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EXPLAINED: 8 | Rare Historical Photos

Trump says new Iran talks set to start on Monday after calling off massive attack

US Iran news: New negotiations between the US and Iran will begin Monday to end the ongoing war. Talks will focus on the Strait of Hormuz and Iran's denuclearization efforts. Oil prices dropped as the announcement of these new talks was made. Iran is nearing a deal with Oman over…

The Economic Times

OPEC+ Agrees To Boost Oil Output. It May Not Reflect In Market Soon.

Export disruptions from the Gulf, Russia and Kazakhstan due to geopolitical conflicts meant that successive OPEC+ have remained largely on paper, causing little impact on the market. Major oil producers in the Gulf have not been able to increase exports due to the closure of Hormuz enforced by Iran.

International Business Times

Hormuz oil shuttling trade is picking up again after lull

Producers are using their own vessels or fixed contracts to ensure oil delivery. This activity is crucial for global oil markets, which rely on Hormuz transits.

The Economic Times

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Iran strikes tankers under US escort in Hormuz strait as Trump gathers cabinet to discuss war

Energy prices have soared again since fighting between US and Iran resumed two weeks ago as conflict spreads across Middle East

The Guardian - UK

Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

The Independent UK

Houthis to copy Iran's Hormuz playbook with Red Sea toll plan

Yemen's information minister said intelligence confirmed IRGC advisers were directly involved in designing a Houthi-enforced toll system for the Bab el-Mandeb, mirroring Iran's contested claim to charge fees in the Strait of Hormuz.

Euronews

India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge Ratings

India faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per barrel. This scenario threatens inflation and the Indian rupee's stability. Smaller businesses are particularly exposed to rising costs and liquidity stress. Global supply chains and India's trade balance would experience…

The Economic Times

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Iran rules out Oman's proposal for regional joint management of Hormuz Strait, senior Iranian official tells Reuters

Iran has rejected Oman's proposal for joint management of the Strait of Hormuz. A senior Iranian official stated the plan has no chance of success. The official added that the US and Saudi Arabia are pressuring Oman. They are trying to advance their unrealistic plans for the strategic waterway. Tehran…

The Economic Times

Ships stuck in strait of Hormuz pose ‘super-spreader’ biodiversity threat, scientists warn

Biologists say cargo ships stranded in Gulf may carry highly potent invasive species around the world as trade resumes

The Guardian - UK

Iran-US war latest: Trump resumes ‘heavy waves of strikes’ on Iran after vowing to avenge surprise missile attack

Iran targeted US bases in Jordan and claims to have struck three tankers in Strait of Hormuz

The Independent UK

Trump pausing Iran attacks shows US military power is not enough on its own

Tehran has not been bombed into submission, leaving America unable to enforce its demands without a ground war that it does not want

The Guardian - UK

Why is Oman proposing a new plan to manage the Strait of Hormuz?

Oman has proposed a regional management plan for the Strait of Hormuz. This plan suggests voluntary fees to cover operational costs and services. Iran previously sought to control the strait and charge transit fees. The United States also considered charging for passage through the waterway. International law generally prohibits charging…

The Economic Times

Asia ‘scraping the bottom of the barrel’ as Red Sea oil blockade worsens energy crisis

The Houthi threat to Saudi oil exports comes as Japan, South Korea and the Philippines are still reeling from the closure of the strait of Hormuz

The Guardian - AU

Trump warns of return to ‘strong military action’ if Iran diplomacy fails

Washington and Tehran issue conflicting messages over the status of talks to end Middle East crisis

The Guardian - UK

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The Guardian - UK

Oil prices fall as US pauses strikes on Iran over strait of Hormuz

Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall

The Economic Times

Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows

Ship traffic through Bab el-Mandeb decreased Sunday after Houthi attacks on Saudi oil sites. Fewer than ten commodity vessels passed through the Strait of Hormuz over the weekend. Seven vessels transited Hormuz on Sunday, including three Iranian-linked tankers.

The Economic Times

Red Sea shipping slumps after Houthi strikes on Saudi Arabia energy infrastructure

Ship traffic through Bab el-Mandeb declined significantly on Sunday. This occurred after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast. Meanwhile, transit through the Strait of Hormuz stayed low over the weekend. Seven commodity vessels passed through Bab el-Mandeb, the lowest level in months. Red Sea traffic…

Benzinga

Ray Dalio Says 'Final Battle' At the Strait of Hormuz Is Here— And It Could Decide If the US Empire 'Survives or Falls'

Billionaire investor Ray Dalio said Friday that the Iran war’s outcome hinges entirely on the Strait of Hormuz, warning a decisive clash is imminent.

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International Business Times

The World's Oil Tankers Are Seeking To Flee Hormuz. The Bill Is $2.5 Million Per Ship

The combined disruption of the Strait of Hormuz and the Bab el-Mandeb is forcing some shipments to take a circuitous route around Africa's Cape of Good Hope, making voyages longer and $ 2.5 million more expensive.

The Guardian - UK

US expands Iran attacks as Trump warns Tehran and Houthis over Red Sea strikes

No end to fighting in sight as Revolutionary Guards launch drones at targets in Bahrain, Jordan and Kuwait

The Economic Times

Houthis say they don't seek to close key Bab al-Mandeb Strait

A Houthi spokesman said Friday that the rebels were not blocking traffic through the strategic Bab al-Mandeb Strait, after they declared a maritime embargo this week on their foe Saudi Arabia. Despite the Houthi threats and course changes, traffic continues in the Bab el-Mandeb Strait, which has been key to…

The Guardian - UK

How the Bab al-Mandab blockade threat helped push oil back above $100

Escalating Houthi warnings to ships carrying Saudi crude through the strait lead to fears of further price surge

The Economic Times

Oil crosses $100: A 'perfect hurricane' can trigger bigger shock soon

Brent crude has surged past $100 as escalating Middle East tensions threaten two critical oil chokepoints — the Strait of Hormuz and Bab el-Mandeb — at the same time. While markets were already grappling with disruptions in Hormuz due to the US-Iran conflict, fresh Houthi attacks on Saudi oil tankers…

Benzinga

Rand Paul Warns US Is 'Worse Off' Nearly Five Months Into Iran War As Hormuz Snags Spike Energy Prices: 'By Any Objective Measure…'

Sen. Rand Paul (R-Ky.) said the United States is "worse off" nearly five months after President Donald Trump launched the Iran war, pointing to an increasingly militarized Strait of Hormuz, rising energy prices and the failure to convert battlefield gains into a lasting agreement.

International Business Times

Iran Is Seeking To Dominate The Strait Of Hormuz. Gulf Countries Are Planning To Bypass It

At least seven major pipeline projects are under construction, in the planning stage or being considered as countries seek to bypass the Strait of Hormuz.

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