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INSANE: 5 | Rare Historical Photos

Oil Price Today (August 10): Crude oil rises to $85 amid Hormuz worries as attacks continue. What are experts saying?

Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shipping lanes. Attacks on Saudi and UAE facilities heightened supply concerns over the weekend. Analysts predict significant price increases if disruptions continue for months. Oil is expected to…

The Economic Times

Gold holds steady after scaling 7-week high, US inflation data in focus

Gold prices remained stable during the early Asian trading hours on Monday, as investors gear up for significant inflation reports set to be released later this week. The recent underwhelming U.S. jobs data has tempered expectations for interest rate hikes. Meanwhile, ongoing geopolitical situations concerning Iran and Oman continue to…

The Economic Times

Oil rises on uncertainty over reopening of Hormuz

Oil prices surged on Monday amidst growing uncertainty about the reopening of the vital Strait of Hormuz. Iran indicated that negotiations with Oman were advancing but insisted that U.S. terms must be fulfilled first. Traders are now on high alert, looking for solid evidence before they consider lowering risk premiums…

The Economic Times

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Iran Links Hormuz Reopening to US Meeting Its Demands: Dow Futures Fall 127 Points, Brent Above $84

Iran said an agreement with Oman on new shipping lanes through the Strait of Hormuz is in its "final stages," but Tehran reiterated that the strategic waterway will not reopen unless the U.S. meets several conditions.

Benzinga

Iran ties Hormuz reopening to US concessions on several demands

Iran says a deal with Oman on new shipping lanes through the Strait of Hormuz is in its final stages, but reopening the strategic waterway depends on U.S. concessions, including compensation, sanctions relief and an end to military threats. The developments come amid heightened regional tensions and attacks on shipping.

The Economic Times

Iran vows to keep Strait of Hormuz closed until US meets demands

Iran’s Revolutionary Guards said Sunday that the Strait of Hormuz would remain closed until the US meets Tehran’s demands, including an end to sanctions and compensation for war damage. The blockade of the crucial energy route has rattled markets and pushed up prices, while President Donald Trump said he was…

France 24

No Direct US-Iran Talks Now. Middle East Peace Missives Take Back Channel Route

Tehran's top diplomat also said even if Iran strikes a deal with Oman to secure a trade route through the contentious Strait of Hormuz, that wouldn't ensure peace. Foreign Minister Abbas Araghchi has reiterated that IRGC's demands should be met by the Washington to reopen the Strait of Hormuz.

International Business Times

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US Iran war: Trump may ditch nuclear deal plan if Tehran reopens Hormuz

US President Trump seeks an exit from the Iran war as the conflict continues to escalate. The administration may set aside the nuclear issue for Strait of Hormuz reopening. Iran has set new conditions for reopening the strategic waterway, demanding US behavior correction. Financial demands and sanctions remain significant hurdles…

The Economic Times

No direct talks with US, exchange of messages through intermediaries, says Iranian FM Araghchi

Iran is not currently engaged in direct negotiations with the United States, while messages between the two sides are being exchanged through intermediaries, Iranian Foreign Minister Seyyed Abbas Araghchi said on Sunday.

The Economic Times

Netanyahu rejects US-backed Gaza plan as Trump board head calls it 'only way forward'

A US-backed plan for Gaza remains the “only way forward” to prevent a repeat of Hamas’s October 7, 2023 attack, a senior official overseeing the proposal said Sunday. The comments came after Israeli PM Benjamin Netanyahu rejected the 15-point plan for Gaza and stressed that the Israeli military would not…

France 24

Iran issues demands for reopening of Hormuz

DUBAI - Iran set preconditions on Saturday for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy.

Bangkok Post

Strait of Hormuz standoff: What conditions have US, Iran set to reopen waterway

Iran has made clear that a deal with Oman on a new shipping arrangement for the Strait of Hormuz will not, by itself, reopen the strategic waterway. Tehran says the strait will reopen only after the United States accepts a broader set of Iranian conditions, while Washington has indicated that…

The Times of India

Iran says Hormuz deal with Oman close, but strait reopening hinges on US concessions

Iran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongoing war and resuming normal oil traffic. However, Iran insists on further conditions, including U.S. compensation and an end to threats. The United Arab…

The Economic Times

Iran issues tough demands to reopen strait of Hormuz as deal still out of reach

Tehran urges US to ‘correct its behaviour’ as UAE says one of its ships targeted by Iranian missile

The Guardian - UK

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Latin Times

Iran Says Hormuz Stays Half-Shut Until Washington Bends — Even as an Oman Deal Nears

Iran says Hormuz won't fully reopen until the US yields, even as Tehran and Oman near a deal to split control of the strait.

The Economic Times

US working to establish safe shipping route through Strait of Hormuz, Vance says 'we don't trust' Iran

US-Iran war news: The United States is pushing for secure passage for commercial vessels through the Strait of Hormuz. Meanwhile, Iran and Oman are in talks to establish a temporary shipping lane for oil transport. However, the U.S. remains doubtful about Iran's commitments to maritime safety. Both countries aim for…

The Economic Times

Netanyahu's remarks 'gratuitous' as India not backing war against Iran: Former diplomat on PM Modi-Netanyahu call

"The West Asia crisis has reached a fork point. The choices between various stakeholders are to continue with escalation or to taper it down and negotiate a settlement. For the moment, it appears that the escalation ladder is broken. Hopefully, the negotiations between Oman and Iran over the terms of…

Barchart

Uncertainty Over Reopening of Strait of Hormuz Lifts Crude Prices

September WTI crude oil (CLU26 ) closed up +0.89 (+1.15%) on Friday, and September RBOB gasoline (RBU26 ) closed up +0.0468 (+1.59%). Crude oil and gasoline prices settled higher on Friday, supported by a decline in the dollar ($DXY ) to a 7-week low. Also, uncertainty regarding a proposed plan...

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Barchart

Crude Prices Gain as Talks Continue to Reopen the Strait of Hormuz

September WTI crude oil (CLU26 ) is up +0.76 (+0.98%) today, and September RBOB gasoline (RBU26 ) is up +0.0542 (+1.84%). Crude oil and gasoline prices are moving higher today, supported by a decline in the dollar ($DXY ) to a 7-week low. Also, uncertainty regarding a proposed plan by...

Fortune

The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control: ‘The concession has already been made’

“[The] U.S. accepting Iranian control of the strait without explicitly acknowledging that control seems a likely endgame here.”

Bangkok Post

Oil extends gains and stocks mostly down on fresh Hormuz worries

HONG KONG - Oil prices extended gains and most stocks fell further on Friday amid fading optimism over a deal to reopen the Strait of Hormuz, as reports said Iran was planning to block US and Israeli ships from the waterway as part of a deal with Oman.

The Independent UK

Iran-US war latest: Tehran demands compensation from Trump to reopen Strait of Hormuz

Iran has warned the Strait will remain shut until the US meet six crucial conditions

Benzinga

Analyst Says Proposed Iran-Oman Deal May Have Just Dimmed Hopes for Lower Oil Prices, but National Average Gas Price Could Fall Below $4

GasBuddy analyst Patrick De Haan said reports of a potential Iran-Oman agreement to reopen the Strait of Hormuz with tolls are weighing on hopes for lower gasoline prices.

The Economic Times

Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talks

Shipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several Chinese and Indian refiners seek discounted crude oil from Iraq. However, shipowners remain wary of entering the waterway due to risks. Meanwhile, traffic through the…

The Economic Times

Oil rises on concerns over Strait of Hormuz reopening plans

Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78.84, skepticism grows regarding the restoration of standard…

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