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The Latest Breaking News from the Strait of Hormuz

July ICE NY cocoa (CCN26 ) on Tuesday closed up +84 (+2.55%), and May ICE London cocoa #7 (CAK26 ) closed up +75 (+3.10%). Cocoa prices moved higher on Tuesday amid growing supply concerns. The prolonged closure of the Strait of Hormuz is disrupting global cocoa supplies. The closure of...

Barchart

Potatoes, milk and chicken among foods UK could see shortages of as a result of Iran war

Fresh produce, meat, dairy, and even toilet paper could be impacted by the closure of the Strait of Hormuz

The Independent UK

Trump claims Iran collapse while Teheran sees leverage as Hormuz stand-off tightens

TOI correspondent from Washington: US President Donald Trump on Tuesday claimed that Iran is “in a state of collapse” and is urgently pleading with Washington to reopen the Strait of Hormuz, projecting an image of a weakened adversary desperately seeking relief. But developments on the ground suggest a far more…

The Times of India

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Supply Fears Push Cocoa Price Higher

July ICE NY cocoa (CCN26 ) today is up +84 (+2.55%), and May ICE London cocoa #7 (CAK26 ) is up +72 (+2.09%). Cocoa prices are moving higher today amid growing supply concerns. The prolonged closure of the Strait of Hormuz is disrupting global cocoa supplies. The closure of the...

Barchart

Crude Prices Strengthen as Global Oil Supplies Tighten with Strait of Hormuz Closed

June WTI crude oil (CLM26 ) today is up +3.13 (+3.25%), and June RBOB gasoline (RBM26 ) is up +0.0241 (+0.72%). Crude oil and gasoline prices are sharply higher for a second day today, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices continue...

Barchart

Qatar warns Iran it will not be used as 'political punching bag'

Qatar warned Iran on Tuesday it will not be used as a “political punching bag,” calling for a "comprehensive deal" that would secure the Gulf. In response to Euronews, Qatar's foreign ministry spokesman said "we applaud our partners in Europe for taking the lead" in the Strait of Hormuz crisis.

Euronews

US vs Iran nuclear standoff enters cold war phase - is a bigger war coming?

The Iran conflict has entered a Cold War-like phase with financial sanctions and naval interdictions, leading to a tense stalemate. Higher energy prices are expected to persist, while the risk of escalation remains. President Trump is reportedly weighing new strikes against intensifying sanctions, aiming to force Iran into nuclear program…

The Times of India

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Iran war will trigger largest energy price surge since 2022, World Bank warns

The World Bank’s latest Commodity Markets Outlook report predicts a 24% surge in energy prices this year as the Iran war delivers a historic shock to global supply chains.

Euronews

UAE leaves OPEC, citing national interest in 'a new energy age'

The UAE’s historic decision is a major blow to the alliance of oil producers, just as the global energy crisis is escalating over Iran’s blockade of the Strait of Hormuz, but the Gulf state insists its decision “enhances the UAE’s ability to respond to evolving market needs."

Euronews

Marco Rubio Appears To Reject Iranian Proposal To Reopen Strait Of Hormuz Without Nuclear Deal

Secretary of State Marco Rubio appeared to reject Iran's proposal to end the war and reopen the Strait of Hormuz without a nuclear deal, saying that is the main reason for hostilities.

International Business Times

Iran oil tankers turned back by US blockade

US naval actions have significantly disrupted oil traffic through the Strait of Hormuz, forcing six tankers carrying millions of barrels of Iranian oil back to Iran. While some vessels are being diverted, others have managed to pass, highlighting the ongoing impact of the conflict on global oil exports and the…

The Times of India

The Latest: US appears cold to Iranian proposal to end the war without a nuclear deal

The Trump administration seems unlikely to accept Iran’s offer to end the war and its chokehold on the Strait of Hormuz

The Independent UK

Could the moon ever be blockaded? Experts predict cislunar space could be the next Strait of Hormuz

The ongoing military conflict regarding Iran and the Strait of Hormuz may well mirror a future situation off-Earth — the use of cislunar space, the region between the moon and our planet.

Space

Iran to reopen Strait of Hormuz if US lifts blockade, reports claim

Despite an ongoing ceasefire, the US and Iran are locked in a standoff over the Strait of Hormuz, through which a fifth of the world’s oil and gas trade passes in peacetime.

Euronews

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The Independent UK

Iran war briefing: Trump meets with national security over Tehran peace plan

Donald Trump discussed Iran's proposal to reopen the Strait of Hormuz and end the Middle East conflict with his national security team on Monday, but a US official told Reuters that the President “doesn’t love the proposal” as he wants a peace plan to address Iran’s nuclear programme. The conflict…

The Independent UK

Iran-US war latest: President shares ‘Strait of Trump’ image after urging Tehran to ‘get smart’ and sign deal

Trump urged Tehran to ‘get smart soon’ and reach an agreement

The Independent UK

Oil prices edge higher as Trump weighs Iran’s latest proposal to open Strait of Hormuz

US president is unhappy with latest Iranian proposal, US official says

The Times of India

Putin ally’s $500 million Russian superyacht sails through Strait of Hormuz despite US blockade: Report

A Russian-linked superyacht, Nord, owned by sanctioned billionaire Alexey Mordashov, has successfully sailed through the Strait of Hormuz. This strategic waterway remains a flashpoint amid ongoing tensions, with maritime traffic significantly reduced. The yacht's passage highlights its defiance of sanctions and the complex geopolitical landscape.

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Barchart

Tech Earnings Optimism Powers Stocks Higher

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.01%. June E-mini S&P futures (ESM26 ) rose +0.14%, and June E-mini Nasdaq futures...

The Conversation

Is oil king again? China’s surging cleantech exports show the opposite is true

Over the last two months, nations have scrambled to shore up oil supplies as the Iran war prevented oil tankers moving through the Strait of Hormuz.

Barchart

Dollar Slips on Hopes for US-Iran Peace Talks to Resume

The dollar index (DXY00 ) on Monday fell by -0.05%. The dollar fell from a 2.5-week high on Monday and finished lower after Axios reported that Iran has offered a new proposal to reopen the Strait of Hormuz. The dollar initially moved higher in overnight trade after President Trump canceled...

Barchart

Strait of Hormuz Closure Limits Energy Supplies and Supports Crude Oil Prices

June WTI crude oil (CLM26 ) on Monday closed up +1.97 (+2.09%), and June RBOB gasoline (RBM26 ) closed up +0.0372 (+1.12%). Crude oil and gasoline prices settled sharply higher on Monday, with gasoline posting a 3.75-year high. Crude prices continue to climb as stalled peace talks between the US...

International Business Times UK

Iran to Reopen the Strait of Hormuz? Reports Say Tehran Offered to End Chokehold if US Lifts Blockade and Ends the War

Iran proposes to reopen the Strait of Hormuz if the US lifts its blockade and ends the war. Learn more about this geopolitical shift and its impact on global oil trade.

International Business Times UK

'A Whole Nation Is Being Humiliated': NATO Ally Says as Trump's Iran War Effort Unravels

German Chancellor Friedrich Merz criticises US strategy in Iran, highlighting European discontent and NATO fractures. He questions the lack of a coherent endgame and the humiliation faced by the US.

Barchart

Crude Oil Prices Rally on Stalled US-Iran Peace Talks

June WTI crude oil (CLM26 ) today is up +2.68 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0602 (+1.81%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 3.75-year high. Crude prices continue to climb as stalled peace talks between the US and Iran...

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