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The Latest Breaking News from Hormuz

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

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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

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.

Euronews

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 Economic Times

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 Independent UK

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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…

The Times of India

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 Guardian - US

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 Economic Times

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 Guardian - UK

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 Times of India

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

This blog is now closed

The Guardian - AU

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

MarketBeat

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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.

The Economic Times

Oil Price Today (May 19): Crude oil retreats from $110 as Trump delays planned strike on Iran. Where are prices headed?

Oil prices dipped Tuesday after President Trump delayed a planned military strike on Iran, following appeals from Middle Eastern leaders. This de-escalation eased immediate concerns over global crude supply disruptions. Analysts warn that a prolonged closure of the Strait of Hormuz could still impact markets significantly.

The Guardian - AU

‘Remain calm’: Japan is gripped by fears of a naphtha shortage. What is it and why are people worried?

Few had heard of the crude oil-derived chemical until recently, but shortages caused by the blockade of the strait of Hormuz have led to a spike in concern

The Guardian - UK

Free up fertiliser supplies to avert global food crisis, Yvette Cooper urges

UK foreign secretary says urgent pressure needed to get strait of Hormuz reopened and fertiliser and fuel moving

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Euronews

Iran sets up Hormuz transit authority to charge ships for passage

Tehran has launched a formal body to manage and charge ships for transit through the Strait of Hormuz in a highly-contested move as tankers pile up in the waterway and peace talks remain deadlocked.

The Economic Times

Iran state TV says European countries in talks with Tehran for Hormuz transit

European nations are in talks with Iran regarding passage through the Strait of Hormuz. This follows similar agreements with East Asian countries. Iran has largely controlled shipping since a conflict began in February. A ceasefire is now in place. Iran is preparing a system to manage traffic, benefiting cooperating commercial…

The Guardian - UK

UAE to complete second oil pipeline bypassing strait of Hormuz by 2027

State oil company fast-tracks previously undisclosed project, which is expected to double export capacity

PC Gamer

Here's how the Iran war is hitting key supplies for components, according to supply chain experts

The ripples span wider than you might think.

The Economic Times

Market under pressure: IT stocks face long-term headwinds as oil crisis and AI shift weigh on sentiment: Vinit Bolinjkar

Vinit Bolinjkar of Ventura Securities advises selling IT stocks. He highlights market risks from the Hormuz Strait crisis, foreign investor selling, as well as the global AI shift. Bolinjkar sees pressure on IT revenues and margins. He prefers Vodafone Idea in telecom. The consumer sector shows surprising strength this earnings…

The Economic Times

Oil Price Today (May 13): Crude oil snaps 3-day fall ahead of Trump’s China visit. What are experts saying?

Oil prices dipped after a three-day climb as investors monitored the fragile Iran ceasefire and an upcoming U.S.-China summit. The Strait of Hormuz remains effectively shut, impacting global supply and raising inflation concerns, with analysts warning of further price surges if disruptions persist.

Euronews

Global trade’s next top priority: Bypassing the Hormuz chokepoint

Global shipping firms are redesigning trade routes as tensions in the Strait of Hormuz disrupt supply chains, raise costs and expose the vulnerability of global commerce to geopolitical conflict.

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