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The Latest Breaking News from the Strait of Hormuz

Eleven India-bound vessels have crossed Strait of Hormuz since signing of Iran-US MoU: MEA

Eleven India-bound vessels have successfully navigated the Strait of Hormuz since the US-Iran agreement on June 17, according to MEA spokesperson Randhir Jaiswal. Ten Indian-flagged ships remain in the Persian Gulf, with two more entering the region. This crucial waterway, vital for global oil transit, has recently faced disruptions, raising…

The Economic Times

Monday ship traffic through Strait of Hormuz highest since start of war: monitor

A record 36 commodity carriers navigated the Strait of Hormuz on Monday, a significant uptick following a US-Iran memorandum to end the Middle East war. This surge, nearing a third of normal peacetime traffic, follows Iran's earlier closure of the vital waterway. Despite a recent reopening, Iran's assertion of administering…

The Economic Times

Ships return to Strait of Hormuz, but Iran-US clash over tolls raises new risks

Recent reports indicate that ship traffic in the Strait of Hormuz has started to increase following a temporary agreement, although it remains lower than levels seen before the conflict. Navigational difficulties persist due to the presence of mines in specific routes. Shipping companies are expressing unease over a dispute regarding…

The Times of India

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No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources

Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of…

The Economic Times

The Strait of Hormuz’s future is unsettled even as more ships venture through

Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that constricted global oil supplies and fueled inflation, but questions surrounding control of the vital waterway and whether vessels will be charged tolls to cross it could…

Newslaundry

Iran-US war latest: Trump says Tehran willing to ‘give us anything’ as Senate votes to block his military action

Iran has denied that it has agreed to the inspections and warned against ‘exaggerations’

The Independent UK

The Strait of Hormuz's future is unsettled even as more ships venture through

Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that's constricted global oil supplies

The Independent UK

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Vance says direct talks with Iran set 'good foundation' for deal to end the war

Lower-level officials are continuing to engage in what officials described as “technical talks” in Switzerland following Vance, Ghalibaf and Araghchi’s departure, as the US and Iran look to inch closer to a concrete deal.

Euronews

JD Vance says talks with Iranian officials set 'good foundation' for a deal to end US-Iran war

Iran US War: United States Vice President JD Vance reported significant progress in talks with Tehran, aiming for a permanent end to the recent conflict. Discussions focused on reopening the Strait of Hormuz and de-escalating the Israel-Hezbollah fighting. An interim deal sets a 60-day window for negotiations on Iran's nuclear…

The Economic Times

Oil Price Today (June 23): Crude oil near $78 per barrel as investors track flows through Hormuz. What’s next?

Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a barrel as of 0026 GMT.

The Economic Times

Middle East live: Hezbollah demands full Israeli withdrawal from south Lebanon

Hezbollah leader Naim Gassem on Tuesday insisted upon a complete, scheduled withdrawal of Israel’s troops from southern Lebanon after authorities earlier said Israeli fire had killed two people there despite a ceasefire. "Israel has no choice but to fully withdraw … without retaining an inch," he said in a televised…

France 24

‘Won't return to pre-war conditions’: Iran says Hormuz will be administered by them

In a bold statement, Iran's chief negotiator, Mohammad Baqer Qalibaf, affirmed Tehran's control over the crucial Strait of Hormuz, dismissing any pre-war stipulations. Concurrently, negotiations in Switzerland culminated in securing $12 billion worth of Iranian assets stuck overseas. Additionally, Iran consented to create a communication framework to monitor maritime activities…

The Times of India

Oil gains after selloff, awaits progress on Strait of Hormuz flows

Oil prices saw a slight rebound Tuesday, recovering from Monday's sharp decline. This uptick follows tempered optimism surrounding U.S.-Iran peace talks and a potential easing of tensions in the Strait of Hormuz. Investors are cautiously awaiting concrete signs of restored crude flow through the vital waterway, with market skepticism remaining…

The Economic Times

Iran war could affect UK energy supply over winter months as warning issued over ‘tight days’

Gas prices for winter are more volatile than in recent years following the conflict in the Middle East and the effective closure of the Strait of Hormuz

The Independent UK

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The Independent UK

Vance says talks with Iranian officials set 'good foundation' for a deal to end the war

Vice President JD Vance says his lengthy talks with senior Iranian officials in Switzerland created a good foundation for a final deal to end the Iran war

France 24

Vance says UN nuclear inspectors will return to Iran as US suspends sanctions

The United States temporarily eased sanctions on Iranian oil on Monday after Vice President JD Vance said Tehran had agreed to allow UN nuclear inspectors back into the country, marking a significant step in renewed negotiations aimed at curbing Iran's nuclear programme and stabilising the Strait of Hormuz.

Barchart

Crude Oil Prices Retreat as Global Supply Fears Recede

July WTI crude oil (CLN26 ) on Monday closed down -1.78 (-2.32%), and July RBOB gasoline (RBN26 ) closed down -0.0079 (-0.26%). Crude oil and gasoline prices gave up overnight gains on Monday and settled lower. Crude prices retreated on Monday amid signs of progress in US-Iran peace talks, including...

Bangkok Post

Fertiliser prices set to fall as Mideast shipments resume

The price of fertilisers is trending downwards, with shipments from the Middle East currently en route to Thailand, says the Commerce Minister.

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The Independent UK

Vance claims Iran will allow nuclear inspectors in after hailing ‘great progress’ in peace talks

JD Vance insisted the first talks had laid a ‘good foundation’ for a final deal, despite lingering concerns over Lebanon and the Strait of Hormuz

Barchart

Crude Oil Prices Tumble on US-Iran Peace Progress

July WTI crude oil (CLN26 ) today is down -1.92 (-2.51%), and July RBOB gasoline (RBN26 ) is down -0.0276 (-0.92%). Crude oil and gasoline prices gave up overnight gains and are sharply lower. Crude prices retreated today on signs of progress in US-Iran peace talks, including a waiver on...

International Business Times UK

'The Strait of Hormuz Is Not Your Personal Casino': Iran Mocks Trump After Fresh Threat

Iran and Trump trade sharp threats over the Strait of Hormuz as tensions rise, with fiery exchanges over sovereignty, oil security, and regional military escalation.

The Conversation

Will the US-Iran talks in Switzerland deliver peace? It’s unlikely

When it was signed at the end of the G7 summit on June 17, the US-Iran memorandum of understanding (MoU) was hailed as a diplomatic breakthrough. By reopening the Strait of Hormuz, easing sanctions and launching a 60-day negotiating process, it felt like a positive step on the road to…

Euronews

Iran and US make progress on Hormuz despite Trump's explosive threats

JD Vance said 18 hours of talks in Switzerland had "laid a very good foundation" after both sides agreed a mechanism to keep the Strait of Hormuz open and maintain Lebanon's ceasefire, even as Trump threatened to hit Iran "only harder".

International Business Times UK

Will Petrol Prices Rise Again in the UK? Strait of Hormuz Closure Could Hit Drivers Within Weeks

Iran's closure of the Strait of Hormuz could spike UK fuel prices and disrupt global energy markets. What this means for British drivers and how to mitigate rising costs?

The Independent UK

Oil prices fall and stock markets rise as Iran claims ‘great progress’ made in peace talks with US

Brent crude futures were down despite Donald Trump’s renewed threats to ‘take over’ Iran unless it opens the Strait of Hormuz

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