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The Latest Breaking News from the Strait of Hormuz

Strait of Hormuz: How the Closure Impacts Gas, Food Prices and Mortgages

Key Takeaways: Inflation is predicted to rise to 3.5-four percent by mid-year. Food prices are expected to rise within 60 days. Mortgage rates rose from...

Saving Advice

Why hasn’t the UK sent warships to the Strait of Hormuz?

Donald Trump has warned that the Nato alliance faces a “very bad” future unless allies send warships to help reopen the key oil route

The Independent UK

Crude Oil Prices Slump on Hopes Strait of Hormuz to Soon Reopen

April WTI crude oil (CLJ26 ) today is down -3.35 (-3.39%), and April RBOB gasoline (RBJ26 ) is down -0.0033 (-0.11%). Crude oil prices are sharply lower today on hopes that oil tankers may soon be able to move through the Strait of Hormuz. Several oil tankers safely navigated the...

Barchart

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Explainer: Why Kharg Island is vital to Iran and the global economy

Strikes have already hit military infrastructure on a small Iranian island in the Persian Gulf — but if oil facilities are targeted next, the global economy could face a serious shock.

Euronews

Stocks Rally as Crude Oil and Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) today is up +1.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.12%. March E-mini S&P futures (ESH26 ) are up +1.05%, and March E-mini Nasdaq futures...

Barchart

Ireland not involved in Strait of Hormuz security, Taoiseach says

Ireland will not be getting involved in securing the Strait of Hormuz, the Taoiseach has said.

Evening Standard

Iran War Leaves Helium Supply Chains Up in the Air

About 30 percent of the world's helium supply depends on the Strait of Hormuz. Its closure means higher prices for tech manufacturing and advanced medical care.

Reason

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Trump Asks 7 Countries to Send Warships in Strait of Hormuz—No Commitments Yet as Tensions Escalate

President Donald Trump calls on seven nations, including China and the UK, to deploy warships to the Strait of Hormuz following US-Israeli strikes on Iran.

International Business Times UK

Still no Mojtaba: Iran war enters third week amid leadership crisis as Norwuz looms

Iran’s war enters a third week as uncertainty over Mojtaba Khamenei's condition and whereabouts, rising tensions over possible unrest around Nowruz and Chaharshanbe Suri and oil market turmoil deepen the crisis.

Euronews

UK will not be drawn into ‘wider war’ in Middle East, says PM Keir Starmer; seeks allied plan to reopen Strait of Hormuz

Britain will not join a wider Middle East war, Prime Minister Keir Starmer stated, despite collaborating with allies on a plan to reopen the Strait of Hormuz. He emphasized restoring shipping flows and global market stability, ruling out a NATO mission. Starmer stressed the need for a collective, viable plan,…

The Times of India

Stocks Rebound as Crude Oil Prices Move Lower

The S&P 500 Index ($SPX ) (SPY ) today is up +1.23%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.30%. March E-mini S&P futures (ESH26 ) are up +1.15%, and March E-mini Nasdaq futures...

Barchart

Starmer tells Trump: UK will not be dragged into wider war on Iran

Prime minister says UK is working with allies on a plan to reopen the Strait of Hormuz but admits ending blockade is not ‘straightforward’

The Independent UK

Iran War Keeps Oil Prices Over $100 as Strait of Hormuz Remains Paralyzed

LONDON — Oil prices held firmly above $100 a barrel on March 16, 2026, as the ongoing U.S.-Israel war with Iran entered its third week, with Iran's effective blockade of the Strait of Hormuz continuing to choke global supply lines despite President Donald Trump's repeated demands for international help to…

International Business Times

UK, Other Allies Weigh Hormuz Warships Role as Trump Warns NATO of 'Very Bad Future' Over Iran

As the US urges allies to send naval forces to the Strait of Hormuz, many governments are cautious, fearing escalation in the Middle East.

International Business Times

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The Independent UK

Rescued Thai sailors return home after Strait of Hormuz attack

Three crew members of bulk carrier Mayuree Naree are still missing

Euronews

Hormuz becomes world's most expensive waterway after 300% surge in risk premiums

Missile threats, soaring insurance premiums and suspended voyages are reshaping the trade that once went through Hormuz — and consumers will feel it within weeks.

Euronews

Oil prices rise as Trump presses allies to secure the Strait of Hormuz

Oil prices continue to rise as the Iran war enters its third week, with President Trump pushing allies to help secure the Strait of Hormuz as investors react to threats facing Middle Eastern export facilities.

Euronews

Kallas eyes EU naval mission shift to protect Strait of Hormuz as Trump calls for maritime coalition

The EU's 27 foreign ministers meet in Brussels to discuss ways to secure the Strait of Hormuz, as US President Donald Trump urged allies to help open the waterway or face a “very bad” future within NATO.

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Euronews

Macron presses Iranian president to stop 'unacceptable' attacks

The French president urged Iran to halt regional attacks, restore navigation in the Strait of Hormuz and let detained French citizens Kohler and Paris return home.

Radio France Internationale

France holds back warships as Trump urges allies to secure Strait of Hormuz

France has said it will not send naval vessels to the Strait of Hormuz after US President Donald Trump called on countries reliant on oil from the Gulf to help secure the shipping lane that has been blocked since the start of the US and Israeli attacks on Iran. France…

The Independent UK

EU weighs action to keep Strait of Hormuz open

The European Union is weighing options to help keep the Strait of Hormuz open for global shipping

The Independent UK

Why countries are rejecting Trump’s call to send ships to Strait of Hormuz

Trump says his administration has contacted seven countries to help secure waterway

Evening Standard

Starmer vows energy bill support for some households as Trump warns Nato allies over Iran response

Sir Keir Starmer announced £53 million in support for ‘those households that are most exposed’ to rising heating oil prices on Monday

The Times of India

Global oil hits $105 per barrel: Could UAE petrol prices jump to Dh3.80–Dh4 per litre in April?

Global oil prices have surged past $100 per barrel due to escalating Middle East tensions, particularly concerning the Strait of Hormuz. This volatility directly impacts fuel costs for UAE residents, with prices expected to rise if crude remains high. Other GCC nations also face potential price adjustments, though subsidies offer…

The Independent UK

The Latest: Trump calls for help to reopen the Strait of Hormuz

President Donald Trump says that he has demanded about seven countries send warships to keep the Strait of Hormuz open, as Iranian strikes continued to rain down on Gulf countries

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