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The Latest Breaking News from the Strait of Hormuz

IMF chief says no global slowdown in sight yet, but risks are high

The global economy is holding strong despite the Middle East war. Commodity prices and inflation have risen, but a global slowdown is not yet evident. The IMF chief noted a recent agreement to reopen the Strait of Hormuz. An updated economic forecast is due soon. The IMF previously outlined scenarios…

The Economic Times

Oil Bosses Warn US Reserves Are Hitting 'Tank Bottom' as the White House Calls the Claim False

Oil executives warn the Trump administration of rapidly depleting fuel reserves due to the Strait of Hormuz disruption, but the White House dismisses these concerns despite supporting federal data.

International Business Times UK

India's trade with West Asia gradually improving: Commerce Secy

India's trade with West Asia faced disruptions in May due to the US-Iran conflict. Exports saw a slight dip but are recovering. Imports also declined significantly. The conflict impacted shipping routes like the Strait of Hormuz. Despite challenges, Indian exporters are utilizing Omani ports. A peace deal between the US…

The Economic Times

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Removing All Mines From The Hormuz Strait To Allow Safe Shipping Could Take Weeks: Report

Removing all mines from the Strait of Hormuz to ensure the key waterway is safe for shipping could take weeks even after a deal between the U.S. and Iran to end the war, according to a new report.

International Business Times

US stocks: Dow hits record high on Iran deal optimism, lower oil prices

Major Wall Street indexes surged at the open on Monday following a preliminary agreement between Washington and Tehran to resolve the Middle East conflict and reopen the Strait of Hormuz. This development triggered a significant drop in crude oil prices, boosting investor confidence across the board.

The Economic Times

Secretary of the Interior claims high gas prices are Democrats’ fault and in some states, ‘self inflicted’

“You can thank Gavin Newsom for that.”

We Got This Covered

Over $40bn, thousands of deaths & global fuel crisis: What it cost US and the world to 'open' Strait of Hormuz

A costly US military operation, dubbed 'Epic Fury,' aimed at reopening the Strait of Hormuz has resulted in billions spent, hundreds of aircraft lost, and thousands of lives lost across the region. Despite the immense price, Iran maintains the strait was never closed, highlighting a stark paradox in the conflict's…

The Times of India

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The Latest: G7 leaders likely to discuss Iran and Ukraine at summit in France

World leaders are gathering in a French spa town for a Group of Seven summit

The Independent UK

France, UK seek Hormuz deployment if U.S.-Iran ceasefire takes hold

France and Britain are proposing a multinational naval mission for the Strait of Hormuz. This plan aims to secure shipping routes should a ceasefire between the US and Iran occur. Several European nations are considering participation. The mission would focus on defensive tasks like escorting vessels and mine clearing. G7…

The Economic Times

'Start your engines'? Shipping groups wary on Hormuz reopening

LONDON - Shipping groups warned Monday that it was too soon to start sailing through the Strait of Hormuz following US and Iranian promises that the trade route would reopen under their agreement to end the war.

Bangkok Post

Iran and US reach an initial deal to end the war and open the Strait of Hormuz but challenges remain

The United States and Iran have reached an initial agreement that would extend their shaky ceasefire and lead to the reopening of the Strait of Hormuz

AAP

France's Macron warns Iran against imposing Hormuz tolls

French President Emmanuel Macron on Monday warned Iran against imposing tolls on shipping through the Strait of Hormuz, saying "everything" should be done so fees are not charged for passage through the key bottleneck.

Radio France Internationale

Tentative deal on ending the Iran war sends stocks soaring, oil prices to lowest levels in months

Markets on Wall Street were poised to follow global markets sharply higher after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz, while oil prices fell close to $5 a barrel

AAP

US-Iran Peace Pact Set For Swiss Signing As Global Allies Urge Stability

World leaders welcome a US-Iran peace agreement, as a diplomatic breakthrough promising stability in West Asia, reopening trade routes, and fostering economic growth.

International Business Times UK

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International Business Times

Oil Prices Plummet After U.S. And Iran Reach Tentative Deal To End The War

Oil prices plunged on Monday after the U.S. and Iran announced a tentative deal to end the war and reopen the Strait of Hormuz, potentially restarting the flow of about a fifth of the world's energy after more than three months.

AAP

Iran and US reach a tentative deal to end the war and open Strait of Hormuz but challenges remain

The United States and Iran have reached an initial agreement that would extend their shaky ceasefire and lead to the reopening of the Strait of Hormuz

Barchart

Stocks Set to Open Sharply Higher as Oil Sinks on U.S.-Iran Deal, Fed Meeting Awaited

June S&P 500 E-Mini futures (ESM26) are up +1.22%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.99% this morning, pointing to a sharply higher open on Wall Street as oil prices sank after the U.S. and Iran reached an interim peace deal that would reopen the Strait of…

Euronews

Iran declares victory and Israel holds its ground as US framework deal faces first test

Tehran declared the US "was forced to sign" a surrender while Iran's military said enemies had "no option but to accept defeat," as Israel said IDF forces would remain in Lebanon, Syria and Gaza "for an unlimited period".

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The Independent UK

Starmer hails hugely significant ‘breakthrough’ as Trump announces US-Iran war peace deal

US president Donald Trump said the agreement meant ‘oil will flow’ freely once again through the Strait of Hormuz, the vital shipping route out of the Persian Gulf

The Economic Times

India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow

India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of Hormuz. Consequently, global crude oil prices should moderate. This will ease pressure on India's import bill and help control inflation. Exporters anticipate…

The Independent UK

What we know as Trump says peace deal reached with Iran

‘Ships of the World, start your engines. Let the oil flow!’ Trump wrote on Truth Social on Sunday afternoon

International Business Times UK

Stock Markets Surge and Oil Falls as US And Iran Confirm Historic Deal to End War and Reopen Strait of Hormuz

Global stock markets surged after the US and Iran confirmed a peace deal to reopen the Strait of Hormuz, easing fears of prolonged energy disruption and boosting investor confidence.

AAP

Iran and US reach a tentative deal to end war as Israel rules out withdrawing from seized land

The United States and Iran reached an initial agreement early Monday that would extend their shaky ceasefire and reopen the Strait of Hormuz

Evening Standard

Starmer welcomes ‘breakthrough’ in ending US-Iran war

US President Donald Trump said the agreement meant ‘oil will flow’ freely once again through the Strait of Hormuz, a vital shipping route.

The Independent UK

FTSE 100 up and oil prices down after US-Iran peace deal

Oil prices experienced a significant decline, with benchmark Brent crude falling over 5% to just over 82 US dollars a barrel, reaching its lowest point in more than three months, following an announcement of a peace deal between the US and Iran . The proposed agreement, announced by Donald Trump,…

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