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The Latest Breaking News from Hormuz

$300 billion, sanctions relief, Hormuz reopening: What Tehran gets, what Washington gains from peace deal MoU

The US-Iran peace memorandum of understanding (MoU) outlines a sweeping framework aimed at ending military confrontation, opening the Strait of Hormuz, releasing Iran's frozen assets and providing $ 300 billion for reconstrction and opening the door for long-term negotiations.

The Times of India

Middle East crisis: Trump says US expects ‘complete ceasefire on all fronts, including Lebanon, Hezbollah and Israel’ – as it happened

US president says he encourages Middle East countries to ‘maintain commitment to allowing our negotiations to beautifully unfold’

The Guardian - AU

Iran-US war latest: Supreme Leader says Trump made a deal out of ‘desperation’ after US lifts naval blockade

US vice president JD Vance said more than 12 million barrels of oil passed through the Strait of Hormuz last night

The Independent UK

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Donald Trump’s Iran deal met with anger, relief and incredulity

G7 leaders and mediator Pakistan hailed the release of the memorandum of understanding, views that were not widely shared in Israel and among US Republicans

The Guardian - AU

What challenges could stand in the way of a final US-Iran deal?

US-Iran war news: High-stakes talks between the U.S. and Iran begin in Switzerland. Negotiators face major challenges including Iran's nuclear program and the Strait of Hormuz. Sanctions relief and frozen assets are also key issues. Disagreements over negotiating styles and deep distrust could derail progress. A comprehensive peace deal within…

The Economic Times

US-Iran deal takeaways: reopening the strait of Hormuz, waived oil sanctions and Lebanon

US officials have revealed a preliminary memorandum of understanding between Washington and Tehran to end the costly 110-day conflict

The Guardian - US

Trump Is Boasting About a Secret 100-Million-Barrel Oil Operation That Defies Every Known Rule of Naval Logistics

The Strait of Hormuz was once a predictable artery for global energy supplies. Today, it’s a battleground.

The Mary Sue

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Iran fires drones at commercial ships in Strait of Hormuz: Israeli Media

The firing took place after the signing of the US-Iran memorandum of understanding (MoU) on Sunday, and the drones were intercepted by the US military ere they posed a threat to commercial or US military ships and personnel.

The Economic Times

Oil tankers u-turn, head back to Middle East as Hormuz reopening nears

In a strategic pivot, two oil tankers are heading toward the Middle East in expectation of the Strait of Hormuz’s reopening. Shipowners are gearing up for a bustling uptick in maritime commerce, as this vital corridor is on track to become operational again.

The Economic Times

Ships start to trickle through Strait of Hormuz, but who will run it still in doubt

Trump said the strait would be "completely open" by Friday, but key details over who will manage the crucial waterway remain unresolved. Meanwhile, Iran has made further claims that it will control Hormuz in the future based on its interpretation of the framework deal with the US.

Euronews

So is the US war with Iran over? In a word: no

The much-hyped deal, which is set to be formally signed on Friday in Geneva, doesn’t end the war. It’s essentially a 60-day extension of a ceasefire

The Guardian - US

Qatar plans to rapidly restart LNG production after Hormuz opens

Qatar plans to quickly ramp up liquefied natural gas production to nearly full capacity within two months of the Strait of Hormuz reopening. QatarEnergy expects to reach 50% output a month after safe passage is restored, with the remaining capacity to take years to fully recover from recent damage.

The Economic Times

Iran's Pezeshkian calls US-Iran MoU 'a document of national pride' as Geneva signing nears

Iran and Washington have agreed to a memorandum of understanding. This document outlines future engagement between the two nations. Sanctions relief is linked to Iran's nuclear compliance and regional security. The Strait of Hormuz will open immediately. The US naval blockade on Iranian ports will be lifted. Formal signing is…

The Economic Times

US at odds with allies over how easy it is to reopen Hormuz

Global leaders are meeting to discuss the Strait of Hormuz. US President Donald Trump expects it to reopen soon. However, European allies are cautious. They need clarity on an interim agreement with Iran before committing to de-mining and patrols. The situation remains complex, with differing timelines and potential challenges ahead…

The Economic Times

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Fortune

The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year

“Our working assumption is that ~80% of energy flows will resume by the end of Q3, but a return to ‘normal’ could stretch into 2027.”

The Times of India

Trump MOU-lds Iran deal to end war he started

President Trump's latest move has sparked intrigue as he proclaimed a "historic agreement" with Iran, featuring a memorandum to establish an interim ceasefire and a two-month negotiation window. This initiative aims to restore order in the critical Strait of Hormuz and cease hostilities.

The Guardian - UK

What’s in – and what’s not in – the US-Iran peace deal

Agreement contains no restrictions on Iran’s ballistic missiles, nor does it call for regime change or surrender

The Guardian - UK

Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles

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The Economic Times

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…

Radio France Internationale

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.

The Guardian - UK

First Thing: US and Iran reach framework peace deal to end war

Trump says strait of Hormuz to reopen as part of imminent agreement

The Guardian - UK

Indian outrage over US killing of sailors mounts as leaders attend G7 summit

Relations at lowest ebb in years after Washington refuses to apologise for deaths in strait of Hormuz

Euronews

Europe Today: US and Iran strike framework deal as Trump heads to Europe for G7 summit

US President Donald Trump is set to join fellow G7 leaders in France in the wake of a framework agreement between Washington and Tehran designed to pave the way for peace and the reopening of the Strait of Hormuz.

The Economic Times

Fragile Iran deal offers oil relief, but Hormuz risks remain

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible. Tanker traffic may not fully return to pre-war levels soon. This situation will likely keep oil prices higher. Logistics will take time to…

The Guardian - US

Trump news at a glance: Fate of the strait of Hormuz unclear as president claims ‘toll-free opening’

Trump says the oil will flow but state media reports out of Tehran suggest it could be under ‘Iranian arrangements’ ; UFC paying White House fighters in Trump crypto. Key US politics stories from Sunday 14 June at a glance

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