Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Strait

Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crude

Reliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage costs in the Gulf. Shipping traffic through the Strait of Hormuz remains below average levels. Iraq offers steep discounts on its crude to attract buyers. Several refiners…

The Economic Times

Trump: Strait of Hormuz ‘sort of open’ and Iran war will end ‌soon

IN FULL

The Independent UK

Analyst Says Proposed Iran-Oman Deal May Have Just Dimmed Hopes for Lower Oil Prices, but National Average Gas Price Could Fall Below $4

GasBuddy analyst Patrick De Haan said reports of a potential Iran-Oman agreement to reopen the Strait of Hormuz with tolls are weighing on hopes for lower gasoline prices.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

A deal to reopen the Strait of Hormuz nears – but Iran now holds all the cards

THE INDEPENDENT VIEW: Editorial: We should applaud any breakthrough that lessens the risk of a global recession, but this is no victory for Donald Trump and only highlights the folly of the president’s senseless war

The Independent UK

Brent crude tops $80 per barrel as Hormuz talks, tanker attacks keep supply risks high

Oil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent topped $80 a barrel while traders remained cautious over Strait of Hormuz developments and persistent geopolitical risks affecting global energy markets.

The Economic Times

Fallout from war in Iran is leaving millions vulnerable to hunger

In Yemen, disruption of supplies through the Strait of Hormuz is compounding one of the world's worst humanitarian crises

The Independent UK

Iran's Acting Defence Minister says forces ready for any threat amid US tensions

Iran's defense minister stated the nation's armed forces are fully equipped for any threat. He asserted Iran's indigenous technology surpasses regional military hardware. US President Donald Trump issued new warnings of military action against Iran. Trump claimed discussions were ongoing for the Strait of Hormuz reopening. Iran's foreign ministry spokesperson…

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

'No fees or tolls': How the Iran-Oman deal to reopen Strait of Hormuz will work

A deal between Oman and Iran would reopen the Strait of Hormuz by directing inbound traffic through a route closer to Iran and outbound traffic through a route closer to Oman, according to a report. The development comes as Tehran said on Wednesday that the two countries had agreed on…

The Times of India

Trump will sell a Hormuz deal as a success. It barely takes him back to where he started

IN FOCUS: The US and Iran have fought over the Strait for months, deepening a global economic crisis. Experts tell Alex Croft that Trump may end up accepting key Iranian demands just to end an unpopular war

The Independent UK

Iran-US war latest: Trump claims Strait of Hormuz is ‘sort of open’ and predicts Tehran will seek peace soon

US president tells reporters in Oval Office: 'I don't think they [Iran] can go much longer'

The Independent UK

US-Iran-Oman near interim deal to reopen Strait of Hormuz: Report

The United States is nearing an interim agreement with Iran and Oman. This deal aims to reopen the Strait of Hormuz and restore a ceasefire. The arrangement will govern maritime traffic through the strait for sixty days. Naval mines will be cleared from a key shipping lane within thirty days.…

The Economic Times

US-Iran talks: Rubio says progress made on Strait, nuclear deal

US Secretary of State Marco Rubio detailed negotiations with Iran on two key objectives. These talks focus on reopening the Strait of Hormuz for safe maritime navigation. The ultimate goal remains the complete denuclearization of Iran, which is a long-term objective. Mediated by Oman, progress has been made in these…

The Economic Times

US hopeful of Hormuz deal within days as diplomacy with Iran gathers pace

The United States expresses hope for a deal with Iran to reopen the Strait of Hormuz soon. Treasury Secretary Scott Bessent indicated talks could yield an agreement today or tomorrow. This comes as a cargo vessel was struck in the vital waterway, highlighting security concerns. President Donald Trump warned Iran…

The Economic Times

As confusion reigns over Hormuz talks, Fortune gets exclusive access to a UN-backed plan to reopen the strait

The Strait of Hormuz is the key battleground in the U.S.-Iran war, with vital ship traffic all but halted in recent months. There is a project to break the impasse.

Fortune

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

Iran warns of strikes on US warships if Hormuz route is violated

Iran's high-ranking military advisor, Mohsen Rezaee, has dismissed US President Trump's statements about the potential reopening of the Strait of Hormuz. He emphasized that Iran would take action against any unauthorized vessels in the area. While Trump suggested ongoing discussions for this reopening and for Iran's denuclearization, Iran has unequivocally…

Euronews

Trump warns Iran facing 'last chance before decapitation,' says negotiations are ongoing

Speaking to reporters at the White House, Trump said he agreed to continue to pursue talks with Iran at the request of Saudi Arabia, the United Arab Emirates, Qatar and other countries.

Barchart

Crude Oil Prices Sink as Talks Signal Progress on Reopening Strait of Hormuz

September WTI crude oil (CLU26 ) closed down -4.33 (-5.11%) on Monday, and September RBOB gasoline (RBU26 ) closed down -0.1475 (-4.74%). Crude oil and gasoline prices settled sharply lower on Monday, with gasoline falling to a 3-week low. Easing tensions in the Middle East weighed on crude prices on...

International Business Times UK

Britain's 2027 Money Warning: How a Closed Strait of Hormuz Could Hit Your Wallet

Ernst & Young warns that the UK could face a recession if the Strait of Hormuz remains closed, impacting inflation and economic growth. The closure affects global energy markets and UK households.

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

Oil tumbles as Trump cancels attack on Iran to reach nuclear deal

Oil prices dropped significantly on Monday after President Trump paused new Iran attacks. He seeks a swift agreement to halt Tehran's nuclear program and reopen the Strait of Hormuz. This move follows a month of over twenty percent price jumps due to renewed conflict. OPEC+ approved an oil production increase,…

Bangkok Post

Trump says will hold off on fresh Iran attack in hope of quick deal

CAIRO - US President Donald ‌Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.

Euronews

Two reported attacks on tankers near Strait of Hormuz

The Strait of Hormuz, which connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, is one of the world's most crucial oil and gas transit chokepoints, carrying roughly a quarter of the global seaborne oil trade.

The Economic Times

'No plans to negotiate with US': Iran dismisses Trump's claims, says Washington 'pleaded for end of conflict'

In a firm stance, Iran's Deputy Foreign Minister has made it clear that there are no intentions to negotiate with the United States. Instead, the focus remains on fruitful discussions with Oman. He warned that any European naval ships entering the Strait of Hormuz would be treated as legitimate targets.…

The Economic Times

Ships transiting via Bab el-Mandeb strait at highest in a week, data shows

Thirty-seven commodity ships passed through the Bab el-Mandeb strait on Tuesday, a notable increase. Only a few vessels transited the Strait of Hormuz, indicating a shift in shipping routes. Yemen's Houthis claimed missile attacks on a Saudi oil tanker in the Red Sea. China has engaged in direct talks with…

Euronews

US and Iran hold fire for third night as talks given 'space'

There had been 13 consecutive nights of US strikes on Iran, which the US military said aimed to "degrade Iran's ability to threaten commercial shipping in the Strait of Hormuz."

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.

1 2 3 4 5

People

Alisha Rahaman Sarkar

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.