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The Latest Breaking News from the Strait of Hormuz

Oil prices climb more than 3% on fears of new US-Iran combat

Oil prices surged over 3% as U.S. President Trump and Iran's foreign minister exchanged confrontational remarks, diminishing hopes for a deal to end ship attacks around the Strait of Hormuz. Despite a shaky ceasefire, the strait's potential reopening is uncertain, impacting global oil supplies and pushing prices higher.

The Economic Times

Operation Epic Fury to resume? Donald Trump weighs fresh Iran strikes after China visit: Report

As US President Trump returns from China, pressure mounts over Iran. Top aides are reportedly preparing options for renewed military action against Tehran if diplomacy falters, including intensified bombing and potential Special Operations deployments. Iran, meanwhile, signals readiness for conflict, while the Strait of Hormuz remains a critical concern for…

The Times of India

Friendly nations can rely on safe commerce, says Araghchi after meeting EAM; welcomes any positive role by India for peace

External affairs minister S Jaishankar and his Iranian counterpart Seyed Abbas Araghchi discussed the West Asia conflict and its implications, including the Strait of Hormuz situation, in their first bilateral meeting since the US-Israel and Iran war started in February.

The Times of India

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Crude Oil Prices Surge on Concern of a Prolonged Disruption to Global Supplies

June WTI crude oil (CLM26 ) on Friday closed up +4.25 (+4.20%), and June RBOB gasoline (RBM26 ) closed up +0.0962 (+2.67%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 1.5-week high. Crude prices are surging as the lack of negotiations to end the US-Iran...

Barchart

Trump Says He Tossed Iran Proposal After First Sentence: What Was in the Deal?

President Donald Trump said he rejected Iran's latest proposal after reading only its opening line, a blunt sign that U.S.-Iran talks remain deadlocked over Tehran's nuclear program, the Strait of Hormuz and the terms for ending the war.

Latin Times

'I Just Throw It Away': Trump Dumps Iran's Nuclear Proposal at the First Sentence

Donald Trump rejected Iran's nuclear proposal, demanding zero enrichment. The US-Iran ceasefire remains fragile, with economic stakes high as the Strait of Hormuz stays closed.

International Business Times UK

Trump Says U.S. 'Controls' Strait of Hormuz as Iran Says Negotiations Deadlocked Because It 'Cannot Trust' Americans

At a BRICS meeting in New Delhi, Iranian Foreign Minister Abbas Araghchi said Tehran "cannot trust the Americans at all," and said that the United States was sending conflicting messages.

International Business Times

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Crude Oil Prices Surge as Global Supplies Continue to Tighten

June WTI crude oil (CLM26 ) today is up +3.55 (+3.51%), and June RBOB gasoline (RBM26 ) is up +0.0801 (+2.22%). Crude oil and gasoline prices are moving sharply higher today as US-Iran war negotiations are at an impasse, keeping the Strait of Hormuz closed and tightening global oil supplies....

Barchart

India ready to extend all possible support for restoration of peace and stability in West Asia: PM Modi

India pledges full support for peace in West Asia. Prime Minister Narendra Modi condemned attacks on the UAE. He praised UAE President Sheikh Mohamed bin Zayed's handling of the situation. India stands with the UAE. The volatile situation impacts global security. India prioritizes dialogue and diplomacy.

The Economic Times

Oil Prices Climb As Strait Of Hormuz Remains Closed, Iran Says It 'Cannot Trust The Americans At All'

Oil prices are rising again on Friday as the Strait of Hormuz remains closed and a top Iranian official said the country "cannot trust the Americans at all."

International Business Times

UAE To Speed Up Construction Of a New Pipeline As Hormuz Strait Remains Closed

The UAE will speed up the construction of a new oil pipeline to bypass the Strait of Hormuz, which remains closed as hostilities between the U.S. and Iran continue.

International Business Times

Iran has 'no trust' in US, will negotiate only if it is serious: Araqchi

Iran expresses distrust in the United States, stating negotiations will only occur if Washington is serious. Talks to end the ongoing conflict are currently stalled. Iran allows passage through the Strait of Hormuz for vessels not at war with Tehran, provided they coordinate with its navy. The situation remains complex.

The Economic Times

Iran war left in limbo after Trump and Xi fail to agree path to ending conflict at crucial summit

Hopes that the US president and his Chinese counterpart would produce a concrete plan to end conflict have been dashed

The Independent UK

Global Markets | European shares tumble on Iran war-linked inflation woes

U.S. President Donald Trump, on the last day of his trip ‌to China, said ⁠his patience ⁠with Iran was running out and that China's President Xi Jinping agreed that Tehran must not be allowed to develop nuclear weapons and should reopen the Strait of Hormuz.

The Economic Times

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The Economic Times

Hormuz not blocked by Iran, 'unprovoked aggression' by US, Israel led to it: Russian FM Lavrov

Russia's Foreign Minister Sergey Lavrov pointed to US and Israeli actions as the cause of the Gulf crisis. He stated Iran did not block the Strait of Hormuz. Lavrov proposed regional security talks involving Iran and Arab nations. He suggested India could mediate between Iran and the US for long-term…

The Economic Times

Trump says he and China's Xi agree Iran cannot have nuclear weapons

Trump and Xi Jinping also discussed keeping the Strait of Hormuz open for global shipping. Tensions remain high as the conflict continues. Recent incidents involve a sunk cargo vessel and a ship boarded by unauthorised personnel. Diplomacy is currently stalled.

Radio France Internationale

Trump hails 'fantastic trade deals' made during talks with China's Xi

President Donald Trump announced he had made "fantastic trade deals" with China's President Xi Jinping, as the pair met on Friday for the final talks of a superpower summit that the US leader said had also secured a Chinese offer to help open the Strait of Hormuz.

The Independent UK

The Latest: Trump wraps up China visit and holds private meeting with Chinese leader Xi Jinping

U.S. President Donald Trump wraps up his visit to Beijing with a private meeting at Chinese leader Xi Jinping’s official residence before he departs for Washington

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Euronews

Iran eyes fees on Hormuz internet cables as new lever against the West

IRGC-linked media have called on Tehran to impose fees on submarine cables through the Strait of Hormuz and monitor global data traffic, citing claimed sovereignty over the waterway.

The Economic Times

Trump says made 'fantastic trade deals' with Xi

President Donald Trump met with President Xi Jinping in Beijing. They discussed significant trade agreements beneficial to both nations. China offered assistance regarding the Strait of Hormuz. Discussions also touched upon artificial intelligence and oil purchases. The leaders addressed geopolitical flashpoints like Taiwan, aiming to manage differences.

The Independent UK

War worsens Lebanon's economic crisis with job losses, price gouging and slow business

The latest war between Israel and Hamas, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast

Euronews

Trump and Xi wrap up summit claiming progress in stabilising ties but differences remain

The two leaders met on Friday at final talks of the superpower summit, which the US president said "settled a lot of different problems". Xi described Trump's visit as a "milestone visit".

The Times of India

‘Xi would also like to see the Hormuz Strait open’: Donald Trump on US-China talks

US President Trump revealed Chinese President Xi Jinping desires the Strait of Hormuz reopened to stabilize global energy markets. Both leaders reportedly agreed on the necessity of this crucial shipping route's resumption. Discussions also touched upon potential increased Chinese purchases of American oil and agricultural products, alongside ongoing tensions regarding…

The Economic Times

HPCL, BPCL and IOC shares slide up to 3% after petrol, diesel price hike

Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain high due to West Asia conflicts. Prime Minister Modi urged fuel conservation. Oil Minister Hardeep Singh Puri expressed concern over companies…

The Independent UK

Iran-US war latest: Trump warns Tehran ‘clock is ticking’ after phone call with Netanyahu

A drone strike has sparked a ⁠fire at an electrical generator at the Barakah Nuclear Power Plant in Abu Dhabi

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