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THE TRUTH ABOUT: 8 - The Untold Story

UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEA

United Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alternative routes, extensive storage, and strategic shipping, the UAE successfully navigated Gulf tensions. Exports surged from 1.9 million barrels daily in March to 4.3 million in early June, demonstrating resilience amidst global…

The Economic Times

Oil Price Today (June 24): Crude oil near 4-month low as more tankers pass through Hormuz. What are experts saying?

Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that more oil tankers stranded in the Gulf since the start of the Iran conflict are preparing to move through the Strait of Hormuz.

The Economic Times

Oil prices extend decline on expectations of smoother crude flows via Hormuz

Oil prices dipped to four-month lows as tensions eased between the US and Iran, paving the way for more tankers to navigate the Strait of Hormuz. Following peace talks and a sanctions waiver, Iran's oil sales are expected to increase. Discussions are ongoing regarding navigation in the vital waterway, with…

The Economic Times

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UN launches evacuation of 11,000 stranded sailors in Strait of Hormuz amid US-Iran toll dispute

The UN is actively facilitating the evacuation of approximately 11,000 sailors from the Strait of Hormuz, a critical move emerging from a recent US-Iran peace accord. While maritime activities begin to resume, disputes linger regarding the future management and potential tariffs of the strait's usage. The US upholds its position…

The Times of India

UN starts evacuation of 11,000 seafarers stranded in Strait of Hormuz after ceasefire

A major evacuation plan is now underway for over 11,000 seafarers aboard hundreds of ships stranded in the Gulf. Following a ceasefire deal between Iran and the U.S., the UN's International Maritime Organization is coordinating the phased departure through the Strait of Hormuz. Safety guarantees have been secured, with temporary…

The Economic Times

'All-time record, Strait totally open': Trump says 19 million barrels of oil exited Hormuz on Monday

President Trump announced unprecedented maritime activity in the Strait of Hormuz following a new diplomatic understanding with Iran. He claimed record oil flow and asserted that oil prices are falling, making the world safer. The US also aims to permanently block Iran's path to nuclear weapons, while regional stability remains…

The Economic Times

Rubio arrives in UAE with aim to head off Gulf Arab unease over tentative Iran deal

US Secretary of State Marco Rubio is in the UAE to address concerns over a new Iran deal. The agreement, brokered by Vice President JD Vance, aims to end regional hostilities and reopen the Strait of Hormuz. Rubio emphasized that Iran's leadership must choose to be a nation, not a…

The Economic Times

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Rubio says US will not accept Iranian tolls on Hormuz

US Secretary of State Marco Rubio firmly stated that Washington will not permit any tolls on the Strait of Hormuz, an international waterway. This comes as Iran and Oman announced they would study administration and costs for the route, asserting sovereignty. Meanwhile, the UN is set to evacuate over 11,000…

The Economic Times

Crude Oil Prices Fall as Oil Supplies Flow Through the Strait of Hormuz

August WTI crude oil (CLQ26 ) today is down -0.67 (-0.91%), and August RBOB gasoline (RBQ26 ) is down -0.0534 (-1.85%). Crude oil and gasoline prices are under pressure today, with crude oil falling to a 3.5-month low. Today’s rally in the dollar index ($DXY ) to a 13-month high...

Barchart

Iran, Oman mull charging Strait of Hormuz 'maritime service fees'

Iran and Oman said Tuesday they would examine charges for what they called maritime service fees in the Strait of Hormuz through a joint working group, pressing ahead with discussions over the strategic waterway despite US opposition to any sort of toll system.

France 24

UN agency says plan underway to evacuate 11,000 stranded seafarers through the Strait of Hormuz

A U.N. agency says a plan is underway to evacuate 11,000 stranded seafarers through the Strait of Hormuz

The Independent UK

The Strait of Hormuz is finally reopening but Europe’s food chain suppliers cannot afford to be complacent

Our study of agri-food systems suggests that the most powerful resilience levers are not found inside single firms, but in the supply chain’s ability to adapt, collaborate, and move quickly as a network.

The Conversation

Iran-U. S war ends but Strait of Hormuz disruptions could continue for months ahead. Here's why

Strait of Hormuz continues to remain the bone of the contention in Iran-U.S. deal and middle-east gulf countries' geo-politics. The question remains when will situation normalize.

The Economic Times

Iran sharply contradicts the US, pushing its own view of framework deal

Shortly after the first high-level US-Iran negotiations ended, discrepancies emerged over what the two sides actually agreed, as Tehran moved to directly contradict US Vice President JD Vance’s statements, prompting US President Donald Trump to reject Iran's claims.

Euronews

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The Conversation

From Hormuz to the cockpit: How warfare and criminal activity undermine GPS and the race to safeguard navigation

Few people want to get lost when traveling. But if there are places where being lost feels especially unsettling, they tend to be the sea, desert and sky. These environments share a defining feature: the absence of distinctive visual cues. Where horizons blur, landmarks disappear and every direction can look…

The Economic Times

Eleven India-bound vessels have crossed Strait of Hormuz since signing of Iran-US MoU: MEA

Eleven India-bound vessels have successfully navigated the Strait of Hormuz since the US-Iran agreement on June 17, according to MEA spokesperson Randhir Jaiswal. Ten Indian-flagged ships remain in the Persian Gulf, with two more entering the region. This crucial waterway, vital for global oil transit, has recently faced disruptions, raising…

The Economic Times

Monday ship traffic through Strait of Hormuz highest since start of war: monitor

A record 36 commodity carriers navigated the Strait of Hormuz on Monday, a significant uptick following a US-Iran memorandum to end the Middle East war. This surge, nearing a third of normal peacetime traffic, follows Iran's earlier closure of the vital waterway. Despite a recent reopening, Iran's assertion of administering…

The Times of India

Ships return to Strait of Hormuz, but Iran-US clash over tolls raises new risks

Recent reports indicate that ship traffic in the Strait of Hormuz has started to increase following a temporary agreement, although it remains lower than levels seen before the conflict. Navigational difficulties persist due to the presence of mines in specific routes. Shipping companies are expressing unease over a dispute regarding…

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The Economic Times

No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources

Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of…

Newslaundry

The Strait of Hormuz’s future is unsettled even as more ships venture through

Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that constricted global oil supplies and fueled inflation, but questions surrounding control of the vital waterway and whether vessels will be charged tolls to cross it could…

The Independent UK

Iran-US war latest: Trump says Tehran willing to ‘give us anything’ as Senate votes to block his military action

Iran has denied that it has agreed to the inspections and warned against ‘exaggerations’

The Independent UK

The Strait of Hormuz's future is unsettled even as more ships venture through

Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that's constricted global oil supplies

Euronews

Vance says direct talks with Iran set 'good foundation' for deal to end the war

Lower-level officials are continuing to engage in what officials described as “technical talks” in Switzerland following Vance, Ghalibaf and Araghchi’s departure, as the US and Iran look to inch closer to a concrete deal.

The Economic Times

JD Vance says talks with Iranian officials set 'good foundation' for a deal to end US-Iran war

Iran US War: United States Vice President JD Vance reported significant progress in talks with Tehran, aiming for a permanent end to the recent conflict. Discussions focused on reopening the Strait of Hormuz and de-escalating the Israel-Hezbollah fighting. An interim deal sets a 60-day window for negotiations on Iran's nuclear…

The Economic Times

Oil Price Today (June 23): Crude oil near $78 per barrel as investors track flows through Hormuz. What’s next?

Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a barrel as of 0026 GMT.

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Mohammad Bagher Qalibaf

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