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The Latest Breaking News from the Strait of Hormuz

Stocks Jump Buoyed By U.S-Iran Deal To End War And Reopen Hormuz Strait

Stocks jumped on Monday, buoyed by the agreement between the U.S. and Iran to end the war and reopen the Strait of Hormuz.

International Business Times

Iran deal: Trump is back to square one, but the cards are now in Tehran’s favor

The signing of the Islamabad Memorandum of Understanding (MoU) between the US and Iran on Monday has been welcomed by the international community after a devastating three-month war. The agreement was announced on June 14, President Donald Trump’s birthday, but the biggest beneficiary, experts say, is the Iranian regime.

France 24

ET Graphics: What the US and Iran say in the memorandum to end Iran war

The US and Iran, with Pakistan as mediator, have announced a preliminary deal to end the war, with an immediate cessation of military operations and the reopening of the Strait of Hormuz. Negotiations on Iran's nuclear program and US sanctions will follow within 60 days.

The Economic Times

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Bitcoin Tops $65,000 As U.S.-Iran Hormuz Deal Sparks Rally Across Riskier Assets

Bitcoin climbed above $65,000 on Monday, reaching its highest level in nearly two weeks as investors reacted to an agreement between the United States and Iran to reopen the Strait of Hormuz.

International Business Times

Qatar gave Iran billions to keep its ships safe under secret deal backed by US: Report

Qatar secretly secured US approval for a financial arrangement with Iran that allowed billions of dollars to flow to Tehran in return for the safe passage of Qatari tankers through the Strait of Hormuz, according to a report cited by The Times of Israel from Israel Hayom.

The Times of India

'Start your engines'? Shippers wary on Hormuz reopening

Shipping groups are hesitant to resume sailing through the Strait of Hormuz. An agreement between the US and Iran promises its reopening. However, details on safe routes and timings are lacking. Hundreds of ships remain stuck in the Gulf. Leaders urge caution as the strait's de-mining is underway.

The Economic Times

Even with a deal to reopen the Strait of Hormuz, it could take weeks or months for oil to fully flow

The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy

The Independent UK

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Ships are starting to move through Hormuz: Trump

US President Donald Trump announced ships are now safely navigating the Strait of Hormuz, following a digital agreement to end a 107-day war with Iran. He stated the waterway will be "permanently toll-free" and indicated a formal peace deal signing is set for Friday in Switzerland. Trump also outlined potential…

The Economic Times

Trump says US-Iran peace deal signed but Israel rules out withdrawing from Lebanon

Israel and the United States appeared at odds over Lebanon, where the Israeli military continued to operate on Monday

The Independent UK

Middle East oil and gas output will take months to fully recover

A landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already caused oil prices to drop. However, industry experts warn that restoring oil production and refinery operations to their previous levels will be a lengthy process, potentially…

The Economic Times

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

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

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The Economic 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.

We Got This Covered

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

“You can thank Gavin Newsom for that.”

The Times of India

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 Independent UK

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

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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…

Bangkok Post

'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.

AAP

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

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.

AAP

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

International Business Times UK

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

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.

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