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The Latest Breaking News from the Strait of Hormuz

Oil Price Today (June 12): Crude oil hits 2-month low as Trump halts strikes on Iran. Where is liquid gold headed?

Oil prices dropped to a two-month low as President Trump called off planned military strikes on Iran, easing geopolitical tensions. Brent crude futures fell to $89.17 a barrel, and WTI crude dropped to $86.48. Despite Iran's earlier threats to close the Strait of Hormuz, commercial vessels continued to transit the…

The Economic Times

Refiners adjust sourcing as war rattles markets

Thailand's major oil refineries continue to operate smoothly and supply the nation with refined oil despite escalating conflict in the Middle East, according to the Federation of Thai Industries' Petroleum Refining Industry Club.

Bangkok Post

Trump says Iran peace deal is near after threatening new strikes

US President Donald Trump said Thursday he had halted plans for new military strikes on Iran, claiming negotiators were close to extending a fragile ceasefire. Hours before, he threatened to intensify the conflict by targeting Iran’s oil industry.

France 24

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OPINION - The Strait we ignore may be the one that hurts Britain most

Yet again the Strait of Hormuz dominates headlines as the on-off peace talks grind on with no clear end in sight. President Trump still shouts about it in full caps on Truth Social. Television producers still show on repeat the same map: Iran on one side, Oman on the other.…

Evening Standard

A US Army Apache helicopter went down near the Strait of Hormuz — an uncrewed drone boat made history by saving its crew

A US Navy drone boat rescued two Apache helicopter crew members near the Strait of Hormuz in a historic first.

TechRadar

Trump calls off latest threats to strike Iran, cites breakthrough in talks to end the war

U.S. President Donald Trump has called off new military strikes on Iran, hours after threatening to escalate the war

AAP

Crude Oil Prices Whipsaw Sharply Lower on Iran Peace Hopes

July WTI crude oil (CLN26 ) on Thursday closed down -2.32 (-2.58%), and July RBOB gasoline (RBN26 ) closed down -0.0085 (-0.27%). Crude oil and gasoline prices gave up an early advance and settled sharply lower on Thursday after President Trump said he canceled planned military strikes on Iran, signaling...

Barchart

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Watch: US shares footage of attack on MT Jalveer in Hormuz with Indians on board

The United States on Thursday shared footage of attack on MT Jalveer in the Strait of Hormuz which had 20 Indians on board, claiming that the foreign-flagged vessel attempted to transport oil from Iran through the Gulf of Oman.

The Times of India

Donald Trump threatens to take major Iranian oil terminal as fuel prices spike

DONALD Trump has said the United States will strike Iran “very hard tonight” and will take a major oil terminal on Kharg Island in the “not…

The National (Scotland)

Trump threatens to take 'total control' of Iran's oil industry as ceasefire teeters

U.S. President Donald Trump threatens to launch major strikes on Iran and seize control of its oil and gas industries as continuing attacks between the warring countries pushed the Middle East closer to the resumption of a full-scale war

AAP

Trump says US will hit Iran 'very hard,' threatens to take 'total control' of its oil industry

President Donald Trump says the U_S_ will hit Iran "VERY HARD TONIGHT," and threatens in a social media post to "assume total control" of Iran's oil and gas industries, including the key Kharg Island, in the "not too distant future."

AAP

Donald Trump Defends Soaring Costs As He Claims To 'Love' New Inflation Figures

Donald Trump said he 'loves' the latest 4.2 per cent US inflation figure, insisting soaring prices are tied to his war with Iran and secretive oil moves in the Strait of Hormuz.

International Business Times UK

US military says it used missile fire to disable a tanker trying to break its blockade on Iran

The U.S. military's Central Command says it struck an oil tanker in the waters just outside the Strait of Hormuz that was trying to break its blockade of Iranian ports

AAP

Iran responds to a second day of US strikes by firing at Gulf states and Jordan

The U

AAP

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AAP

Iran retaliates to a second day of US strikes by firing at Gulf states and Jordan

The U

France 24

2026 World Cup set to generate nearly $41bn in economic output

As the 2026 FIFA World Cup kicks off in Mexico this Thursday, we take a look at the tournament’s expected economic impact – both globally and on host countries. But the real winner, it seems, is FIFA, with record revenues forecast at $11 billion. Also in this edition, markets react…

The Times of India

22 ships, no lights: The 'secret mission' in Hormuz Trump says Iran didn't know about

US President Donald Trump on Wednesday claimed that the United States had secretly facilitated the movement of millions of barrels of oil through the Strait of Hormuz without Iran's knowledge, describing it as a covert operation that Tehran was learning about only now.

The Independent UK

3 Indians were killed on tanker shot by US military, Indian official says

An Indian official said Thursday that three Indian mariners were killed on board a tanker targeted by the U.S. military over allegedly violating America’s blockade on Iran

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AAP

US launches a second day of strikes on Iran and Iran fires back at the Gulf states and Jordan

The United States has launched a second round of airstrikes on Iran and Iran has fired back at Gulf States after President Donald Trump warned that Tehran would "pay the price" for stalled negotiations

AAP

US launches a second day of strikes on Iran and Iran fires back at Gulf States and Jordan

The Times of India

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 Economic Times

US and Iran trade attacks for a second day, undermining shaky ceasefire

United States and Iran exchanged air strikes for a second day. President Trump vowed more attacks if Iran does not agree to a peace deal. Tensions escalated after a US helicopter was downed near the Strait of Hormuz. Iran claimed to have closed the strait, a claim the US denied.…

The Times of India

Three Indian sailors killed after US strike on oil tanker off Oman near Strait of Hormuz

Two Indian sailors have died and a chief engineer is missing after a commercial vessel, MT Settebello, was attacked near the Strait of Hormuz. While 21 of the 24 Indian crew members were rescued, the incident raises serious concerns for seafarers in the volatile Gulf region. India has formally protested…

The Economic Times

Two Indian sailors dead, 1 chief engineer missing after vessel attack near Hormuz: Seamen's Union of India

Tragedy strikes Indian sailors near the Strait of Hormuz. Two seafarers are confirmed dead following an attack on a commercial vessel. One Indian sailor remains missing. Communication with the ship is severely disrupted. The Ministry of External Affairs has condemned the incident and is coordinating rescue efforts. India calls for…

The Times of India

Drone boat used in US rescue mission in Hormuz built by company co-founded by Indian-American engineer

A groundbreaking US military rescue mission near the Strait of Hormuz utilized an autonomous drone boat, developed by Texas-based Saronic Technologies, co-founded by Indian-American engineer Vibhav Altekar.

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