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Crude shipments through Hormuz at highest since war amid concerns over Iran exit demands

Crude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began. While demand, particularly in Asia, is driving this increase, overall traffic remains a fraction of pre-war levels. Concerns persist about the waterway's long-term stability, even as a UN evacuation…

The Economic Times

Oil falls to pre-war levels on rising Middle East supply

Oil prices have dropped to pre-Iran war levels as increased Middle Eastern supply overshadows demand worries. Flows through the Strait of Hormuz are nearing normalcy, boosting confidence despite ongoing demining efforts. Meanwhile, Iraq is contemplating leaving OPEC due to quota concerns, and Ukraine has targeted Russian oil facilities. These developments…

The Economic Times

Energy Secretary Chris Wright Says U.S. Military Escorts Prevent Iran From Closing Hormuz Strait

Energy Secretary Chris Wright said Iran no longer has the ability to close the Strait of Hormuz.

International Business Times

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Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&P

S&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply normalisation. While a US-Iran MoU is constructive, unresolved issues persist. Delays in pre-conflict flows could keep energy and input costs elevated, impacting sectors like petrochemicals and agriculture, with South…

The Economic Times

Stoic Warrior oil tanker navigates the Strait of Hormuz despite Iran threats

The Stoic Warrior took off early Thursday morning on a trip that saw it hug the coast of the United Arab Emirates and then Oman

The Independent UK

EU countries are bailing out fossil fuels instead of funding the green transition, Greenpeace warns

Spain leads EU energy crisis spending, but Greenpeace says blanket fuel subsidies are propping up fossil fuels at the planet's expense.

Euronews

Crude oil prices crash 42% from April’s $126 peak. More downside coming?

Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummeted 42% from their April peak, with Brent falling below $73 a barrel, signaling a return to pre-conflict levels

The Economic Times

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Trump Draws Red Line: No Final Iran Agreement If Tehran Charges Shipping Fees

President Trump firmly opposes Iran's proposal to charge shipping fees in the Strait of Hormuz, emphasising free passage as a critical condition in ongoing negotiations

International Business Times UK

Iran-US war latest: Tehran strikes ship in Strait of Hormuz as countries try to reopen oil route

The recent strike poses a threat to efforts to reopen the Strait

The Independent UK

IRGC Navy rejects new Strait of Hormuz route, warns of enforcement measures: Iranian Media

Iran's Revolutionary Guard Navy has issued a stern warning to vessels transiting the Strait of Hormuz, insisting on the use of only Iran-approved routes. This declaration follows Oman's announcement of a new, temporary maritime corridor in coordination with the International Maritime Organization. The IRGC stated that any passage outside designated…

The Economic Times

Hormuz confusion deepens as Iran and US clash over who controls it

Trump said Tehran had promised no tolls or charges in the strait, hours after Iran and Oman announced a joint permit system asserting their authority over the waterway. Rubio flew to Abu Dhabi to reassure Gulf allies, as analysts warned control over Hormuz would be a major strategic victory for…

Euronews

Oil Price Today (June 25): Crude oil erases Iran war gains as Hormuz traffic boosts supply. What are experts saying?

Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.

The Economic Times

30 India-bound ships cross Strait of Hormuz since Iran war began, 26 more await transit

Thirty ships bound for India have successfully navigated the Strait of Hormuz, a crucial route disrupted by recent geopolitical tensions. An additional 26 vessels are awaiting passage. Among those that transited, a significant portion carried vital energy supplies like LPG and LNG, alongside bulk cargo and crude oil. This development…

The Economic Times

Traffic flows through Hormuz continue to improve as IMO evacuation begins: Monitor

Traffic through the Strait of Hormuz is showing a marked improvement following a US-Iran agreement, with an average of 22 commodity ships daily since June 15, a significant rise from pre-agreement levels. New IMO evacuation routes are also facilitating the passage of vessels, with hopes of evacuating around 50 seafarers…

The Economic Times

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The Economic Times

Oil prices fall as tankers exit Strait of Hormuz

Oil prices are dropping significantly as tankers resume passage through the Strait of Hormuz following a preliminary peace accord between the US, Israel, and Iran. This easing of supply concerns has pushed prices towards pre-war levels, surprising many analysts. Despite ongoing demining efforts, the flow of oil is expected to…

The Economic Times

Dalal Street set for a positive start as GIFT Nifty trades higher

Indian markets bounced back strongly on Wednesday, with the Nifty closing over 24,000, fueled by renewed buying and falling energy prices. Brent crude dipped, easing concerns about the Strait of Hormuz. Despite a rise in market fear gauge, foreign institutional investors offloaded shares while domestic investors showed robust buying. The…

France 24

Power outages and melting roads: Heatwave strains French infrastructure

Power outages, train delays, and melting roads – the current heatwave is straining France's infrastructure. Electricity provider EDF says it has had to reduce its nuclear power output, but that it still has enough capacity to meet demand. Also in the show: the UN's International Maritime Organization starts evacuating some…

The Economic Times

Rubio reassures UAE, Kuwait as scepticism over Iran deal persists

US Secretary of State Marco Rubio assured Gulf allies of their security during a visit to the UAE and Kuwait, addressing skepticism over a proposed deal to end the U.S.-Iran war. The accord includes a $300 billion fund and sanctions waivers for Tehran. Rubio emphasized the U.S. commitment to regional…

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The Independent UK

Iran war pushes climate movement into action as it gathers in sweltering London

IN FOCUS: Record June heat and ongoing impacts of the closure of the Strait of Hormuz instil renewed sense of purpose as more than 100,000 people gather for London Climate Action Week. Nick Ferris reports

The Economic Times

Trump gets trapped between 'rockets and feathers', squirms for exit

US President Donald Trump has ordered a Justice Department investigation into major oil companies, accusing them of keeping gasoline prices artificially high despite a recent fall in crude oil prices. The move reflects frustration that fuel prices have not dropped as quickly as he had promised after tensions with Iran…

Euronews

Tehran labels framework deal 'US defeat' as Trump threatens to halt talks

Iranian key negotiator hailed the US–Iran framework deal as a “declaration of US defeat,” while Trump warned that talks would end immediately if reports that Tehran is seeking to impose tolls on ships transiting the Strait of Hormuz prove to be true.

The Conversation

War-induced fertilizer shortage may be reducing US soil and water pollution

American farmers are expected to plant several million fewer acres of corn in 2026 than they did in 2025, as the closure of the Strait of Hormuz throttles a key fertilizer trading corridor, along with the energy and raw materials needed to produce and transport fertilizer.

The Economic Times

Brent crude hits lowest since before start of Mideast war as more tankers exit Hormuz

Global oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interim deal with Iran is unlocking stored crude, potentially boosting sales significantly. While U.S. inventories remain tight, rising fuel stockpiles and a forecast cut by J.P. Morgan also contributed to…

International Business Times

Brent Crude Falls To Lowest Level Since The Day Before The Iran War Began

Oil prices continue to drop as shipping through the Strait of Hormuz resumes.

International Business Times

U.N. Maritime Agency Launches Plan to Evacuate 11,000 Seafarers Stranded in Strait of Hormuz

The United Nations' maritime agency has begun implementing a large-scale operation to evacuate more than 11,000 seafarers stranded aboard hundreds of vessels in and around the Strait of Hormuz.

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