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The Latest Breaking News from Gregory Brew

Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream

Details of any tolling or voluntary fee system are unlikely to be finalized in any potential interim deal, further delaying a permanent peace solution.

Fortune

Trump Is Playing Chicken With the Country That Fuels Half of America — During a Global Energy Crisis

President Donald Trump’s decision to impose 50% tariffs on roughly $20 billion of Canadian goods is escalating a trade confrontation at precisely the wrong moment for U.S. energy security.

Benzinga

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight

"The collapse of even this minimal understanding could remove the last barrier between episodic confrontation and a forever war."

Fortune

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Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran

The global energy trade is likely changed forever by the outcome of the Iran war.

Fortune

Shipping companies will decide when the Strait of Hormuz is truly open—not the U.S. or Iran—and the latest deal is already sowing confusion

"Will the Iranian announcement be enough to deter them? Or will Iran need to resort to force and directly violate the MOU's terms?"

Fortune

Iran may have oil options to drag things out

The country "may not be in imminent danger of a major crude oil shut-in," one analyst says.

Axios

Trump says the Iran war is ‘very close to over’—despite no deal, a live blockade, and threats mounting

Both U.S. forces and Iran are now blocking the Strait of Hormuz, but negotiators say an extended ceasefire is imminent.

Fortune

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Wall Street knows something about Trump and Iran: Both sides are running out of time

Strait of Hormuz traffic saw an uptick over a volatile weekend.

Fortune

The U.S. military set up an improvised airfield deep inside Iran to rescue the F-15 airman. Marines just practiced building one in the desert

“The last 48 hours offers some idea of what U.S. ground operations inside Iran could entail, in terms of Iranian capabilities, risks, and scope for achievement.”

Fortune

Iran Offers Europe a Hormuz Lifeline — and the Price Could Be the Dollar

Iran proposes negotiations for transit access through the Strait of Hormuz, potentially easing a global energy crisis. Explore the implications for Europe and the petrodollar system.

International Business Times UK

Iran war underscores risks of Trump's relentless focus on oil

The Iran war is underscoring the risks of President Donald Trump’s relentless focus on fossil fuels as he pursues what he calls American energy dominance

The Independent UK

Escalation Or Diplomacy? Outcome Of Iran-Israel Conflict Uncertain

Israel has inflicted damage on strategic sites and killed key figures within Iran's military leadership during five days of aerial attacks that showed no sign of abating Tuesday, but whose ultimate outcome is unclear, analysts say.

International Business Times

Trump says air strikes on Yemen will stop as Oman confirms ceasefire with Houthis

The Houthi rebels began targeting ships in the Red Sea they believed had links to Israel shortly after the war in Gaza started in October 2023, in strikes they said were in solidarity with the Palestinians.

Euronews

IAEA Chief Hopes To Meet Iran's New President Soon To Kickstart Dialogue

The head of the UN's nuclear watchdog hopes to visit Iran soon for talks with newly-elected Iranian President Masoud Pezeshkian, according to a confidential report seen by AFP on Thursday.

International Business Times

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Al Jazeera

Beyond Gaza: How Yemen’s Houthis gain from attacking Red Sea ships

The group’s position on a critical maritime choke point gives them leverage in diplomatic talks over Yemen’s future.

People

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