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The Latest Breaking News from Hormuz

Oil Prices Crash: Brent Crude Drops Below $100 As Trump Teases 'Bombshell' Iran Peace Deal

Brent crude briefly slipped below $100 a barrel after Donald Trump claimed a 'bombshell' peace deal with Iran was within reach and Tehran signalled limited safe passage through the Strait of Hormuz.

International Business Times UK

Iran war threatens to delay large offshore wind projects in EU and UK

Industry fears strait of Hormuz closure could disrupt shipping of crucial parts for UK and German North Sea projects

The Guardian - UK

Hormuz is a trailer. Malacca is China’s real nightmare — and India knows it

The Strait of Hormuz crisis highlights global maritime vulnerabilities. For China, the Strait of Malacca presents a similar, long-term strategic risk. India's Andaman and Nicobar Islands offer proximity and surveillance capabilities, providing significant leverage. This geographical advantage allows India to create uncertainty and pressure, impacting China's vital trade and energy…

The Times of India

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Europe could face fuel shortage by April as Iran throttles supplies, says Shell boss

Wael Sawan warns of pressure on diesel and petrol if strait of Hormuz does not reopen to oil and gas shipping

The Guardian - UK

Goldman raises recession odds to 30% on higher inflation, lower GDP outlook as oil prices surge

Goldman said it expected six weeks of Hormuz disruption, with Brent crude averaging $105 per barrel in March and $115 in April before retreating to $80.

Fortune

Iran, the $39 trillion national debt and dedollarization: How Trump exposed America's Achilles Heel in Hormuz

With the national debt at $39 trillion and dollar dominance already at a 30-year low, the petrodollar system is more visible—and threatened—than ever.

Fortune

Weaponising Strait of Hormuz is 'economic terrorism': UAE minister warns of global fallout

Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC) said on Monday that weaponising the Strait of Hormuz is an act of 'economic terrorism' while highlighting the global consequences that affect far…

The Times of India

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Dow Adds 631 Points as Hormuz Vise Eases: Stock Market Today

Price action up and down and all over the world is being driven by the president of the United States in unprecedented ways these days.

Kiplinger

$Surprise US talks with Iran’s fractured leadership offer uncertain path out of conflict$

Surprise US talks with Iran’s fractured leadership offer uncertain path out of conflict

Speaker Mohammad Bagher Ghalibaf at first dismissed talks took place, insisting Trump’s claim was ‘fake news’ designed to soothe markets

The Guardian - UK

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

Fortune

Trump proposes extraordinary ‘joint leadership’ of Iran alongside ayatollah

The US president made the bizarre suggestion when speaking to reporters that both he and ‘the new ayatollah’ could also control the Strait of Hormuz

The Independent UK

‘Stop this savage being’: Iranians fear postponed Trump attack is merely disaster delayed

Some inside Iran believe threat was designed to divert attention from desire to seize islands in strait of Hormuz

The Guardian - UK

Kevin O'Leary Predicts the Strait of Hormuz Crisis Will be Resolved in The Next 30 Days

Kevin O'Leary discusses the potential resolution for the Strait of Hormuz blockade and its impact on global oil prices and the US economy.

International Business Times UK

Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star

International Energy Agency executive director, said world leaders had not properly understood the consequences of the strait of Hormuz’s closure

The Guardian - AU

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The Independent UK

US-Iran war latest: Tehran calls US peace talk claims ‘fake news’ as Trump sets new deadline to end war

Donald Trump says the US and Iran have held talks about a ‘total resolution of hostilities’

Axios

Trump to Iran: Open Hormuz in 48 hours or U.S. bombs power plants

A day earlier, Trump floated winding down the war.

The Guardian - US

‘Nobody else is responsible’: Trump to blame for Iran crisis, ex-CIA chief says

Leon Panetta calls president ‘naive’ over strait of Hormuz closure and says ‘the chickens are coming home to roost’

International Business Times

Iran Says Hormuz Open To All but 'Enemy' Ships After Trump Ultimatum

The announcement comes amid escalating tensions over the strategic chokepoint, through which roughly 20 per cent of the world's crude oil and liquefied natural gas normally flows.

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The Times of India

Trumpiana: Yankee Doodle’s poodles go noodles!

Donald Trump expressed "epic fury" at NATO allies for refusing to join the Iran war, branding them "cowards" and warning "we will REMEMBER!" He threatened to wind down U.S. military efforts in the Middle East, stating the U.S. was close to its objectives and that the Strait of Hormuz would…

Fortune

How the closed Strait of Hormuz poses an existential threat to Asia’s economic engine

“Asia is at the heart of this drama."

The Guardian - US

Trump news at a glance: president blasts Nato allies amid reports US will send more troops to Middle East

Trump called alliance members ‘cowards’ for not wanting ‘to help open’ the strait of Hormuz; more than a dozen nations later made vague offer to help

International Business Times UK

Trump Dismisses Ceasefire Talk and Claims Strait of Hormuz Will Unblock on Its Own

US President Donald Trump completely rejected a Middle East ceasefire while warning that the blocked Strait of Hormuz will eventually open itself amid soaring energy prices.

The Guardian - AU

Donald Trump ‘very surprised’ Australia declined to send troops to strait of Hormuz amid fuel crisis

US president claims he ‘always says yes’ to Australia, Japan and South Korea, after saying he didn’t need help from trio of countries earlier this week

Axios

Trump considers "winding down" Iran war without opening Hormuz Strait

This would end the U.S. war effort, but not the global energy crisis the war created.

The Guardian - UK

Anger grows among UK ministers amid fears Iran war could jeopardise Britain’s fragile finances

Some in cabinet in despair over possible impact of war begun by Donald Trump, who branded Nato allies ‘cowards’

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