Hegseth estimates rising cost of Iran war now at $37.5bn – as it happened This blog is now closed The Guardian - AU · Jul 21
Almost 100 troops injured in recent weeks, Pentagon admits, as Iran launches reprisals on US allies Iran has attacked a tanker in the strait of Hormuz, forcing its crew to abandon the ship, after the US launched a tenth consecutive night of strikes The Guardian - AU · Jul 21
Iran says fighting 'full-scale war' with US Iran's president declared a full-scale war against the United States on Monday. Washington expanded its strikes across Iran, hitting cities and military bases. Iran responded with attacks in Bahrain, Jordan, and Syria, targeting military sites. Sailors abandoned a vessel after it was hit in the Strait of Hormuz. Diplomatic exchanges… The Economic Times · Jul 20
US strikes Iran for ninth consecutive day as more ships targeted in Strait of Hormuz The United States carried out a new wave of strikes in Iran on Monday as US deaths in the renewed fighting climbed to three and more ships came under attack in the strategic Strait of Hormuz. Iran responded by targeting US military assets in Bahrain, the home of the US… France 24 · Jul 20
US launches 10th round of strikes as Iran says it is in ‘full-scale war’ Diplomats say de-escalation talks continue as Trump vows retaliation over US soldier deaths The Guardian - UK · Jul 20
The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes in a few years as ships reject a U.S.-backed alternate route Goldman Sachs estimated that enough Mideast pipeline capacity could be added to insulate 75% of the pre-war Gulf exports by the end of 2028. Fortune · Jul 19
Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Amid the Iran war's shipping disruptions, tanker stocks Frontline and DHT Holdings have posted strong revenue growth as elevated rates boost VLCC operators despite market volatility. MarketBeat · Jul 19
Iraq And Syria Have Signed A Deal To Restore A Major Oil Pipeline. It Would Create An Alternative To The Strait Of Hormuz. The proposed project would restore the pipeline connecting the oil-rich city of Kirkuk in northern Iraq with Syria's Mediterranean coast. International Business Times · Jul 18
Starving and stranded in a war zone: The sailors living in fear of death in the Strait of Hormuz IN FOCUS: Iran has stepped up attacks on ships in the waterway, leading to the collapse of an interim US peace deal. The crisis is leaving seafarers spending months without food, medication and wages, Maira Butt reports The Independent UK · Jul 18
Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the Gulf region. Shipping routes face potential closure, impacting global oil flows and prices. Saudi Arabia has redirected significant crude exports to avoid the Strait… The Economic Times · Jul 18
US launches seventh night of Iran strikes as Hormuz conflict escalates Central Command says attacks were designed to ‘continue degrading Iranian military capabilities’ The Guardian - UK · Jul 17
Iran proves it can still inflict damage despite waves of US attacks Leaked US intelligence report concluded Iran retained 70% of missiles and launchers after 38-day spring campaign The Guardian - UK · Jul 17
Iran-linked tankers U-turn, zig-zag as US enforces blockade US sanctions on Iranian shipping have been reimposed, impacting tanker movements. Several Iran-linked tankers changed course in the Gulf of Oman and Arabian Sea. Ship tracking data shows diversions and zig-zagging patterns by these vessels. The US military has also taken action against non-compliant ships. Observable shipping activity through the… The Economic Times · Jul 17
Oil Producers Are Trying to Leave the Strait of Hormuz Behind. Iran Has Other Plans. Governments across the Gulf are accelerating pipeline construction after Iran and its regional allies intensified attacks on commercial shipping, but experts say pipelines remain exposed to military strikes from Tehran. International Business Times · Jul 17
The Economic Times · Jul 16 Dark ships and Oman transfers indicate Hormuz transits continue Ship-to-ship transfers are occurring off Oman's coast, indicating continued Strait of Hormuz transit. Satellite images show tankers off Fujairah and Sohar, key transfer points. Some vessels are now exiting the Gulf of Oman after recent Iranian attacks. Commercial traffic continues through Hormuz but at reduced levels. Operator caution persists, though…
The Economic Times · Jul 16 US-Iran conflict expands as oil shipping through Hormuz slows United States forces struck an oil tanker near Iran's Kharg Island terminal. Iran responded by launching missiles at United States military bases in Kuwait and Jordan. This military escalation has further weakened a fragile memorandum of understanding between the two nations. Commercial shipping through the Strait of Hormuz has slowed…
The Independent UK · Jul 16 Deadlock in the Strait of Hormuz: Shipping traffic collapses in a week as US and Iran step up attacks Oil prices have risen in response to the crisis as the vital shipping route becomes a battleground once again
The Economic Times · Jul 16 Iran warns Strait of Hormuz is a 'red line' and will resist until the end Iran vows to strike regional infrastructure if President Trump attacks its infrastructure. The US is targeting Iran's military capabilities while reimposing a naval blockade. Iran declared the Strait of Hormuz an inviolable red line for global oil shipments. Tehran warned neighbors against assisting US attacks, threatening retaliation. This escalation raises…
The Times of India · Jul 16 Iran eyes the Red Sea: How it can control the vital maritime chokepoint Iran has signalled that it could expand pressure beyond the Strait of Hormuz to another of the world's most critical maritime chokepoints, the Bab el-Mandeb Strait at the southern entrance to the Red Sea. The warning comes as disruptions in Hormuz continue to strain global energy markets and shipping.
The Guardian - AU · Jul 16 Iran reports fresh strikes near Qeshm Island and accuses US over ‘barbaric’ hospital attack – as it happened Iranian news agencies say a US missile hit island in strait of Hormuz, after foreign ministry said children’s cancer hospital in Ahvaz had to be evacuated
The Economic Times · Jul 16 Iran overplaying its hand on Hormuz? A new game has just begun in West Asia oil scene As nations surrounding Iran pour billions into new pipeline networks, the significance of the Strait of Hormuz as an oil transit route is rapidly declining. Forecasts suggest that by 2030, these overland alternatives will overshadow maritime transport through the strait. This will likely lead to a reduction in Iran's capacity…
The Guardian - AU · Jul 16 US attacks oil tanker in strait of Hormuz as strikes reported in Tehran US disables unladen oil tanker using Hellfire missiles in strait of Hormuz amid concerns strikes could spiral into open conflict
The Economic Times · Jul 16 Strait of Hormuz closure must end within weeks or global economy will suffer, IEA chief warns Global economic headwinds could emerge if Strait of Hormuz disruptions continue for weeks. Financial markets show anxiety over escalating conflict and its impact on energy shipments. Commercial shipping has sharply declined after vessels came under attack and blockades. The International Energy Agency warns of significant vulnerability for developing nations. The…
The Economic Times · Jul 16 Some ships refusing US-military guided Hormuz transits after attacks, sources say Shipping firms are avoiding a U.S. military transit route through the Strait of Hormuz. This avoidance stems from recent Iranian attacks on vessels and growing safety worries. The U.S. military has been guiding ships through the strait after attacks. However, shippers find the Omani route increasingly dangerous after several ship…
International Business Times UK · Jul 15 Iran War Hormuz Toll Could Trigger $136bn Global Chokepoint Scramble, Analysts Warn Iran's tolls on the Strait of Hormuz could set a precedent for other nations, potentially reshaping global trade costs and impacting consumer prices worldwide.