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UNCOVERED: The strait of hormuz - The Untold Story

Global Market: South Korean stocks fall over 1% as Middle East tensions weigh on risk sentiment

South Korean shares fell over 1% on Thursday as escalating Middle East tensions and attacks near the Strait of Hormuz weighed on investor sentiment. The KOSPI declined 1.37%, with major technology and heavyweight stocks including Samsung Electronics, SK Hynix and Samsung BioLogics falling, while foreign investors remained net sellers.

The Economic Times

Suez Canal revival gathers pace as Hormuz crisis reroutes ships

The Suez Canal experienced a striking 42% increase in revenue during July, attributed to the rerouting of maritime traffic caused by the closure of the Strait of Hormuz and ongoing Houthi threats. More than 1,300 vessels passed through, significantly up from the previous year.

The Economic Times

Trump doubles down on 'Trump Strait' plan for Hormuz, says Iran will be 'thrilled'

President Trump suggested renaming the Strait of Hormuz to Trump Strait. He stated Iran's leadership would be thrilled by this significant move. Washington will not permit Tehran to acquire a nuclear weapon, he affirmed. The US is currently winning the war with Iran, according to Trump. He also highlighted America's…

The Economic Times

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Oil Price Today (September 10): Crude oil at $101 as Iran attack on 10 ships raises supply fears. $120 in sight?

On Thursday, oil prices surged above one hundred dollars per barrel as traders evaluated the risks associated with supply disruptions stemming from recent shipping attacks. Iran has claimed responsibility for targeting ten vessels after the United States destroyed five tankers. Market analysts warn that if tensions continue in the contested…

The Economic Times

From ‘Trump Strait’ to $5k for every voter: MAGA boss makes big midterm pitch

US President Donald Trump turned the Republican Party’s first-ever midterm convention into a sweeping campaign pitch on Wednesday, urging voters to back the GOP in 2026 and promising a $5,000 payment to every adult American if Republicans retain control of both chambers of Congress.

The Times of India

Trump says oil prices that spiked because of Iran war likely won't come down until after midterms

US President Trump believes oil prices will decrease after the upcoming US midterm elections. He suggests Iran's actions aim to influence these crucial American elections. The ongoing conflict has significantly impacted oil movement through the Strait of Hormuz. US gasoline and diesel prices have risen sharply, affecting consumers and businesses.…

The Economic Times

Iran attacks 10 ships near Strait of Hormuz in response to US strikes, oil prices surge

Iran attacked ten ships near the Strait of Hormuz after the United States sank five Iranian oil tankers. This escalation caused benchmark Brent crude futures to surge past one hundred dollars a barrel. The United States military released video showing Iranian tankers ablaze before they sank overnight. Iran stated it…

The Economic Times

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Iran and US strike tankers in biggest shipping attack since war began

Iran and the US on Wednesday traded their biggest wave of attacks on shipping since the war began, with Iran saying it struck 10 vessels near the Strait of Hormuz after US forces sank five Iranian oil tankers. Brent crude oil surged above $100 a barrel as fears grew over…

France 24

US stocks today: US stocks slide as oil tops $100, stoking fresh inflation fears

US stocks slipped as Brent crude climbed above $100 a barrel amid escalating US-Iran tensions and disruptions to oil shipments through the Strait of Hormuz. Rising fuel costs are renewing inflation concerns ahead of key US inflation data and complicating the Federal Reserve's interest-rate decision next week.

The Economic Times

Yemen's Houthi rebels say Saudi-backed forces launched airstrikes, and other key Mideast news

The Iran-backed Houthi rebels in Yemen say that Saudi-backed forces have launched dozens of airstrikes across four provinces

The Independent UK

Oil surges past $100 a barrel again as US-Iran clashes intensify

Brent crude has shot up to above $100 a barrel after US forces destroyed five Iranian tankers and Tehran responded with missile strikes on Jordan, the latest escalation in the conflict that has kept the Strait of Hormuz largely shut since February.

Euronews

$Shipping nations warn global trade is fracturing — and everyone pays$

Shipping nations warn global trade is fracturing — and everyone pays

The Strait of Hormuz, which Iran effectively shuttered after the US and Israel launched strikes against it in February, is a stark example of the global consequences of a regional conflict.

The Economic Times

US destroys 5 Iranian crude oil tankers following attacks on navy warship

United States forces said it targeted and destroyed five Iranian oil tankers, sharply escalating tensions. In retaliation, Iran fired missiles toward American positions in Jordan, though the majority were intercepted by Jordan's air defence systems. Adding to the conflict, the U.S. government enacted new sanctions on Iran's aviation sector, heightening…

The Economic Times

Iran seizes US submarine drone, Houthis hit four Saudi cities

The escalation of hostilities in the region bordering Yemen is already deepening worries about additional supply disruptions as energy shipments through the Strait of Hormuz remain restricted. Brent was trading at $97.7 at 8:26 PM on Tuesday. Earlier in the day, it reached $99.46, the highest since July 24.

The Economic Times

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The Independent UK

Energy prices could soar even higher, Bank of England boss admits in cost of living warning

Andrew Bailey told MPs that energy prices ‘could be higher still’ as disruption in the Strait of Hormuz continues

The Economic Times

Oil’s $100 nightmare is back as worst-case scenario is taking shape

Houthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impacting oil flows. The Strait of Hormuz remains impaired, creating a dual threat to global supply. This situation makes significantly lower oil prices before late 2026 increasingly unlikely. Oil prices may potentially…

The Conversation

Iran war: Tehran’s assertive rhetoric signals a new and dangerous phase in conflict

Iran’s threat to target American warships with an enhanced ballistic missile appears to mark a new and potentially more dangerous phase of the Middle East conflict, six months in. Tehran says its solid-fuel Qassem Basir missile enables it to “take action against any threat, even before it is carried out”.…

Euronews

What's in a name? Trump suggests renaming New Mexico state 'New America'

Trump last week suggested renaming the Strait of Hormuz as "Trump Strait" as the war with Iran continues, then hours later implied he was not serious about the plan.

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The Independent UK

Iran-US war latest: Trump says conflict won’t end until after November midterm elections

Trump says US could strike Pickaxe Mountain after construction activity seen at deeply buried complex

The Times of India

'Strike our assets & you get struck': Iran threatens US energy assets in Gulf after latest clashes

Iran has threatened to retaliate against any new US attacks on its assets, warning that American oil and gas interests and energy infrastructure across the Gulf could be targeted as tensions escalate over the Strait of Hormuz.

The Economic Times

Hormuz traffic slows after Iran threatens retaliation for US attacks

In light of Iran's warnings about possible retaliation against US actions, shipping traffic in the Strait of Hormuz has noticeably slowed. Conversely, an increase in vessel movement through the Bab el-Mandeb strait has been recorded. Additionally, it appears that some ships may be sailing without their transponders activated, which could…

The Economic Times

Why isn't oil above $100 despite supply disruptions?

Global oil prices remain below one hundred dollars per barrel. Significant volumes continue to flow through the Strait of Hormuz. Gulf exporters utilize alternative routes and means to mitigate shortfalls. Other producers are stepping up output to fill supply gaps. Demand destruction in petrochemicals and fuels remains substantial.

The Economic Times

Oil Price Today (September 8): Crude oil at $97 as simmering tensions raise supply worries. Experts weigh in

Oil prices soared on Tuesday due to escalating fears surrounding conflicts in the Middle East. Iran's threats of retaliation have raised alarms over potential disruptions in crude supplies. With projections indicating substantial price hikes if the Strait of Hormuz sees blockages, JPMorgan predicts increased Brent prices, while Goldman Sachs alerts…

The Economic Times

US redirects 94 vessels as Iran warns of maritime exclusion zone in Gulf

US forces intensified a maritime blockade in the Arabian Sea, boarding and redirecting commercial vessels. Iran's top security official warned of a recalibrated military posture and a Persian Gulf exclusion zone. This action follows Iran's alleged missile tests and threats regarding the Strait of Hormuz. US CENTCOM previously struck Iranian…

The Economic Times

Brent crude oil price nears $100 as attacks on tankers threaten to worsen supply shock

Oil prices climbed to a six-week high as US-Iran attacks on commercial vessels disrupted Strait of Hormuz shipping. Falling tanker traffic has heightened fears of a supply shock, with Goldman Sachs warning crude could reach $120 if attacks intensify.

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