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The Latest Breaking News from Strait of Hormuz

Middle East live: US forces shoot down Iranian drones near Strait of Hormuz

US forces shot down two Iranian one-way attack drones as Tehran appeared to attempt to strike commercial ships transiting the Strait of Hormuz, hours after US President Donald Trump announced a "great settlement" to end the war. Follow our liveblog for the latest updates.

France 24

Why crude oil markets suddenly reversed course today: US oil prices collapse below $87 after Trump cancels Iran strike plans, WTI crude drops 3%

US oil prices collapsed below $87 as WTI crude dropped nearly 3% after President Trump canceled planned Iran strikes. The move reversed a war-driven rally as diplomatic back-channel talks between Washington and Tehran signalled possible de-escalation. Iran's Strait of Hormuz closure and record-low OPEC output kept supply fears alive. But…

The Economic Times

World markets walk a tightrope between AI stocks and oil shocks

Global markets are on a knife edge, facing a potential AI boom or oil shocks from the U.S.-Iran conflict. Investors are navigating volatile conditions, with correlations between tech, interest rates, and oil creating uncertainty. The outlook hinges on the Strait of Hormuz reopening, with stagflation risks looming if oil prices…

The Economic Times

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Missile barrage across Gulf puts region on edge; hopes of an Iran-US deal fade as both sides trade fire: 10 things to know

Tensions surge as the US and Iran exchange fresh military strikes. Iran targeted US bases in Bahrain, Kuwait, and Jordan. The US responded with strikes inside Iran. Regional nations condemned Iran's actions. Fears of a wider war across West Asia intensify. The Strait of Hormuz remains a flashpoint. Diplomatic efforts…

The Times of India

Iran says ceasefire now 'practically meaningless' after US strikes

After a second day of exchange of fire between the US and Iran, Tehran further said the Strait of Hormuz was now shut to all shipping, a claim CENTCOM denied.

Euronews

Trump says canceling Iran strikes on Thursday

This liveblog is no longer being updated.

France 24

Iran closes Strait of Hormuz after fresh US strikes; IRGC clashes with American forces, says report

Iran announced the closure of the Strait of Hormuz on Thursday after the United States launched a new wave of strikes on targets inside the country. Iran's top joint military command said the strategically important waterway was closed to all traffic, including oil tankers and commercial vessels, and warned that…

The Times of India

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US announces secret Hormuz mission; Trump claims 100 million barrels of oil moved through Hormuz

US President Donald Trump said on Wednesday that the United States had successfully helped move more than 100 million barrels of oil through the Strait of Hormuz as part of a previously undisclosed military operation, while simultaneously warning that Iran would face a severe US attack if ongoing efforts to…

The Times of India

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

As the Strait of Hormuz remains closed for the fourth month, “one development stands out: prices have become remarkably calm,” JPMorgan analysts said.

Fortune

Meet Vibhav Altekar, the Indian-origin engineer behind the drone boat that pulled off a first-of-its-kind US military rescue

A remarkable rescue operation near the Strait of Hormuz saw an autonomous vessel, Corsair, play a vital role. Developed by Saronic Technologies, co-founded by Indian-American engineer Vibhav Altekar, the vessel helped save two US Army personnel. This event marks a significant milestone for autonomous maritime technology, demonstrating its capability in…

The Economic Times

Extraordinary rescue as drone boat saves downed American pilots in the Strait of Hormuz

IN FULL

The Independent UK

Watch: Trump's 'proportional response' to Iran after helicopter attack

Following Iran's downing of a US Apache helicopter near the Strait of Hormuz, President Trump ordered retaliatory strikes on Iranian air defense systems. This escalation intensifies months of Middle East tensions, disrupting shipping and raising global energy prices. Iran vowed a "decisive response," casting doubt on ceasefire efforts amid ongoing…

The Times of India

'We Prefer Diplomacy But Speak Other Languages Too': Araghchi Says After Iran Downs US Apache

Iranian Foreign Minister warns US forces after an Apache helicopter is downed near the Strait of Hormuz, escalating tensions and challenging the fragile ceasefire in the region.

International Business Times UK

Trump blames Iran for Apache helicopter attack, says US must respond "of necessity"

US President Donald Trump said Iran downed a sophisticated Apache helicopter. The incident occurred overnight while the aircraft patrolled the Strait of Hormuz. President Trump stated the United States must respond to this attack. This development signals a significant escalation in regional tensions.

The Economic Times

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The Economic Times

Why crude oil is falling fast today: Oil prices crash below $88 as US-Iran peace deal hopes send Brent crude, WTI oil and energy markets lower

Oil prices crashed below $88 after reports said a US-Iran draft agreement gained preliminary acceptance in Washington. Brent crude fell near $91, while WTI crude dropped below $88. Markets are now pricing peace instead of conflict. The shift shows how geopolitical risk, the Strait of Hormuz, and global energy supply…

Euronews

Trump insists Iran deal is days away as both sides step back from brink

Speaking after Monday's exchange of strikes — the biggest blow yet to the April ceasefire in the Iran war — Trump said bombing Iran further would keep the Strait of Hormuz closed for months and cost lives.

The Economic Times

Oil Price Today (June 8): Crude oil flares up 5% as Israel attacks Iran, Lebanon in latest escalation. What's next?

Oil prices surged 5% on Monday after Israel launched fresh strikes on Lebanon, raising fears of renewed Middle East tensions and potential disruptions to crude flows through the Strait of Hormuz. U.S. crude climbed to $92.64 a barrel, while Brent crude rose to $95.42 a barrel.

The Independent UK

Iran-US war latest: Israel launches retaliatory strikes on Iran’s military targets after missile attack

Explosions were reported in several cities, including Tehran and Isfahan

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France 24

Live: Israel reports missiles from Iran in first bombardment since fragile ceasefire

This liveblog is no longer being updated.

The Economic Times

US forces shoot down two Iranian attack drones in Strait of Hormuz amid fresh escalation

United States forces have intercepted and destroyed two Iranian drones. These drones posed a threat to commercial shipping in the Strait of Hormuz. This action marks a fresh escalation of hostilities in West Asia. The incident follows Iran's earlier missile and drone attacks on the strategic waterway and its Gulf…

The Economic Times

As OPEC+ meets, Iran war hobbles power to shape oil market

OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz was effectively blocked by conflict. However, analysts believe geopolitical realities and dwindling supply mean any output increases will have limited impact on global prices.

The Economic Times

Russia's oil major says US companies benefit from the closure of the Strait of Hormuz

Rosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the United States is altering global energy markets to serve its own interests. Sechin also noted that the OPEC+ group has weakened due to member withdrawals. He warned…

International Business Times

Rosneft Chief Says US Energy Firms Gain From Strait Of Hormuz Closure Amid Global Oil Disruption

The comments came at Russia's flagship economic forum as governments and energy producers continue to grapple with supply disruptions linked to the Middle East conflict.

The Independent UK

Iran-US war latest: Two more drones downed over Strait of Hormuz as Trump claims he ‘destroyed’ Tehran’s military

It comes as the US military said it downed six Iranian missiles in the Gulf

The Economic Times

Kuwait intercepts 'hostile' missile, drone attacks days after fatal airport strike

Kuwaiti air defenses are actively intercepting hostile missile and drone attacks, following a recent drone strike that killed an Indian national. The escalating regional tensions have triggered defensive alerts in Bahrain, highlighting a potential cross-border escalation. This comes amid recent Iranian drone deployments towards the Strait of Hormuz, which were…

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