What is happening in the Strait of Hormuz after Trump’s strange rant? IN FULL The Independent UK · Aug 26
Iran Accused The U.S. Of Blocking a Deal To Set Up a Safe Route Through Hormuz. Oil Is Dropping Anyway. Trump, on his end, said all mines in the waterway have been cleared. International Business Times · Aug 26
Iran, Oman reach deal on Strait of Hormuz, but reopening hinges on US conditions Iran and Oman reached an agreement on Strait of Hormuz control and revenues. The Revolutionary Guards stated the strait will not reopen without US acceptance. Shipping has largely halted, increasing global energy prices due to blockades. Iran blacklisted ships while the US increased economic pressure on Tehran. Oil prices eased… The Economic Times · Aug 26
US 'will achieve nothing' with its economic chokehold, Tehran says Pezeshkian's words of defiance came as Iran's deputy foreign minister said a deal with Oman would bar all military vessels from the Strait of Hormuz in an escalation of Tehran's demands that drew opposition from Washington, which has previously threatened to bomb Oman if it "gets in the way". Euronews · Aug 26
Iran and Oman Take Steps Towards Establishing a Shipping Route Through The Hormuz Strait Oman's Foreign Minister Sayyid Badr bin Hamad Albusaidi said talks in Tehran with Iranian Foreign Minister Abbas Araghchi had been constructive and expressed hope that an agreement on a temporary corridor could be announced soon. International Business Times · Aug 26
Iran warns of military ship ban in Hormuz under potential deal with Oman and other Middle East news Iran will not allow military vessels to transit through the Strait of Hormuz if the agreement the Islamic Republic is negotiating with Oman is finalized The Independent UK · Aug 26
There's a deal on the table to reopen the Strait of Hormuz, but Trump isn’t part of it—yet Everything you need to know before you reach the office this morning. Fortune · Aug 26
India, China can help resolve West Asia conflict: Hillary Clinton Former US Secretary of State Hillary Clinton said India and China could play key roles in resolving the West Asia conflict because of their energy ties with Iran. She said diplomatic pressure from major buyers, particularly China, could help push Tehran towards reopening the Strait of Hormuz. The Economic Times · Aug 26
Global Market: European shares edge higher as oil prices fall, Nvidia earnings in focus European shares edged higher as falling oil prices eased bond yields and supported equities, while investors awaited Nvidia’s quarterly results and fresh US inflation data. The STOXX 600 gained 0.1%, with basic resources leading gains, even as energy stocks lagged amid hopes of a reopening of the Strait of Hormuz. The Economic Times · Aug 26
Trump says he believes Iran’s leader is still alive but 'seriously wounded' President Donald Trump on Wednesday said he believes Iran’s Supreme Leader Mojtaba Khamenei is “very seriously wounded”, but not dead. Khamenei has not been seen in public since the US and Israel launched the Iran war in February, prompting months of speculation over the new Iranian leader’s health. Follow our… France 24 · Aug 26
Iran-US war latest: Trump says Hormuz is a ‘very functioning Strait despite the odd rocket or drone’ in bizarre rant US president repeats claim that the vital oil waterway is open The Independent UK · Aug 26
Some Indian refiners, a global energy major plan to avoid Iran-blacklisted ships amid Hormuz risk Indian refiners and a global energy major will avoid Iran's blacklisted ships. This decision stems from security concerns over vessels crossing the Strait of Hormuz. Iran announced a blacklist of 45 ships for breaking its maritime rules. These actions escalate threats over the vital waterway for global energy supplies. The… The Economic Times · Aug 26
Asian shares mostly rise as oil prices fall and hope grows for AI Asian shares are mostly higher as investors keep an eye on the ongoing talks over reopening the Strait of Hormuz, which remains largely shut down because of the war in Iran The Independent UK · Aug 26
Sensex rises over 300 points; Nifty above 24,350 as oil prices slide. What lies ahead? On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following a resumption of talks with Iran. Both the Sensex and Nifty indices showed positive momentum, with broader market metrics also trending upward, reflecting a hopeful… The Economic Times · Aug 26
Euronews · Aug 26 Iran and Oman discuss temporary corridor in Strait or Hormuz Iran and Oman held talks in Tehran to discuss the management of traffic passing through the Strait of Hormuz, as well as a joint mine-clearing project. Further negotiations are expected to discuss a permanent solution.
The Economic Times · Aug 26 Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline? Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42. Both benchmarks had declined more than 3% on Tuesday.
The Economic Times · Aug 26 'Not open tomorrow': Iran FM Gharibabadi says temporary Oman route isn't Strait of Hormuz reopening Speaking in a television programme on Tuesday night, Gharibabadi said the understanding reached with Oman should not be interpreted as the reopening of the strait.
The Economic Times · Aug 26 US shifts Iran war strategy from fresh strikes to sanctions as Trump seeks to squeeze Tehran: Report The United States is implementing economic sanctions alongside a naval blockade aimed at Iran. These new measures specifically target cooperatives interacting with Tehran, striving to disrupt its funding sources. Recent military operations have dispelled maritime threats, reducing Iran's influence over global oil supplies, while oil ships are now navigating the…
The Economic Times · Aug 26 Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz Oil prices have dropped following the revival of discussions between Iran and Oman regarding the management of the Strait of Hormuz. The losses across both benchmarks highlight the market's reaction to navigation issues. Despite uncertainty gripping the market, some bargain buying has emerged, preventing further price decreases, while the U.S.…
The Economic Times · Aug 26 Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on Iran and Oman are discussing managing the Strait of Hormuz traffic. The United States is sending personnel back to Middle East diplomatic missions. U.S. sanctions threaten countries doing business with Iran. Oil prices fell as traders brushed off sanctions impact. Thousands have died in the conflict, with Iran's military capacity…
International Business Times UK · Aug 25 Oil Tanker Crippled by Mystery Projectile off Oman in Strait of Hormuz Amid Iran Sanctions War An oil tanker was disabled in the Strait of Hormuz after being hit by an unknown projectile, escalating tensions between the US and Iran and raising concerns over global energy supply routes.
Barchart · Aug 25 Crude Oil Prices Sharply Lower as Middle East Hostilities Subside October WTI crude oil (CLV26 ) closed down -2.65 (-3.12%) on Tuesday, and October RBOB gasoline (RBV26 ) closed down -0.0391 (-1.32%). Crude oil and gasoline prices settled sharply lower for a second day on Tuesday, falling to 1-week lows. Crude prices came under pressure on Tuesday after a news...
Fortune · Aug 25 ‘This is obviously a very, very lucrative business for them’: Somali pirates are back—the Iran war is keeping the US too busy to stop them Brett Erickson, a managing principal at Obsidian Risk Advisors, says Somali pirates have a lower risk of American retaliation because of resources in the Middle East.
Barchart · Aug 25 Crude Prices Tumble on Signs of Easing US-Iran Hostilities October WTI crude oil (CLV26 ) is down -2.55 (-3.00%) today, and October RBOB gasoline (RBV26 ) is down -0.0183 (-0.62%). Crude oil and gasoline prices added to Monday’s sharp losses, falling to 1-week lows today after a news report said the US would be returning diplomats to Middle East...
The Independent UK · Aug 25 Ship disabled by attack in Strait of Hormuz and other news from around the Middle East An oil tanker was disabled after being struck by an unknown projectile off Oman, underscoring shipping risks as Iran maintains tight control over the Strait of Hormuz