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The Latest Breaking News from Hormuz

Tentative deal on ending the Iran war sends stocks soaring while oil prices fall

Shares have soared in Asia after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz

AAP

Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected to lower freight costs, ease inflationary pressures, and stabilize global energy markets, benefiting key sectors and policymakers.

The Economic Times

What do we know about the US-Iran peace deal – and what questions remain?

Access to the strait of Hormuz and the future of Iran’s nuclear program are among the issues that remain unclear amid a lack of detail on the agreement

The Guardian - AU

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Nukes, crude sanctions & frozen assets: Inside the 14-point US-Iran peace agreement

A draft agreement between Iran and the United States has reportedly surfaced. This framework could unlock 24 billion dollars in frozen Iranian assets. Sanctions on Iran's energy sector may be eased. The Strait of Hormuz could reopen. Broader negotiations are expected to follow this initial understanding.

The Economic Times

Nirmala Sitharaman flags global risks, says PM Modi Govt ensuring supply stability amid crude, Hormuz pressures

Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, but Prime Minister Modi's government is ensuring there is "not a supply disruption" for households and the economy. She made the remarks at the Viksit Bharat event in Karnataka on…

The Economic Times

Pakistan PM says signing of agreement confirmed – as it happened

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The Guardian - AU

Trump news at a glance: president claims Iran ‘no longer want a nuclear weapon’ amid peace deal hopes

Washington and Tehran express increasing optimism that weeks of halting negotiations may be drawing to a close – key US politics stories from Saturday 13 June at a glance

The Guardian - US

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US-Iran war nearing end? Donald Trump says Sunday deal would reopen Hormuz

US President Donald Trump announced a deal with Iran is set to be signed on Sunday. This agreement is expected to immediately reopen the Strait of Hormuz to all traffic. Pakistan, acting as a mediator, confirmed an agreement to end the conflict is closer than ever. Preparations are underway for…

The Economic Times

‘Comply with US forces in Hormuz immediately,’ Rubio tells Jaishankar amid row over Indian sailors

US Secretary of State Marco Rubio urged compliance with US forces in the Strait of Hormuz. This follows India's strong protest over US naval attacks in the Gulf. These attacks resulted in the deaths of three Indian mariners aboard a Palau-flagged tanker. India summoned the US Embassy's Charge d'Affaires to…

The Economic Times

Trump blames Iran for attacking Indian ships amid New Delhi fury over US attack that killed three Indian sailors

TOI correspondent from Washington: US President Donald Trump on Friday implicated Iran in alleged drone attacks against Indian ships in the Strait of Hormuz amid growing anger in New Delhi over American missile strikes against vessels that killed three Indian sailors.

The Times of India

Oil prices plummet as Trump claims he is close to US-Iran deal

Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekend

The Guardian - UK

Has the US really carried out a secret mission to get oil through Hormuz?

Trump says hundreds of tankers have escaped Iran’s blockade. Data suggests shipments are increasing but many questions remain

The Guardian - UK

BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?

Indian oil marketing stocks surged as crude oil prices dropped to a two-month low amid reports of a potential US-Iran peace deal. HPCL, IOCL, and BPCL shares gained significantly on Friday. Experts, however, caution that full oil market normalization could take years even if a deal is reached.

The Economic Times

Hormuz oil traffic rebounds as Gulf exporters find workarounds: Report

Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports have significantly decreased. This situation impacts global oil prices. Traders are closely watching future transits. The US continues actions against vessels approaching Iranian ports.

The Economic Times

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Evening Standard

OPINION - The Strait we ignore may be the one that hurts Britain most

Yet again the Strait of Hormuz dominates headlines as the on-off peace talks grind on with no clear end in sight. President Trump still shouts about it in full caps on Truth Social. Television producers still show on repeat the same map: Iran on one side, Oman on the other.…

The Guardian - UK

Trump claims US and Iran on verge of signing peace agreement, but Tehran says no final decision made

Iranian leadership has not confirmed claim, after the US president announced that planned strikes on Iran had been cancelled

International Business Times UK

Trump's 'Secret Mission' Claim of 200 Ships and 100 Million Barrels Faces Awkward Maths From His Own Officials

Trump says a secret US mission moved 100 million barrels and 200 ships through Hormuz. Officials count about 70 vessels, and the gap could shape pump prices.

The Times of India

Missile barrage across Gulf puts region on edge; hopes of an Iran-US deal fade as both sides trade fire: 10 things to know

Tensions surge as the US and Iran exchange fresh military strikes. Iran targeted US bases in Bahrain, Kuwait, and Jordan. The US responded with strikes inside Iran. Regional nations condemned Iran's actions. Fears of a wider war across West Asia intensify. The Strait of Hormuz remains a flashpoint. Diplomatic efforts…

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The Economic Times

US and Iran trade attacks for a second day, undermining shaky ceasefire

United States and Iran exchanged air strikes for a second day. President Trump vowed more attacks if Iran does not agree to a peace deal. Tensions escalated after a US helicopter was downed near the Strait of Hormuz. Iran claimed to have closed the strait, a claim the US denied.…

The Guardian - US

Trump news at a glance: president follows through on threats against Iran with fresh strikes

Two days of strikes followed downing of US Apache helicopter over the strait of Hormuz, which Trump has blamed on Iran – key US politics stories from Wednesday 10 June at a glance

The Economic Times

US launches new strikes after Trump threatens to attack Iran 'very hard'

The US launched a new round of overnight strikes on multiple targets in Iran, with President Donald Trump warning of further attacks unless Tehran quickly agrees to a peace deal. The strikes targeted Iranian air defence and radar sites near the Strait of Hormuz after a US helicopter was downed…

The Guardian - US

Trump says ‘I love the inflation’ as rate rises to 4.2% amid Iran war pressure

Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices

The Economic Times

CMA CGM chief says 'unwise' to assume Hormuz will return to pre-war situation

The head of French shipping giant CMA CGM believes the Strait of Hormuz will not return to its previous state. The company is adapting to ongoing geopolitical issues.

The Guardian - AU

US says second day of strikes ‘completed’ – as it happened

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International Business Times UK

Iran Reportedly Shoots Down First $52M US Apache Near Strait of Hormuz: Trump Vows Revenge While Attending Knicks Game

A US Apache helicopter was reportedly downed by Iran near the Strait of Hormuz, prompting President Trump to vow retaliation, threatening fragile diplomatic efforts in the region.

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