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The Latest Breaking News from Hormuz

Middle East crisis pushes up oil prices – and could drive inflation rises too

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth

The Guardian - UK

Strait of Hormuz: if the Iran conflict shuts world’s most important oil chokepoint, global economic chaos could follow

The reported sinking of several Iranian warships by US missiles in the Gulf of Oman serves as a reminder of the maritime aspect of the conflict which began February 28 with a barrage of Israeli and American missiles targeting Iran. Two other vessels, believed to be tankers, have also been…

The Conversation

Middle East crisis: Oil tanker hit near Oman in Strait of Hormuz amid Iranian retaliation; 15 Indian nationals evacuated

An oil tanker, the Skylight, was attacked off Oman's coast, injuring four crew members and prompting an evacuation. This incident follows Iran's warning to close the vital Strait of Hormuz, a key global oil route. Shipping giants are suspending transit, and insurers are withdrawing cover, raising fears of severe global…

The Times of India

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How Iran’s closure of Strait of Hormuz could upend global oil and gas supplies

Iran has effectively shut down the Strait of Hormuz in retaliation for the US-Israeli war. Given that a quarter of seaborne oil and a fifth of global LNG shipments pass through this critical maritime route, the move may prove catastrophic for major economies dependent on energy supplies from the Gulf.…

The Independent UK

Conflict calculus: Why Khamenei is betting on war with US for regime survival

The United States has built up one of its largest Middle East deployments in years, with two aircraft carriers moving into position and additional warships and aircraft arriving in the region. The State Department has also begun thinning out exposed outposts. Meanwhile, Iran is preparing itself for a protracted war…

The Times of India

Iran temporarily shuts parts of Strait of Hormuz — why it matters far beyond the Gulf

Iran has temporarily closed parts of the Strait of Hormuz, one of the world’s most critical energy chokepoints, as tensions with the United States escalate. Iranian state and semi-official media reported live-fire naval drills in the narrow waterway, with missiles launched from inside Iran and along its coast reportedly striking…

The Times of India

Tehran threatens US and closes Hormuz for drills amid nuclear talks

Iran has temporarily closed the Strait of Hormuz for live-fire drills on Tuesday as tensions with the US escalate, even as new nuclear talks in Geneva seek to avert open conflict.

Euronews

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Iran-US talks: agreement reached on ‘guiding principles’ after ‘constructive’ meeting, Tehran says

Discussions through Omani intermediaries may pave way for further meeting on nuclear programme, Iran says

The Guardian - UK

Tehran's top diplomat goes to Geneva for nuclear talks amid IRGC's Hormuz war games

Iran and the US resume Geneva nuclear talks amid disputes over missiles and proxies, as Iran conducts IRGC war games in the strategic Strait of Hormuz.

Euronews

US-Iran War A 'Nuclear-Grade Bull Catalyst' For Bitcoin, Says Analyst, Even As Odds That Strait Of Hormuz Will Be Blocked Dips

Cryptocurrency analyst and author Adam Livingston argued Sunday that escalating geopolitical tensions in the Middle East could serve as a “nuclear-grade bull catalyst” for Bitcoin (CRYPTO: BTC).

Benzinga

Iran is considering closing the strait of Hormuz – why this would be a major escalation

Faced with the prospect of continuing Israeli airstrikes and further American involvement, Iran’s parliament has reportedly approved plans to close the strait of Hormuz.

The Conversation

Oil At $110? Goldman Flags Major Risk If Iran Disrupts Strait Of Hormuz Shipping

Fears of a major oil supply shock are mounting as tensions escalate in the Strait of Hormuz, a vital artery for nearly 20% of global crude shipments, with Wall Street racing to assess the potential price impact after the U.S. struck Iran over the weekend.

Benzinga

Asian Countries Most Vulnerable To Strait Of Hormuz Blockade

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites.

International Business Times

Iran Threatens Strait Of Hormuz After US Bombs Its Nuclear Sites: Shipping Traffic Plunges

As tensions continue to mount in the Middle East, maritime data from the region comprising key global shipping chokepoints is flashing red.

Benzinga

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The Conversation

Strait of Hormuz: closing vital oil and gas route would disrupt global supplies. How will Australia be affected?

The Iranian parliament has approved the closure of key shipping route the Strait of Hormuz, in a move that could further escalate the Israel/Iran war.

The Guardian - UK

Price of oil could spike after Iran’s parliament votes to close key shipping route

Move could cause a global recession and comes in response to the US strikes on three Iranian nuclear sites

The Guardian - UK

Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan

International Business Times UK

Global Oil Markets on Edge as Iran Threatens to Block Strait of Hormuz Amid Escalating War with Israel

Iranian officials allegedly plan to close the Strait of Hormuz. Can Donald Trump help prevent this?

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The Independent UK

Scientists reveal reason behind ‘blood rain’ that turned Iran’s shoreline crimson

Tourists were treated to the rare sight of blood-red rainwater flowing down a cliff to the beach on Hormuz Island last week

The Guardian - UK

Iran cites 19th century British maps in row over ownership of islands

Tehran cites 1888 charts in effort to prove ownership of islands near strait of Hormuz that are also claimed by UAE

The Guardian - UK

Iran’s Revolutionary Guards seize Israeli-affiliated ship

State news agency says MSC Aries was taken in strait of Hormuz and is being transferred to Iran’s territorial waters

Newsroom.co.nz

How not to build a tourism city

Despite its aesthetic appeal, the Iranian resort Majara is poised to be a sore point among local residents.

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