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The Latest Breaking News from Hormuz

The Trump Administration's Hormuz Oil Numbers Don't Add Up

Energy Secretary Chris Wright claims that more oil left the Middle East in a day than before the war. But the industry isn’t buying it—and gas prices are still high.

Reason

Revolutionary Guard Adviser Warns Iran Is Preparing Military Operations on US Soil as Hormuz Peace Talks Crash

Iran hints at striking 'enemy soil' as Hormuz remains closed and Gulf tensions hit global shipping and oil markets.

International Business Times UK

Trump hails 'wall of steel' blockade, says US will keep control of Strait of Hormuz

Iran maintains it effectively controls much of the waterway and intends to impose a toll system in response to the US war launched by Trump on 28 February.

Euronews

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Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA says

Global oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening the oil market deficit. This year's expected supply drop compares with earlier forecasts and is significant. The International Energy Agency expects a deficit of 1.8 million barrels daily over…

The Economic Times

A Prolonged Hormuz Closure Could Send Crude to $140 As U.S.-Iran Deal Remains Elusive

Oil prices remain far below the surge above $100 a barrel last month and the peak of more than $110 reached in May, but analysts say the relative calm may become increasingly difficult to sustain.

International Business Times

Energy Secretary Chris Wright Says Hormuz Oil Flows Surpass Prewar Levels as US, Gulf Allies Step Up Coordination—Trump Claims ‘100% Control’ of the Strait

Energy Secretary Chris Wright highlighted a significant increase in the average daily oil flow through the Strait of Hormuz over the past week.

Benzinga

Iran-US war latest: Trump says ‘praise be to Allah’ as he again claims ‘total control’ of Strait of Hormuz

Donald Trump argued the Iranian navy has been destroyed and they cannot enforce the closure of the strait

The Independent UK

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Middle East standoff: Why Gulf states may accept that Iran will control the Strait of Hormuz

Gulf energy producers have acknowledged Iran's assertion of control over the critical Strait of Hormuz. This development occurs amidst attempts to resume passage through this essential route, which are stymied by ongoing tensions. Governments in the region prioritize peace over export delays, while Iran aims for financial easing and a…

The Times of India

Pakistan minister Naqvi heads to Iran amid mediation efforts to end conflict

Pakistan's Interior Minister Mohsin Raza Naqvi traveled to Tehran for crucial discussions. He engaged with Iranian officials regarding bilateral ties and mutual interests. This visit follows previous mediation efforts by Pakistan and Gulf countries. Talks between the US and Iran collapsed last month due to escalating tensions. The Strait of…

The Economic Times

Iran to Wait Out Trump's Presidency Until 2029? Strait of Hormuz Standoff Sends Oil Above $84

Oil prices rose sharply this week as Iran does not plan to negotiate with US President Donald Trump until he remains in office, which is until 20 January 2029.

International Business Times UK

Iran-US war latest: US fires on ship for violating blockade as Trump again claims ‘total control’ over Hormuz

US leader reportedly hid in a catering truck to fend off an assassination threat after attending Nato summit last month

The Independent UK

Trump demands Iran pay compensation for decades of US soldier deaths

US president’s statement is latest sign that negotations to end war and reopen strait of Hormuz have stalled

The Guardian - UK

Oil Price Today (August 10): Crude oil rises to $85 amid Hormuz worries as attacks continue. What are experts saying?

Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shipping lanes. Attacks on Saudi and UAE facilities heightened supply concerns over the weekend. Analysts predict significant price increases if disruptions continue for months. Oil is expected to…

The Economic Times

Iran Links Hormuz Reopening to US Meeting Its Demands: Dow Futures Fall 127 Points, Brent Above $84

Iran said an agreement with Oman on new shipping lanes through the Strait of Hormuz is in its "final stages," but Tehran reiterated that the strategic waterway will not reopen unless the U.S. meets several conditions.

Benzinga

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The Economic Times

Iran ties Hormuz reopening to US concessions on several demands

Iran says a deal with Oman on new shipping lanes through the Strait of Hormuz is in its final stages, but reopening the strategic waterway depends on U.S. concessions, including compensation, sanctions relief and an end to military threats. The developments come amid heightened regional tensions and attacks on shipping.

The Economic Times

US Iran war: Trump may ditch nuclear deal plan if Tehran reopens Hormuz

US President Trump seeks an exit from the Iran war as the conflict continues to escalate. The administration may set aside the nuclear issue for Strait of Hormuz reopening. Iran has set new conditions for reopening the strategic waterway, demanding US behavior correction. Financial demands and sanctions remain significant hurdles…

The Times of India

Trump ready to end Iran war without nuclear deal; Tehran's demands complicate exit: Report

US President Donald Trump has reportedly signalled to senior aides that he is willing to end the Iran war without securing a nuclear deal with Tehran. But Iran's new demands for reopening the Strait of Hormuz have complicated the US president's efforts to find an exit from the conflict, Wall…

Bangkok Post

Iran issues demands for reopening of Hormuz

DUBAI - Iran set preconditions on Saturday for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy.

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The Economic Times

Iran says Hormuz deal with Oman close, but strait reopening hinges on US concessions

Iran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongoing war and resuming normal oil traffic. However, Iran insists on further conditions, including U.S. compensation and an end to threats. The United Arab…

Latin Times

Iran Says Hormuz Stays Half-Shut Until Washington Bends — Even as an Oman Deal Nears

Iran says Hormuz won't fully reopen until the US yields, even as Tehran and Oman near a deal to split control of the strait.

International Business Times

Iran Sees Hormuz As Trump's Waterloo. That May Not Be The Case.

The strategy poses risk as the US war has heaped misery on Tehran on multiple counts. Strikes have decimated Iran's top leadership, navy and air force. Iran's own economy is in shambles and Iranians who hit the streets in protests months ago against the regime, could latch on to economic…

Fortune

The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control: ‘The concession has already been made’

“[The] U.S. accepting Iranian control of the strait without explicitly acknowledging that control seems a likely endgame here.”

International Business Times

The Deal To Reopen The Strait Of Hormuz Is Yet To Come. Iran's Chief Negotiator Is Taking On Trump

Iran's top negotiator is accusing Donald Trump of "theater diplomacy" and calling him to "acknowledge the facts and fulfill your commitments," as negotiations to reopen the Strait of Hormuz continue.

Benzinga

Ex-Counterterrorism Chief Warns US Risks Being Pulled Back Into War, Says Leaving Would Prevent Iran From Imposing Strait of Hormuz Tolls

President Donald Trump‘s former Counterterrorism Chief Joe Kent has reaffirmed his stance that the U.S. should exit the Strait of Hormuz and claim victory in the Iran war.

The Economic Times

Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talks

Shipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several Chinese and Indian refiners seek discounted crude oil from Iraq. However, shipowners remain wary of entering the waterway due to risks. Meanwhile, traffic through the…

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