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EXPLAINED: Strait of hormuz | Rare Historical Photos

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices gain after renewed US-Iran strikes and Strait of Hormuz disruption

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices increased after renewed attacks involving the United States and Iran raised concerns over energy supplies through the Strait of Hormuz. Brent crude futures and US WTI crude moved higher…

The Economic Times

Trump Warns He Will 'Complete the Job' as Fragile US-Iran Ceasefire Crumbles After Just 11 Days

The US and Iran are holding emergency talks in Qatar to salvage a fragile ceasefire, as tensions over the Strait of Hormuz escalate following renewed military strikes.

International Business Times UK

US, Iran agree to halt attacks after counter-strikes; Qatar to host Hormuz talks on Tuesday

Amidst escalating tensions, the United States and Iran have agreed to a ceasefire and will resume talks in Doha, Qatar, to de-escalate the dispute over the Strait of Hormuz. Following days of military exchanges, both nations will halt counter-strikes, allowing vessels to navigate freely. The discussions aim to resolve differing…

The Times of India

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Strait of Hormuz open or close, Iran-US deal to collapse anytime? Tehran strikes against vital American bases in Kuwait, Bahrain, U. S attack multiple Iranian military targets

Strait of Hormuz: Iran has been insisting on controlling passage through the vital strait, through which a fifth of the world's oil and liquefied natural gas travel in normal times, something it did not have before the war.

The Economic Times

Iran FM Araghchi warns any challenge to Hormuz strait will 'increase tensions'

Iran's Foreign Minister Abbas Araghchi cautioned on Sunday that any disruption to Tehran's control over the vital Strait of Hormuz would escalate tensions, even amidst ongoing peace talks. Speaking in Baghdad, he urged all parties to respect the existing memorandum of understanding, warning that deviations would complicate efforts to reopen…

The Economic Times

Asia's vendors grapple with rising costs of ever-present plastics

Rising plastic costs: Asian food vendors are struggling with soaring plastic costs, a direct consequence of the Middle East energy crisis. Despite a US-Iran deal, supply chain disruptions persist, particularly concerning the Strait of Hormuz. Vendors in Taipei and Bangkok report significant price hikes for essential items like bags and…

The Economic Times

Pakistan hikes petroleum levy on petrol, diesel; keeps retail prices unchanged

Pakistan's government has increased the petroleum levy on petrol and diesel, keeping retail prices steady despite falling international oil rates. Consumers will continue paying the same for petrol and diesel, while kerosene prices have been reduced. This move boosts government revenue as global oil prices hit pre-war lows following a…

The Economic Times

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US-Iran conflict escalates: Tehran hits back with 'crushing response' after Trump's fresh strikes — key developments

A fragile US-Iran ceasefire shattered following fresh military strikes after an oil tanker attack in the Strait of Hormuz. The US targeted Iranian military infrastructure, accusing Tehran of a drone strike. Iran retaliated with missiles and drones at US bases in Bahrain and Kuwait, warning of further action. This escalation…

The Times of India

Trump threatens to annihilate Iran after new exchange of attacks

Trump issued a stark warning to Iran, saying the nation would cease to exist if forced back into war, following US strikes on Iranian targets. These retaliatory actions, aimed at Iranian missile and drone sites, were in response to attacks on shipping in the Strait of Hormuz.

The Economic Times

US-Iran war: UKMTO says ship hit by projectile within Strait of Hormuz

US-Iran war news: A tanker in the Strait of Hormuz reported being struck by an "unidentified projectile," according to the UKMTO. This incident follows US strikes on Iran in retaliation for an earlier drone attack on a cargo ship. Both nations have issued warnings, with the US emphasizing adherence to…

The Economic Times

Watch: US releases footage of retaliatory strikes on Iran military sites

The US Central Command on Saturday released the footage of strikes on Iran's military strikes, which it conducted in "retaliation" to attack on a commercial ship transitting Strait of Hormuz.

The Times of India

Trump unleashes new strikes on Iran after ‘foolish’ Strait of Hormuz ceasefire violation

IN FULL

The Independent UK

'Foolish violation of ceasefire deal': Trump says Iran hit cargo ship in Hormuz

US President Donald Trump condemned alleged Iranian drone attacks on ships in the Strait of Hormuz, calling them a "foolish violation of our Ceasefire Agreement." Iran's IRGC Navy asserted control over transit routes, warning vessels to follow Tehran's directives. This follows technical talks between the US and Iran aimed at…

The Times of India

Trump calls Iran drone strike a ‘foolish violation’ of ceasefire agreement after attack in Strait of Hormuz

President Donald Trump has called an attack on a ship in the Strait of Hormuz a “foolish violation” of the United States’ ceasefire agreement with Iran.

The Independent UK

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The Economic Times

Iran's Trump card: The risk premium hasn't gone. It just changed shape

A recent attack on a commercial vessel near the Strait of Hormuz signals a shift from fears of outright war to prolonged uncertainty. Iran's response suggests a move from threatening a complete blockade to asserting control and demanding recognition for its role in regulating shipping. This highlights a new risk…

The Independent UK

Iran strikes cargo ship in Strait of Hormuz

IN FULL

The Independent UK

Iran-US war latest: Trump and Tehran agree to halt attacks after exchanging strikes over Strait of Hormuz

Iran and the US traded attacks in the Gulf in recent days as each accused the other of violating an interim ceasefire deal

France 24

US wants Iran deal but 'not at any price', Rubio says

US Secretary of State Marco Rubio said on Thursday Washington would not accept any Iran deal allowing Tehran to impose fees on shipping through the Strait of Hormuz, warning it would cause "total chaos". His remarks came after an attack on a vessel forced the United Nations to suspend mariner…

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The Economic Times

Rubio warns Hormuz tolls would 'spread like contagion' to other waterways

US Secretary of State Marco Rubio warned that imposing tolls on ships in the Strait of Hormuz would lead to "total chaos," a stance reiterated by Oman which stated no fees would be levied. Iran, however, insisted on its authorization for passage and appeared to criticize Oman's new shipping route.…

The Economic Times

Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&P

S&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply normalisation. While a US-Iran MoU is constructive, unresolved issues persist. Delays in pre-conflict flows could keep energy and input costs elevated, impacting sectors like petrochemicals and agriculture, with South…

The Independent UK

Stoic Warrior oil tanker navigates the Strait of Hormuz despite Iran threats

The Stoic Warrior took off early Thursday morning on a trip that saw it hug the coast of the United Arab Emirates and then Oman

France 24

Iran-US technical talks to be held in Switzerland by end of June, Rubio says

US Secretary of State Marco Rubio said during his tour of Gulf countries Wednesday that he believed technical talks between the United States and Iran would resume on June 29 or 30 in Switzerland. Earlier Israel’s Defence Minister Israel Katz said Israel would not withdraw from south Lebanon, even under…

Evening Standard

Top US diplomat echoes British demand for toll-free Strait of Hormuz waterway

Uncertainty continues to hang over the strategic Gulf sea route, which remains a flashpoint in talks between the US and Iran.

The Economic Times

Rubio says US will not accept Iranian tolls on Hormuz

US Secretary of State Marco Rubio firmly stated that Washington will not permit any tolls on the Strait of Hormuz, an international waterway. This comes as Iran and Oman announced they would study administration and costs for the route, asserting sovereignty. Meanwhile, the UN is set to evacuate over 11,000…

Barchart

Crude Oil Prices Fall as Oil Supplies Flow Through the Strait of Hormuz

August WTI crude oil (CLQ26 ) today is down -0.67 (-0.91%), and August RBOB gasoline (RBQ26 ) is down -0.0534 (-1.85%). Crude oil and gasoline prices are under pressure today, with crude oil falling to a 3.5-month low. Today’s rally in the dollar index ($DXY ) to a 13-month high...

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