Global stocks rise and oil price slips amid hopes of US-Iran peace deal - as it happened Rolling coverage of the latest economic and financial news The Guardian - UK · May 29
Hormuz exposes China's Indian Ocean vulnerability, new report A new report suggests China's maritime vulnerability begins at the Strait of Hormuz, not the Strait of Malacca, creating a strategic competition arena in the Indian Ocean. This region is re-emerging as a key theatre, with China's energy dependence exposing vulnerabilities to rivals like India, France, and the US. The Economic Times · May 29
Dire strait? Trump’s bid to end Iran war before midterms risks Republican anger Trump administration in a bind as it faces mounting economic costs ahead of midterms from Iran war The Guardian - US · May 28
Bigger proportion of non-Iran ships crossing Hormuz strait: Data The proportion of vessels not linked to Iranian ownership that are transiting the key Strait of Hormuz has risen, according to data from maritime firm Lloyd's List Intelligence shared Thursday. Adding to the uncertainty, Iranian forces have fired at four ships attempting to cross the Strait of Hormuz without authorisation,… The Economic Times · May 28
Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief. The Times of India · May 28
Merchant ships desert Strait of Hormuz amid renewed US strikes Commercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between the US and Iran intensified. Ship-tracking data showed no commercial vessels crossing the key oil chokepoint Thursday morning after only six two-way crossings on Wednesday. The Economic Times · May 28
IMEC, Indo-Pacific routes key to reducing Hormuz dependence: EY India is urged to diversify its trade routes and develop new corridors like IMEC and the Indo-Pacific route. This aims to lessen dependence on the Strait of Hormuz amid West Asia tensions. The nation must prepare for economic shocks by building strategic reserves and shifting towards green energy. The Economic Times · May 28
Why has Trump threatened to ‘blow up’ US ally Oman? Trump made the threat as he declared that ‘nobody’s going to control’ the Strait of Hormuz after the war The Independent UK · May 28
US and Iranian strikes the most serious since truce began TEHRAN - The United States and Iran traded strikes on Thursday in their most serious clash since an April ceasefire began, rattling ongoing efforts to negotiate an end to the war and open the vital Strait of Hormuz. Bangkok Post · May 28
A shadowy Oman-Iran plot provoked Trump’s “blow ’em up” threat US President Donald Trump has sent a stark message to the Sultanate of Oman, warning of potential military repercussions should it move forward with its financial alliance with Iran aimed at taxing ships in the crucial Strait of Hormuz. This development raises serious questions about Oman's historical position as a… The Economic Times · May 28
Hopes for peace deal fade as US and Iran exchange fire again US forces targeted Iranian drones near Bandar Abbas as the IRGC claimed it struck back at a US airbase, while Washington sanctioned Tehran's Hormuz toll authority and both sides published contradictory accounts of a possible deal. Euronews · May 28
Iran-US war latest: Deal to extend ceasefire and reopen Strait of Hormuz ‘just needs Trump signature’ Iranian media denied reports that a draft agreement of ceasefire extension is with Trump for approval The Independent UK · May 28
Copper hits one-week low as Middle East escalation clouds growth outlook Copper prices dropped to a one-week low on Thursday as renewed Middle East tensions boosted the dollar and oil, sparking inflation and slowdown fears. U.S. strikes targeting an Iranian drone operation in the Strait of Hormuz contributed to market unease. Base metal prices are expected to trade sideways pending a… The Economic Times · May 28
US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard… The Economic Times · May 28
The Guardian - US · May 27 Trump threatens to ‘blow up’ US ally Oman amid talks over strait of Hormuz US president calls on US ally to ‘behave … or else we’ll have to blow them up’ in casual aside during cabinet meeting
The Economic Times · May 27 US forces to withdraw from Iran's vicinity, lift naval blockade, says state media citing draft deal For India and other major energy importers, any agreement leading to normalisation in Hormuz traffic could ease concerns over supply disruptions and crude price volatility. The waterway remains one of the world’s most critical energy chokepoints, making developments in the negotiations closely watched by global markets.
The Economic Times · May 27 Oil Price Today (May 27): Crude oil hovers near $100 amid mixed cues on Iran war peace deal. What are experts saying? Brent crude prices remained volatile as U.S. strikes in southern Iran and mixed signals from President Trump over talks with Tehran kept traders cautious. Disruptions through the Strait of Hormuz are increasing pressure on the global oil market, with inventories declining and potential production losses mounting.
The Mary Sue · May 26 Trump’s ‘Nice’ Peace Talks With Iran Blew Up After US Struck Missile Sites. Now, Tehran Vows a Response Iran could further stall shipping in Hormuz, launch cyberattacks on U.S. infrastructure, or target U.S. allies.
The Conversation · May 26 Methanol, pistachios and cement: the other Iranian exports being choked by the war The war between Iran, the US and Israel has escalated into a major global crisis, with consequences that are reaching far beyond the Middle East. The closure of the Strait of Hormuz, through which around 25% of the world’s oil ordinarily passes, has rattled global energy markets.
The Guardian - UK · May 26 Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’ Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in ‘endless loop’
Radio France Internationale · May 26 UK prepares mine-sweeper for Hormuz as part of wider Franco-British coalition The United Kingdom is preparing a mine-sweeping mission to help reopen the Strait of Hormuz, as part of a wider Franco-British coalition that would move in once a peace deal ends the Iran war and commercial shipping returns.
The Economic Times · May 26 Oil Price Today (May 26): Crude oil nears $100 as US strikes southern Iran. What are experts saying? Oil prices saw a jump on Tuesday. This followed U.S. military strikes in southern Iran. Tensions remain high as a deal to end the conflict appears uncertain. Iran has disrupted shipping through the Strait of Hormuz, impacting global energy flows. Discussions are ongoing for a potential agreement. Analysts warn of…
PC Gamer · May 25 I solved the Strait of Hormuz crisis with videogames, simply by creating an even bigger Strait of Hormuz crisis Put me in for the FIFA peace prize.
France 24 · May 25 Possible Iran-US deal: What we know about the key issues on both sides The United States and Iran have downplayed prospects for a rapid deal to end the Middle East war, despite signs of progress in talks. Key sticking points remain over Iran’s nuclear programme, control of the Strait of Hormuz, sanctions relief and a possible ceasefire in Lebanon, with both sides signalling…
The Economic Times · May 25 BPCL, HPCL and IOC shares soar up to 6%. Here are two big triggers Indian oil stocks surged as crude oil prices dropped to a two-week low, driven by progress in US-Iran peace talks. This optimism, coupled with a recent fuel price hike, boosted shares of HPCL, IOC, and BPCL. Analysts, however, caution that full market normalization could take months.