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The Latest Breaking News from the Strait of Hormuz

Oil Price Today (July 8): Crude oil flares up over 5% as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?

Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already advanced about 3% on Tuesday after the United States withdrew the general licence that had allowed the sale of Iranian crude…

The Economic Times

Watch: US unleashes massive 'punishment' strikes on Iran as Middle East tensions flare

The United States launched a major new wave of air strikes against Iran early Wednesday, targeting more than 80 military sites in what officials described as a direct response to Tehran's latest attacks on commercial shipping in the Strait of Hormuz.

The Times of India

Indian Navy secures safe passage for crude tanker Omega Trader through Hormuz

India and the Indian Navy have secured the safe passage of the Omega Trader tanker. This vessel carries 23 crew members, including 15 Indian nationals, to Sikka in Gujarat. The development occurs amid heightened security concerns in the Strait of Hormuz region. Recent attacks on commercial vessels have escalated tensions…

The Economic Times

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Strait of Hormuz Tensions Flare Again as US Strikes Iran Over Attack on Ships: Oil Climbs, Dow Futures Head Lower

Late Tuesday, U.S. military strikes on Iran renewed fears of a wider Middle East conflict, sending oil prices higher and weighing on equity futures as investors monitored the security of the Strait of Hormuz, one of the world’s most critical energy shipping routes.

Benzinga

Iran vows 'crushing response' after US strikes around Strait of Hormuz

Iran has vowed a crushing response to fresh United States attacks. State media reported multiple explosions across the Strait of Hormuz region. The United States revoked a temporary sanctions waiver on Iranian oil sales. Three commercial tankers were struck in the Strait of Hormuz. These incidents occurred off the coast…

The Economic Times

US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks

United States reimposed sanctions on Iranian oil sales Tuesday. This action followed attacks on vessels in the Strait of Hormuz. The U.S. Treasury had previously authorized sales until August 21. Tuesday's revocation shortens this wind-down period to July 17. Oil prices rose more than five percent after the announcement.

The Economic Times

Dollar at week-high after US resumes attacks on Iran

The dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil prices saw an increase following the attacks. Concerns over peace deal stability reemerged after Iran's actions in the Strait of Hormuz. Global yields jumped higher as inflation outlook worries intensified…

The Economic Times

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US oil prices jump after US military launches strikes against Iran

U.S. oil prices increased significantly after military strikes against Iran. These actions followed Iranian attacks on three commercial vessels in the Strait of Hormuz. A Qatari liquefied natural gas tanker reported being struck by a drone. Maritime security sources indicated a Saudi-flagged crude oil tanker was also damaged. Fears of…

The Economic Times

US Central Command Launches 'Powerful Strikes' on Iran After Attacks on Civilian-Crewed Commercial Ships

The US military launched strikes against Iran, targeting assets after attacks on shipping vessels, marking a significant escalation in the region and aiming to protect civilian-operated merchant paths.

International Business Times UK

US launches fresh strikes against Iran after tankers hit in Strait of Hormuz

The attacks came just hours after Washington also pulled Tehran’s license to sell oil, which was only approved last month

The Independent UK

Cotton Extends Rally to Tuesday, Nearing Limit Gains

Cotton futures closed with contracts 99 to 299 points higher, with some contracts hitting the three cent limit at the high. The outside markets were mixed, as Crude oil was up $3.65 following Iran striking vessels in the Strait of Hormuz overnight. The US responded by revoking waivers authorizing Iran...

Barchart

Middle East crisis: Trump threatens US will hit Iran ‘hard again tonight’ after saying truce is over – as it happened

Iranian foreign ministry said earlier US and Israeli attacks had rendered interim accord to end war ‘ineffective’

The Guardian - AU

🔴Live: US military carrying out fresh strikes against Iran after Trump says peace deal is ‘over’

This liveblog is no longer being updated.

France 24

US strikes Iran after Hormuz tanker attacks: military

WASHINGTON (UNITED STATES) - US forces launched strikes on Iran on Tuesday after three commercial vessels were attacked in the Strait of Hormuz, the US military said, sharply escalating a confrontation that has already shaken efforts to end the Middle East war.

Bangkok Post

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The Independent UK

US launches new strikes against Iran hours after revoking oil license

The military operations came hours after three tankers were reportedly struck by projectiles on Tuesday in the Strait of Hormuz

Barchart

Stock Indexes Fall as Chip Stocks Sink and Crude Soars

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.45%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.77%. September E-mini S&P futures (ESU26 ) fell -0.52%, and September E-mini Nasdaq futures...

International Business Times

Stocks Drop As Chipmakers Fall Again; Oil Climbs With Renewed Tensions At The Hormuz Strait

Stocks dropped on Tuesday as chipmakers tumbled again. Oil climbed following renewed tensions between the U.S. and Iran, with the former revoking a sanctions waiver following Tehran's attacks against ships crossing through the Strait of Hormuz.

International Business Times

U.S. Revokes Iran Oil Sanctions Waiver After Tanker Attacks, Now Pressure Escalates on Tehran

The move follows a series of attacks on commercial tankers in and around the Strait of Hormuz that U.S. officials blamed on Iran, marking a sharp reversal in Washington's approach toward the Islamic Republic.

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Barchart

Crude Oil Prices Sharply Higher on Supply Disruptions

August WTI crude oil (CLQ26 ) on Tuesday closed up +1.89 (+2.76%), and August RBOB gasoline (RBQ26 ) closed down -0.0494 (-1.64%). Crude oil and gasoline prices settled mixed on Tuesday. Crude oil prices jumped following attacks on shipping in and around the Strait of Hormuz. Gasoline prices retreated on...

Barchart

Nat-Gas Prices Climb on Carryover Support from European Nat-Gas

August Nymex natural gas (NGQ26 ) on Tuesday closed up +0.020 (+0.62%). Nat-gas prices pushed higher on Tuesday amid carryover support from a rally in European nat-gas prices to a 3-week high after a Qatari LNG gas carrier was attacked in the Strait of Hormuz. If European countries are unable...

The Economic Times

India-bound vessel hit by suspected drone attack in Gulf of Oman, all crew members safe: Sources

An India-bound vessel from Qatar experienced a suspected drone attack. The incident occurred in the Gulf of Oman near the Strait of Hormuz. Four Indian nationals are among the twenty-nine seafarers on board the vessel. The vessel's engine room caught fire, producing heavy smoke after the strike. No casualties or…

The Times of India

Third tanker hit in Strait of Hormuz in 24 hours as Qatar blames Iran, raising fears over global energy route

Commercial tankers faced escalating attacks in the Strait of Hormuz recently. Qatar blamed Iran for an unacceptable assault on its liquefied natural gas vessel. The United Kingdom Maritime Trade Operations reported three tanker incidents within 24 hours. These attacks threaten regional stability and global energy security significantly. Diplomatic efforts continue…

Barchart

Crude Oil Prices Jump as Ships Attacked in the Strait of Hormuz

August WTI crude oil (CLQ26 ) today is up +1.73 (+2.52%), and August RBOB gasoline (RBQ26 ) is down -0.0312 (-1.04%). Crude oil and gasoline prices are mixed today. Crude oil prices jumped following attacks on shipping in and around the Strait of Hormuz. Gasoline prices are sliding today as...

The Independent UK

Three tankers hit in latest attacks in Strait of Hormuz, British military says

IN FULL

International Business Times

Oil Climbs As New Iranian Attack In Hormuz Strait Could Throw Wrench In Washington-Tehran Talks

Oil prices are climbing in Tuesday after Iran struck two vessels transiting through the Strait of Hormuz.

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