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The Latest Breaking News from the Strait of Hormuz

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

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

The Independent UK

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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.

France 24

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...

Barchart

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.

Bangkok Post

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

The Independent UK

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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...

Barchart

'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.

International Business Times UK

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…

The Conversation

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".

Euronews

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?

International Business Times 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

The Independent UK

Number of ships passing through Strait of Hormuz plummets again after Iran closes waterway

The waterway was officially closed on Monday but a handful of ships are still getting through

The Independent UK

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International Business Times UK

Iran Walks Out of US Talks in Switzerland Amid Trump's Renewed Threats Over Lebanon

Iranian negotiators left US talks in Switzerland after Trump's threats over Lebanon, complicating efforts to ease regional tensions and reopen the Strait of Hormuz

Bangkok Post

Fertiliser supply situation eases

Worries about fertiliser supply have eased after Thailand-bound cargo ships were allowed passage through the Strait of Hormuz, but the government is still seeking additional sources of supply, the commerce minister said on Monday.

International Business Times UK

Lindsey Graham Reveals Trump's Plan to 'Obliterate' Iran and Seize World's Key Oil Route if Peace Talks Fail

US Senator Lindsey Graham warns of a potential military takeover of the Strait of Hormuz if diplomatic talks with Iran fail, highlighting escalating tensions and possible conflict in the Middle East.

Euronews

Markets: Oil slips on US-Iran talks progress as pound falls on Keir Starmer exit

Oil prices retreated on Monday after signs of progress in US-Iran negotiations eased fears of ongoing supply disruptions in the Strait of Hormuz, a critical global oil transit route. In the UK, market watchers turned their attention to the departure of the country's prime minister.

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The Economic Times

Iran, US establish communication line to safeguard shipping through Hormuz, say mediators

Iran and the United States have established a direct communication line to "avoid incidents and miscommunication" in the Strait of Hormuz, mediators Qatar and Pakistan announced on Monday after the first round of high-level talks under a 14-point Memorandum of Understanding (MoU).

The Times of India

Hormuz 'communication line', Lebanon 'de-confliction cell': 5 key outcomes from first round of Iran-US talks

Iran and the US have achieved significant progress in high-level talks aimed at ending hostilities and reaching a political settlement. Key outcomes include a 60-day roadmap for a final agreement, the establishment of a Lebanon de-confliction mechanism, and a direct communication line for the Strait of Hormuz. Economic relief for…

France 24

US and Tehran disagree over whether Iran will allow nuclear inspections

US Vice President JD Vance said Monday that Iran had agreed to allow International Atomic Energy Agency inspectors back into the country. Iran’s foreign minister later refuted the claim, saying Tehran had not negotiated the nuclear issue or made any commitments during first-round US-Iran talks towards ending the Middle East…

The Economic Times

Markets on edge as US-Iran ceasefire deal leaves investors rattled by uncertainty: Seth R. Freeman

Despite a US-Iran ceasefire framework, markets remain volatile due to unresolved issues like Iran's nuclear program and the Strait of Hormuz. While oil prices are sensitive, China's markets struggle with property woes. India, however, shows promise, potentially emerging as a long-term AI powerhouse. Investors are advised caution until a concrete,…

The Independent UK

Iran-US war latest: US waives Iran oil sanctions as Tehran disputes Vance’s nuclear inspection claims

Iran will now be able to export oil in US dollars for the first time in decades

The Economic Times

Shipping data reveals see-saw situation in Strait of Hormuz

Shipping traffic through the Strait of Hormuz plummeted on Sunday after Iran declared it closed again, citing alleged violations of a peace deal. Data revealed only five vessels passed, a stark drop from the previous day. This comes after Iran had previously lifted a blockade following a ceasefire agreement.

Bangkok Post

US and Iran conclude high-level talks in Switzerland, mediators say

BUERGENSTOCK, Switzerland/DUBAI - The first round of talks between high-ranking US and Iranian officials in Switzerland ended on Monday, mediators said, after a tense opening marked by ‌Tehran's announcement it had again closed the Strait of Hormuz and US President Donald Trump repeating his threats to resume attacks on Iran.

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