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The Latest Breaking News from Hormuz

Oil prices could take a year to return to pre-Iran levels even if ceasefire holds, Australian experts warn

Analysts say uncertain stability of truce and major damage to infrastructure among many issues that will keep prices high for foreseeable future

The Guardian - AU

Experts see no sign of shipping revival in Strait of Hormuz despite US-Iran ceasefire

Just three vessels have transited the critical waterway since the ceasefire was announced

The Independent UK

Starmer says talks with Gulf leaders have reinforced sense Iran war ceasefire is ‘fragile’ – as it happened

Prime minister has been in talks with Saudi crown prince and UAE president today

The Guardian - UK

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Hezbollah launches rockets at Israel – as it happened

This live blog has now closed

The Guardian - AU

Has the Iran War Ceasefire Already Ceased?

Both sides claim that they’ve agreed to stop fighting and open the Strait of Hormuz, but the fighting is still happening and Hormuz is still closed.

Reason

Iran's proposal to collect tolls in the Strait of Hormuz violates trade norms

To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies

The Independent UK

Ceasefire brings relief to financial markets – but it is far from absolute

Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channel

The Guardian - UK

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Reports of Iran closing Strait of Hormuz 'completely unacceptable,' White House says

One of the major points in the two-week ceasefire agreement was that Iran would allow the resumption of shipping through Hormuz, easing a disruption in the flow of oil and gas which has sent prices soaring around the world.

Euronews

Middle East ceasefire threatens to unravel as Israel assaults Lebanon and Iran blocks oil tankers

Inclusion of Lebanon is significant difference in interpretation of truce agreed at 11th hour on Tuesday

The Guardian - UK

Strait of Hormuz: How Trump gave Iran a weapon deadlier than any nuke

A recent conflict has shifted control of the vital Strait of Hormuz. Iran may now charge transit fees for ships passing through. This follows a US-Iran ceasefire agreement. The situation signals a significant change in regional maritime control. Global oil trade routes are impacted by these developments.

The Times of India

Strait of Hormuz toll? Iran to demand crypto payment from shipping firms - report

Under the proposed system, tankers would be required to share cargo details via email before being assigned a transit fee, reportedly set at $1 per barrel. Payments would be made in digital currencies. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay…

The Times of India

Ceasefire changes little for shipping in strait of Hormuz, experts say

Analysts expect only limited increase in shipping as vessels will still need to seek Iranian permission to transit

The Guardian - UK

Europe hails US-Iran ceasefire. Yet major questions hang over deal

The US-Iran ceasefire deal leaves several crucial questions unanswered for Europeans, who now find themselves excluded from the diplomatic process and scrambling to contain the ripple effects from the war.

Euronews

Oil Prices Plunge Below $95 as Trump Announces Iran Ceasefire: Markets React Wildly

World oil prices tumbled sharply Wednesday after President Donald Trump announced a framework ceasefire between the United States, Israel and Iran, easing fears of prolonged disruption to crude flows through the Strait of Hormuz and sending Brent crude futures plunging more than 13% in early trading.

International Business Times

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International Business Times

Is Strait of Hormuz Open Now? Strait of Hormuz Partially Reopens Under Fragile US-Iran Ceasefire

The Strait of Hormuz, the narrow chokepoint that carries roughly one-fifth of the world's oil and liquefied natural gas, is no longer fully closed but remains heavily restricted as a two-week ceasefire between the United States and Iran took effect Tuesday, allowing selective "safe passage" for approved vessels while thousands…

International Business Times UK

Iran Ceasefire: Will Petrol Prices Finally Return To Normal This Week?

A fragile Iran ceasefire has reopened the Strait of Hormuz, driving oil prices down and raising hopes UK petrol costs may fall, but uncertainty lingers over whether relief will reach drivers.

Euronews

Greek and Liberian-flagged ships first to transit Hormuz since ceasefire

A Greek-owned bulk carrier and a Liberian-flagged vessel seem to be the first ships through the Hormuz Strait since Wednesday's ceasefire, part of a fragile two-week truce.

Fortune

Trump’s ceasefire gives Iran control of the Strait of Hormuz—and Mojtaba Khamenei is reportedly alive

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The Guardian - UK

‘A step back from the brink’: European leaders welcome US-Iran ceasefire

Announcement of deal met with relief and calls for strait of Hormuz to be reopened and permanent end to hostilities

The Guardian - UK

UK politics: Starmer warns ‘lot of work to do’ to make ceasefire permanent at start of talks in Gulf - as it happened

PM will meet leaders in the region to discuss diplomatic efforts to support the ceasefire agreed between the US and Iran

The Guardian - UK

Oil prices plunge 15% to below $100, stocks surge and dollar slumps after Trump announces US-Iran ceasefire – as it happened

Oil prices drop most since pandemic while gas prices slide 20%; government bond yields fall sharply as rate hike expectations recede

The Times of India

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 Conversation

How might the Strait of Hormuz be reopened? Here are 3 scenarios

The Strait of Hormuz crisis has reached a critical juncture. President Donald Trump has demanded Iran reopen the strait or the United States will further intensify its military assault.

The Guardian - AU

Trump says uranium will be ‘taken care of’ – as it happened

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Euronews

OPEC+ to hike crude output: Will it make a difference to oil prices?

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed ‌to increase its crude output as the Middle East conflict continues to disrupt oil traffic passing through the Strait of Hormuz.

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