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MYSTERIOUS: 9 - You Need To See This

Iran Strikes Cargo Vessel in the Strait of Hormuz Putting Oil Trade on Edge

The vessel reported being struck by a projectile while sailing approximately 7.5 nautical miles southeast of the Omani port of Dahit, according to maritime security officials across the Middle East.

International Business Times

Taiwan ship operator says vessel hit in Hormuz 'unharmed'

A Taiwanese shipping operator's vessel, the Ever Lovely, sustained minor damage after being struck by an unidentified object in the Strait of Hormuz. The 21 crew members and cargo remain unharmed. Singapore's Maritime and Port Authority condemned the "unprovoked" incident, which occurred as the ship was leaving the strait. The…

The Economic Times

India Inc profit hit from West Asia tensions to halve if truce holds, Crisil says

Corporate India's profitability impact from the West Asia conflict is now expected to be half of initial fears, with Crisil Ratings predicting a 100-basis-point hit to operating margins in fiscal 2027. This revised outlook follows crude oil price corrections after the Strait of Hormuz reopened. While most sectors anticipate minimal…

The Economic Times

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Gulf states weigh living side by side with Iran as Tehran weaponises Hormuz

As the frontline countries paying the largest price for the Iran war, pressed by severe economic urgencies, the Gulf states are beginning their own firm process towards regional stability with rival Iran, while Tehran continues weaponising the Strait of Hormuz to sow division with its neighbours.

Euronews

Oil down 2% amid resumption of Hormuz shipments even as vessel hit near Oman

Aramco resumes Ras Tanura oil ⁠loadings after ⁠four-month halt

Bangkok Post

Iran-US war latest: Trump and Tehran agree to halt attacks after exchanging strikes over Strait of Hormuz

Iran and US to meet in Qatar to resume peace talks, according to reports

The Independent UK

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

The Economic Times

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Gold poised for fourth weekly loss as hawkish Fed bets buoy dollar

Gold is poised for its fourth consecutive weekly decline, weighed down by a strengthening dollar amid expectations of U.S. interest rate hikes. Investors are also closely watching the delicate U.S.-Iran peace agreement, which faced renewed concerns after an incident in the Strait of Hormuz. Despite some hope for moderating inflation,…

The Economic Times

Oil edges lower amid resumption of strait shipments even as vessel hit near Oman

Oil prices are poised for significant weekly declines as supply worries ease with tankers navigating the Strait of Hormuz. Despite a cargo vessel being struck near Oman, with Iran implicated, and earthquakes in Venezuela causing minor infrastructure damage, crude shipments through the vital waterway have increased. However, lingering geopolitical tensions…

The Economic Times

US wants Iran deal but 'not at any price', Rubio says

US Secretary of State Marco Rubio said on Thursday Washington would not accept any Iran deal allowing Tehran to impose fees on shipping through the Strait of Hormuz, warning it would cause "total chaos". His remarks came after an attack on a vessel forced the United Nations to suspend mariner…

France 24

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman lifts crude prices

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Oil prices gained more than 2% after a cargo ship was struck near Oman, raising concerns over crude shipments through the Strait of Hormuz. Brent and US WTI crude futures moved…

The Economic Times

Iran Reportedly Estimates It Could Get $40 Billion a Year From Management Of Hormuz Strait

Iran estimates it could make $40 billion a year from managing shipping through the Strait of Hormuz, according to a new report.

International Business Times

U.S. companies swallowed the oil shock. They're not sure they can do it again

A Fed survey of 530 executives found inflation now tops concerns for 25% of firms—nearly triple last quarter's 9.5%—even as most have held the line on consumer prices.

Fortune

Iran fired on cargo ship in Strait of Hormuz, say US officials

Iran fired on a cargo ship transiting the Strait of Hormuz on Thursday, according to two US officials cited by Reuters. The vessel had earlier reported being struck by a projectile near Oman's coast. The incident raises fresh concerns over maritime security and shipping traffic through the strategically vital waterway.

The Economic Times

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Bangkok Post

US says wants deal with Iran, but not 'at any price'

MANAMA - Top US diplomat Marco Rubio said Thursday that there were limits to what Washington would accept in any deal with Iran, warning that permitting Tehran to charge fees in the Strait of Hormuz would open the door to "total chaos".

The Economic Times

British military says a cargo ship was hit while moving through the Strait of Hormuz

In a worrying development, a cargo ship on a UN-supported journey through the Strait of Hormuz was hit by a projectile, raising alarms as Iran warned of the need for its consent for passage. Despite this incident, multiple tankers successfully navigated the critical waterway. U.S. Secretary of State Marco Rubio…

The Economic Times

IMF says it will take time for energy, commodity prices to normalize after US-Iran deal

The IMF notes a decline in energy and commodity prices following a ceasefire in the Strait of Hormuz, though full normalization will take time. While inflationary expectations remain anchored, the Fund is particularly concerned about developing nations, especially in Africa, that are net energy importers. India's domestic demand is robust,…

Radio France Internationale

Fear of mines alone could disrupt Strait of Hormuz shipping, warns French admiral

The Strait of Hormuz has reopened under a fragile United States-Iran deal, but it remains under close watch after maritime authorities warned of suspected and confirmed mines in the area. Former French Navy Admiral Éric Lavault – who headed France's mine warfare and seabed operations, and commanded the navy's bomb-disposal…

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The Economic Times

Rubio warns Hormuz tolls would 'spread like contagion' to other waterways

US Secretary of State Marco Rubio warned that imposing tolls on ships in the Strait of Hormuz would lead to "total chaos," a stance reiterated by Oman which stated no fees would be levied. Iran, however, insisted on its authorization for passage and appeared to criticize Oman's new shipping route.…

The Economic Times

Iran seeks long-term role in managing Strait of Hormuz, eyes billions in annual fees

Iran is proposing new charges for security and services in the Strait of Hormuz, aiming to generate significant revenue and reshape its management post-conflict. Tehran is seeking regional backing, drawing parallels to Turkey's Dardanelles model. However, the US vehemently opposes this, asserting no nation can charge for international waterways. While…

The Economic Times

Strait of Hormuz traffic sees sharp uptick but not back to normal

Strait of Hormuz traffic has increased sharply, but remains at roughly half its peacetime level, officials said on Thursday as stranded sailors made their way out of the waterway. Tehran warned on Thursday against any crossings of the Strait of Hormuz without its authorisation, saying vessels not complying "will be…

International Business Times

Iran Threatens Ships Seeking To Cross Hormuz Strait Without Its Approval: 'Dangerous'

The Iranian revolutionary guard threatened ships seeking to transit through the Strait of Hormuz without coordination with its officials.

The Economic Times

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…

International Business 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.

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