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The Latest Breaking News from the Strait of Hormuz

Oil prices ease on renewed hopes of US-Iran peace deal

Oil futures slid on Monday as traders assessed US President Donald Trump's announcement over the weekend that a deal with Iran had been "largely negotiated". The benchmark Brent crude still remains much higher than when the war started on February 28. Also in this edition: some commercial vessels are managing…

France 24

Iran says it is charging fees for 'navigational services' through Strait of Hormuz

Iran effectively shuttered the crucial waterway in the early days of the war and in mid-April the US responded by imposing its own blockade on Iranian ports.

Euronews

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

The United States and Iran appear to be are closing in on a deal to end the war

AAP

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Hormuz control: Iran says managing strait is ‘legal right’ amid ceasefire talks with US

A senior adviser to Iran’s Supreme Leader Mojtaba Khamenie has asserted that Tehran holds the legal right to manage the Strait of Hormuz, one of the world’s most strategically important oil shipping routes, as nuclear negotiations between Iran and the United States enter a crucial phase.

The Times of India

Trump not going to make a bad deal with Iran, says Rubio

US-Iran ceasefire: United States Secretary of State Marco Rubio confirmed President Donald Trump is not hurrying a peace deal with Iran. He stressed that any agreement must be favorable and fundamentally different from past accords. Progress is being made on opening the Strait of Hormuz and nuclear negotiations.

The Economic Times

Iran-US war latest: America launches fresh airstrikes on Iranian missile launch sites and mine-laying boats

Marco Rubio says the US will either have a good agreement with Iran or deal with the country ‘another way’

The Independent UK

BPCL, HPCL and IOC shares soar up to 6%. Here are two big triggers

Indian oil stocks surged as crude oil prices dropped to a two-week low, driven by progress in US-Iran peace talks. This optimism, coupled with a recent fuel price hike, boosted shares of HPCL, IOC, and BPCL. Analysts, however, caution that full market normalization could take months.

The Economic Times

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Vessels carrying Mideast oil, LNG exit Hormuz for Pakistan, China

SINGAPORE - Two ‌liquefied natural gas tankers were exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.

Bangkok Post

Britain's navy prepares to clear mines in the Strait of Hormuz while waiting for a peace deal

British sailors are on standby aboard RFA Lyme Bay for a mine-clearing mission in the Strait of Hormuz. This operation awaits a peace agreement between Iran and its allies. The UK and France are leading the potential international effort. Advanced technology will be used to detect and neutralize mines. The…

The Economic Times

Trump Orders Negotiators to Take Their Time Closing a Deal with Iran as the World Teeters on Economic Collapse

President Trump advises patience in US-Iran negotiations, maintaining a blockade at the Strait of Hormuz, amid escalating tensions and economic concerns in the Middle East.

International Business Times UK

Oil Price Today (May 25): Crude oil hits 2-week low as US-Iran peace deal moves closer. Is the worst behind?

Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with disruptions continuing to impact global oil supplies. Analysts caution that even with a deal, full normalization could take months, with potential impacts extending for years.

The Economic Times

Global Market Today: Asian stocks rise, oil and dollar slide on Middle East peace hopes

US stock futures rose as hopes for an Iran war deal boosted risk appetite, though oil prices and the dollar slipped. While President Trump indicated progress on a peace deal to reopen the Strait of Hormuz, uncertainty over its timeline tempered market enthusiasm. Analysts await confirmation of the waterway's reopening…

The Economic Times

Iran war: Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, China

Iran war news: An LNG tanker, Fuwairit, is exiting the Strait of Hormuz for Pakistan. A supertanker, Eagle Verona, carrying Iraqi crude for China, has also left the Gulf. Shipping through the Strait of Hormuz is significantly reduced due to the U.S.-Israeli war on Iran. These vessels are among a…

The Economic Times

World holds breath as US, Iran close in on deal

US and Iran are reportedly nearing a deal to reopen the Strait of Hormuz, with senior American officials indicating progress despite President Trump's caution against rushing. Negotiations are ongoing regarding the precise language of key issues, with a potential agreement requiring final approval from both sides.

The Economic Times

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AAP

AAP Rolling News Bulletin May 25, 0930

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Fortune

The more generous U.S. ceasefire terms are, the more suspicious Iran becomes they're a ruse for another attack, expert says

"The deal in play looks like a win for Iran. But Tehran is not convinced that it is not a dress rehearsal for war now or in 30 days."

AAP

AAP Rolling News Bulletin May 25, 0300

AAP Rolling News Bulletin for May 25 at 0300

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