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SIGNIFICANCE OF STRAIT OF HORMUZ
UAE points finger at Iran as two ADNOC ships attacked in Strait of HormuzTwo Abu Dhabi National Oil Company vessels faced attacks in the Strait of Hormuz. The United Arab Emirates accused Iran of carrying out the...- Oil Price Today (August 11): Crude oil rises to $88 after Trump's compensation demand dents Hormuz opening. Here's whyBrent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. ...
- Oil steadies near one-week highs as US-Iran peace deal hopes dimOil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are...
- Global Market Today: Asian shares trade lower; oil holds gainsOil prices managed to retain their gains as optimism regarding a deal in the Strait of Hormuz dissipated, sparking renewed fears of inflati...
- Global Market: European shares hold steady as Hormuz uncertainty keeps oil prices elevatedEuropean shares were broadly flat on Monday as uncertainty over the Strait of Hormuz kept oil prices elevated. Investors awaited key econom...
- Global Market: China bears the brunt of Asia’s crude oil demand cut as Middle East supplies shrinkChina is bearing the brunt of Asia’s crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude im...
- US Iran war: Trump may ditch nuclear deal plan if Tehran reopens HormuzUS President Trump seeks an exit from the Iran war as the conflict continues to escalate. The administration may set aside the nuclear issu...
- Russia to India via train? Moscow floats ambitious railway route, says link "should be explored"India-Russia Rail Link: Russia is investigating innovative overland rail routes to connect with India, seeking to lessen reliance on mariti...
- Iran Guards say won't reopen Hormuz without US meeting all Tehran's conditionsIran's Revolutionary Guards will not reopen the Strait of Hormuz until its conditions are met. These demands include compensation for war d...
- Iran's leaders believe a victory is within reach, and that time is on their sideIran believes military pressure will force the United States to accept its control. The nation is betting that time and global energy price...
- How the Iran-backed Houthis' claims of deadly attacks are stoking fears of a wider regional conflictYemen's Houthi rebels claimed responsibility for deadly attacks this week. These actions escalated the conflict and raised regional concern...
- Iran weighs fines up to 20%, vessel ban for ‘hostile’ ships in HormuzIran's parliament is reviewing a bill to restrict hostile vessels in the Strait of Hormuz. Violators could face significant fines on their ...
- Brent crude tops $80 per barrel as Hormuz talks, tanker attacks keep supply risks highOil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent top...
- US-Iran talks: Rubio says progress made on Strait, nuclear dealUS Secretary of State Marco Rubio detailed negotiations with Iran on two key objectives. These talks focus on reopening the Strait of Hormu...
- 'Hormuz deal with Iran today' Oil slips below $80 on truce hopeOil prices experienced a significant decline on Tuesday, falling over five percent. Hopes for a diplomatic resolution to the West Asia conf...
- Iran, Oman near Hormuz reopening deal as talks advanceIran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fe...
- US hopeful of Hormuz deal within days as diplomacy with Iran gathers paceThe United States expresses hope for a deal with Iran to reopen the Strait of Hormuz soon. Treasury Secretary Scott Bessent indicated talks...
- "Nothing will get through unless total surrender accomplished": US President Trump lambasts IranPresident Trump criticized Iran's leadership for perceived duplicity regarding negotiations with the United States. He asserted US Navy con...
- Global Market: UK growth at risk as EY flags inflation surge from Hormuz disruptionAccording to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, befo...
- US Iran war: Explosion reported near tanker off Oman coast, crew safe, UKMTO saysAn explosion occurred near a tanker off Oman's coast, with all crew safe. Maritime authorities are investigating this incident and advising...
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