerbating global supply concerns. This incident follows attacks on vessels in the Strait of Hormuz, nearly halting oil shipments. The drone strike is part of a wider regional escalation, with other Gulf states also…

The Times of India

Oil prices soar as Iran’s attack on ships near Strait of Hormuz raise fears of wider economic shock

Spike follows claims Iran’s Revolutionary Guards struck three oil tankers in the Gulf and the Strait of Hormuz

The Independent UK

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Dow futures fall 350 points on U.S.-Iran conflict, but oil prices pare gains as Trump hints at sanctions relief for new leadership

"There is, however, a risk that the OPEC+ decision is moot if flows do not resume through the Strait of Hormuz."

Fortune

Iranian drones send oil tanker up in flames in Strait of Hormuz

An oil tanker in the Strait of Hormuz dramatically burst into flames today (1 March) after being hit by an Iranian strike.

The Independent UK

EU foreign ministers vow to protect citizens but refuse to back regime change in Iran

EU foreign ministers warned of unpredictable economic consequences and called for the Strait of Hormuz to be kept open, however, fell short of supporting US aspirations for regime change in Iran.

Euronews

Strait of Hormuz: if the Iran conflict shuts world’s most important oil chokepoint, global economic chaos could follow

The reported sinking of several Iranian warships by US missiles in the Gulf of Oman serves as a reminder of the maritime aspect of the conflict which began February 28 with a barrage of Israeli and American missiles targeting Iran. Two other vessels, believed to be tankers, have also been…

The Conversation

The U.S. is destroying Iran's navy after it tried to shut down global oil flows

A fifth of the world's oil flows through the Strait of Hormuz.

Axios

Oil prices soar 10% as tanker traffic halts near the Strait of Hormuz amid Iran attacks while IRGC warns against passage. 'Our ships will stay put'

Hundreds of tankers carrying oil and liquid natural gas have dropped anchor or remain stationary near the Strait of Hormuz.

Fortune

First oil tanker attacked in the Strait of Hormuz according to Oman

An oil tanker was attacked off the coast of Musandam in the Strait of Hormuz. Four people were injured and all 20 crew members were evacuated, according to Oman's Maritime Security Centre.

Euronews

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The Independent UK

Fuel price increase for customers ‘inevitable’ after US and Israeli strikes on Iran, warns AA

The US and Israel launched strikes against Iranian targets overnight, prompting retaliation by Tehran

Fortune

Iran is now on 'death ground' amid existential threat from U.S. attacks and could 'go big' in retaliation, former NATO commander warns

Iran could close the Strait of Hormuz or conduct terrorist attacks against Americans in the region and elsewhere, said retired Admiral James Stavridis.

The Times of India

‘No ship allowed’: Iran blocks Strait of Hormuz; US urges ships to avoid Gulf after US-Israel strike

Vessels transiting the Strait of Hormuz are reportedly receiving radio warnings, attributed to Iran's Revolutionary Guards, stating passage is prohibited. This critical oil route, vital for global energy supplies, faces heightened tensions following recent regional strikes. Iran has not officially confirmed issuing such an order, raising concerns for commercial shipping.

The Independent UK

How Iran’s closure of Strait of Hormuz could upend global oil and gas supplies

Iran has effectively shut down the Strait of Hormuz in retaliation for the US-Israeli war. Given that a quarter of seaborne oil and a fifth of global LNG shipments pass through this critical maritime route, the move may prove catastrophic for major economies dependent on energy supplies from the Gulf.…

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The Times of India

Iran temporarily shuts parts of Strait of Hormuz — why it matters far beyond the Gulf

Iran has temporarily closed parts of the Strait of Hormuz, one of the world’s most critical energy chokepoints, as tensions with the United States escalate. Iranian state and semi-official media reported live-fire naval drills in the narrow waterway, with missiles launched from inside Iran and along its coast reportedly striking…

The Times of India

Iran, US agree on ‘guiding principles’ in nuclear talks; Tehran cautions ‘not an agreement’

Iran and the United States have found common ground on key principles during nuclear talks in Geneva. While progress is noted, a final agreement is not yet in sight. Negotiations are expected to continue. The discussions occurred amidst heightened tensions in the Gulf region. Military drills were conducted by Iran…

Euronews

Tehran threatens US and closes Hormuz for drills amid nuclear talks

Iran has temporarily closed the Strait of Hormuz for live-fire drills on Tuesday as tensions with the US escalate, even as new nuclear talks in Geneva seek to avert open conflict.

The Independent UK

Iran temporarily closed the Strait of Hormuz as it held latest round of indirect talks with US

Iran announced the temporary closure of the Strait of Hormuz for live fire military drills as its negotiators held another round of indirect talks with the United States in Geneva over its disputed nuclear program

Barchart

Why Is Crude Oil Trending Higher?

NYMEX crude oil futures have moved steadily higher since the lows in mid-December, gaining more than $10 per barrel at their most recent high. Geopolitical risks in the Middle East have pushed the energy commodity higher, and higher highs could be on the horizon for seasonal reasons over the coming…

The Times of India

US Navy shoots down Iranian drone approaching its aircraft carrier in Arabian Sea

The shootdown came within hours of another confrontation in the region, during which Iranian forces harassed a US-flagged and US-crewed merchant vessel transiting the Strait of Hormuz, according to the US military. US Central Command said the Shahed-139 drone was downed by an F-35C fighter jet operating from the Abraham…

The Independent UK

What to know about the Strait of Hormuz as Iran plans military drill while tensions are high with US

Iran plans a military drill in the Strait of Hormuz, a crucial global shipping lane

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