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The Latest Breaking News from the Strait of Hormuz

'No money is changing hands': Trump rejects $20 billion Iran 'nuclear dust' deal claim

Following Operation Epic Fury, Donald Trump announced significant breakthroughs, claiming Iran's nuclear program has been suspended and the Strait of Hormuz reopened. He stated the US will secure "nuclear dust" without financial exchange, asserting Iran's nuclear ambitions are shut down and a broader conflict-ending deal is nearing completion.

The Times of India

Bulletin world briefing: Trump declares ‘victory’ over Iran and EU plots jet fuel release

Trump claims ‘victory’ as Iran reopens the Strait of Hormuz and attacks Nato EU plans jet fuel stock release as Iran crisis threatens summer flights Korean pop giants unite for new global festival to rival Coachella Helicopter crashes minutes after take-off killing eight on board Lebanese people return home amid…

The Independent UK

The Strait of Hormuz is opening for business

The possibility of a prolonged disruption to the supply of crude oil, liquefied natural gas, fertilizer and other commodities looks to be off the table.

Axios

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Trump claims ‘victory’ as Iran reopens the Strait of Hormuz and attacks Nato

IN FULL

The Independent UK

Coffee Prices Tumble as Global Supply Concerns Ease

May arabica coffee (KCK26 ) today is down -6.75 (-2.28%), and May ICE robusta coffee (RMK26 ) is down -87 (-2.50%). Coffee prices are tumbling today, with arabica falling to a 1-week low. Coffee prices fell today after Iran said the Strait of Hormuz is now reopened, which should restore...

Barchart

European leaders press ahead with 'defensive' mission after Iran reopens Hormuz

Meeting in Paris, the leaders said that a neutral mission may still be needed to safeguard shipping and prevent renewed disruption in the vital trade route.

Euronews

Crude Oil Prices Plunge on Opening of the Strait of Hormuz

May WTI crude oil (CLK26 ) today is down -11.82 (-12.48%), and May RBOB gasoline (RBK26 ) is down -0.2138 (-6.76%). Crude oil and gasoline prices have plummeted today, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank today after Iran said...

Barchart

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Trump tells ‘useless’ Nato to stay away after UK and France vow to protect Strait of Hormuz shipping

The US president lashed out at UK offers to help after the Strait of Hormuz was declared ‘completely open’ by Iran on Friday

The Independent UK

Oil prices drop over 10% after Iran declares the Strait of Hormuz 'completely open'

Oil prices have dropped over 10% in less than two hours after the Minister for Foreign Affairs of Iran declared the Strait of Hormuz "completely open" for the remainder of the current ceasefire with the US.

Euronews

Global Oil Prices Collapse as Iran Flashes Green Light at Hormuz, but Trump Refuses to Blink on Naval Blockade

Oil prices plunged after Iran declared the Strait of Hormuz fully open to commercial shipping during the Israel–Lebanon ceasefire, while Donald Trump insisted the US naval blockade of Iranian ports would remain

International Business Times UK

Oil prices plunge on claims Strait of Hormuz is open

Prices dropped over 10% Friday after President Trump and an Iranian official separately claimed the Strait of Hormuz is open.

Axios

Household energy bills ‘set to rise by lower-than-first feared’ in July

Wholesale energy costs are not seen coming back down to pre-war levels until the Strait of Hormuz is reopened

The Independent UK

Iranian Foreign Minister Announces Reopening Of Strait Of Hormuz For 'Remaining Period Of Ceasefire' But Says Coordination Is Needed

Iranian Foreign Minister Abbas Araghchi announced on Friday that the Strait of Hormuz is "completely open for the remaining period" of the ceasefire with the U.S. following the one announced between Lebanon and Israel.

International Business Times

'Ready for business': Trump says Hormuz open but US blockade on Iran continues

Iran has announced the Strait of Hormuz is fully open for commercial vessels. This decision is linked to a ceasefire in Lebanon. The passage will be open for the remaining truce period on a coordinated route. Previously, Iran had restricted passage to certain vessels. A separate US-Iran ceasefire is also…

The Times of India

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The Times of India

Iran declares Strait of Hormuz open for commercial vessels during Lebanon ceasefire

Following a Lebanon ceasefire, Iran has reopened the Strait of Hormuz to all commercial vessels for the truce's duration. This development aligns with a US-brokered deal between Israel and Lebanon, aiming to halt hostilities and pave the way for peace talks. The agreement emphasizes Lebanon's responsibility for its security and…

International Business Times UK

Europe Faces Jet Fuel Shortage Within Weeks, IEA Chief Warns

Europe is facing a fuel crisis due to the US-Iran conflict, with the closure of the Strait of Hormuz impacting supply and causing price surges.

Euronews

EU downplays jet fuel shortage risks despite IEA warning

EU officials and the International Energy Agency have contrasting narratives over jet fuel supply. While the European commission minimises the risk, it acknowledges that the market remains “tight” and says the EU is prepared to respond appropriately.

The Conversation

Crypto tolls in the Strait of Hormuz shows why bitcoin thrives in times of crisis

Bitcoin has long been promised to function as money. In practice, it rarely does.

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Euronews

Hormuz standoff shows no signs of letting up for vital shipping to resume from Gulf

Maritime traffic in the Strait of Hormuz remained at minimal levels on Friday resulting in a giant parking lot, as the US-Iran standoff continues with the same cautious approach since Monday.

Euronews

Flying soon? What the jet fuel crisis means for travellers and airlines

Jet fuel prices have roughly doubled since the war in Iran began – and shortages could start next.

Evening Standard

Keir Starmer arrives in Paris for Strait of Hormuz talks

The Strait of Hormuz has been blockaded by Iran since the US-Israeli strikes on the country began, threatening world oil supplies.

Euronews

Europe-led coalition prepares mission to reopen Strait of Hormuz

A group of more than 40 countries is meeting in Paris to finalise early plans to reopen the Strait of Hormuz. The France and UK-led coalition insists the operation will only kick in when the war is over. Countries say they are ready to send warships, personnel and demining support.

The Independent UK

Macron and Starmer hold key summit on reopening the Strait of Hormuz

IN FULL

Radio France Internationale

France and UK chair meeting on post-conflict Strait of Hormuz mission

French and British leaders were on Friday chairing a meeting in Paris of around 40 countries aimed at signalling to the United States that some of its closest allies are ready to play a role in restoring freedom of navigation in the Strait of Hormuz. Iran said the strait is…

The Times of India

'No ship is going past our Navy': Trump as USS Abraham Lincoln leads US blockade operations in Arabian Sea

The United States has deployed more than 12 naval vessels and upwards of 100 aircraft, involving over 10,000 service members, to enforce a maritime blockade targeting Iran's ports and coastline, the US Central Command (CENTCOM) said on Thursday.

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