Tag: Strait of Hormuz

Trump Pivots to Sanctions and Naval Blockade in Prolonged Iran Standoff Over Hormuz

The US is pivoting from military strikes to sanctions and a naval blockade against Iran as oil prices stabilise and the Strait of Hormuz crisis drags on.

U.S. Stock Futures Hold Steady as Investors Weigh Iran Tensions and Inflation Data

U.S. stock futures held flat Sunday as investors weighed renewed Iran tensions over the Strait of Hormuz and awaited key inflation data due this week.

Oil Pares Gains as Bessent Signals Hormuz Deal Could Land Within Days

Crude prices eased after US Treasury Secretary Bessent signaled a Strait of Hormuz reopening deal could come within days, emphasizing freedom of movement.

Crude Prices Climb as Iran Sets Conditions for Reopening Strait of Hormuz

Oil prices climbed as Tehran demanded an end to a US naval blockade before reopening the Strait of Hormuz, deepening uncertainty in energy markets.

UAE Says Iranian Missile Struck ADNOC Vessel in Strait of Hormuz

The UAE has accused Iran of striking an ADNOC vessel with a missile in the Strait of Hormuz as US-Iran tensions over the vital waterway remain high.

Houthi Strike and Iran Warnings Rattle Markets, Clouding Hopes for Hormuz Shipping Deal

Global markets slipped as a Houthi strike and Iran warnings dampened hopes for a US-Iran-Oman deal to reopen shipping through the Strait of Hormuz.

Dow Hits Record as Bessent Signals Strait of Hormuz Deal Could Come This Week

U.S. stocks hit records and oil prices fell after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come this week.

Iran and Oman Advance Deal to Reopen Strait of Hormuz as Mediators Report Progress

Iran and Oman report progress on a deal to reopen the Strait of Hormuz under US and Qatari mediation, sending oil prices lower as the waterway stays closed

US and Iran Offer Conflicting Accounts of Talks as Cargo Ship Struck in Strait of Hormuz

Washington and Tehran gave conflicting accounts of negotiations to end their war as a cargo ship reported being hit by a projectile in the Strait of Hormuz

Saudi Arabia Unveils 14-Nation Maritime Defence Alliance to Secure Trade Routes

Saudi Arabia has announced a 14-nation maritime defence alliance to secure vital trade and energy routes, sending oil prices down more than 1%.

Oil Giants Set to Report Bumper Profits as US-Iran Conflict Drives Up Fuel Prices

Exxon Mobil and Chevron are expected to report strong Q2 profits as the US-Iran conflict disrupted Strait of Hormuz shipments and drove fuel prices higher.

Two Tankers Struck in Separate Incidents Off Oman Near Strait of Hormuz

Two oil tankers were struck in separate incidents off Oman near the Strait of Hormuz on Saturday amid rising US-Iran tensions, with no casualties reported.