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The Latest Breaking News from Strait

Citi Says Oil Prices Could Surge to $130 A Barrel if Strait of Hormuz Remains Closed

Citi analysts warned of how quickly the oil market could tighten if the Strait of Hormuz does not fully reopen soon, noting that crude could climb as high as $130 a barrel.

International Business Times

'Ineffective Leader' Donald Trump Accused Of 'Losing The Plot' After Claiming Credit For Opening Strait He Helped Close

Donald Trump faces intense scrutiny following a scathing op-ed in The Hill calling for his immediate resignation.

International Business Times UK

Iran claims it has ‘new cards’ to play if war resumes with US and Israel — what are they?

Iran may ask the Houthis to close the Bab el-Mandeb Strait, another crucial waterway in the Middle East

The Independent UK

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Get used to higher gas prices this year

Researchers and analysts don't see a quick drop even if the Iran war ends soon.

Axios

Royal Caribbean Stock Pops as Strait of Hormuz Opens. What Barchart Data Says to Do Next.

Royal Caribbean stock rallied on Friday as Iran declared the Strait of Hormuz open. But RCL’s share price rally still faces significant risks ahead.

Barchart

Stranded cruise ships finally pass the Strait of Hormuz and are en route to Europe

TUI Cruises says its May itineraries ‘can go ahead as planned’ after the Mein Schiff 4 and Mein Schiff 5 ships safely departed the Arabian Gulf.

Euronews

Cruise ships escape through Strait of Hormuz and will carry passengers within weeks

Six vessels managed to sail out of the Gulf over the weekend

The Independent UK

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Oil prices jump after Strait of Hormuz setbacks

The latest increase reverses a large chunk of Friday's sharp decline.

Axios

Trump has learned nothing: After lying about opening the Strait of Hormuz, the president is back to threatening Iran’s power plants and bridges

Lather, rinse, threaten.

We Got This Covered

'Will knock out every power plant’: Trump warns Iran again; US delegation going to Pakistan for talks on April 20

A US delegation is heading to Islamabad for fresh talks with Iran after previous negotiations faltered. President Trump issued a stern warning, vowing severe action if Iran rejects the "fair and reasonable" deal offered. Tensions remain high following disagreements over Iran's nuclear program and sanctions, with the Strait of Hormuz…

The Times of India

‘Turn around immediately’: Moment Iranian Navy blocks Indian tanker in Strait of Hormuz - Watch

Two Indian-flagged tankers, Bhagya Lakshmi and Sanmar Herald, were denied passage and reportedly fired upon by Iranian gunboats in the Strait of Hormuz. Crew members of Bhagya Lakshmi were told to turn back, while Sanmar Herald reported being fired upon despite prior clearance. India has raised concerns with Iran over…

The Times of India

‘Spare the sermons’: Iran slams EU over Hormuz stance, calls ‘international law’ remarks ‘peak hypocrisy’

Iran has sharply criticized the EU's stance on Strait of Hormuz transit rules, accusing Brussels of hypocrisy and double standards. Tehran asserts its right to regulate passage, citing self-defense against potential aggression. The EU, however, insists on free passage and warns against transit fees, offering maritime support to ensure open…

The Times of India

Why Did Iran Close the Strait of Hormuz Hours After Donald Trump Said It Was Open?

Iran has reimposed strict controls over the Strait of Hormuz just hours after Donald Trump claimed Tehran had agreed never to close the vital waterway again.

International Business Times UK

Iran closes Strait of Hormuz once again, fires on tankers

A U.S. official told Axios that at least three attacks on commercial ships have occurred so far Saturday.

Axios

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International Business Times UK

Strait Of Hormuz: Expert Claims US Blockade Violates Laws Of Naval Warfare

A legal expert argues that US naval pressure in the Strait of Hormuz amounts to an unlawful blockade, while Iran's tighter control of shipping lanes may still fall within disputed but arguable legal bounds.

The Times of India

President Xi 'very happy' over Hormuz reopening: Trump says 'looking forward' to 'special' meeting in China

President Trump stated that Chinese President Xi Jinping is pleased with the reopening of the Strait of Hormuz. Trump anticipates a "special and potentially historic" meeting next month in China, where "much will be accomplished." This comes amid disruptions to global oil supplies due to Middle East conflict.

The Times of India

Trump claims Hormuz open but 'blockade stays till deal is signed'; Iran contradicts

US President Trump claimed major regional security breakthroughs, including the Strait of Hormuz opening, but insisted naval blockades would persist until a deal is finalized. Iran vehemently rejected these assertions, stating control of the Strait remains with Tehran and passage will be authorized by them, warning of reciprocal measures if…

AAP

Reopening of strait "very fragile", PM says

Dozens of oil tankers are on their way to Australia through the Strait of Hormuz as an international mission gets under way to ensure the waterway remains open.

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Fortune

Iran has reopened the Strait of Hormuz—but experts say Iran has a card ‘like a nuclear deterrent’

Oil prices plunged 10% on Friday’s announcement, but two veteran energy analysts say the celebration might be premature.

The Guardian - UK

Oil price drops below $90 a barrel after Iran says strait of Hormuz is open

Gas price also falls and markets rise amid hopes Donald Trump will succeed in reaching deal with Tehran

International Business Times UK

Europe Is on the Brink With Only About Six Weeks of Jet Fuel Left: IEA Energy Chief Issues Dire Warning

Europe may face flight cancellations as jet fuel supplies dwindle due to the Iran conflict and Strait of Hormuz closure, warns the International Energy Agency.

The Independent UK

Macron and Starmer hold international summit on reopening the Strait of Hormuz

The leaders of France and the U.K. are holding an international summit to push forward efforts to reopen the Strait of Hormuz, a vital oil route affected by the U.S.-Israeli war with Iran

Euronews

No country can legally restrict navigation in Strait of Hormuz, UN maritime chief says

The Secretary-General of the UN’s International Maritime Organization (IMO) told Euronews that shipping shouldn’t become "collateral" in conflicts.

Euronews

Iran to blame for closing Strait of Hormuz, says Gulf leader

The Gulf Chief Jasem Mohamed AlBudaiwi told Euronews that Iran is responsible for weaponising the Strait to score a geopolitical win and should deal with the effects.

The Mary Sue

Donald Trump is waiting for a ‘big fat’ hug from his sworn enemy, but what follows might turn things around

President Donald Trump just dropped a Truth Social post that’s equal parts swagger and warning as he gears up for his trip to China next month. The post, which landed ahead of his May 14-15 meeting with President Xi Jinping, starts with a boast about permanently opening the Strait of…

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