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The Latest Breaking News from the Strait of Hormuz

Iran-US war latest: Israel captures 900-year-old castle in deepest incursion into Lebanon in 26 years

Senior Iranian official accuses Donald Trump of 'betraying diplomacy for third time'

The Independent UK

Iran says it destroyed US MQ-1 drone after airspace incursion: Report

Iran's Islamic Revolutionary Guard Corps (IRGC) claimed that its air defence units shot down a US MQ-1 drone after it allegedly entered Iranian territorial airspace in the early hours of Sunday, according to Iranian semi-official news agency Tasnim.

The Economic Times

UK minister Yvette Cooper to visit India, China for talks on global crises and trade

British Foreign Minister Yvette Cooper embarks on a crucial trip to China and India this week. She will engage with leaders on pressing global matters including the Strait of Hormuz and the Russia-Ukraine war. Cooper's visit aims to foster cooperation on trade and technology. This engagement with two major powers…

The Economic Times

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$12 billion and Hormuz control: Iran's draft peace deal account clashes with Trump's version

Iranian state media reported a proposed MOU with the US includes releasing $12 billion in frozen assets, a claim the White House previously dismissed as a fabrication. This follows conflicting accounts from both sides regarding a potential agreement to end hostilities and manage the Strait of Hormuz.

The Economic Times

US says it is 'more than capable' of resuming war with Iran as talks remain unresolved

The US warned of renewed military action against Iran if necessary, with President Trump demanding a permanent end to Tehran's nuclear ambitions. Despite ongoing diplomatic efforts and a fragile ceasefire, tensions remain high, exacerbated by disruptions in the Strait of Hormuz and continued fighting in Lebanon.

The Times of India

US 'disables' second commercial ship trying to breach blockade and reach Iran

THE US military has stopped another merchant vessel trying to break through the American blockade of Iranian ports, a US official said ...

The National (Scotland)

Damn the torpedoes — More ships are quietly slipping through the Strait of Hormuz as helicopters scare off Iran's fast-attack boats

To sail through the strait without being detected by Iran, many ships are turning off their Automatic Identification Systems.

Fortune

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US says it disabled another commercial ship trying to breach blockade and reach Iran

US forces have intercepted another ship trying to bypass their blockade of Iranian ports. The Gambia-flagged vessel, Lian Star, ignored warnings and was disabled by US aircraft. This marks the sixth such interception, with one ship previously allowed to pass. The blockade, initiated in response to Iran closing the Strait…

The Economic Times

What is oil price prediction for Monday? Oil prices fall as US-Iran ceasefire talks support market sentiment

What is oil price prediction for Monday? Oil prices ended lower on Friday as investors reacted to signs of progress in talks between the United States and Iran. Markets focused on the possibility of an extended ceasefire and the reopening of shipping routes through the Strait of Hormuz. Brent crude…

The Economic Times

Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tolls

Qatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purposes like mine clearing are negotiable. This stance comes amid discussions between Iran and Oman regarding a permanent toll system. Qatar aims to balance relations with both Iran…

The Economic Times

Iran-US war latest: US forces fire at ship running Hormuz blockade while Israel intensifies war in Lebanon

Senior Iranian official accuses Donald Trump of 'betraying diplomacy for the third time'

The Independent UK

Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?

Global markets rallied as oil prices hit seven-week lows. Hopes for a peace deal between the US, Israel, and Iran eased inflation fears. Brent crude and WTI saw sharp declines. Diplomatic efforts continue, but differing descriptions of a potential deal persist. Geopolitical tensions remain a factor. Analysts suggest restoring normal…

The Economic Times

Quarter of big oil tankers trapped by Iran war have escaped

Twenty-nine of 109 vessels capable of hauling 700,000 barrels or more have crossed the Strait of Hormuz, with many switching off navigation instruments to avoid hostilities.

The Economic Times

5 world market themes for the week ahead

Global markets are keenly watching U.S.-Iran ceasefire talks and the Strait of Hormuz, alongside crucial U.S. jobs data and euro zone inflation figures. India's rupee faces pressure, while Colombia heads to the polls. Meanwhile, the AI-driven tech sector continues its impressive growth, adding new trillion-dollar companies.

The Economic Times

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The Economic Times

Trump insists on red lines as Iran deal remains elusive

US President Donald Trump stated he will only agree to a peace deal with Iran if all his conditions are met, including Iran never possessing nuclear weapons and reopening the Strait of Hormuz. However, Iran insists no final agreement has been reached, with reports disputing key elements of Trump's characterization…

The Economic Times

Strait of Hormuz ship transits are rising thanks to help from US

Shipowners are showing increased optimism for traffic through the Strait of Hormuz, with US forces providing navigational advice to vessels. Recent transits, some with satellite transponders off, suggest a potential boost in trade flow. This comes amid hopes for a broader reopening of shipping routes tied to a potential US-Iran…

The Economic Times

‘Tehran said goodbye to “must” 47 years ago’: Iran rejects Trump’s claims of imminent deal

Iran stated no final ceasefire understanding has been reached, rejecting external pressure and asserting self-determination. This follows US President Trump's claim of lifting a naval blockade in the Strait of Hormuz. Iran described US maritime measures as illegal and inconsistent with the ceasefire, emphasizing that actions, not words, will determine…

AAP

Trump ponders whether to move forward with Iran deal but hasn't yet decided

U.S. President Donald Trump met with his advisers for about two hours but has not yet made a decision on whether to move forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz

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AAP

Trump meets with aides to determine whether to move forward with Iran deal

U.S. President Donald Trump has held a White House Situation Room meeting with his advisers as he ponders moving forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz

France 24

Iran: Is Trump “Bored”?, Bolivia at “Breaking point” A Spanish Scandal

It’s been a week where, 90 days into the conflict and ceasefire stand-off with Iran, both Tehran and Washington are insisting time is on their side — each claiming the other needs a deal more urgently. Pressure is growing on the Trump administration with soaring energy prices and midterm elections…

Barchart

US-Iran Peace Hopes Weigh on Crude Oil Prices

July WTI crude oil (CLN26 ) on Friday closed down -1.54 (-1.73%), and July RBOB gasoline (RBN26 ) closed down -0.0665 (-2.14%). Crude oil and gasoline prices retreated on Friday, with crude oil falling to a 5-week low. Crude prices are under pressure after the US and Iran tentatively agreed...

The Times of India

Why the Strait of Hormuz worries China more than Malacca

A new report highlights China's key maritime vulnerability lies at the Strait of Hormuz, not the Malacca Strait. This shifts strategic competition in the Indian Ocean to a new arena involving India, France, and the US. China's energy imports through this region expose it to potential exploitation by rival powers.

The Independent UK

Trump in Situation Room to make final call on Iran peace deal after lifting Naval blockade of Hormuz Strait

President confirms deal reopens Strait of Hormuz after months-long stalemate that has devastated global economy

Barchart

Crude Oil Prices Tumble on Hope for an End to the US-Iran War

July WTI crude oil (CLN26 ) today is down -1.85 (-2.08%), and July RBOB gasoline (RBN26 ) is down -0.0692 (-2.23%). Crude oil and gasoline prices are sliding today, with crude oil falling to a 5-week low. Crude prices are under pressure after the US and Iran tentatively agreed to...

The Economic Times

To the Situation Room, now! With new message, Trump stirs Iran cauldron again

Trump's comments assume significance as tensions between the US and Iran have remained elevated over Tehran’s nuclear activities, sanctions and regional security concerns. Recent developments in the Middle East have also intensified fears of escalation that could impact global trade routes and energy prices.

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