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The Latest Breaking News from the Strait of Hormuz

Oil Plunges On Renewed Hopes Of U.S.-Iran Deal That Reopens Strait Of Hormuz

Oil is plunging on Monday on renewed hopes the Strait of Hormuz will be reopened.

International Business Times

Trump’s ‘largely negotiated’ truce with Iran exposes a deeper crisis in U.S. strategic thinking

United States President Donald Trump has announced via social media that a peace deal with Iran has been “largely negotiated.” While Trump and his allies have been trumpeting the agreement for days, details are vague, and Iranian authorities insist the two parties have yet to reach a formal deal.

The Conversation

Iran's deputy foreign minister dials Vikrim Misri to discuss West Asia situation

India's Foreign Secretary Vikram Misri spoke with Iran's Deputy Foreign Minister Majid Takht Ravanchi. Discussions covered regional developments and bilateral cooperation. This follows US Secretary of State Marco Rubio's statement on progress in US-Iran talks. The Strait of Hormuz reopening is a key focus. Iran's nuclear program and control over…

The Economic Times

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Oil Prices Plunge 5% As Donald Trump Teases Historic 'Constructive' Iran Peace Deal

Oil prices fell by 5% following Donald Trump's remarks on constructive talks with Iran over the Strait of Hormuz, despite no concrete deal being reached yet.

International Business Times UK

Parliamentary panel members grill Oil ministry officials over 'shortage' of petrol, LPG

Parliamentary panel members questioned Oil Ministry officials about petrol and diesel shortages. Officials confirmed crude oil stocks for 78 days. Thirteen Indian ships remain stranded in West Asia due to the Strait of Hormuz closure. The government is working to ensure no shortages, but war uncertainty persists. Fertiliser availability is…

The Economic Times

Iran's top envoys discussing potential peace deal with Qatar prime minister, official says

Iran's top negotiator and foreign minister met Qatar's prime minister in Doha for talks with the US. Discussions centered on a potential deal to end the ongoing war. Key topics included the Strait of Hormuz and Iran's nuclear material. The US expressed cautious optimism for diplomacy.

The Economic Times

Saudi Arabia emerges as Gulf's key trade route as Iran war blocks Hormuz strait

Saudi Arabia is capitalizing on the Iran war's disruption of the Strait of Hormuz to advance its goals as a regional energy and logistics hub. The kingdom's existing infrastructure and strategic Red Sea ports are facilitating continued oil exports and absorbing increased trade, boosting its revenue and accelerating development plans…

The Times of India

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Fears over Thai car exports as Mideast war hits trade

Thailand’s automotive industry is bracing for a potential setback in 2026, with car production expected to miss its target for the first time in five years if the war in the Middle East drags on beyond three months and shipping routes through the Strait of Hormuz remain disrupted, says the…

Bangkok Post

Possible Iran-US deal: What we know about the key issues on both sides

The United States and Iran have downplayed prospects for a rapid deal to end the Middle East war, despite signs of progress in talks. Key sticking points remain over Iran’s nuclear programme, control of the Strait of Hormuz, sanctions relief and a possible ceasefire in Lebanon, with both sides signalling…

France 24

Strait of Hormuz turmoil 'serious' risk for Europe, top UAE adviser warns

UAE presidential adviser Dr Anwar Gargash said at a conference in Prague that the Strait of Hormuz is a European energy problem, not a distant regional one, as the region continues to face the worst instability in decades.

Euronews

What needs to be agreed to end the Iran war?

Iran and the US are nearing an understanding on a 14-point memorandum of understanding. Discussions focus on ending the Middle East war and a US naval blockade. In return, Iran would ensure safe passage in the Strait of Hormuz. While progress is reported, difficult issues like Iran's nuclear program and…

The Economic Times

Trump hits back at ‘losers who know nothing’ after Republicans turn on Iran peace deal

The plan would reportedly see the Strait of Hormuz reopen and the U.S. lift its blockade on Iranian ports - but senior GOP figures have warned it could be a “disaster”

The Independent UK

Why is the Iran deal still stuck? Hormuz, uranium, US blockade and the unresolved fault lines

Intense diplomatic efforts are underway to secure an agreement between the US and Iran, aiming to end the Middle East conflict, reopen the Strait of Hormuz, and ease energy market pressures. Despite claims of progress, significant disagreements persist over uranium enrichment, sanctions relief, and regional influence, leaving a final deal…

The Times of India

Oil prices ease on renewed hopes of US-Iran peace deal

Oil futures slid on Monday as traders assessed US President Donald Trump's announcement over the weekend that a deal with Iran had been "largely negotiated". The benchmark Brent crude still remains much higher than when the war started on February 28. Also in this edition: some commercial vessels are managing…

France 24

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Euronews

Iran says it is charging fees for 'navigational services' through Strait of Hormuz

Iran effectively shuttered the crucial waterway in the early days of the war and in mid-April the US responded by imposing its own blockade on Iranian ports.

AAP

What we know and don't know about the emerging deal to end the Iran war

The United States and Iran appear to be are closing in on a deal to end the war

The Times of India

Hormuz control: Iran says managing strait is ‘legal right’ amid ceasefire talks with US

A senior adviser to Iran’s Supreme Leader Mojtaba Khamenie has asserted that Tehran holds the legal right to manage the Strait of Hormuz, one of the world’s most strategically important oil shipping routes, as nuclear negotiations between Iran and the United States enter a crucial phase.

The Economic Times

Trump not going to make a bad deal with Iran, says Rubio

US-Iran ceasefire: United States Secretary of State Marco Rubio confirmed President Donald Trump is not hurrying a peace deal with Iran. He stressed that any agreement must be favorable and fundamentally different from past accords. Progress is being made on opening the Strait of Hormuz and nuclear negotiations.

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The Independent UK

Iran-US war latest: America launches fresh airstrikes on Iranian missile launch sites and mine-laying boats

Marco Rubio says the US will either have a good agreement with Iran or deal with the country ‘another way’

The Economic Times

BPCL, HPCL and IOC shares soar up to 6%. Here are two big triggers

Indian oil stocks surged as crude oil prices dropped to a two-week low, driven by progress in US-Iran peace talks. This optimism, coupled with a recent fuel price hike, boosted shares of HPCL, IOC, and BPCL. Analysts, however, caution that full market normalization could take months.

Bangkok Post

Vessels carrying Mideast oil, LNG exit Hormuz for Pakistan, China

SINGAPORE - Two ‌liquefied natural gas tankers were exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.

The Economic Times

Britain's navy prepares to clear mines in the Strait of Hormuz while waiting for a peace deal

British sailors are on standby aboard RFA Lyme Bay for a mine-clearing mission in the Strait of Hormuz. This operation awaits a peace agreement between Iran and its allies. The UK and France are leading the potential international effort. Advanced technology will be used to detect and neutralize mines. The…

International Business Times UK

Trump Orders Negotiators to Take Their Time Closing a Deal with Iran as the World Teeters on Economic Collapse

President Trump advises patience in US-Iran negotiations, maintaining a blockade at the Strait of Hormuz, amid escalating tensions and economic concerns in the Middle East.

The Economic Times

Oil Price Today (May 25): Crude oil hits 2-week low as US-Iran peace deal moves closer. Is the worst behind?

Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with disruptions continuing to impact global oil supplies. Analysts caution that even with a deal, full normalization could take months, with potential impacts extending for years.

The Economic Times

Global Market Today: Asian stocks rise, oil and dollar slide on Middle East peace hopes

US stock futures rose as hopes for an Iran war deal boosted risk appetite, though oil prices and the dollar slipped. While President Trump indicated progress on a peace deal to reopen the Strait of Hormuz, uncertainty over its timeline tempered market enthusiasm. Analysts await confirmation of the waterway's reopening…

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