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The Latest Breaking News from the Strait of Hormuz

Is Crude Oil Price Going Down Soon Amidst Iran Conflict? Trump Declares 'War Is Almost Over'

Oil prices surged amid Iran conflict fears but fell after Donald Trump said the war could end soon, easing concerns about supply disruptions in the Strait of Hormuz.

International Business Times UK

Trump threatens to unleash ‘death, fire and fury’ on Iran if it meddles with flow of oil in Middle East

The post marked Trump’s latest attempt to boost marine traffic through the Strait of Hormuz where its effective closure has sent crude oil prices spiraling past $110 per barrel

The Independent UK

Iran Offers Any Country a Free Pass Through the Strait of Hormuz With One Terrifying Condition

Iran's says vessels can safely transit the Strait of Hormuz only if their governments expel US and Israeli diplomats. The ultimatum arrives as military strikes continue, undercutting US President Donald Trump's claims of an imminent end to the conflict.

International Business Times UK

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Trump Tells Oil Tanker Crews to 'Show Some Guts' Through Strait of Hormuz as Iran Conflict Sends Oil Prices Past $100

President Trump encourages oil tankers to resume operations through the Strait of Hormuz despite safety concerns, as global oil prices surge.

International Business Times UK

Why the Strait of Hormuz is so difficult to defend

The narrow waterway concentrates traffic into predictable corridors for Iran to target adversaries.

Axios

Macron announces 'defensive' mission to reopen Strait of Hormuz

President Emmanuel Macron on Monday warned that an attack on Cyprus was an attack on all of Europe and said France and its allies were preparing a "defensive" mission to reopen the Strait of Hormuz as the Middle East war entered its second week.

Radio France Internationale

Donald Trump urges tankers to ‘show some guts’ in Strait of Hormuz as oil prices surge

President Trump urged tanker crews navigating the Strait of Hormuz to "show some guts," asserting that Iran's naval capabilities have been significantly diminished. He stated there is "nothing to be afraid of" as global oil prices surged over $100 per barrel due to fears of supply disruptions.

The Times of India

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Why blocking Hormuz could threaten the world's food supply

While most of the world is focused on the impact of oil disruptions in the Strait of Hormuz, the current blockade could also pose long-term risks to the global food supply.

Euronews

Key Factor of Iran War is Plunging World Economy Into Unprecedented Energy Crisis, Analyst Says

Experts are warning that the world is headed for an unprecedented energy crisis due to the Iran war and threats to shipping in the Strait of Hormuz.

International Business Times

European Commission plans energy price relief for struggling industries

EU leaders are considering reviewing taxes, electricity network charges and carbon costs tied to energy prices as a quick fix for struggling industries as attacks on the Strait of Hormuz send markets reeling.

Euronews

'A Good Thing' — Leavitt Defends Spiking Gas Prices on Fox News Even as Brent Crude Hits $84 a Barrel

White House press secretary Karoline Leavitt defends rising petrol prices in the US, citing the Iran conflict as a temporary disruption for long-term energy market benefits

International Business Times UK

'Nightmare scenario' looms as global markets head for the biggest oil output disruption in history, top energy guru warns

“The fear? That this will result in skyrocketing energy prices that send the world economy plummeting into a deep recession.”

Fortune

Minister tight-lipped on Middle East military request

Australia is considering whether to send resources to the Middle East to protect against Iranian attacks, but officials are yet to reveal key details.

AAP

Iran war ‘could bring down global economy’ after warning oil could reach $150 a barrel

The bombing of Iranian oil depots, retaliatory strikes across the Gulf and disruption in the Strait of Hormuz is hiking prices, prompting warnings oil could reach $150 a barrel and a gas shortfall in Britain

The Independent UK

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Fortune

Forget the U.S. Navy, the best protection for ships traveling through the Strait of Hormuz may be claiming to be a 'Chinese' or 'Muslim' vessel

Most ships in the U.S. Navy’s fleet are in port or in maintenance and training, with less than a fifth of the force at sea for operations, according to CSIS.

Fortune

Oil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.

Barchart

Stocks Retreat on Inflation Concerns and a Weak US Job Market

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.95%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.51%. March E-mini S&P futures (ESH26 ) fell -1.39%, and March E-mini Nasdaq futures...

Barchart

Crude Prices Surge as Iran War Halts Middle East Crude Shipments

April WTI crude oil (CLJ26 ) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26 ) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The...

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International Business Times UK

'If They Rise, They Rise' — Trump Shrugs Off Surging Pump Prices as Qatar's Energy Minister Warns Oil Could Hit $150 a Barrel

As the US-Iran conflict intensifies, oil prices are skyrocketing, with potential global economic impacts. Discover how the Strait of Hormuz tensions are affecting energy markets.

Barchart

Crude Prices Soar as Iran War Disrupts Global Oil Supplies

April WTI crude oil (CLJ26 ) today is up +7.44 (+9.18%), and April RBOB gasoline (RBJ26 ) is up +0.0148 (+0.55%). Crude oil and gasoline prices are extending this week’s sharp rally, with crude soaring to a 2.25-year nearest-futures high and gasoline posting a 1.75-year high. The ongoing war in...

Barchart

Stocks Retreat Amid Inflation Fears and Weak US Jobs

The S&P 500 Index ($SPX ) (SPY ) today is down -0.95%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.76%. March E-mini S&P futures (ESH26 ) are down -0.95%, and March E-mini Nasdaq futures...

International Business Times UK

Saudi Arabia And Gulf Allies Reportedly Discussing Withdrawing From US Contracts Amid Rising Iran Tensions

Gulf nations are reviewing their investment commitments to the US due to the ongoing Iran conflict, impacting global economies.

Euronews

The country likely winning from Iran's Hormuz gambit? Russia

The world's most critical shipping chokepoint is becoming a geopolitical battleground — and Russia may be the unlikely winner.

Barchart

Stocks Slump on Iran War and Weak US Jobs Report

The S&P 500 Index ($SPX ) (SPY ) today is down -1.68%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.93%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.50%. March E-mini S&P futures (ESH26 ) are down -1.60%, and March E-mini Nasdaq futures...

Euronews

Which EU countries are most exposed to the LNG supply disruption?

Iranian attacks have led to the suspension of Qatari LNG production and major shipping disruptions through the Strait of Hormuz. Which EU countries could be the most affected?

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