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The Latest Breaking News from the Strait of Hormuz

Oil Prices Climb As Trump Warns Iran Amid Stalled Diplomacy In 80-Day War

A fresh warning from President Donald Trump and reports of rising tensions around the Strait of Hormuz pushed oil prices higher and weighed on global markets Monday as indirect negotiations between Washington and Tehran continued.

International Business Times

Trump Dismisses Xi Jinping Proposal On Iran Conflict Resolution Amid Global Concern

US President Trump has rejected Chinese President Xi's offer to mediate the Iran conflict, adding uncertainty to international negotiations and impacting global markets.

International Business Times UK

Iran officially announces new body to manage Strait of Hormuz: top security council

Iran has established a new authority to manage the Strait of Hormuz. This vital waterway has been effectively closed by Tehran, which intends to charge ships for passage. The new body will provide updates on operations and developments. Iran's control over the strait has impacted global markets.

The Economic Times

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India's cooking fuel shortage is driving up California's gas prices

India's cooking gas shortage, driven by the Strait of Hormuz closure, forces refiners to cut alkylate production. This directly impacts California's gasoline supply, as alkylates are crucial for its unique blend, leading to higher prices for motorists already facing a global fuel crisis.

The Economic Times

Rachel Reeves could scrap 5p fuel duty hike

Chancellor under pressure to shelve plans to increase fuel duty amid ongoing blockade on Strait of Hormuz

The Independent UK

Iran fires a fresh threat: After oil, your Insta reels, Amazon deliveries, WhatsApp chats and Netflix streams could be the next target

From Whatsapp chats, Insta reels to Amazon deliveries, everything could be hit as Iran is considering imposing fees on undersea internet cables passing through the Strait of Hormuz. This move could impact global technology companies and disrupt international internet traffic. The proposal also suggests restricting cable repair work to Iranian…

The Economic Times

Oil Price Today (May 18): Crude oil above $110 again as Iran war tensions deepen. Where is liquid gold headed?

Oil prices climbed on Monday. Hopes for peace with Iran dimmed after an attack on a UAE nuclear plant. President Trump is reviewing military actions. Drone attacks on the UAE and Saudi Arabia increased fears of wider conflict. The Strait of Hormuz remains a key concern for global oil and…

The Economic Times

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Global Market Today: Asian shares slip, oil prices pile pressure on bonds

Asian markets declined Monday. Drone attacks in the Gulf boosted oil prices and bond yields. Investors anticipate Nvidia's earnings report this week, which could impact the AI boom. G7 finance ministers are meeting to discuss the Strait of Hormuz and raw material supplies. High energy costs are driving inflation concerns…

The Economic Times

Iran’s next move after blocking Hormuz? Tehran is now eyeing the Gulf’s hidden arteries

Iran’s widening war with the US and much of the Middle East appears to be entering a new phase. After using the Strait of Hormuz as leverage during months of military escalation, Tehran is now signalling that it could target another critical global chokepoint: the vast network of subsea internet…

The Times of India

India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s

India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.

The Economic Times

US Fed likely to hold rates through 2026 as inflation risks overshadow labour market weakness: Report

The US Federal Reserve is likely to drop its easing bias at the next FOMC meeting and shift toward a tightening stance through 2026, with a 20% chance of a 25 bps hike in December if the Strait of Hormuz remained closed and energy prices spiked further, Elara Securities said…

The Economic Times

Marshall Islands-flagged LPG tanker Symi arrives at Kandla Port after crossing Strait of Hormuz

The arrival of the LPG shipment comes amid heightened international attention on maritime traffic through the Strait of Hormuz, a critical global energy transit route connecting the Persian Gulf with international shipping lanes.

The Economic Times

Targeting commercial shipping, impeding navigation in Strait of Hormuz unacceptable: India's UN envoy

India's UN envoy Parvathaneni Harish stressed the need for short-term and long-term measures, plus international cooperation, to address the energy and fertilizer crisis amid the West Asia conflict. He reiterated concerns over maritime security and freedom of navigation in the Strait of Hormuz, deeming disruptions unacceptable and calling for respect…

The Economic Times

Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn

Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.

Fortune

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The Economic Times

Suezmax tanker with Iraqi crude reaches India after Hormuz transit

An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from…

The Economic Times

Trump returns from China with little progress on reopening Hormuz

Iran says passage through the Strait of Hormuz will return to normal once security is restored. US President Donald Trump seeks to reopen the critical waterway after talks with China. Iran insists on maintaining control. Disruptions have caused oil prices to surge. The US has imposed sanctions on Iran's oil…

The Economic Times

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

President Donald Trump claims China's Xi Jinping agreed Iran must reopen the Strait of Hormuz. Iran effectively shut the vital waterway after U.S. and Israeli attacks. This has caused a major oil supply crisis and pushed up prices. Tehran insists it will not unblock the strait until the U.S. ends…

The Independent UK

Britain to lead multinational mission to reopen the Strait of Hormuz

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The Economic Times

Iran state TV says European countries in talks with Tehran for Hormuz transit

European nations are in talks with Iran regarding passage through the Strait of Hormuz. This follows similar agreements with East Asian countries. Iran has largely controlled shipping since a conflict began in February. A ceasefire is now in place. Iran is preparing a system to manage traffic, benefiting cooperating commercial…

The Independent UK

Inside the UK-led mission to open the Strait of Hormuz

The Royal Navy is being readied for the mission, which will take place when fighting has ended

The Independent UK

How Iran could fight a shadow war with US for months after Operation Epic Fury failed to destroy missiles

Experts say Iran still has several strategies it can use if war with the US resumes

The Economic Times

Iran plans new Hormuz transit mechanism, says only cooperating nations will benefit

Iran is introducing a new system for the Strait of Hormuz. Commercial ships and nations cooperating with Tehran will receive priority passage. Specialized services will incur fees. This move comes amid rising Gulf tensions and concerns over global energy supplies. Several oil and gas carriers are already transiting the vital…

The Economic Times

Trump says US-Iran ceasefire agreed 'as a favour to Pakistan'

US President Donald Trump revealed the Iran ceasefire was a favor to Pakistan, acting as mediator. He indicated international pressure also played a role. Trump dismissed needing favors from China's President Xi Jinping regarding the Strait of Hormuz. The US may conduct further action after the truce. Pakistan's mediation role…

International Business Times UK

UAE Plans to Bypass the Strait of Hormuz to Export Oil Via the Gulf of Oman with an Ingenious Unexpected Plan

The UAE is expediting its oil pipeline expansion to bypass the Strait of Hormuz, enhancing export capacity and energy security amid regional tensions threatening global energy corridors.

The Economic Times

Crude oil surges 8% in a week to near $110 as Iran war tensions simmer again. Where are prices headed?

Oil prices surged this week as U.S. President Trump and Iran's foreign minister exchanged remarks, dampening hopes for a near-term agreement on ship attacks around the Strait of Hormuz. Brent crude futures rose 7.84% and WTI gained 10.48% amid uncertainty over the fragile ceasefire and the potential for prolonged disruptions…

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