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The Latest Breaking News from the Strait of Hormuz

Iran has 'no trust' in US, will negotiate only if it is serious: Araqchi

Iran expresses distrust in the United States, stating negotiations will only occur if Washington is serious. Talks to end the ongoing conflict are currently stalled. Iran allows passage through the Strait of Hormuz for vessels not at war with Tehran, provided they coordinate with its navy. The situation remains complex.

The Economic Times

Iran war left in limbo after Trump and Xi fail to agree path to ending conflict at crucial summit

Hopes that the US president and his Chinese counterpart would produce a concrete plan to end conflict have been dashed

The Independent UK

Global Markets | European shares tumble on Iran war-linked inflation woes

U.S. President Donald Trump, on the last day of his trip ‌to China, said ⁠his patience ⁠with Iran was running out and that China's President Xi Jinping agreed that Tehran must not be allowed to develop nuclear weapons and should reopen the Strait of Hormuz.

The Economic Times

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Hormuz not blocked by Iran, 'unprovoked aggression' by US, Israel led to it: Russian FM Lavrov

Russia's Foreign Minister Sergey Lavrov pointed to US and Israeli actions as the cause of the Gulf crisis. He stated Iran did not block the Strait of Hormuz. Lavrov proposed regional security talks involving Iran and Arab nations. He suggested India could mediate between Iran and the US for long-term…

The Economic Times

Trump says he and China's Xi agree Iran cannot have nuclear weapons

Trump and Xi Jinping also discussed keeping the Strait of Hormuz open for global shipping. Tensions remain high as the conflict continues. Recent incidents involve a sunk cargo vessel and a ship boarded by unauthorised personnel. Diplomacy is currently stalled.

The Economic Times

Trump hails 'fantastic trade deals' made during talks with China's Xi

President Donald Trump announced he had made "fantastic trade deals" with China's President Xi Jinping, as the pair met on Friday for the final talks of a superpower summit that the US leader said had also secured a Chinese offer to help open the Strait of Hormuz.

Radio France Internationale

The Latest: Trump wraps up China visit and holds private meeting with Chinese leader Xi Jinping

U.S. President Donald Trump wraps up his visit to Beijing with a private meeting at Chinese leader Xi Jinping’s official residence before he departs for Washington

The Independent UK

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Iran eyes fees on Hormuz internet cables as new lever against the West

IRGC-linked media have called on Tehran to impose fees on submarine cables through the Strait of Hormuz and monitor global data traffic, citing claimed sovereignty over the waterway.

Euronews

Trump says made 'fantastic trade deals' with Xi

President Donald Trump met with President Xi Jinping in Beijing. They discussed significant trade agreements beneficial to both nations. China offered assistance regarding the Strait of Hormuz. Discussions also touched upon artificial intelligence and oil purchases. The leaders addressed geopolitical flashpoints like Taiwan, aiming to manage differences.

The Economic Times

War worsens Lebanon's economic crisis with job losses, price gouging and slow business

The latest war between Israel and Hamas, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast

The Independent UK

Trump and Xi wrap up summit claiming progress in stabilising ties but differences remain

The two leaders met on Friday at final talks of the superpower summit, which the US president said "settled a lot of different problems". Xi described Trump's visit as a "milestone visit".

Euronews

‘Xi would also like to see the Hormuz Strait open’: Donald Trump on US-China talks

US President Trump revealed Chinese President Xi Jinping desires the Strait of Hormuz reopened to stabilize global energy markets. Both leaders reportedly agreed on the necessity of this crucial shipping route's resumption. Discussions also touched upon potential increased Chinese purchases of American oil and agricultural products, alongside ongoing tensions regarding…

The Times of India

HPCL, BPCL and IOC shares slide up to 3% after petrol, diesel price hike

Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain high due to West Asia conflicts. Prime Minister Modi urged fuel conservation. Oil Minister Hardeep Singh Puri expressed concern over companies…

The Economic Times

Iran-US war latest: Trump warns Tehran ‘clock is ticking’ after phone call with Netanyahu

A drone strike has sparked a ⁠fire at an electrical generator at the Barakah Nuclear Power Plant in Abu Dhabi

The Independent UK

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The Economic Times

Oil Price Today (May 15): Crude oil above $105 as Iran war resolution stagnates. Where is liquid gold headed?

Oil prices climbed Friday amid fears of ship attacks and seizures, despite Iran's claims of safe passage through the Strait of Hormuz. Traders are also watching US-China trade talks closely. Geopolitical tensions remain high, with disruptions significantly tightening global oil supplies and potentially impacting prices until late 2027.

The Economic Times

Oil rises as fears of ship attacks and seizures persist

Oil prices saw an increase on Friday. Market worries persist regarding ship attacks and seizures. Iran stated many vessels passed through the Strait of Hormuz. U.S. and Chinese presidents continued their discussions in Beijing. A ship was reportedly seized off the United Arab Emirates. The U.S. and China agreed on…

The Economic Times

West Asia War: Ship reported seized off UAE as Trump discusses Iran with Xi

A ship was seized by Iranian personnel near the UAE. US President Trump and Chinese President Xi Jinping agreed on keeping the Strait of Hormuz open. An Indian cargo vessel was sunk off Oman. Iran is making deals for ships to pass through the strait. Iran's Judiciary Spokesperson stated seizures…

The Times of India

Iran permits 30 vessels to pass through Strait of Hormuz overnight; Hezbollah strikes Israel - top developments

Iran’s Revolutionary Guards said around 30 ships had crossed the Strait of Hormuz with Tehran’s permission since Wednesday evening, signalling a limited easing of restrictions on one of the world’s most important energy routes. Iranian media reported that several Chinese vessels were among those allowed through after what officials described…

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The Conversation

Iran is threatening undersea cables. The world’s ‘digital chokepoints’ have never been more vulnerable

Early this week, Iranian state-linked media floated a plan to charge the operators of undersea internet cables in the Strait of Hormuz for access to what they say is Iran’s offshore territory.

Latin Times

Ilhan Omar Says Trump's Cognitive Decline Has Been Visible "For a Very Long Time"

Rep. Ilhan Omar said President Donald Trump's apparent cognitive decline has been visible "for a very long time," sharpening one of her most personal criticisms of the president just as he headed into a high-stakes trip to China dominated by the Iran war, the Strait of Hormuz and fears of…

The Times of India

Trump says Xi vowed not to arm Iran, offered help to open Hormuz

US President Donald Trump has said that Chinese President Xi Jinping had offered China’s help to reopen the Strait of Hormuz and pledged not to provide military equipment to Iran amid its war with the United States and Israel.

The Economic Times

Xi tells Trump that mishandling of Taiwan could spark conflict

Chinese President Xi Jinping met with US President Donald Trump for trade talks. Xi Jinping stated that trade negotiations were progressing positively. However, he issued a strong warning regarding Taiwan, emphasizing that disagreements over the island could lead to a dangerous path and potential conflict between the two nations. The…

Barchart

Crude Oil Prices Slip on Dollar Strength

June WTI crude oil (CLM26 ) today is down -0.19 (-0.19%), and June RBOB gasoline (RBM26 ) is down -0.0534 (-1.48%). Crude oil and gasoline prices are under pressure today from a rally in the dollar index ($DXY ) to a 2-week high. Also, signs that OPEC+ may boost its...

The Economic Times

A tiny oil lifeline reopens through tense Hormuz after months of chokehold

More oil tankers are navigating the Strait of Hormuz. This offers some relief to the global oil market. Several ships carrying crude oil have exited the waterway recently. Some vessels are traveling with their satellite signals off. This makes tracking difficult. Iran has allowed Chinese ships to pass. Other oil…

Reason

New Attacks in Hormuz

Plus: a different type of pizzagate, Kevin Warsh as the new Jerome Powell, and more...

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