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The Latest Breaking News from Hormuz

Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?

Oil prices saw a slight dip on Friday. Hopes for a U.S. and Iran ceasefire extension are influencing the market. U.S. Vice President JD Vance indicated progress but noted unresolved issues. Geopolitical tensions remain high. Analysts suggest a prolonged Strait of Hormuz closure could impact global oil markets significantly.

The Economic Times

US, Iran accuse each other of violating truce after attacks

The US and Iran accused each other of breaching a fragile ceasefire after fresh clashes around the Strait of Hormuz, marking the worst flare-up since the truce began in April. Iran said it fired at unauthorised ships and targeted a US-linked airbase after strikes near Bandar Abbas, while US forces…

The Economic Times

First Thing: Trump threatens to ‘blow up’ US ally Oman if it does not ‘behave’ over strait of Hormuz

President makes comments after reports Iran and Oman have discussed jointly charging a toll for ships. Plus, how ‘balcony solar’ could help fight rising energy costs

The Guardian - UK

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JD Vance says US ‘not there yet’ on an Iran deal – as it happened

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The Guardian - UK

US and Iran exchange strikes as Israel intensifies attacks on southern Lebanon

US forces down drones near strait of Hormuz, sparking attack on American airbase in Kuwait

The Guardian - AU

Iran targets US airbase after Washington’s strikes near Hormuz, warns ‘aggressor’ of harsher response

Iran's Revolutionary Guards announced they struck a U.S. airbase early Thursday, claiming it followed a U.S. attack near Bandar Abbas. The Guards issued a stern warning, vowing a more forceful response to any future "aggression" and holding the "aggressor" accountable for repercussions. The specific base targeted was not disclosed.

The Economic Times

Oil Price Today (May 28): Crude oil surges nearly 3% after Iran says it targeted US airbase in retaliation for fresh American strikes

Oil prices surged as US strikes in Iran heightened fears of shipping disruptions through the Strait of Hormuz. Iran's Revolutionary Guards claimed to have struck a US airbase, while US forces downed Iranian drones and struck a control station. Analysts warn that even a deal may not immediately normalize shipping,…

The Economic Times

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The Slow-Motion Oil Crisis Nobody Sees Coming

Oil markets can absorb a shock for a while. The real test comes weeks later, when pre-crisis cargoes stop arriving, and BGN Group's flexible supply chains become essential.

International Business Times

The 75-year-old military deadlock which Trump must learn from in his war with Iran

IN DEPTH: As the latest US strikes claim to target Iranian boats laying mines in the Strait of Hormuz, John W S Clark asks why no one is heeding the lessons of the past: that mine warfare will bring any ill-conceived conflict to a shuddering standstill

The Independent UK

Rubio Calls Iran's Hormuz Blockade Illegal — Warns It Will Reopen 'One Way or the Other' as US Strikes Iran Again

Marco Rubio stresses the importance of keeping the Strait of Hormuz open amid rising tensions with Iran, following recent US military strikes

International Business Times UK

Oil prices rise after fresh US strikes shatter hopes of imminent Iran peace deal

Brent crude fell 7 per cent on Monday, one of the sharpest single day drops since the Iran war and closure of Strait of Hormuz, but are now bouncing back

The Independent UK

Why US struck Iran amid shaky ceasefire: 10 things to know about the 'self-defence' strikes

US forces struck Iranian missile sites and boats near the Strait of Hormuz. This happened during peace talks aimed at ending a three-month conflict. Iran accused the US of a war crime. Reports mentioned explosions and fatalities on Larak Island. Discussions continue on reopening the Strait of Hormuz and Iran's…

The Times of India

US strikes Iran missile sites and mine laying vessels as Trump’s promised peace deal remains elusive

Negotiators from Iran travelled to Qatar on Monday, with the fate of the country’s nuclear programme and access to frozen assets under discussion

The Guardian - AU

Iran's top envoys discussing potential peace deal with Qatar prime minister, official says

Iran's top negotiator and foreign minister met Qatar's prime minister in Doha for talks with the US. Discussions centered on a potential deal to end the ongoing war. Key topics included the Strait of Hormuz and Iran's nuclear material. The US expressed cautious optimism for diplomacy.

The Economic Times

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Euronews

Strait of Hormuz turmoil 'serious' risk for Europe, top UAE adviser warns

UAE presidential adviser Dr Anwar Gargash said at a conference in Prague that the Strait of Hormuz is a European energy problem, not a distant regional one, as the region continues to face the worst instability in decades.

The Economic Times

What needs to be agreed to end the Iran war?

Iran and the US are nearing an understanding on a 14-point memorandum of understanding. Discussions focus on ending the Middle East war and a US naval blockade. In return, Iran would ensure safe passage in the Strait of Hormuz. While progress is reported, difficult issues like Iran's nuclear program and…

The Independent UK

Trump hits back at ‘losers who know nothing’ after Republicans turn on Iran peace deal

The plan would reportedly see the Strait of Hormuz reopen and the U.S. lift its blockade on Iranian ports - but senior GOP figures have warned it could be a “disaster”

The Times of India

Why is the Iran deal still stuck? Hormuz, uranium, US blockade and the unresolved fault lines

Intense diplomatic efforts are underway to secure an agreement between the US and Iran, aiming to end the Middle East conflict, reopen the Strait of Hormuz, and ease energy market pressures. Despite claims of progress, significant disagreements persist over uranium enrichment, sanctions relief, and regional influence, leaving a final deal…

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The Guardian - US

Republican lawmakers warn of ‘disastrous mistake’ as Trump nears deal with Iran

Trump insists US won’t rush talks with Tehran after angry responses from Senate Republicans, including Ted Cruz and Lindsey Graham

The Economic Times

Strait of Hormuz to reopen after Muslim Eid holiday ends? Check big updates on U.S.-Iran peace deal

Iran-U.S. proposed framework would unfold in three stages: formally ending the war, resolving the crisis in the Strait of Hormuz and launching a 30-day ‌window for negotiations on a broader agreement, which can be extended, as per Reuters report.

The Guardian - UK

US and Iran inch closer to peace deal as Trump faces criticism from GOP hawks

American president says he is not rushing into a deal after proposed plan to end war prompts Republican backlash

The Times of India

Iran refutes Trump's 'largely negotiated' deal, claims to keep Hormuz control

President Donald Trump announced a significant deal with Iran is nearing completion. This agreement aims to reopen the Strait of Hormuz and end ongoing hostilities. While Iran has pushed back on some claims, discussions are ongoing. Regional leaders have expressed support for the peace efforts. The proposed deal also addresses…

The Guardian - AU

Oil prices fall to two-week lows – as it happened

This blog is now closed

MarketBeat

Navios Maritime Partners Q1 Earnings Call Highlights

Navios Maritime Partners (NYSE:NMM) reported higher first-quarter 2026 earnings and revenue, while management emphasized fleet renewal, a growing contracted revenue backlog and the potential market impact of disruptions around the Strait of Hormuz. Chairwoman and Chief Executive Officer Angeliki Fr

Euronews

As Iran mulls tariffs on Hormuz internet cables, how might the fees threaten Europe?

The move could raise connectivity costs and create greater digital vulnerability for Europe, but some experts argue that the continent has enough backup bandwidth to survive without access to the cables in the Strait of Hormuz.

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