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The Latest Breaking News from Strait

Oil's worst-case scenario: $200 if Hormuz remains closed

It could become a reality if the Iran war ends without reopening the strait.

Axios

Will UAE enter Iran war? Abu Dhabi pushes US, allies to reopen Strait of Hormuz by force

The UAE is reportedly considering military intervention against Iran, a significant shift from its previous neutral stance. Repeated Iranian attacks and the disruption of the vital Strait of Hormuz have pushed Abu Dhabi to explore options, including supporting US-led efforts to reopen the oil route. This move carries substantial risks…

The Times of India

Trump Tells U.K. and Other Allies to 'Get Your Own Oil' as Strait of Hormuz Crisis Deepens

President Donald Trump lashed out at European nations like Britain and France, telling countries struggling with fuel shortages to "get your own oil" as the Strait of Hormuz remains severely disrupted.

International Business Times

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American brute force has failed in Iran – diplomacy must now resume

THE INDEPENDENT VIEW: Editorial: Donald Trump’s declaration that his Western allies must secure the Strait of Hormuz and get oil supplies going again is a cynical exercise in face-saving – and, Mr President, we will remember

The Independent UK

Crude Oil Prices Rally as Strait of Hormuz Remains Closed

May WTI crude oil (CLK26 ) today is up +0.91 (+0.88%), and May RBOB gasoline (RBK26 ) is up +0.0178 (+0.56%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 3-week high after President Trump said he is willing to end the US military campaign...

Barchart

Markets cheer as Trump threatens to abandon the Strait of Hormuz, leaving the oil market in crisis

The White House is signaling that it’s ready to leave the strait in allies’ hands: “The USA won’t be there to help you anymore, just like you weren’t there for us.”

Fortune

Kevin O’Leary Is Rooting for a Possible ‘Game-Changer’ Move to End Iranian Control of the Strait of Hormuz: $70 Oil in Store

Kevin O'Leary's ideal solution to return to cheaper gas prices would be easier said than done.

Barchart

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As Iran war passes one-month mark, mission creep clouds Trump’s strategy

Mission creep has stymied U.S. presidents in the Middle East and beyond, and now the escalation of President Donald Trump’s military operation in Iran has left him with no clear off-ramp as congressional Democrats lambaste his command of the war. The commander in chief and his top war aides initially…

Roll Call

'Get your own oil': Trump mocks UK, other countries amid Iran chokehold on Hormuz; slams France for being 'unhelpful'

US President Donald Trump criticised its allies stating that the countries facing jet fuel shortages due to Iran's control of the Strait of Hormuz should source their own oil. Trump also accused France of being unhelpful regarding Iran as tensions are escalating in the Middle East, impacting global oil prices.

The Times of India

Trump tells UK ‘go get your own oil’ and warns that the US ‘won’t help you any more’ in latest tirade over Iran war

US president tells Keir Starmer to get some ‘courage’ and and ‘take’ fuel from the Strait of Hormuz

The Independent UK

Donald Trump tells UK to secure Strait of Hormuz and ‘go get your own oil’

Donald Trump said allies would have to fight for themselves as ‘the USA won’t be there to help you anymore, just like you weren’t there for us’.

The Independent UK

Donald Trump tells Britain to secure Strait of Hormuz and ‘go get your own oil’ as energy prices set to soar

Donald Trump said allies would have to fight for themselves as ‘the USA won’t be there to help you anymore, just like you weren’t there for us’

Evening Standard

What is the ‘Gate of Tears’? Key shipping route that could be attacked by Houthis and disrupt global economy

The Bab al-Mandab strait has been a vital shipping route for Saudi Arabia since the closure of the Strait of Hormuz

The Independent UK

U.S. average gas price hits $4 a gallon

There's little hope that costs will ease as the Strait of Hormuz remains closed to most ships, straining supplies worldwide.

Axios

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International Business Times UK

Trump Iran Threat 'No Deal, No Infrastructure' Warning Shakes Strait of Hormuz Talks

Trump warns Iran of targeting civilian energy and water systems if Strait of Hormuz deal fails, raising oil market and Middle East tensions

Euronews

Oil above $115 as markets grapple with uncertainty over Trump’s next move

Oil prices climbed higher by early afternoon in Europe, following news about further escalation of the war in Iran.

We Got This Covered

Marco Rubio discovering consequences in real time after Iran does what it promised: ‘That’s not going to be allowed’

The Strait has become the perfect leverage for Iran.

Latin Times

Marco Rubio Says Iran Won't Be Able To Control The Strait Of Hormuz: 'Will Never Be Allowed To Happen'

Secretary of State Marco Rubio said Iran won't be able to control the Strait of Hormuz, a key waterway through which about 20% of the global energy goes through, after officers in Tehran said they intend to.

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The Independent UK

Iran will allow 20 ships through Strait of Hormuz in ‘meaningful step toward peace’

IN FULL

The Independent UK

Thailand strikes deal with Iran for safe oil passage through Strait of Hormuz, PM says

Development would alleviate concerns over fuel imports, Thai PM says

The Times of India

'Unusual': Two Chinese vessels abort bid to pass Strait of Hormuz despite Iran's assurances of safe passage

Two large Chinese-linked container ships made an abrupt U-turn near the Strait of Hormuz on Friday as Iran tightens its grip on one of the key passages for global shipping. Ship-tracking data showed the CSCL Indian Ocean and CSCL Arctic Ocean, both linked to China’s state-owned COSCO Shipping, attempted to…

The Independent UK

Iran starts to formalize its chokehold on the Strait of Hormuz with a 'toll booth' regime

Iran is cementing its hold over the Strait of Hormuz, demanding vessels give up detailed information and detour into Iranian waters before being vetted by Iran’s Islamic Revolutionary Guards Corps

Barchart

The Strait of Hormuz Crisis Provided a Temporary Distraction from a Collapse Brewing in AI Stocks. What Comes Next Could Get Ugly.

April is likely to be the month of a great AI reality check.

International Business Times UK

Inside the Viral 'Lord of the Straits' Video: Iran's Message and the Online Reaction

A viral Iranian animation highlights the Strait of Hormuz crisis, showing geopolitical risks and the potential global oil supply shock.

Barchart

3 Top Strait of Hormuz Stocks, and How the FCC is Boosting SpaceX

Our senior market strategist unpacks the investing opportunities behind this week’s big headlines, including the SpaceX IPO and the Strait of Hormuz slowdown.

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