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The Latest Breaking News from Hormuz

Oil Prices Plunge Below $85 as Iran Reopens Strait of Hormuz in Major Market Relief

World oil prices tumbled sharply on Friday, with benchmark U.S. crude dropping more than 10 percent to settle below $84 per barrel after Iran declared the Strait of Hormuz fully open to commercial shipping during an ongoing ceasefire, easing fears of prolonged supply disruptions from the Middle East conflict.

International Business Times

Iranian gunboats fire on ships as Tehran closes Strait of Hormuz but Trump says US 'won't be blackmailed'

Iran's military says it is resuming control of the Strait of Hormuz as supreme leader vows ‘bitter defeats’ for enemies

Evening Standard

Oil prices drop after Iran says Strait of Hormuz ‘completely open’ for passage of ships

US stocks raced to another record on Friday after Iran said the Strait of Hormuz is open again for tankers

The Independent UK

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Australia ‘prepared to provide assistance’ in the strait of Hormuz, PM says, as ‘fragile’ opening expected to ease fuel prices

Anthony Albanese was in meeting of 49 countries to discuss key shipping route when news broke that Iran was reopening strait

The Guardian - AU

Iran says strait of Hormuz ‘completely open’ but sounds warning on US blockade

Iran’s parliamentary speaker says strait could close again if US blockade continues, but Trump says it will remain in place until ‘transaction’ with Tehran is complete

The Guardian - UK

A passage through Hormuz: US and Iran signal end to crisis

TOI correspondent from Washington: The Hormuz horror that was choking energy supplies to much of the world is ending, following a deal between Washington and Tehran that US President Donald Trump said is imminent.

The Times of India

Macron and Starmer hold international summit on reopening the Strait of Hormuz

The leaders of France and the U.K. are holding an international summit to push forward efforts to reopen the Strait of Hormuz, a vital oil route affected by the U.S.-Israeli war with Iran

The Independent UK

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No ‘specific request’ to help US in strait of Hormuz, Marles says, as Trump repeats criticism of Australia

US president told reporters he was ‘not happy with Australia because they were not there when we asked them to be there’

The Guardian - AU

Europe has six weeks of jet fuel left caused by 'dire strait' crisis, IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

Euronews

What mines has Iran laid in the strait of Hormuz and how can the US remove them?

Trump plans to start anti-mine operations as part of a wider attempt to open the strait, but the clearance is laborious and dangerous

The Guardian - UK

'Discussions are being had' on second round of Iran talks in Pakistan, White House says

Negotiators are focusing on three key points that derailed last weekend's talks, including Iran's nuclear programme, the Strait of Hormuz and compensation for wartime damages.

Euronews

Love in the time of blockades: Trump seeks a ‘fat hug’ from Xi amidst Hormuz howler

President Trump declared the Strait of Hormuz permanently open for China and the world, claiming Beijing assured him it would cease arms shipments to Iran. This announcement follows a naval blockade, causing global economic disruption. Trump's unpredictable approach, blending military pressure with personal diplomacy, fuels speculation about escalation or de-escalation,…

The Times of India

Donald Trump Stuns Diplomats by Claiming Xi Jinping Will Give Him a 'Big, Fat Hug' Over Iran Deal

Donald Trump's prediction that Xi Jinping will give him a 'big, fat, hug' over his Iran and Strait of Hormuz strategy collides with Beijing's silence and its public focus on shoring up ties with Moscow.

International Business Times UK

Strait of Hormuz: Why the US and Iran are sailing in very different legal waters

The Strait of Hormuz exists in the eye of the beholder.

The Conversation

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The Independent UK

Iran-US war latest: Trump says war is close to over as US claims ‘maritime superiority’ in Middle East

JD Vance said Trump ‘wants to make the grand bargain’ with Iran after peace talks failed over the weekend

The Guardian - UK

Iran tries to cosy up to Europe to increase pressure on US

Regime hopes to capitalise on deepening transatlantic split by briefing previously sidelined European countries

Euronews

Trump says US military blockaded Iranian ports to ramp up pressure on Tehran

The US blockade comes in an attempt to economically pressure Iran to reopen the Strait of Hormuz to maritime traffic after its six-week closure caused global oil prices to surge. Roughly 40 vessels have passed through since the start of the ceasefire, down from 100 or more per day before…

International Business Times UK

China Tells the US to Stay Out as Beijing Vows to Keep Sending Ships Through the Strait of Hormuz

Chinese Defence Minister Dong Jun warns the US as Beijing continues its trade with Iran, defying the US blockade in the Strait of Hormuz.

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International Business Times UK

US Blockade of the Strait of Hormuz: Will There Be Any Country Joining Trump?

The US has announced a naval enforcement plan near the Strait of Hormuz, raising global concerns over energy security and alliance unity as key allies, including the UK, opt out of direct involvement.

The Guardian - UK

First Thing: Trump says US will blockade strait of Hormuz after Iran peace talks fail

Tehran said the move would be a breach of the ceasefire. Plus, Viktor Orbán ousted in Hungarian election in blow to global far right

The Guardian - UK

Oil price tops $100 a barrel as US blockades strait of Hormuz; Goldman Sachs posts rise in profits – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - AU

Morning Mail: US to blockade strait of Hormuz; Viktor Orbán concedes defeat in Hungary; the rise of ‘pantry loading’

Trump says US navy will ‘immediately blockade’ strait of Hormuz; jubilation in Hungary as Orbán suffers election loss

The Guardian - UK

Trump says US will blockade strait of Hormuz after Iran peace talks fail

Iran warns move would breach ceasefire as US president also repeats threats to strike critical infrastructure

The Independent UK

Trump says US will blockade the Strait of Hormuz after peace talks with Iran fail

Talks collapse without progress as Tehran stands firm on nuclear ambitions

Barchart

Iran Ceasefire, Bank Earnings and Other Key Things to Watch this Week

Markets face extraordinary uncertainty following the collapse of lengthy U.S.-Iran diplomatic talks that ended with no deal, as Vice President J.D. Vance confirmed Iranian officials "have chosen not to accept our terms."

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