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The Latest Breaking News from the Strait of Hormuz

'Meeting now to make final determination': Trump on US-Iran draft truce deal; lists conditions for Tehran

US President Donald Trump on Friday said a potential deal with Iran was now at the stage of a "final determination", while laying out a detailed list of conditions for Tehran and signalling that restrictions in the Strait of Hormuz could soon be lifted.

The Times of India

Donald Trump warns Oman has to ‘behave’ – or else, America will ‘have to blow ’em up’

Iran quickly stepped up to support its neighbour.

We Got This Covered

Iran-US deal nears finish line — but Trump and Khamenei must say yes

The draft memorandum includes unrestricted Hormuz shipping, Iran removing mines within 30 days and US sanctions waivers on Iranian oil, with nuclear talks to follow.

Euronews

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What we know and don't know about the possible deal to end the Iran war

The United States and Iran appear to be closing in on a deal to end the war and open the Strait of Hormuz

AAP

How far have the U.S. and Iran got towards ending the Iran war?

America and Iran have agreed to extend a ceasefire. Shipping through the Strait of Hormuz will resume. Some American sanctions on Iran will be lifted. This is a major step towards ending a war. Talks will continue on Iran's nuclear program and other issues. The deal is not yet finalized.

The Economic Times

Iran Targets Google, Meta, Amazon & Microsoft: Plans to Charge Fees for Undersea Internet Cables in Strait of Hormuz

Iranian media propose charging Google, Meta, Amazon and Microsoft fees for undersea internet cables in the Strait of Hormuz to generate major revenue amid tensions

International Business Times UK

Hormuz exposes China's Indian Ocean vulnerability, new report

A new report suggests China's maritime vulnerability begins at the Strait of Hormuz, not the Strait of Malacca, creating a strategic competition arena in the Indian Ocean. This region is re-emerging as a key theatre, with China's energy dependence exposing vulnerabilities to rivals like India, France, and the US.

The Economic Times

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Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

The Independent UK

'Very close': JD Vance says US nears agreement on Strait of Hormuz, Iran nuclear setback

US Vice President JD Vance said Washington is "very close" to achieving a broader strategic agreement in West Asia, asserting that recent US actions will reopen the Strait of Hormuz, weaken Iran's conventional military capabilities, and position the United States to significantly delay Tehran's nuclear programme.

The Economic Times

Trump's room to maneuver narrows as US, Iran close in on framework deal

President Trump faces a strategic dilemma as a potential framework deal with Iran emerges, aiming to extend a ceasefire and reopen the Strait of Hormuz. This interim agreement, however, risks backlash from party hawks concerned about Iran's nuclear program, while deferring key discussions on its nuclear ambitions.

The Economic Times

Oil falls slightly on reports of potential US-Iran ceasefire deal

Oil prices saw a slight dip amid hopes for a U.S.-Iran ceasefire extension. Vice President JD Vance indicated progress but stated a deal is not yet finalized. This news has kept oil prices from falling further. Discussions are ongoing regarding Iran's nuclear program and uranium stockpiles. The Strait of Hormuz…

The Economic Times

Trump’s meeting on Iran peace deal has ended, White House official says

US President Donald Trump on Friday finished a meeting in the high-security White House Situation Room during which he said would make a "final determination" on an Iran peace deal, a White House official told AFP. The official did not say if the president had reached a decision. Read our…

France 24

Fire rips through dormitory at girls' school in Kenya

In tonight's edition, 16 students have lost their lives after a fire tore through a boarding school in central Kenya. Also, May 28 is World Hunger Day, and it comes as many farmers and families across the continent are grappling with the fallout from the closure of the Strait of…

France 24

US, Iran agree deal but need Trump approval: sources

WASHINGTON (UNITED STATES) - US and Iranian negotiators have agreed on a framework for a 60-day ceasefire extension deal but it still needs President Donald Trump's approval, US sources told AFP on Thursday.

Bangkok Post

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Barchart

Crude Oil Prices Rise as US-Iran Peace Deal Not Yet Realized

July WTI crude oil (CLN26 ) on Thursday closed up +0.22 (+0.25%), and July RBOB gasoline (RBN26 ) closed up +0.0339 (+1.11%). Crude oil and gasoline prices recovered from early losses on Thursday and settled higher after US forces struck Iranian military targets for the second time this week and...

The Economic Times

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Ceasefire report and US stockpile data impact crude market

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved lower after reports claimed the United States and Iran reached a ceasefire extension agreement. Brent crude and US WTI crude futures also reacted to lower-than-expected US crude…

Euronews

US and Iran reach tentative deal, pending Trump's approval

The US and Iran have agreed to extend the ceasefire by 60 days to make space for further negotiations to end the war but Trump still has to approve the deal, reports said Thursday, citing US officials familiar with the matter.

The Independent UK

US and Iran reach peace deal pending Trump approval: officials

The agreement, if approved, would reopen the Strait of Hormuz and set up talks over the disposal of Iran’s highly enriched uranium

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AAP

EU envoy seeks more vessels to secure Hormuz navigation once the war in Iran ends

The European Union's foreign policy chief says securing freedom of navigation through the Strait of Hormuz after the Iran war ends will require more ships

Barchart

Crude Oil Prices Supported as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26 ) is up +0.0168 (+0.55%). Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second time this week and Kuwait said...

The Economic Times

Bigger proportion of non-Iran ships crossing Hormuz strait: Data

The proportion of vessels not linked to Iranian ownership that are transiting the key Strait of Hormuz has risen, according to data from maritime firm Lloyd's List Intelligence shared Thursday. Adding to the uncertainty, Iranian forces have fired at four ships attempting to cross the Strait of Hormuz without authorisation,…

The Economic Times

Bandar Abbas under attack again? Why the world fears every strike near Bandar Abbas as the renewed Strait of Hormuz crisis deepens the global oil shock

The US has struck Bandar Abbas again. For the second time in less than a week, American forces targeted Iran's most critical southern port city. Bandar Abbas sits on Iran's southern coast, positioned at the northern entrance of the Strait of Hormuz. The strait's narrowest point lies roughly 60 to…

The Times of India

Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly

Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief.

The Conversation

The Strait of Hormuz: The supply chain loop that broke the world

It took only five days after the attack on Iran by the United States and Israel in late February for Iran to close the Strait of Hormuz, one of the world’s most vital energy and maritime chokepoints.

The Economic Times

Merchant ships desert Strait of Hormuz amid renewed US strikes

Commercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between the US and Iran intensified. Ship-tracking data showed no commercial vessels crossing the key oil chokepoint Thursday morning after only six two-way crossings on Wednesday.

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