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The Latest Breaking News from the Strait of Hormuz

British warship awaits peace deal for vital mine-clearing mission in Strait of Hormuz

The UK’s Royal Navy is preparing for a potential mine-clearing operation in the Strait of Hormuz

The Independent UK

U.S.-Iran Agreement Imminent — Strait of Hormuz Expected to Reopen, Oil Prices Set to Fall

The announcement, made via a post on Truth Social, came after a wide-ranging phone call with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Türkiye, Egypt, Jordan, and Bahrain — a coalition of regional powers that have played a central role in mediating the 84-day conflict. Trump also…

Latin Times

Trump says agreement to end Iran war 'largely negotiated'

The US president announced on his Truth Social platform on Saturday that a deal with Tehran to end the Iran war was "largely negotiated" subject to approval, ending speculation over the possible resumption of strikes against Iran and broader conflict in the region.

Euronews

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As U.S.-Iran deal nears, Trump ally warns against creating perception Tehran controls Hormuz—'it makes one wonder why the war started to begin with'

"I personally am a skeptic of the idea that Iran cannot be denied the ability to terrorize the Strait and the region cannot protect itself against Iranian military capability."

Fortune

US, Iran move closer to 60-day ceasefire extension: What's in the deal

The US and Iran are reportedly nearing a 60-day ceasefire extension, with mediators working on an interim deal. This agreement could pave the way for broader talks on Iran's nuclear program and regional security, including the gradual reopening of the Strait of Hormuz and phased sanctions relief for Tehran.

The Times of India

El Nino, Strait of Hormuz risks may fuel fresh global food inflation surge: Citi Research Report

Global food prices are set to rise. Citi Research warns of increased inflation risks. Potential disruptions in the Strait of Hormuz and worsening El Nino conditions threaten supply. Agricultural commodity prices could surge in the coming months. Higher energy and fertiliser costs are also a concern.

The Economic Times

US Senator urges sanctions on entities paying Iran for passage via Strait of Hormuz

US Senator Tom Cotton has called on the Treasury Department to sanction entities aiding Iran's control over the Strait of Hormuz. He specifically targets the Persian Gulf Strait Authority, which he says is illegally regulating passage and collecting fees. Cotton emphasizes that any entity facilitating these tolls finances a designated…

The Economic Times

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What if the Strait of Hormuz didn’t reopen?

The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about global energy supplies and economic stability. While diplomatic efforts are underway, the possibility of a lengthy shutdown necessitates careful planning. Nations are exploring alternative routes and stockpiling resources.

The Economic Times

Oil prices settle higher on slow progress in US-Iran peace talks

Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated. Despite some positive signals from U.S. officials and Pakistani facilitation, significant gaps remain, particularly on uranium stockpiles. Global oil inventories are depleting rapidly due to the disruption,…

The Economic Times

Three months in, is Trump losing the Iran war?

America's military actions against Iran three months ago are now questioned. President Trump faces doubts about achieving a clear geopolitical victory. Iran's continued influence in the Strait of Hormuz and its resistance to concessions raise concerns. The situation teeters between diplomacy and renewed threats. Experts suggest a grim outlook for…

The Economic Times

Iran-US war latest: Trump says he will ‘not be rushed’ into peace deal as he warns Tehran over nuclear weapons

Trump said talks were progressing and the US relationship with Iran had become more professional and productive

The Independent UK

Pakistan army chief in Tehran as Iran weighs US peace offer

Pakistan's army chief arrived in Tehran for mediation efforts to end the Middle East war, as Iran considers a peace proposal amid reports of potential new US strikes. Diplomacy continues to secure the Strait of Hormuz, a crucial oil transit route, while fighting persists on the Lebanon front.

The Economic Times

President Trump Doesn't Need Congressional Approval for His Actions as to Iran

Congress can only stop Trump’s actions in Iran by passing a concurrent resolution of both Houses over Trump’s veto, or by declining to fund the war in next year’s budget.

Reason

Rubio urges more support from NATO allies to help end Iran war

US Secretary of State Marco Rubio urged more support for US efforts to reopen the Strait of Hormuz, relaying Trump's "disappointment" at NATO allies and European partners for failing to step up their efforts to end the Iran war. Rubio made the comments ahead of the arrival of Pakistan’s army…

France 24

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Barchart

Crude Oil Prices Gain as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) on Friday closed up +0.25 (+0.26%), and July RBOB gasoline (RBN26 ) closed up +0.0756 (+2.31%). Crude oil rebounded from a 1-week low on Friday and settled higher as a US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global...

Euronews

Ukraine's President Zelenskyy invited to NATO summit in Ankara, Rutte confirms

Trump has lashed out at NATO allies on numerous occasions since the start of the Iran war on 28 February when both the US and Israel launched surprised strikes against the Islamic republic.

Barchart

Crude Oil Prices Supported as Iran Peace Deal Remains Elusive

July WTI crude oil (CLN26 ) today is up +1.31 (+1.36%), and July RBOB gasoline (RBN26 ) is up +0.0831 (+2.54%). Crude oil rebounded from a 1-week low today and is sharply higher as US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global oil supplies....

The Economic Times

US Secretary of State Rubio sees progress in Iran talks, but says 'not there yet'

United States officials report some progress in talks with Iran. Diplomatic efforts are intensifying to end a conflict that has disrupted the global economy. Key issues remain, including Iran's enriched uranium and control over the Strait of Hormuz. The situation fuels uncertainty and impacts oil prices. Negotiations continue with international…

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MarketBeat

Frontline Q1 Earnings Call Highlights

Frontline (NYSE:FRO) reported what Chief Executive Officer Lars Barstad called the company’s most profitable quarter since 2004, as tanker markets were reshaped by the effective closure of the Strait of Hormuz and shifting global oil trade patterns. Speaking on the company’s first-quarter 2026 earn

Euronews

Iran asserts jurisdiction over UAE and Oman waters in new Strait of Hormuz map

Five Gulf states have formally warned shipping companies through the IMO not to comply, as analysts say Iran is deliberately expanding its claimed zone beyond even its own initial boundaries in a step-by-step assertion of territorial control.

Roll Call

Dems see ‘missed opportunity’ in Trump resisting Xi’s Hormuz help

Some congressional Democrats say Donald Trump fumbled a chance to convince Chinese President Xi Jinping to intervene in the president’s costly standoff with Iran over the Strait of Hormuz. Foreign policy experts have fingered Beijing as one of the global capitals still allied with Iran, meaning the powerful Xi might…

Barchart

S&P Futures Gain as Bond Yields Fall, U.S.-Iran Updates Awaited

June S&P 500 E-Mini futures (ESM26) are trending up +0.15% this morning as Treasury yields fell, putting the benchmark index on course for its eighth consecutive weekly gain.

The Economic Times

Crude oil prices could hit $200 per barrel if Strait of Hormuz remains closed: Report

A prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, according to a Wood Mackenzie report.

The Independent UK

Iran-US war latest: Trump administration reportedly preparing for fresh round of military strikes

Tehran says the gap in position with Washington has narrowed - but the Strait of Hormuz remains a sticking point

The Economic Times

Oil Price Today (May 22): Crude oil snaps 3-day fall amid mixed signals on Iran war peace talks. What are experts saying?

Oil prices saw an increase on Friday. Investors are watching Iran peace talks closely. Conflicting reports are creating uncertainty. Concerns about oil supply persist. The Strait of Hormuz remains a critical point. Disruptions could impact global markets. Developing economies may face significant challenges. The situation remains dynamic.

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