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'Trump Strait': US President shares new map of Hormuz after rejecting Iran's 7-day ceasefire offer

Donald Trump has dismissed Iran's offer to restore maritime passage through the Strait of Hormuz within a week. Iranian Foreign Minister Abbas Araghchi linked the reopening of the strait to several conditions, including sanctions relief. Trump previously suggested that the strait could become US territory due to naval control, reinforcing…

The Economic Times · Sep 26

Oil prices slide about 2% as US, Iran explore path out of war

Oil prices have dropped roughly 2%, influenced by signs of diplomatic advancement between the US and Iran concerning the Strait of Hormuz. As negotiations unfold, the US is contemplating a ban on diesel exports, impacting crude oil futures. Meanwhile, escalating assaults by Houthi fighters are hindering oil supply from Saudi…

The Economic Times · Sep 26

‘Trump Strait’: US President renames Hormuz after rejecting 7-day ceasefire offer

Donald Trump stirred controversy by renaming the Strait of Hormuz to 'Trump Strait' in response to Iran's rejected offer. Iran’s foreign minister warned that normal maritime traffic could be restored in seven days if the US accedes to certain demands. Trump voiced distrust in that possibility, suggesting a potential military…

The Times of India · Sep 26

Iran offers 7-day plan to reopen Hormuz: What’s in the proposal

Iran has offered the United States a seven-day plan to reopen the strategic Strait of Hormuz and resume stalled talks on its nuclear programme, with foreign minister Abbas Araghchi saying the next move now rests with Washington.

The Times of India · Sep 25

Bond Yields Keep Climbing. Stocks Rose Anyway And The Major Indexes Closed a Winning Week.

Elsewhere, oil retreated after reports regarding negotiations between the U.S. and Iran to reopen the Strait of Hormuz and higher Saudi exports.

International Business Times · Sep 25

Crude Prices Fall Sharply in Hopes of a Deal to Reopen Hormuz

November WTI crude oil (CLX26 ) closed down -2.20 (-2.33%) on Friday, and November RBOB gasoline (RBX26 ) closed down -0.1455 (-4.37%). Crude oil and gasoline prices sold off on Friday in hopes that negotiations between the US and Iran will lead to a deal to reopen the Strait of...

Barchart · Sep 25

Iran proposes plan to US to reopen Hormuz in seven days and end the war

Iran’s foreign minister has proposed a seven-day roadmap to Washington by which Iran would reopen the Strait of Hormuz within seven days if the US lifts its naval blockade, together with other conditions aimed at ending the war.

Euronews · Sep 25

Crude Prices Slip in Hopes of Diplomacy Reopening the Strait of Hormuz

November WTI crude oil (CLX26 ) is down -0.58 (-0.61%) today, and November RBOB gasoline (RBX26 ) is down -0.0826 (-2.48%). Crude oil and gasoline prices are sliding today in hopes that negotiations between the US and Iran will lead to a deal to reopen the Strait of Hormuz. Weakness...

Barchart · Sep 25

Xbox controllers can operate these weapons: US deploys high-energy systems in Strait of Hormuz to counter drones & missiles

Xbox-style controllers to operate laser weapons: US military is deploying high-energy laser weapons in the Strait of Hormuz to counter drones and other aerial threats, with soldiers reportedly operating the systems using reconfigured Xbox-style controllers, according to The New York Post. The systems use concentrated beams of energy to disable…

The Economic Times · Sep 25

Global Market: VLCC rates hit record as Saudi crude flows jump

Saudi Arabia’s increased crude shipments through the Strait of Hormuz have pushed ship-to-ship transfer operations in the Gulf of Oman to capacity, tightening tanker availability, lifting freight rates and complicating crude flows to Asian refineries.

The Economic Times · Sep 25