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The Latest Breaking News from the Strait of Hormuz

Oil Price Today (July 14): Crude oil hits one-month high at $85 as US-Iran war tensions simmer. Will it cross $100?

Brent crude futures gained $1.68, or 2%, to $84.98 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.65, or 2.1%, to $79.79 a barrel. On Monday, Brent had surged 9.6%, marking its biggest single-day jump since May 2020. Crude prices are now at their highest levels since the…

The Economic Times

'20% is too much, we'll be fair': Iran mocks Trump's 'guardian of Hormuz' claim over transit fee

Iranian foreign minister Seyed Abbas Araghchi on late Monday mocked US President Donald Trump over his proposal to charge a 20% fee on cargo transiting the Strait of Hormuz, asserting that Iran, not the US, is the true "guardian" of the strategic waterway.

The Times of India

Bitcoin, Ethereum, XRP, Dogecoin Dip as Trump Reinstates Strait of Hormuz Blockade: Analyst Says Whales 'Actively Accumulating' BTC

Leading cryptocurrencies slid alongside stocks on Monday after President Donald Trump floated full U.S. control over the Strait of Hormuz and a reimbursement fee on all cargo passing through.

Benzinga

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'Hormuz blockade only for Iran and anybody doing business with them': Trump

In a bold move, US forces are set to re-establish a naval blockade in the vital Strait of Hormuz, specifically aimed at Iranian operations. This initiative is designed to significantly diminish Iran's military power and secure the essential shipping route. Current military engagements from the US have already dealt a…

The Economic Times

'20% too much, Iran will be fair': Iranian FM Araghchi takes dig at Trump over Hormuz "guardian" remark

In an amusing retort, Iran's foreign minister dismissed President Trump’s suggestion of charging fees for Strait of Hormuz security, claiming that Iran exclusively oversees this essential maritime route. Trump had previously indicated a twenty percent charge, but Iran strongly warned against US meddling, with both nations standing firm in their…

The Economic Times

Iran's military 'demolished', being hit 'very hard': Trump

United States President Donald Trump announced intensified strikes against Iran. He stated the US is blockading maritime traffic entering and exiting Iranian ports. These actions aim to impose a heavy cost on Iranian forces. Iran issued a stern warning against US intervention in Hormuz Strait management. President Trump will address…

The Economic Times

U.S. military renews strikes on Iran while tankers come under attack in Strait of Hormuz

US forces conducted strikes against Iran for a third night. Two tankers faced attacks in the Strait of Hormuz while transiting. President Trump declared a blockade and vowed to guard the vital waterway. Iran responded by targeting US facilities and equipment in the region. Oil prices surged significantly following these…

The Economic Times

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One Indian killed, six injured as Iranian missiles target two UAE tankers in Hormuz

Two UAE-flagged tankers were struck by Iranian cruise missiles in Omani waters. One Indian crew member died and eight others were injured in the missile attacks. The UAE condemned the strike as a grave violation of international law. The incident occurred amid renewed hostilities between the United States and Iran.…

The Economic Times

Gold price prediction: Will gold rate go up in August even if Strait of Hormuz remains closed, Iran war continues? Details here

Gold rate today: Gold price has been heavily impacted by the latest developments surrounding the Strait of Hormuz and U.S.-Iran war.

The Economic Times

Trump Faces New Iran War Crisis as Conflict Escalates and Fears of US Involvement Grow

Donald Trump's naval blockade on Iran escalates Middle East tensions, impacting global oil prices and involving key US allies, raising fears of deeper US military involvement.

International Business Times UK

Motorists to pay price for US blockade, toll in strait

While the government is concerned about the impact on petrol prices, the opposition warns a US toll in the Strait of Hormuz would set a dangerous precedent.

AAP

Trump announces Thursday speech reopening 2020 election fraud claims

US President Donald Trump will deliver a national address on Thursday regarding newly declassified intelligence on investigations into the 2020 presidential election and alleged voting machine flaws – reviving fraud claims long dismissed by courts and officials, as critics warn the speech could lay groundwork to contest future midterm losses.

France 24

US launches third straight night of strikes on Iran as Strait of Hormuz tensions escalate

United States forces conducted strikes on Iranian military assets for a third night. These actions aim to degrade Iran's ability to attack commercial shipping. President Trump announced plans to reinstate a blockade on Iranian shipping. The Strait of Hormuz has become a focal point of US-Iran confrontation. A maritime blockade…

The Times of India

FACT FOCUS: A look at US and Iranian claims of control over the Strait of Hormuz

A focal point of the Iran war is increasingly about who controls the Strait of Hormuz — a waterway that for decades was a relatively safe transit route for Middle East oil and natural gas supplies

The Independent UK

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Evening Standard

Starmer calls for restriction-free Strait of Hormuz as Trump threatens tolls

The move by the US president to slap a charge on vessels using the sea route is branded ‘economic extortion’ by critics.

International Business Times UK

UN Shipping Agency Says There Is 'No Legal Basis' for Trump's Hormuz Toll Plan

The UN's maritime agency has rejected Donald Trump's proposal to charge a 20% fee for vessels passing through the Strait of Hormuz, citing no legal basis for tolls on international waterways.

The Times of India

Middle East crisis: US to resume naval blockade of Iranian ports, warns vessels of interception

The United States will restart enforcing a maritime blockade on Iran from Tuesday. This action targets all vessels entering or leaving Iranian ports and coastal areas. American forces will enforce the blockade against vessels transiting to or from Iranian ports. Commercial mariners have been advised to monitor official navigation notices…

Barchart

Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26 ) closed up +0.1817 (+6.09%). Crude oil and gasoline prices surged on Monday, with crude posting a 3.5-week high and gasoline posting a 5-week high. Crude prices soared amid an escalation of US-Iran...

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Fortune

Trump takes a page from Iran's playbook on the Strait of Hormuz, leveraging U.S. influence over the contested chokepoint to generate revenue

Trump announced the U.S. will reimpose a naval blockade on Iran and will demand reimbursement on all other cargo shipped through the waterway.

The Economic Times

Some ships still crossing Strait of Hormuz despite security threat

A small number of vessels crossed the Strait of Hormuz on Sunday, despite the heightened security threats as Tehran and Washington battle for control of the strategic waterway. Just 14 vessels -- half of which were commercial ships -- crossed on Sunday, according to data from maritime tracker Kpler, suggesting…

The Independent UK

Trump asks ships to pay 20% toll in Strait of Hormuz and reimposes US blockade on day of chaos

US military’s Central Command says it controls Strait of Hormuz but Iran’s Revolutionary Guard rejects claim

Radio France Internationale

France, Germany, UK condemn Iran attacks as renewed fighting with US puts peace deal at risk

The foreign ministers of France, Germany, and Britain have condemned Iran's attacks on shipping in the Strait of Hormuz and on countries in the region, as Iran and the United States have traded attacks in recent days, casting doubt on their interim agreement to end the war.

Bangkok Post

Trump says US reinstates Iran blockade, will be 'paid' for guarding Hormuz

WASHINGTON (UNITED STATES) - President Donald Trump said Monday that the United States was reinstating its blockade of Iranian ports and "taking over" the Strait of Hormuz, where it would levy charges on shipping.

Barchart

Crude Oil Prices Surge as US Reinstates Blockade of Iran

August WTI crude oil (CLQ26 ) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26 ) is up +0.1036 (+3.47%). Crude oil and gasoline prices are up sharply today amid an escalation of US-Iran hostilities over control of the Strait of Hormuz. Gains in crude oil accelerated today after...

The Independent UK

Trump is a toxic ally. His war with Iran is once again spreading across the Gulf

ANALYSIS: As the war in Iran spreads again to Oman, Bahrain and Kuwait and Donald Trump announces a 20 per cent toll on all ships passing through the Strait of Hormuz, it’s time the Gulf states realised the US president is a dangerous ally, writes world affairs editor Sam Kiley

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