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The Latest Breaking News from Hormuz

Fresh US-Iran talks are ‘last chance’ for Tehran to avoid war escalating, Trump says

US president expects negotiations to begin in next day or two but Iran says it is not reviving talks with Washington

The Guardian - UK

First Thing: Trump promises new Iran talks as Tehran touts Hormuz shipping deal with Oman

US president says he called off another US attack on Iran as part of a push for an agreement. Plus why Pokémon Go is still bring global joy 10 years on

The Guardian - UK

Second tanker with Qatari LNG struck in Hormuz within a month as force majeure widens

The GasLog Shanghai was struck while leaving the Strait of Hormuz, weeks after the Al Rekayyat was hit in the same area. Italian utility Edison said QatarEnergy had extended force majeure on a further three cargoes, bringing the total affected to 24 shipments through September.

Euronews

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Trump says deal will be made on Strait of Hormuz after calling off ‘WW2-level strikes’

IN FULL

The Independent UK

Recession risk if Strait of Hormuz stays closed until next year

IN FULL

The Independent UK

Iran-US war latest: Trump says Tehran has ‘last chance’ to make deal and Strait of Hormuz could open tomorrow

Trump said the agreement would include reopening the Strait of Hormuz and address Iran’s nuclear program

The Independent UK

Trump says Iran talks set for Monday as Tehran and Oman discuss strait of Hormuz deal

The US president did not provide details of where Monday meeting would take place or who would be involved

The Guardian - AU

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Oil prices surge 20% in July as US-Iran war heightens Strait of Hormuz tensions

Oil prices saw volatility last week but are set for significant monthly gains. Escalating United States-Iran tensions and Houthi attacks are impacting global energy markets. Saudi Arabia is forming an alliance to protect Red Sea navigation from militant blockades. Concerns also persist regarding supply disruptions in the Black Sea region.…

The Economic Times

Trump says new Iran talks set to start on Monday after calling off massive attack

US Iran news: New negotiations between the US and Iran will begin Monday to end the ongoing war. Talks will focus on the Strait of Hormuz and Iran's denuclearization efforts. Oil prices dropped as the announcement of these new talks was made. Iran is nearing a deal with Oman over…

The Economic Times

OPEC+ Agrees To Boost Oil Output. It May Not Reflect In Market Soon.

Export disruptions from the Gulf, Russia and Kazakhstan due to geopolitical conflicts meant that successive OPEC+ have remained largely on paper, causing little impact on the market. Major oil producers in the Gulf have not been able to increase exports due to the closure of Hormuz enforced by Iran.

International Business Times

Hormuz oil shuttling trade is picking up again after lull

Producers are using their own vessels or fixed contracts to ensure oil delivery. This activity is crucial for global oil markets, which rely on Hormuz transits.

The Economic Times

Iran strikes tankers under US escort in Hormuz strait as Trump gathers cabinet to discuss war

Energy prices have soared again since fighting between US and Iran resumed two weeks ago as conflict spreads across Middle East

The Guardian - UK

Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

The Independent UK

Houthis to copy Iran's Hormuz playbook with Red Sea toll plan

Yemen's information minister said intelligence confirmed IRGC advisers were directly involved in designing a Houthi-enforced toll system for the Bab el-Mandeb, mirroring Iran's contested claim to charge fees in the Strait of Hormuz.

Euronews

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The Economic Times

India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge Ratings

India faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per barrel. This scenario threatens inflation and the Indian rupee's stability. Smaller businesses are particularly exposed to rising costs and liquidity stress. Global supply chains and India's trade balance would experience…

The Economic Times

Iran rules out Oman's proposal for regional joint management of Hormuz Strait, senior Iranian official tells Reuters

Iran has rejected Oman's proposal for joint management of the Strait of Hormuz. A senior Iranian official stated the plan has no chance of success. The official added that the US and Saudi Arabia are pressuring Oman. They are trying to advance their unrealistic plans for the strategic waterway. Tehran…

The Guardian - UK

Ships stuck in strait of Hormuz pose ‘super-spreader’ biodiversity threat, scientists warn

Biologists say cargo ships stranded in Gulf may carry highly potent invasive species around the world as trade resumes

The Independent UK

Iran-US war latest: Trump resumes ‘heavy waves of strikes’ on Iran after vowing to avenge surprise missile attack

Iran targeted US bases in Jordan and claims to have struck three tankers in Strait of Hormuz

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The Guardian - UK

Trump pausing Iran attacks shows US military power is not enough on its own

Tehran has not been bombed into submission, leaving America unable to enforce its demands without a ground war that it does not want

The Economic Times

Why is Oman proposing a new plan to manage the Strait of Hormuz?

Oman has proposed a regional management plan for the Strait of Hormuz. This plan suggests voluntary fees to cover operational costs and services. Iran previously sought to control the strait and charge transit fees. The United States also considered charging for passage through the waterway. International law generally prohibits charging…

The Guardian - AU

Asia ‘scraping the bottom of the barrel’ as Red Sea oil blockade worsens energy crisis

The Houthi threat to Saudi oil exports comes as Japan, South Korea and the Philippines are still reeling from the closure of the strait of Hormuz

The Guardian - UK

Trump warns of return to ‘strong military action’ if Iran diplomacy fails

Washington and Tehran issue conflicting messages over the status of talks to end Middle East crisis

The Guardian - UK

Oil prices fall as US pauses strikes on Iran over strait of Hormuz

Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall

The Economic Times

Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows

Ship traffic through Bab el-Mandeb decreased Sunday after Houthi attacks on Saudi oil sites. Fewer than ten commodity vessels passed through the Strait of Hormuz over the weekend. Seven vessels transited Hormuz on Sunday, including three Iranian-linked tankers.

The Economic Times

Red Sea shipping slumps after Houthi strikes on Saudi Arabia energy infrastructure

Ship traffic through Bab el-Mandeb declined significantly on Sunday. This occurred after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast. Meanwhile, transit through the Strait of Hormuz stayed low over the weekend. Seven commodity vessels passed through Bab el-Mandeb, the lowest level in months. Red Sea traffic…

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