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The Latest Breaking News from the Strait of Hormuz

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

Fortune

Over 400 million barrels will be added to the oil market soon – what are strategic reserves and what can they do?

In the second week of the Iran war – with the Strait of Hormuz effectively closed, cutting off shipping of 20% of the world’s oil supply – the International Energy Agency announced the largest release of strategic oil reserves in history. Thirty-two countries will sell a combined 412 million barrels…

The Conversation

Trump proposes extraordinary ‘joint leadership’ of Iran alongside ayatollah

The US president made the bizarre suggestion when speaking to reporters that both he and ‘the new ayatollah’ could also control the Strait of Hormuz

The Independent UK

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Trump pauses bombing in Iran but Tehran says his claim of talks is ‘fake news’

Iran has denied the president’s claim of ‘very strong’ negotiations and says he is trying to ‘manipulate the financial and oil markets’

The Independent UK

Crude Oil Prices Sink as President Trump Backs Off Iran Threats

April WTI crude oil (CLJ26 ) today is down -11.30 (-11.50%), and April RBOB gasoline (RBJ26 ) is down -0.3374 (-10.49%). Crude oil and gasoline prices gave up an overnight advance and sold off sharply today, with crude falling to a 1.5-week low and gasoline dropping to a 1-week low....

Barchart

'No direct talks, buying time': What Iran has said on Trump's claims

President Trump on Monday claimed "productive" talks with Iran, suggesting a potential deal. However, Iranian authorities denied any negotiations, accusing the US of using diplomacy as a cover for military action. Trump announced a five-day pause on strikes against Iranian energy infrastructure, citing ongoing discussions, while military actions continued on…

The Times of India

How the Strait of Hormuz closure could affect your finances

Prime Minister Sir Keir Starmer’s official spokesman said the ‘Strait of Hormuz specifically needs to be reopened’

The Independent UK

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Strait of Hormuz closure: 10 ways it could impact your finances

The Press Association looks at 10 ways that the disruption to the critical international shipping route could impact people’s finances.

Evening Standard

Stocks Rally as President Trump Eases Iran Threats

The S&P 500 Index ($SPX ) (SPY ) today is up +2.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +2.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.19%. June E-mini S&P futures (ESM26 ) are up +2.14%, and June E-mini Nasdaq futures...

Barchart

Trump Suggests U.S. Could Control The Strait Of Hormuz With Iran: 'Me And The Ayatollah, Whoever He Is'

President Donald Trump suggested that the U.S. could control the Strait of Hormuz, a key waterway in the Middle East through which a sizable portion of the world energy goes through, along with Iran.

Latin Times

How GPS spoofing is creating chaos in the Middle East as Iran tightens grip on Strait of Hormuz

IN FOCUS: Jamming and spoofing are becoming increasingly common on the modern battlefield. They can also have devastating effects on civilian transport, writes James C. Reynolds

The Independent UK

The Strait of Hormuz Standoff: Why a 5-Day Delay Won't End the 'De Facto Blockade'

President Trump has postponed his ultimatum to strike Iranian power plants for five days, but the Strait of Hormuz remains a 'de facto' minefield. Discover why the US Navy's traditional power is struggling against Iran's asymmetric siege and the bizarre 'China Owner' tags tankers are using to survive.

International Business Times UK

Stocks Rebound as Crude Oil Sinks After President Trump Eases Iran Threats

The S&P 500 Index ($SPX ) (SPY ) today is up +1.73%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.79%. June E-mini S&P futures (ESM26 ) are up +1.47%, and June E-mini Nasdaq futures...

Barchart

Oil Prices Plunge 13% as Donald Trump Delays Threat to 'Obliterate' Iran Power Plants

Donald Trump stepped back from his threat to destroy Iran's power plants on Monday, announcing a five‑day postponement of planned military strikes after reporting constructive diplomatic talks with Tehran. The announcement sent Brent crude falling sharply, offering global markets a rare moment of relief as the month‑long conflict showed its…

International Business Times UK

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International Business Times UK

Kevin O'Leary Predicts the Strait of Hormuz Crisis Will be Resolved in The Next 30 Days

Kevin O'Leary discusses the potential resolution for the Strait of Hormuz blockade and its impact on global oil prices and the US economy.

Evening Standard

Oil prices retreat and markets pull out of nosedive on US-Iran talk hopes

Brent crude swiftly fell as much as 10% after President Donald Trump said the US would pause strikes for five days.

International Business Times UK

NATO Expects Europe to Unite on Iran War as Trump Calls Them 'Cowards' Amid Oil, Market Chaos

As the Middle East crisis deepens, Europe grapples with tough decisions amid rising tensions with NATO and the US. Discover the latest developments and their impact on global markets.

International Business Times

World Oil Prices Surge to Near $113 as US-Iran Conflict Disrupts Strait of Hormuz Flows on March 23, 2026

Global oil prices climbed sharply Monday amid persistent disruptions to the Strait of Hormuz caused by the ongoing U.S.-Iran conflict, with Brent crude benchmark rising to around $113 per barrel as supply fears intensified in the fourth week of hostilities.

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The Times of India

From 48-hour ultimatum to 5-day pause: Trump cites ‘productive’ US-Iran talks, halts strikes on energy infrastructure

US President Donald Trump announced a five-day pause on planned military strikes against Iran, citing "very good and productive" talks. This follows a 48-hour ultimatum to fully reopen the Strait of Hormuz. Iran stated the strait remains open to non-enemy vessels, prioritizing diplomacy but demanding an end to aggression. The…

The Mary Sue

Trump’s brutal ‘cowards’ claim rocks NATO as one major player finally crumbles under US pressure

The British government has partially reversed its stance, now allowing the United States military to use UK bases for airstrikes aimed at clearing the Strait of Hormuz of Iranian obstacles. This policy shift was announced by Prime Minister Keir Starmer’s office just hours after President Donald Trump publicly called European…

The Independent UK

Politics latest: Starmer warns there may not be ‘quick and early end’ to US-Iran war ahead of Cobra meeting

Prime minister warned his team not to fall into ‘false comfort’ of thinking as Middle East conflict could be lengthy

Evening Standard

Keir Starmer to chair Cobra meeting after Donald Trump call on Iran crisis

The Prime Minister and the US president agreed reopening the Strait of Hormuz was ‘essential’ to stabilise a global energy market.

The Independent UK

US-Iran war latest: Tehran calls US peace talk claims ‘fake news’ as Trump sets new deadline to end war

Donald Trump says the US and Iran have held talks about a ‘total resolution of hostilities’

The Times of India

Bigger US strike on Iran today? Trump’s 'mild' warning as 48-hour deadline expires today

US President Donald Trump has issued a stark warning to Iran. He demands the reopening of the Strait of Hormuz within 48 hours. Failure to comply will result in severe consequences, including the obliteration of Iran's power plants. Iran has responded with its own threats. Tehran vows to target US-linked…

International Business Times UK

Starmer and Trump Discuss Strait of Hormuz Amid Iran Blockade – Could UK Be Drawn Into Middle East Crisis?

Starmer and Trump hold urgent talks to reopen the Strait of Hormuz amid Middle East strikes, raising concerns over UK involvement in a US-Iran conflict

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