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The Latest Breaking News from the Strait of Hormuz

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.

The Times of India

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.

Bangkok Post

Is Trump Starting Another War? POTUS Warns Oman to 'Behave' Or 'We'll Have to Blow Them Up'

Donald Trump sparked backlash after warning Oman to 'behave' amid Iran Strait of Hormuz talks, prompting critics to question whether he is escalating toward conflict.

International Business Times UK

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Trump says he did not launch strikes against Iran ‘to get a crummy agreement’

The president also warned Oman to ‘behave’ over the Strait of Hormuz or the US ‘will have to blow them up’.

Evening Standard

Dollar Recovers on Conflicting US-Iran Peace Plans

The dollar index (DXY00 ) on Wednesday rose by +0.03%. The dollar recovered from early losses on Wednesday and posted modest gains on conflicting signals about prospects for a US-Iran deal to end the war and reopen the Strait of Hormuz. Iranian television said it obtained an unofficial draft of...

Barchart

Crude Oil Prices Sink as Hormuz-Reopening Talks Continue

July WTI crude oil (CLN26 ) on Wednesday closed down -5.21 (-5.55%), and July RBOB gasoline (RBN26 ) closed down -0.0798 (-2.54%). Crude oil and gasoline prices on Wednesday fell sharply for a second day, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are...

Barchart

US and Iran trade strikes as Trump denies Hormuz deal

US forces have carried out new defensive strikes on an Iranian military facility after downing several attack drones, according to American officials.

AAP

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Crude Oil Prices Slide on US-Iran Peace Optimism

July WTI crude oil (CLN26 ) today is down -3.17 (-3.38%), and July RBOB gasoline (RBN26 ) is down -0.0498 (-1.58%). Crude oil and gasoline prices today extended Tuesday's sharp losses, with crude falling to a 5-week low and gasoline falling to a 6-week low. Crude prices are under pressure...

Barchart

White House calls Iran's draft deal report a 'complete fabrication' as both sides inch toward Hormuz framework

The White House has strongly refuted claims by Iranian state television regarding a draft ceasefire deal with the US. Iranian media had reported on a memorandum of understanding involving US troop withdrawal and lifting naval blockades. In exchange, Iran was said to agree to restore transit through the Strait of…

The Economic Times

Iran says 'low' possibility of return to war with US

Iran's Revolutionary Guards are cautiously optimistic about avoiding war with the US but remain vigilant against potential threats. With peace talks not moving much on pivotal matters like the Strait of Hormuz and nuclear program discussions, the geopolitical climate is tense, though.

The Economic Times

Iran Reportedly Receives Draft For U.S. Deal That Would Restore Commercial Shipping Through Hormuz Strait Within a Month

A new draft to end the war between the U.S. and Iran would see commercial shipping through the Strait of Hormuz restored within a month, according to a new report.

International Business Times

Rubio Says Deal With Iran Could Take a 'Few More Days' After Hormuz Flare Up

Secretary of State Marco Rubio said a deal with Iran could take "a few more days" as negotiations continue after a flare up at the Strait of Hormuz on Monday.

International Business Times

Iranian missile likely involved in attack on ship in Strait of Hormuz, South Korea says

South Korea's Foreign Ministry stated an Iranian anti-ship missile was likely involved in an attack on a HMM cargo ship in the Strait of Hormuz. Debris analysis revealed components similar to Iranian-made turbojet engines and warheads resembling Iranian missiles. Iran's ambassador denied any involvement in the incident.

The Economic Times

Potential U.S.-Iran Deal Could Reshape Global Oil Trade After Months Of War: Report

The conflict has disrupted global energy flows, pushed oil prices higher and renewed concerns about the security of one of the world's most important shipping routes.

International Business Times

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Bangkok Post

Iran says ‘low’ possibility of return to war with US

TEHRAN - Iran’s Revolutionary Guards said on Wednesday that a return to war with the United States was unlikely, while warning that the Islamic republic stood ready against any attack.

France 24

US strikes Iran, Tehran hits back with attack on American air base

The United States carried out strikes on a ground control station in the south of Iran on Thursday, prompting retaliation from Tehran which targeted a US base in the most serious clashes since the April ceasefire began.

The Economic Times

Trump gathers Cabinet as he looks to seal deal to end war that some backers worry will embolden Iran

President Trump is close to a deal to end the war with Iran. This agreement aims to reopen the Strait of Hormuz and reduce Iran's nuclear capabilities. However, critical issues remain unresolved. Some allies worry Iran's leaders may emerge stronger. Recent U.S. strikes in Iran have complicated ongoing talks.

AAP

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

The United States and Iran appear to be nearing a deal to end the war

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The Economic Times

Oil Price Today (May 27): Crude oil hovers near $100 amid mixed cues on Iran war peace deal. What are experts saying?

Brent crude prices remained volatile as U.S. strikes in southern Iran and mixed signals from President Trump over talks with Tehran kept traders cautious. Disruptions through the Strait of Hormuz are increasing pressure on the global oil market, with inventories declining and potential production losses mounting.

France 24

Iran says US violated ceasefire with strikes near Hormuz

Iran accused the United States on Tuesday of breaching a fragile ceasefire with strikes near the Strait of Hormuz, threatening efforts to end nearly seven weeks of conflict. Washington said the attacks were defensive, targeting missile sites and vessels allegedly laying mines.

The Mary Sue

Trump’s ‘Nice’ Peace Talks With Iran Blew Up After US Struck Missile Sites. Now, Tehran Vows a Response

Iran could further stall shipping in Hormuz, launch cyberattacks on U.S. infrastructure, or target U.S. allies.

Barchart

Crude Oil Prices Decline as US-Iran Peace Plans Progress

July WTI crude oil (CLN26 ) on Tuesday closed down -2.71 (-2.81%), and July RBOB gasoline (RBN26 ) closed down -0.2046 (-6.10%). Crude oil and gasoline prices settled sharply lower on Tuesday, with crude falling to a 2.5-week low and gasoline dropping to a 5-week low. Crude prices are under...

The Economic Times

Oil price hits $100 as Brent Crude rises over 4 per cent. Will rate go further up?

US and Iran have been working on an agreement to end the Middle East war and reopen the crucial waterway to tanker and cargo traffic since a fragile ceasefire on April 8.

Barchart

Crude Oil Prices Fall on Hopes US-Iran War Near an End

July WTI crude oil (CLN26 ) today is down -2.28 (-2.36%), and July RBOB gasoline (RBN26 ) is down -0.1350 (-4.03%). Crude oil and gasoline prices are sharply lower today, with crude falling to a 2.5-week low and gasoline dropping to a 5-week low. Crude prices are under pressure amid...

The Independent UK

Hopes of quick Iran peace deal fade as Tehran accuses US of ‘gross violation’ of ceasefire with new strikes

Iran’s supreme leader said that countries in the region could ‘no longer be a shield for US bases’

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