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The Latest Breaking News from the Strait of Hormuz

Iran ceasefire effect: Oil plunges as European markets surge

Oil prices plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.

Euronews

Newsletter: US and Iran agree to two-week truce, Strait of Hormuz set to reopen

Also in this newsletter: JD Vance attacks the EU to boost Orbán’s campaign ahead of Hungarian vote.

Euronews

Keir Starmer welcomes US-Iran ceasefire amid efforts to reopen Strait of Hormuz

The Prime Minister said: ‘I welcome the ceasefire agreement reached overnight, which will bring a moment of relief to the region.’

Evening Standard

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Asian stocks rally after Trump’s Iran ceasefire and ‘immediate’ Hormuz opening—even as it remains unclear how open the strait actually is

Asian markets surged on the possibility that much needed oil, gas and commodities can start flowing through the Strait of Hormuz again.

Fortune

Trump hails ‘complete victory’ in Iran ceasefire deal as oil prices tumble

President Donald Trump has claimed a "total and complete victory" following a two-week ceasefire deal with Iran to reopen the Strait of Hormuz. The agreement led to oil prices falling below $100, with Trump hailing it as a "big day for world peace" on Truth Social. Before the deal, Trump…

The Independent UK

US and Iran agree to 2-week ceasefire as Trump pulls back on threats

U.S. President Donald Trump pulled back on his threats to launch devastating strikes on Iran late Tuesday, as the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.

Newslaundry

Iran-US ceasefire details: Trump predicts 'positive action', 'big money' after truce; US to 'hang around' Strait of Hormuz

US President Donald Trump declared a "total and complete victory" after announcing a ceasefire with Iran, ending 38 days of Operation Epic Fury. Both nations claimed success, with Iran pointing to Washington's acceptance of its 10-point proposal. The deal, brokered with Pakistan's mediation and potentially China's influence, addresses nuclear concerns…

The Times of India

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Iran-US war live: Tehran vows ‘heavy response’ if Israel doesn’t stop deadly barrage on Lebanon immediately

Revolutionary Guards say any attack on Hezbollah 'is an attack on Iran'

The Independent UK

Trump threatens CNN over its Iran coverage moments after announcing ceasefire plan

FCC boss Brendan Carr said CNN must face ‘accountability’ for a report he claims is inaccurate without providing evidence

The Independent UK

Iran's defence-industrial base 'completely' destroyed, US defence secretary says

The Pentagon chief also said the United States is "watching" Iran's enriched uranium, which Washington targeted in strikes last year, and will take action if Tehran does not give it up.

Euronews

Asian benchmarks jump after oil prices sink in response to the Iran ceasefire

Asian shares are surging as oil prices plunged after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz

The Independent UK

Has the war ended? 10 things to know about the US-Iran ceasefire

US President Trump announced a two-week pause on military strikes against Iran, contingent on reopening the Strait of Hormuz and diplomatic engagement. While a narrow window for talks has opened, the situation remains volatile. Iran has proposed a 10-point peace framework, but discrepancies and ongoing military activity highlight the fragility…

The Times of India

US‑Iran agree to two‑week ceasefire: Here is Trump’s full statement

US President Donald Trump stepped back late Tuesday from his threats of devastating strikes on Iran, announcing a two-week ceasefire just hours before the deadline he had set for Tehran. The agreement includes the temporary reopening of the Strait of Hormuz, a critical waterway for global oil shipments, and sets…

The Times of India

Oil prices plummet and Asian stocks surge after Trump suspends attacks on Iran

US president’s decision contingent on Tehran agreeing to two-week ceasefire and reopening Strait of Hormuz

The Independent UK

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Axios

Oil prices plunge following U.S.-Iran ceasefire

The agreement is subject to Iran to allowing "complete" reopening of the Strait of Hormuz, President Trump said.

International Business Times UK

Trump Agrees to Two-Week Ceasefire With Iran After Receiving 'Workable' 10-Point Proposal and Pakistan Talks

Donald Trump just announced a two-week ceasefire with Iran, but on the condition that they would completely and immediately reopen the Strait of Hormuz.

The Times of India

US-Iran 2-week ceasefire: What’s in Tehran’s 10-point proposal to end the war

Iran’s Supreme National Security Council announced that it has agreed to a two-week ceasefire in the ongoing conflict, with talks set to begin with the United States in Islamabad on Friday. US President Donald Trump has stepped back from earlier threats to expand attacks on Iran, saying this depends on…

The Times of India

'Double-sided ceasefire': Donald Trump agrees to suspend Iran attack by 2 weeks if it opens Hormuz immediately

In a surprising move, US President Donald Trump has announced a two-week halt to planned military actions against Iran, contingent on the immediate and safe opening of the Strait of Hormuz. This potential de-escalation follows discussions with international leaders and signals a significant diplomatic opening, with both nations indicating a…

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The Guardian - US

US and Iran agree to provisional ceasefire as Tehran says it will reopen strait of Hormuz

US president abandons threat for Iran to surrender or face destruction with last-minute intervention led by Pakistan

International Business Times

Trump Announces Two-Week Ceasefire With Iran Subject To The Reopening Of The Strait Of Hormuz

President Donald Trump announced a two-week ceasefire with Iran subject to the reopening of the Strait of Hormuz.

The Conversation

When a president is unfit for office, here’s what the Constitution says can happen

Bipartisan calls for President Donald Trump’s removal from office increased on April 7, 2026, after he issued threats to destroy “a whole civilization” if Iran refuses to reopen the Strait of Hormuz.

Fortune

2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran

China’s “petroyuan” system is a player in a way that it wasn’t before.

Barchart

Traders Are Running to These Sector ETFs as the Strait of Hormuz Remains Closed, but High Risks Remain

Energy infrastructure and modern defense stocks are emerging as opportunities amid Middle East conflict.

Barchart

Crude Prices Fall From Highs on Hopes for a Last-Minute Iran Deal

May WTI crude oil (CLK26 ) on Tuesday closed up +0.54 (+0.48%), and May RBOB gasoline (RBK26 ) closed down -0.0030 (-0.09%). Crude oil and gasoline prices settled mixed on Tuesday, with crude oil posting a 4-week nearest-futures high. Crude prices rose on concerns that the war in Iran will...

Euronews

Russia and China veto UN resolution aimed at reopening Hormuz strait as US deadline for deal looms

One-fifth of the world's oil typically passes through the strait and Iran's chokehold during the war has sent energy prices soaring around the world.

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