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SHOCKING: 2 | Mind Blowing Facts

From Missiles to Oil: Why Trump's Latest Iran Move Could Still Send Energy Prices Soaring

US President Trump's announcement ending the Iran agreement raises fears of Middle East conflict affecting global oil markets, with tanker traffic slowing in the Strait of Hormuz amid rising tensions

International Business Times UK

Trump agrees to talks with Iran after latest strikes but says ceasefire ‘over’

Earlier in the week, the US president branded the Tehran regime ‘scum’ and said it was ‘a waste of time’ dealing with it.

Evening Standard

Oil heads for weekly gain as Middle East supply risks persist

On Friday, oil prices saw a modest increase as they aimed for weekly gains. Renewed hostilities between the US and Iran have severely limited shipping activity in the Strait of Hormuz, leading to a virtual halt in tanker traffic. This disruption followed Iran's burial of its late supreme leader, Ayatollah…

The Economic Times

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Why Iran broke the ceasefire in the Strait of Hormuz and what might happen next – expert Q&A

The 60-day ceasefire signed by the US and Iran three weeks ago fell apart on July 8. Iran targeted vessels transiting the Strait of Hormuz without its say-so, prompting the US to respond with strikes against a range of military targets in the Islamic Republic.

The Conversation

The US can’t win with force in the Strait of Hormuz – Iran must be offered a realistic incentive to settle

Iranian attacks on Gulf vessels trying to transit via Omani sovereign waters have once again pulled the region into a tit-for-tat spiral of escalation.

The Conversation

Global Oil Demand To Drop For The First Time In More Than Five Years, IEA Says

Global oil demand is set to drop for the first time since 2020, according to the International Energy Agency as the war in Iran saw traffic through the Strait of Hormuz plummet.

International Business Times

Truce and fire: The ghost of Versailles haunts Trump. But is Iran overplaying its hand?

President Trump declared the June 17 ceasefire with Iran over, ordering fresh US strikes. Iran responded by targeting tankers in the Strait of Hormuz, escalating tensions. The conflict's tempo is now largely controlled by Iran's ability to disrupt oil shipments. Both sides face pressures, with neither in a decisive position…

The Times of India

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The U.S. And Iran Escalated Clashes This Week. Technical Talks Are Set To Continue Anyway

The U.S. and Iran are set to continue technical talks despite elevated tensions in the Strait of Hormuz, an official said.

International Business Times

Thai sailors attacked in Strait of Hormuz seek damages

The Labour Court on Friday accepted a petition from three Thai sailors seeking damages after a deadly attack on their cargo vessel in the Strait of Hormuz in March, during the US-Israeli war on Iran, their lawyer said.

Bangkok Post

Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says

Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.

Euronews

US To Continue ‘Technical Talks’ With Iran Even After Trump Declares Ceasefire ‘Over’ and Questions Tehran’s Intentions: Report

The United States will continue talks with Iran and remains committed to finding a resolution, even after the two countries traded strikes this week and President Donald Trump declared their ceasefire "over."

Benzinga

Global Market: IEA sees global oil demand recovering as Strait of Hormuz flows resume

Global oil demand is showing signs of recovery as shipments through the Strait of Hormuz resume and crude prices ease, the International Energy Agency (IEA) said. While the agency raised its demand outlook slightly, it cautioned that consumption and production remain well below pre-conflict levels amid lingering Middle East tensions.

The Economic Times

Seafarers attacked in the Strait of Hormuz sue shipping company in Thailand

Three former crew members of a Thai cargo ship struck in the Strait of Hormuz in March have filed a lawsuit against the vessel’s operator

The Independent UK

Hormuz ship insurance demand drops as owners get nervous

London marine insurers report fewer transit inquiries for the Strait of Hormuz. Shipowners show growing caution as US and Iran exchange attacks.

The Economic Times

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The Economic Times

LNG tankers return to Strait of Hormuz despite renewed Middle East tensions

Liquefied natural gas tankers have resumed transiting the Strait of Hormuz recently. Twenty-two Japan-linked vessels exited the Gulf since Tuesday, Tokyo confirmed. This occurred despite renewed fighting and attacks on commercial shipping. Several ballast LNG tankers entered the strait in recent days. Japan-linked vessels in the Gulf have significantly decreased…

The Independent UK

Iran-US war latest: Strait of Hormuz closed indefinitely after US and Tehran trade fresh strikes

Iran says it destroyed US aircraft carrier support and refuelling platforms in Oman after Centcom claims it struck 140 military targets

Benzinga

CENTCOM Rejects Iran's Authority Over Strait of Hormuz, Says US Facilitated Transit of 800 Commercial Vessels Since May

The U.S. Central Command (CENTCOM) has dismissed Iran’s claim over the Strait of Hormuz, saying that it has facilitated the movement of several ships through the waterway since May this year.

The Economic Times

Oil Price Today (July 10): Crude oil up 6% this week as US and Iran continue attacks. Where are prices headed?

Even with Friday's decline, both crude benchmarks were set to end the week higher. Brent was on course to gain about 6%, while WTI was poised to rise nearly 5%.

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The Independent UK

Trump strikes Iran railway bridges on route to Khamenei’s funeral as ceasefire unravels

US president tries to force Iran’s hand with attacks but Tehran says it has final say on the Strait of Hormuz

The Economic Times

Trump’s Penrose stairs in Iran: Why ‘finishing the job’ is so hard

US President Trump's Iran strategy faces persistent challenges and limited strategic gains. Iran retains leverage through its ability to disrupt the Strait of Hormuz. Military strikes have not fundamentally altered Iranian behavior or political calculations. Escalation carries significant risks of wider retaliation and economic pressure. The current situation suggests a…

The Economic Times

Iran says it hits US military targets in Gulf, lays slain leader to rest

Iranian forces attacked U.S. military infrastructure in Gulf states on Thursday. These strikes followed U.S. attacks on Iran's southern and eastern provinces. The events put further strain on a three-week-old ceasefire agreement. Iran's Revolutionary Guards warned of a crushing response to further U.S. intervention. Oil prices fell as investors weighed…

The Times of India

Is Hormuz reopening or shutting down? Shipping data and IRGC claims don’t match

Oil tanker traffic through the Strait of Hormuz slowed significantly on Thursday. Renewed US airstrikes and Iranian retaliatory attacks heightened security concerns in the Gulf. Iran's IRGC Navy claimed the strategic waterway was secured and gradually reopening. Several vessels turned off tracking systems, limiting visibility of actual ship movements. Shipping…

The Economic Times

Oil tanker traffic through Hormuz at near standstill as attacks strain Iran truce

Oil tanker traffic through the Strait of Hormuz has nearly stopped. U.S. airstrikes on Iran triggered retaliation, escalating shipping risks significantly. Vessels are switching off tracking transponders, making navigation more difficult. One LNG tanker remains stranded after a projectile strike near Oman. Insurance firms are reviewing policy terms following recent…

The Independent UK

Inside Trump’s tense 24 hours in the White House that ended the Iran ceasefire

The repeated threat of strikes appears not to have deterred Iran from asserting itself in the Strait of Hormuz

The Independent UK

Why Trump desperately needs Nato’s help to get out of his mess in Iran

ANALYSIS: Despite launching a new wave of strikes, Washington knows that there is no military solution to break the deadlock in talks with Tehran. Daniel Keane argues that it is time for other countries to help Trump find a solution

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