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The Latest Breaking News from the Strait of Hormuz

Brent crude oil surged to US$126 (£94) a barrel after US president Donald Trump announced that he was willing to prolong the blockade of Iranian ports for “months if needed”. This conflict has been billed as a matter of who can absorb the most pain. And Trump is betting on…

The Conversation

Trump ‘briefed on special forces mission’ to secure Iran’s uranium stockpile

Donald Trump reportedly received a high-level briefing on new military options against Iran from Centcom commander Admiral Brad Cooper and Chairman of the Joint Chiefs of Staff General Dan Caine on Thursday. Options discussed included potential “short and powerful” strikes on Iranian infrastructure and an operation to control parts of…

The Independent UK

Oil Shock From Iran Conflict Pushes Global Economy Toward Stagflation Risk: Analysis

A sustained energy supply shock is reshaping global economic expectations, with analysts warning that inflationary pressure and slowing growth are increasingly moving in tandem across major economies.

International Business Times

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Move over TACO, NACHO takes over: Trump earns new nickname amid oil disruption from Strait of Hormuz blockade

Market analysts have shifted from the 'TACO' nickname for President Trump to 'NACHO' amid escalating tensions over the Strait of Hormuz. This new label reflects growing skepticism that the crucial global energy route will reopen soon, despite ongoing diplomatic efforts and trade disputes.

The Times of India

A month ago, Trump told allies the Strait of Hormuz was not his problem. Now he’s begging them to fix it for him

Well, it's his problem now.

We Got This Covered

Stock Market Today: Oil Prices Spike as Trump Orders 'Extended Blockade' of Iran and Rejects Nuclear Deal

Oil prices have surged due to US-Iran tensions and the UAE's exit from OPEC, impacting global markets. Analysts predict prolonged volatility as geopolitical factors continue to influence oil flows.

International Business Times UK

What alternatives do Gulf states have to the Strait of Hormuz?

Two months into the Iran war and the Strait of Hormuz is still mostly shut. Vessel traffic is running at a fraction of pre-war levels, with the patchwork of ceasefires, blockades and re-closures since February 28 not restoring confidence on the bridge of any tanker.

The Conversation

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US seeks 'maritime freedom' coalition to restart Strait of Hormuz shipping

Iran effectively closed the crucial waterway when the war broke out on 28 February. Normally one-fifth of the world's oil and liquefied natural gas transits the waterway. Its closure has sent energy prices skyrocketing around the world.

Euronews

Iran Says U.S. Blockade Is 'Doomed To Fail' As Oil Prices Remain Elevated And Strait Of Hormuz Closed

Iran said the U.S.'s blockade of its ports is "doomed to fail" as oil prices remain elevated and the Strait of Hormuz closed.

International Business Times

How Iran’s mosquito fleet is skirting Trump’s Strait of Hormuz blockade

Iranian ‘fast attack ships’ reduce the need for a traditional navy to control the vital waterway

The Independent UK

The Strait of Hormuz is a data problem, not just a military one

GPS jamming, zombie ship IDs, and AIS blackouts have turned the world's most important oil corridor into a data void—and the real threat to global markets.

Fortune

Iran war briefing: Oil prices rise as Trump sends message to Tehran over Strait of Hormuz deadlock

Oil prices surged after reports indicated Donald Trump was considering military action against Iran to resolve the deadlock in the Strait of Hormuz. Donald Trump urged Tehran to “get smart soon” and sign a deal, and claimed “Iran can’t get their act together” in a social media post. The US…

The Independent UK

'Strait of Trump': US President shares new map naming Hormuz after himself, says blockade could last months

US President Donald Trump shared a modified map renaming the Strait of Hormuz as the "Strait of Trump," following claims that a naval blockade against Iran could last for months. This development occurs as Iran rejects US claims about economic damage and criticizes the blockade strategy, with its parliament speaker…

The Times of India

Oil prices surge as doubts grow over reopening of the Strait of Hormuz

IN FULL

The Independent UK

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The Independent UK

Iran-US war latest: Trump again declares ‘we’ve already won’ as he pressures Tehran to make a deal

President Donald Trump said even though the U.S. has ‘already won,’ he wants to win by a ‘bigger margin’

The Independent UK

Analysis: US blockade is squeezing Iran's all-important oil industry

Even as Iran maintains its chokehold on the Strait of Hormuz, the Islamic Republic increasingly finds itself squeezed by an American blockade threatening its oil industry

The Independent UK

The Bank of England is expected to keep interest rates on hold as it weighs the impact of Iran war

The Bank of England is expected to announce it's keeping interest rates on hold as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes in peacetime

The Independent UK

Iran mocks Trump over rising oil price as it skyrockets past $125: ‘Next stop $140’

Trump is slated to receive a briefing on plans for a series of military strikes on Iran in hopes it will return to negotiations

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The Times of India

US to attack Iran again? 'Short and powerful' wave of strikes may be in store

US Central Command has developed plans for swift, impactful strikes on Iran, targeting key infrastructure to pressure Tehran in nuclear negotiations. President Trump will be briefed on these and other military options, including controlling parts of the Strait of Hormuz or a special forces operation to secure uranium stockpiles.

The Times of India

Trump calls Hormuz blockade ‘genius’, says no deal without nukes; US-Iran talks now telephonic

President Trump hailed the US naval blockade against Iran as "genius," asserting it forces Tehran's concession and ruling out any deal without abandoning nuclear ambitions. US Central Command confirmed the blockade's disruption of Iran's oil trade. Iran reportedly proposed a conditional ceasefire in the Strait of Hormuz, which Washington is…

The Independent UK

Move over TACO, Wall Street has a new nickname for Trump: NACHO

Trump’s new nickname indicates people are not confident he will secure a deal with Iran to open the Strait of Hormuz

International Business Times UK

Pete Hegseth Questioned Why Minesweepers Were Sent to Singapore Weeks Before Iran War

The Pentagon is under scrutiny for positioning US Navy mine-clearing ships far from the Strait of Hormuz before conflict with Iran, raising questions about strategic preparedness.

The Conversation

20,000 stranded seafarers in the Strait of Hormuz face missile fears, exhaustion and isolation

As the closure of the Strait of Hormuz drags on, the United Nations’ International Maritime Organization has sounded the alarm over a related humanitarian crisis: the plight of the crew stuck on ships at or near the strait.

International Business Times UK

Trump Savaged by Wall Street Traders With Brutal New Four Letter Code to Mock His Recent Economic Retreats

Wall Street traders have coined 'NACHO' to mock Trump's handling of the Strait of Hormuz, following the 'TACO' acronym that critiqued his tariff retreats.

Barchart

Crude Prices Surge With No End in Sight to US-Iran War

June WTI crude oil (CLM26 ) on Wednesday closed up +6.95 (+6.95%), and June RBOB gasoline (RBM26 ) closed up +0.1650 (+4.81%). Crude oil and gasoline prices extended this week's sharp rally on Wednesday, with crude oil posting a 3-week high and gasoline posting a 3.75-year high. Crude prices continue...

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