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The Latest Breaking News from the Strait of Hormuz

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...

Barchart

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

The Independent UK

Donald Trump says US to reinstate Hormuz blockade and impose 20 per cent cargo charge

DONALD Trump has said that the US will reinstate the Strait of Hormuz blockade and impose a 20 per cent charge on cargo ...

The National (Scotland)

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Dubai plans new port to cut reliance on Strait of Hormuz

DP World is planning to develop a new port and a container terminal on the United Arab Emirates' east coast in a move aimed at reducing Dubai's reliance on its flagship Jebel Ali Port. It looks to create an alternative trade route that bypasses the Strait of Hormuz.

The Times of India

US to charge 20% on Strait of Hormuz cargo, says Trump; reinstates naval blockade on Iran

President Donald Trump announced the United States is reinstating a naval blockade on Iran. He stated the U.S. will be reimbursed twenty percent on all cargo shipped through the Strait of Hormuz. Iran claimed it had closed the vital waterway following an unauthorized transit. U.S. and Iranian forces exchanged missile…

The Economic Times

The U.S. Is Seeking To Prevent Iran From Charging Tolls In The Hormuz Strait. Now Trump Says The U.S. Will Do it

President Donald Trump said that the U.S. will collect revenue from protecting ships passing through the Strait of Hormuz.

International Business Times

Trump wants US reimbursed for being the Strait of Hormuz’s ‘guardian angel’

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The Independent UK

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Trump Floats Permanent Hormuz Control as 'Guardian Angel' and Get 'Reimbursed' by Wealthy Allies: 'Can't be Expected to do it For Nothing'

President Donald Trump has declared that the U.S. is considering taking control of the Strait of Hormuz permanently and expects compensation for the task.

Benzinga

Who guards Hormuz and who gets paid? Trump and Iran clash over control of the strait

The conflict between Iran and the United States over the Strait of Hormuz continues. Both nations are contesting control of the vital waterway amid ongoing attacks. The United States conducted significant strikes on Iranian targets following an attack on a container ship. Iran stated it alone has authority to control…

The Times of India

Trump says the US will control Strait of Hormuz and get paid for it

WASHINGTON - US President ⁠Donald Trump said on Monday that the United States would probably take over the Strait of Hormuz and should be reimbursed for controlling the vital ‌waterway.

Bangkok Post

U.S. And Iran Are Continuing To Escalate. Traffic Through The Strait Of Hormuz Fell To Its Lowest In More Than a Month

The U.S. and Iran escalated strikes over the past days, leading to a decline in traffic through the Strait of Hormuz.

International Business Times

Passage through Strait of Hormuz 'unfeasible' after US actions, says Persian Gulf Strait Authority; halts transit permits

Passage through the Strait of Hormuz is now unfeasible, according to the Persian Gulf Strait Authority. Recent U.S. military actions have prompted a temporary halt to transit permit processing. The authority stated applications will resume once the security situation stabilizes. This announcement follows escalated tensions and U.S. strikes on Iranian…

The Economic Times

Refreshed US-Iran strikes enter second day

DUBAI - US military strikes on Iran entered a second day on Monday in a new surge of fighting over the status of the Strait of Hormuz that endangered a fragile interim agreement and sent oil prices spiking.

Bangkok Post

Traffic Through The Hormuz Strait Is Decreasing Again. Oil Prices Are Climbing As a Result

Oil keeps rising on Monday as tensions continue to flare up between the U.S. and Iran in the Strait of Hormuz.

International Business Times

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The Economic Times

Trump says US will be 'guardian' of Strait of Hormuz, impose 20% cargo levy

President Trump announced the United States will guard the Strait of Hormuz. He stated America will act as the waterway's guardian and receive payment. Trump accused Iran of violating a prior agreement with Washington. He mentioned that Iran's leadership is a problematic group. The US plans to take control of…

International Business Times

The U.S. And Iran Further Escalated Strikes In The Hormuz Strait. Now a Top Tehran Official Says The MOU Is In 'Crisis'

A top Iranian official said the memorandum of understanding between the U.S. and Iran is in "crisis" after the nations escalated attacks in the Strait of Hormuz.

The Independent UK

India condemns attack on vessel off coast of Oman as sailor remains missing

Centcom says Iran ‘blatantly attacked M/V GFS Galaxy’ that forced evacuation of 23 sailors

Bangkok Post

Middle East rocked by heaviest attacks since Iran-US ceasefire

TEHRAN - The Middle East has been rocked by US and Iranian attacks of a scale unseen since an April ceasefire, as fighting over the strategic Strait of Hormuz threatened to derail efforts to permanently end the war.

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France 24

Trump reimposes Hormuz blockade, Yemen’s Houthis strike Saudi Arabia

President Donald Trump on Monday reimposed a US naval blockade on Iran and vowed hefty fees for ships transiting the Strait of Hormuz. In Yemen, Iran-backed Houthi rebels attacked an airport in Saudi Arabia on Monday hours after the Riyadh-backed internationally recognised Yemeni government attacked the airport in the Yemeni…

Benzinga

Iran Accuses US of Breaching MOU, Warns Gulf Bases Remain Potential Targets: 'Period of Crisis'

Esmaeil Baghaei, the spokesperson for the Iranian Foreign Ministry, has accused the U.S. of breaching the Islamabad Memorandum, while calling for justice over the deaths of Iran’s “martyred leader” and other victims of recent attacks.

Fortune

Ships go dark as the clock runs out on Trump's ‘undeclared naval war’ in the Strait of Hormuz

Everything you need to know before you reach the office this morning.

The Economic Times

Global Market: Eurozone bond yields climb as Middle East tensions rekindle inflation concerns

Eurozone government bond yields climbed on Monday due to escalating US-Iran tensions. Oil prices surged significantly after Iran announced a closure of the Strait of Hormuz. This renewed conflict has increased concerns over global inflation and economic stability.

International Business Times UK

Iran Keeps Closing the Strait of Hormuz—So Why Aren't Governments Panicking Hike Like They Used To?

The US-Iran conflict escalates with military strikes, impacting the Strait of Hormuz. This vital trade route sees fluctuating oil prices as tensions rise, prompting global shifts in energy strategies.

The Times of India

Trump, Netanyahu, Meloni & more: Who is on Iran's 'hitlist' to avenge Khamenei's death?

Mojtaba Khamenei released a list of thirteen world leaders after his father's funeral. This publication coincided with reports of an Iranian plot against Donald Trump. US officials monitored intelligence about possible threats to the American president. The conflict continues as both sides breached a recent ceasefire agreement. Iran stated the…

The Economic Times

Ships pass through Strait of Hormuz in secret as US and Iran trade strikes

Following renewed US-Iran fighting, observable ship traffic in the Strait of Hormuz has halted, replaced by vessels making secret "dark crossings" with transponders off. While the US claims pathways remain free, Iran demands transit permissions.

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