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REVEALED: 12 | Vintage Vibes

Hormuz closed again: Will the US-Iran MoU soon sink in the strait?

Iran has closed the Strait of Hormuz, citing Israeli actions in Lebanon, a move that plunged a new US-Iran deal into crisis. The agreement aimed to freeze multiple conflicts, including Lebanon, in exchange for sanctions relief. Iran's actions suggest a strategy of exerting pressure for concessions rather than abandoning the…

The Economic Times

US-Iran talks to begin Sunday in Switzerland as Tehran closes the strait over Lebanon fighting

Iran has closed the Strait of Hormuz again, citing Israeli attacks in Lebanon and U.S. "bad faith" in their interim agreement on the war

AAP

US military 'vigilant' after Iran announces Hormuz closure

The US military said Saturday it remained "present and vigilant" in the Strait of Hormuz, shortly after Iran announced it was closing the critical shipping lane. "US forces remain present and vigilant to ensure all aspects of the agreement with Iran are adhered to, obeyed, and in full force and…

The Economic Times

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US-Iran talks to begin Sunday in Switzerland but Tehran closes the strait over Lebanon fighting

Iran has closed the Strait of Hormuz again, citing Israeli attacks in Lebanon and U.S. "bad faith" in their interim agreement on the war

AAP

Pakistan says technical-level Iran-US talks on interim deal will begin Sunday in Switzerland

Pakistan announced technical talks between Iran and the US on their interim deal will commence in Switzerland, with Qatar mediating. This comes as Iran, angered by Israeli attacks in Lebanon, declared the Strait of Hormuz closed again and expressed skepticism about the upcoming negotiations. The ongoing conflict in Lebanon, which…

The Economic Times

Iran closes Hormuz Strait again over Israel attacks on Lebanon that killed over 20

Before the closure, ships seeking passage through the strait while the interim agreement remained in force were required to submit transit requests at least 48 hours before arrival. Meanwhile, United States vice president JD Vance said he was confident the ceasefire could hold, adding that there was no evidence Iran…

The Times of India

Iran's military command says Strait of Hormuz is closed again, citing Israeli attacks in Lebanon

Iran's joint military command says the Strait of Hormuz has been closed again, citing Israeli attacks in Lebanon and U.S. "bad faith" and "its clear breach of its commitments" by failing to end the war

AAP

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Iran shuts the doors to Strait of Hormuz; alleges US, Israeli violations of ceasefire MOU

Iran has declared the Strait of Hormuz closed, citing alleged violations of a recent Middle East war ceasefire by the US and Israel. This move, described as a "first step" by Iran's military, signals potential further action if perceived aggression persists. The announcement precedes crucial talks between Iranian and US…

The Economic Times

Why Lawmakers on Both Sides of the Aisle Are Calling Donald Trump's Iran Deal a 'Political Disaster'

Donald Trump's Iran deal faces backlash as Iran's Revolutionary Guards keep the Strait of Hormuz closed, defying agreement terms and complicating diplomatic efforts.

International Business Times UK

Iraq projects oil production to return to pre-war levels within two months

Iraq anticipates a swift return to pre-war oil production levels within two months, following a recent US-Iran deal that eased the Strait of Hormuz blockade. The conflict had severely impacted exports, forcing production cuts. As shipments resume through the vital waterway, Iraq's oil ministry is optimistic about restoring its significant…

The Economic Times

New regime over Hormuz? How Iran seeks to tighten control after US peace deal

Iran's new Strait Authority is mandating insurance for ships in the Strait of Hormuz, raising fears of future passage fees. While currently free, this move follows a 60-day interim agreement to restore traffic. Observers suggest Iran is establishing a new regulatory framework, potentially challenging international maritime law. Discussions with Oman…

The Times of India

Iran demands ships apply to use Strait of Hormuz in snub to UK and G7 allies

Tehran’s Persian Gulf Strait Authority says vessels have to request passage through the strategic waterway.

Evening Standard

Oil Tanker Traffic Through Strait Of Hormuz Climbs After US-Iran Deal Reopens Key Shipping Route

Iranian oil tankers that went dark during the conflict have resumed transmitting their locations as crude exports begin moving again.

International Business Times

RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes

India faces significant economic risks from the West Asia conflict, including potential disruptions to oil and fertilizer imports via the Strait of Hormuz and reduced remittances from the Gulf. El Niño-induced monsoon failures also pose a threat to agriculture. Despite these vulnerabilities, the nation's strong foreign exchange reserves and fiscal…

The Economic Times

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The Economic Times

At the gates of Hormuz, 80 million barrels of oil are on standby

Large volumes of crude oil are waiting in the Persian Gulf and are ready to move through the Strait of Hormuz if shipping activity resumes following an interim US-Iran agreement aimed at restoring transit in the waterway.

The Times of India

'Haven't learnt that lesson yet': Donald Trump denies limits to his power after Iran war

President Trump declared no limits to U.S. power after a peace agreement with Iran, digitally signed to end hostilities and reopen the Strait of Hormuz. Despite critics noting a retreat from initial demands, Trump insisted the deal represented a military victory and demonstrated American strength, not limitations.

Fortune

The U.S. and Iran have signed a peace deal. How long will it take for oil flows in Asia to return to normal?

Even with the Strait of Hormuz open, it will take months for oil flows and prices to return to pre-war levels.

The Economic Times

Indian refiners sitting on enough crude, in no rush to resume purchases from West Asia

India's state-run refiners have secured enough crude for two months. They are not rushing to buy from the Middle East even if the Strait of Hormuz reopens. Suppliers have asked them to resume contractual volumes. Refiners have not yet committed. India's imports from the Middle East fell significantly in the…

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The Independent UK

Iran-US war latest: Trump warns Tehran ‘we will take over your country’ if the Strait of Hormuz is closed

US president’s threats come as Vance joins other US officials in Zurich to hammer out peace deal terms with a battery of Tehran's leaders

The Economic Times

Iran-US sign 14-point deal at Versailles: In 1919, the same place hosted a treaty after World War I that created conditions for World War II

Iran-US Deal: US President Donald Trump and Iranian President Masoud Pezeshkian signed a 14-point Memorandum of Understanding at France's Palace of Versailles, aiming to end hostilities and setting a 60-day negotiation timeline. The agreement includes commitments on military operations, the Strait of Hormuz, Iran's nuclear program, and sanctions relief, marking…

The Times of India

Iran to start charging fee in Strait of Hormuz after 60-day negotiation window: Report

Iran plans maritime transit fees for the Strait of Hormuz post-US agreement, despite ongoing regional tensions. Israel reaffirms its security zone in Lebanon and commitment to preventing Iran's nuclear ambitions. The US urges a ceasefire, while Iran seeks regional support for reconstruction. Economic recovery for Iran is expected to be…

The Economic Times

Oil Price Today (June 19): Crude oil falls, heads for 9% weekly loss as shipping in Hormuz Strait begins. What are experts saying?

Brent crude slipped toward $79 a barrel and is down more than 9% for the week. West Texas Intermediate for August was trading near $76 a barrel. This comes after tankers carrying previously stranded cargoes started moving through the waterway on Thursday, while Kuwait said it would begin increasing production.

The Economic Times

Oil falls as supply starts moving through Strait of Hormuz

Oil prices dipped Friday as tankers resumed passage through the Strait of Hormuz following a U.S.-Iran peace deal. The agreement is expected to release millions of barrels of oil and lift sanctions, increasing global supply. While some producers are ready to resume exports, ongoing conflict in Lebanon casts doubt on…

The Economic Times

Global Market Today: Asian stocks hit record highs, oil heads for weekly loss

Asian stocks reached a record high, fueled by optimism that the reopening of the Strait of Hormuz will normalize oil flows and ease inflation. This development, coupled with positive semiconductor news, boosted investor confidence. Lower energy costs are also easing concerns about future interest rate hikes.

Bangkok Post

Business sector welcomes Iran pact

Businesses and economists took a deep breath after the US and Iran signed off on a deal to end their war and reopen the Strait of Hormuz, lifting optimism as oil prices fell, which could ease inflation and support potential economic growth.

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