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The Latest Breaking News from the Strait of Hormuz

South Africa’s fuel supply and the Iran war: data black holes and low strategic stock put the country at risk

The supply of crude oil to the world had been reduced by about 7.5% to 10.1% by March 2026 in what the World Bank described as the largest oil market disruption in history. The fall was a result of the attacks on Iran by Israel and the US and the…

The Conversation

It’s not just high gas prices – inflation is now spreading through the US economy

Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026, underscores why policymakers are worried these…

The Conversation

No art to Trump’s Iran deal

Rumors of an agreement keep coming. But the president says “We don’t need anything”

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

US, Iran accuse each other of violating truce after attacks

The US and Iran accused each other of breaching a fragile ceasefire after fresh clashes around the Strait of Hormuz, marking the worst flare-up since the truce began in April. Iran said it fired at unauthorised ships and targeted a US-linked airbase after strikes near Bandar Abbas, while US forces…

The Economic Times

IMEC, Indo-Pacific routes key to reducing Hormuz dependence: EY

India is urged to diversify its trade routes and develop new corridors like IMEC and the Indo-Pacific route. This aims to lessen dependence on the Strait of Hormuz amid West Asia tensions. The nation must prepare for economic shocks by building strategic reserves and shifting towards green energy.

The Economic Times

Why has Trump threatened to ‘blow up’ US ally Oman?

Trump made the threat as he declared that ‘nobody’s going to control’ the Strait of Hormuz after the war

The Independent UK

Oil prices on the rise again as US-Iran fighting escalates

Benchmark prices for crude oil rose on Thursday as Iran said it targeted a US airbase in response to American air strikes. Commercial traffic through the Strait of Hormuz, which had slightly ticked up in previous days, dwindled down to almost nothing again. Also in this edition: Australia takes legal…

France 24

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Exclusive: IEA chief Birol warns Europe easing Russian energy sanctions would be 'major mistake'

IEA chief says “knocking on Russia’s door” would be a repeat of past mistakes, even as the EU is rattled by a price shock stemming from the Strait of Hormuz shutdown. Agency warns of "biggest energy security crisis ever".

Euronews

Iran-US war latest: Deal to extend ceasefire and reopen Strait of Hormuz ‘just needs Trump signature’

Iranian media denied reports that a draft agreement of ceasefire extension is with Trump for approval

The Independent UK

US military conducts second strike against Iran within days as Trump fumes over negotiations

According to the US Central Command, its forces struck four Iranian one-way attack drones posing a threat around the Strait of Hormuz and a ground control station in Bandar Abbas 'that was about to launch a fifth drone'.

Euronews

Iran-US war restarted? Tensions rise as Washington, Tehran resume attacks amid truce talks: Check key developments

Fresh US strikes targeted Iran's drone control center near Bandar Abbas after Iranian forces fired on a US tanker in the Strait of Hormuz. Washington also imposed new sanctions on an Iranian agency controlling shipping. Kuwait intercepted missiles and drones, while Israel warned Lebanon's Tyre of impending action against Hezbollah,…

The Economic Times

Copper hits one-week low as Middle East escalation clouds growth outlook

Copper prices dropped to a one-week low on Thursday as renewed Middle East tensions boosted the dollar and oil, sparking inflation and slowdown fears. U.S. strikes targeting an Iranian drone operation in the Strait of Hormuz contributed to market unease. Base metal prices are expected to trade sideways pending a…

The Economic Times

Iran targets US airbase after Washington’s strikes near Hormuz, warns ‘aggressor’ of harsher response

Iran's Revolutionary Guards announced they struck a U.S. airbase early Thursday, claiming it followed a U.S. attack near Bandar Abbas. The Guards issued a stern warning, vowing a more forceful response to any future "aggression" and holding the "aggressor" accountable for repercussions. The specific base targeted was not disclosed.

The Economic Times

Hormuz standoff: Trump's 'will blow them up' warning to Oman amid fragile Iran-US peace talks

Speaking to reporters during a cabinet meeting at the White House on Wednesday local time, Trump rejected the idea of any temporary arrangement that would allow Iran and Oman to jointly manage the strait. "No, the strait's going to be open to everybody," Trump said when asked whether he would…

The Times of India

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The Economic Times

Three oil, LNG tankers exit Hormuz with transponders off

Two supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying crude oil and naphtha, are heading to ports in China and India, despite overall limited traffic through the key waterway. The ongoing conflict has significantly impacted shipping in…

The Times of India

'War left regime desperate for cash': US sanctions authority overseeing Strait of Hormuz as Middle East conflict enters 90th day

The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst…

The Economic Times

Oil Price Today (May 28): Crude oil surges nearly 3% after Iran says it targeted US airbase in retaliation for fresh American strikes

Oil prices surged as US strikes in Iran heightened fears of shipping disruptions through the Strait of Hormuz. Iran's Revolutionary Guards claimed to have struck a US airbase, while US forces downed Iranian drones and struck a control station. Analysts warn that even a deal may not immediately normalize shipping,…

The Times of India

Has war resumed? US launches fresh strikes on Iran; Kuwait intercepts missiles, drones — what we know so far

The US military carried out fresh strikes in Iran on Wednesday, shooting down four Iranian drones and hitting a control centre in the southern port city of Bandar Abbas, even as Washington and Tehran continue negotiations to end their three-month conflict.

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The Economic Times

Trump’s bind deepens with Hormuz shut and hawks pushing war

President Trump faces pressure from Iran's demands for financial relief and Republican hawks urging a decisive end to the conflict. This has led to fluctuating promises of a deal and threats of renewed military action, complicating efforts to resolve the ongoing war and open the Strait of Hormuz.

The Economic Times

Global Market Today: Asian stocks slip from record highs, oil gains

Asian equities retreated from record highs as conflicting signals from the US and Iran on a potential peace deal emerged. Crude oil prices surged as the Strait of Hormuz remained disrupted. The dollar strengthened and Treasuries dropped as sentiment soured following US strikes and White House skepticism about negotiations.

The Economic Times

US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz

The Trump administration imposed new sanctions on Iran's newly formed agency controlling shipping through the Strait of Hormuz. This economic pressure campaign aims to force Iran into an agreement to end the war and reopen the vital waterway. The move follows rising energy prices and ongoing diplomatic efforts to resolve…

The Independent UK

US launches new strikes on Iran days after targeting missile sites and mine-laying boats, officials say

The strikes were aimed at a military site believed to have posed a threat to U.S. forces and commercial traffic in the Strait of Hormuz, according to one official

The Economic Times

US carries out new strikes in Iran against military site, official says

Overnight, the U.S. military launched new strikes in Iran targeting a military site deemed a threat to American forces and maritime traffic in the Strait of Hormuz. Multiple Iranian drones posing similar dangers were also intercepted and downed. These actions follow recent defensive strikes and occur amidst ongoing peace negotiations…

The Times of India

From Iran deal ultimatum to Ebola preparedness: Key takeaways from Donald Trump’s cabinet meeting

US President Donald Trump on Wednesday held an expansive Cabinet meeting at the White House, addressing issues ranging from ongoing negotiations with Iran and tensions in the Strait of Hormuz to Ebola preparedness, immigration detention protests and domestic anti-fraud initiatives.

Bangkok Post

Trump appears to threaten to 'blow up' ally Oman

WASHINGTON (UNITED STATES) - President Donald Trump on Wednesday appeared to threaten to attack US ally Oman if it sides with Iran over reopening the Strait of Hormuz.

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