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The Latest Breaking News from the Strait of Hormuz

Iran and US reach a tentative deal to end the war and open 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

AAP

Stocks Set to Open Sharply Higher as Oil Sinks on U.S.-Iran Deal, Fed Meeting Awaited

June S&P 500 E-Mini futures (ESM26) are up +1.22%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.99% this morning, pointing to a sharply higher open on Wall Street as oil prices sank after the U.S. and Iran reached an interim peace deal that would reopen the Strait of…

Barchart

Iran declares victory and Israel holds its ground as US framework deal faces first test

Tehran declared the US "was forced to sign" a surrender while Iran's military said enemies had "no option but to accept defeat," as Israel said IDF forces would remain in Lebanon, Syria and Gaza "for an unlimited period".

Euronews

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Starmer hails hugely significant ‘breakthrough’ as Trump announces US-Iran war peace deal

US president Donald Trump said the agreement meant ‘oil will flow’ freely once again through the Strait of Hormuz, the vital shipping route out of the Persian Gulf

The Independent UK

India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow

India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of Hormuz. Consequently, global crude oil prices should moderate. This will ease pressure on India's import bill and help control inflation. Exporters anticipate…

The Economic Times

What we know as Trump says peace deal reached with Iran

‘Ships of the World, start your engines. Let the oil flow!’ Trump wrote on Truth Social on Sunday afternoon

The Independent UK

Stock Markets Surge and Oil Falls as US And Iran Confirm Historic Deal to End War and Reopen Strait of Hormuz

Global stock markets surged after the US and Iran confirmed a peace deal to reopen the Strait of Hormuz, easing fears of prolonged energy disruption and boosting investor confidence.

International Business Times UK

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Iran and US reach a tentative deal to end war as Israel rules out withdrawing from seized land

The United States and Iran reached an initial agreement early Monday that would extend their shaky ceasefire and reopen the Strait of Hormuz

AAP

Starmer welcomes ‘breakthrough’ in ending US-Iran war

US President Donald Trump said the agreement meant ‘oil will flow’ freely once again through the Strait of Hormuz, a vital shipping route.

Evening Standard

FTSE 100 up and oil prices down after US-Iran peace deal

Oil prices experienced a significant decline, with benchmark Brent crude falling over 5% to just over 82 US dollars a barrel, reaching its lowest point in more than three months, following an announcement of a peace deal between the US and Iran . The proposed agreement, announced by Donald Trump,…

The Independent UK

Oil drops to $80 a barrel and markets rise as Trump touts Iran framework deal

Oil prices traded over 5% lower on Monday morning after US President Donald Trump announced the completion of the framework for a peace deal with Iran and the reopening of the Strait of Hormuz.

Euronews

US and Iran Reach Ceasefire Deal: Strait of Hormuz to Reopen Toll-Free with Signing in Switzerland on Friday

The US and Iran have agreed to a ceasefire, reopening the Strait of Hormuz toll-free, easing global oil tensions, and setting the stage for future nuclear negotiations

International Business Times UK

Ibex 35 rallies on Iran deal and hits record 19,000 points

The US-Iran memorandum reopening the Strait of Hormuz sends oil prices tumbling, pushes the Ibex 35 to a record above 19,000 and lifts European bourses.

Euronews

Bombs, bargains and sanctions: A timeline of Iran's nuclear programme and its decades-long showdown with US

A preliminary deal between the US and Iran aims to end their war and reopen the Strait of Hormuz, easing global energy supply fears. While a memorandum of understanding is expected, Iran's nuclear program remains a key point for future negotiations. This breakthrough follows decades of disputes and recent direct…

The Times of India

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Evening Standard

Cost of Iran oil crisis to UK drivers reaches £4bn

Iran’s restrictions on tankers passing through the Strait of Hormuz led to oil prices hitting their highest level since 2022.

Radio France Internationale

French-UK mission 'ready' to aid Hormuz reopening, says Macron

France's president on Monday said that a military mission set up by Paris and Britain to help with Strait of Hormuz traffic was ready to deploy, following the announcement of an US-Iran deal to end the war in the Middle East, including in Lebanon. Israel insists it is not bound…

Evening Standard

Oil prices drop as Trump heralds US-Iran peace deal

Benchmark Brent crude fell more then 4% to just over 83 US dollars a barrel at one stage on hopes of a reopening of the Strait of Hormuz.

The Economic Times

Congress slams PM Modi's 'blind devotion to Israel', says national interest demands greater balance

Congress has criticized the Modi government's foreign policy. They state Pakistan's influence is growing, posing a challenge alongside China's ties. A US-Iran peace deal is welcomed. This agreement aims to halt hostilities in West Asia. The Strait of Hormuz reopening will bring relief. However, economic issues persist. These concerns predate…

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The Economic Times

World leaders welcome US-Iran deal, urge swift implementation

A significant peace deal has been struck between the United States and Iran. This agreement aims to end their war and reopen the vital Strait of Hormuz. International leaders have welcomed the development, expressing hope for reduced energy prices and a more stable Middle East. The pact also includes provisions…

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

Ashok Leyland, Tata Motors and other CV stocks soar up to 9%. What’s triggering the surge?

US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz, and ease global energy disruptions. The deal, to be signed in Switzerland on June 19, also covers broader regional issues including Lebanon. This development has boosted market sentiment…

Bangkok Post

US, Iran reach agreement to end war, signing set for Friday

U.S. and Iranian officials said they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran's nuclear program to further negotiations. - REUTERS

Euronews

Energy experts warn of slow oil and gas supply recovery after Iran deal

High oil and gas prices and energy supply problems won't be solved overnight, despite Sunday's agreement to end the Iran war and reopen the Strait of Hormuz.

The Economic Times

US-Iran peace deal may help boost India's exports, stabilise rupee

A peace deal between the US and Iran is set to reopen the Strait of Hormuz. This agreement is anticipated to significantly boost India's exports to West Asia. It will also help stabilize the Indian rupee and reduce inflationary pressures. The reopening of this vital shipping route promises economic relief…

The Economic Times

'Opportunity to restore regional peace, stabilise global economy': US-Iran breakthrough draws global support

The major diplomatic breakthrough between Washington and Tehran was announced on Sunday, with President Trump saying that the agreement would bring "peace and security" to West Asia and facilitate the reopening of the critical energy chokepoint Strait of Hormuz.

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