Hormuz
51 articles
EU now prices the Iran war into euro-area growth and inflation
Brussels cut 2026 eurozone growth to 0.9% and lifted inflation to 3.0%, formally treating the Iran war as a structural energy shock and raising ECB-hike pressure.
Hormuz Insurance Won't Snap Back Even If a Deal Lands
Underwriters are holding war-risk premiums at $3M-$8M per tanker even as Brent falls on deal optimism, anticipating six months of mine clearance and a re-set baseline that won't reverse quickly.
Khamenei Orders Iran's 60% Uranium to Stay in Country
Iran's supreme leader directs that roughly 200 kg of near-weapons-grade uranium remain inside Iran, gutting a core US demand in the Qatar-Pakistan talks framework.
Goldman Alarm Meets an $81 Forward Floor as Hormuz Cycle Hardens
Goldman warns global oil stocks are approaching an eight-year low while the options strip holds Brent above $81 into mid-2027. Bank research and market pricing have converged.
Tehran Reviews U.S. Positions as Trump Says Talks in 'Final Stages'
Washington and Tehran offered contradictory overnight signals as Trump said negotiations were nearing an end while Iran insisted the U.S. had failed at Hormuz and that diplomacy was not surrender.
Report: 137 Countries Back Draft UN Resolution on Strait of Hormuz
Middle East Eye reports a draft UN resolution on the Strait of Hormuz has the backing of 137 countries, landing the same day Iran declared a controlled maritime zone over the chokepoint.
StanChart: Record SPR Draws Are Now Thinning the U.S. Oil Buffer
Standard Chartered finds the IEA-coordinated 400-million-barrel reserve pledge is now tightening America's emergency oil cushion as the Hormuz blockade enters month two.
Iran Declares Hormuz Authorisation Zone Hours After Trump Cites 'Final Stages'
Tehran's Persian Gulf Strait Authority published map coordinates for a controlled maritime zone requiring transit authorisation, hours after the US president said talks were in final stages.
Marines Board Iranian-Flagged Tanker in Gulf of Oman
US Marines boarded an Iranian-flagged commercial oil tanker in the Gulf of Oman, searched it, and ordered the crew to alter course — the 91st vessel redirected under the US blockade on Iranian ports, per CENTCOM.
Iran's Floating Oil Stockpile Jumps 65% as US Blockade Bites
Iranian crude stored on tankers in and around the Strait of Hormuz has jumped 65 percent since the US naval blockade began mid-April, FT shipping data shows, as Tehran searches for ways to circumvent the choke.
Japan, South Korea Deepen Crude Pact as Hormuz Risk Weighs on Asia
Tokyo and Seoul are coordinating Gulf crude purchases and emergency stocks even as oil prices ease on the Trump strike pause, signaling Asian refiners are still pricing the next Hormuz disruption.
Italy, Russia, Pakistan Split Over Tehran's Hormuz Tolls Plan
Rome demands an unrestricted reopening, Moscow lines up behind Beijing, and Islamabad offers a Washington-Tehran backchannel as the Trump administration itself splits.
Iran To Reveal Hormuz Tolls Plan As Trump Warns of 'Very Bad Time'
Tehran says it will soon publish a transit-fee plan for the Strait of Hormuz; Trump warns of consequences as Seoul opposes and Beijing stays silent.
Iran's Araghchi Warns of Prolonged War and Higher US Prices
Iranian Foreign Minister Abbas Araghchi said Tehran is ready for a long conflict with Washington and warned American households will pay in fuel and food costs.
US Officials Tie Iran to Cyberattack on Fuel-Station Monitoring Systems
US officials suspect Iran-linked hackers targeted fuel-tank monitoring systems at petrol stations in several states, widening the strike-cycle conflict into critical-infrastructure cyber.
Israel-Lebanon Ceasefire Extended 45 Days as Strikes Continue
Washington announced a 45-day extension of the Israel-Lebanon ceasefire after a second day of direct talks, hours after Israeli strikes killed seven in southern Lebanon.
Trump Warns Iran to Make a Deal or Face 'Annihilation'
President Trump issued his starkest warning yet to Tehran on war day 77, as oil markets surged and a Xi summit failed to break the nuclear standoff.
Trump Warns Iran His Patience Is Running Out, Xi Summit Yields No Deal
Trump said he will not be "much more patient" with Iran as his Beijing summit with Xi Jinping ended without binding commitments on the Hormuz blockade, raising pressure for a negotiated deal.
Saudi Arabia Floats Non-Aggression Pact With Iran
Riyadh is reportedly proposing a regional non-aggression agreement with Iran as diplomatic activity accelerates across multiple tracks, according to Middle East Eye.
Xi Pledges No Arms to Iran, Backs Hormuz Opening in Trump Summit
Trump says Xi Jinping promised not to arm Iran and offered to help reopen the Strait of Hormuz, with the White House confirming a first joint US-China position on the blockade.
Iran Retains 70% of Missile Stockpile, ISW Warns of Rebuilt War Capacity
ISW assessed that Iran has restored access to 30 of 33 Hormuz-region missile sites and retains roughly 70% of its pre-war stockpile, as IRGC launches major exercises and rejects the US peace plan as surrender.
IRGC Stages 'Martyr Commander' War Drills Near Tehran
Iran's Revolutionary Guards launched a five-day 'Martyr Commander' exercise near Tehran as ISW warns 70% of Iran's pre-war missile stockpile and 30 of 33 Hormuz sites remain operational.
Trump Lands in Beijing as Xi Summit Pivots on Iran Ceasefire
Trump arrives for two-day summit with Xi Jinping. The central question: whether China will use its leverage as Iran's dominant oil buyer to press Tehran toward nuclear concessions.
Trump Weighs Resuming Combat as Iran Ceasefire Hangs by Thread
Trump is more seriously considering resuming combat operations after Iran's ceasefire counterproposal — demanding reparations and Hormuz sovereignty — was rejected as garbage.
Iran Sends Response to US War-Ending Proposal via Pakistan
Tehran transmitted its answer to Washington's 14-point framework through Pakistani mediators on May 10, as parallel diplomatic tracks through Qatar, China, and the UN converge this week.
Bulk carrier struck off Qatar widens maritime conflict beyond Hormuz
UKMTO said a bulk carrier was hit by an unknown projectile 23 nautical miles northeast of Doha early Sunday, the first reported maritime strike outside the immediate Strait of Hormuz corridor.
Trump threatens 'Project Freedom Plus' as Iran weighs MOU
Washington has put a one-page MOU in front of Tehran covering nuclear stockpile transfer, sanctions relief and Hormuz. Trump says rejection means an expanded strike campaign.
Bahrain Arrests 41 IRGC-Linked Suspects as Ceasefire Holds
Bahrain detained 41 individuals tied to Iran's IRGC while Washington awaits Tehran's formal response to a U.S.-drafted ceasefire memorandum of understanding.
Iran Launches Hormuz Toll Agency, Charges $2M Per Ship
Iran's new Persian Gulf Strait Authority demands up to $2M per vessel to transit Hormuz, forcing shipping operators into a legal collision with U.S. secondary sanctions.
Oil Markets Fracture: Futures Say $101, Physical Barrels Cost $130
Front-month Brent futures and physical Dated Brent have diverged by more than $30 for the first time, as the Hormuz closure drains refinery stockpiles faster than financial markets can price the shock.
Satellite Images Show 45 km² Oil Slick Near Kharg Island
Copernicus Sentinel data shows a suspected 45-square-kilometer oil slick off Iran's Kharg Island, which handles 90% of the country's crude exports. Iran denies the spill.
Rubio Expects Iran Answer 'Today'; Parliament Calls MOU a Wish-List
Secretary Rubio said Friday the US expected Iran's response to its 14-point peace framework that day. Tehran's parliament rejected the terms as unrealistic.
US Disables Two Iranian Tankers; Iran Strikes UAE
US Navy forces disabled two Iranian oil tankers in the Gulf of Oman as Iran launched missiles and drones at UAE targets, pushing Brent crude to $108 intraday.
Pezeshkian Sets Blockade-Lift Precondition After Mojtaba Meeting
Iran's president, hours after a 2.5-hour sit-down with new Supreme Leader Mojtaba Khamenei, told reporters Hormuz talks require the US to lift its naval blockade first.
Pezeshkian Tells Macron US 'Stabbed From Behind' as Reply Lands
On the day Tehran is set to deliver its formal MOU response through Pakistani mediators, Iran's president opened a Paris channel with a trust complaint.
Iran to Deliver MOU Response, Disputes Nuclear Framing
Tehran's formal reply to the US 14-point memorandum is expected today through Pakistani mediators, with Iran rejecting the characterization that nuclear talks are underway.
Oil Crashes 7.8%, S&P 500 Hits Record as Iran Deal Hopes Build
Brent crude tumbled to $101.31 and U.S. stocks ripped to record highs Tuesday as Iran's IRGC Navy reopened Hormuz to safe passage and U.S.-Iran memorandum talks advanced.
Trump Threatens Escalated Bombing if Iran Rejects Deal
President Trump issued a 48-hour ultimatum to Tehran, warning of a 'much higher level' of bombing if Iran refuses the emerging nuclear framework being negotiated.
Araghchi in Beijing as U.S. Presses China to Break Hormuz Deadlock
Iranian Foreign Minister Abbas Araghchi met Chinese counterpart Wang Yi in Beijing on Wednesday as Secretary of State Rubio urged China to tell Tehran to reopen the Strait of Hormuz before the May 14 Trump-Xi summit.
OPEC+ Adds 188,000 bpd for June in First Meeting Without UAE
Seven OPEC+ producers led by Saudi Arabia and Russia agreed Sunday to raise June output by 188,000 barrels per day, the cartel's first quota call since the UAE's May 1 exit.
Iran Submits 14-Point Counter to U.S. Ceasefire Offer; Trump Cool
Tehran's counter-proposal demands a 30-day war-end, U.S. withdrawal from Iran's periphery, lifting of the naval blockade and sanctions, frozen-asset release, and a new Hormuz governance regime.
Trump Rejects Iran Peace Proposal, Threatens to 'Blast Them Away'
Trump said Friday he cannot accept Iran's latest peace terms delivered via Pakistan, warning of military escalation while Hormuz stays closed and oil holds near $108.
OFAC Warns: Paying Iran's Hormuz Crypto Toll Triggers Sanctions
Treasury's OFAC issued a May 1 alert warning that any payment to Iran for Hormuz transit — fiat, crypto, stablecoins, or informal swaps — exposes both US and non-US persons to sanctions.
Tehran Air Defenses Fire on Reconnaissance Drones Over Capital
Iranian state media reports Tehran's air-defense guns opened fire on UAVs over western, central, and southeastern districts for roughly 20 minutes on May 1, with no casualties and no party claiming the aircraft.
Trump Rejects Iran Peace Proposal, Cites Unacceptable Terms
President Trump says Iran's latest offer through Pakistan includes demands he cannot accept, as CENTCOM has briefed him on three military options and oil holds near $108.
Iran Sends Peace Proposal to Pakistan Mediators
Tehran offers phased Hormuz reopening via Pakistan backchannel, deferring nuclear concessions. Trump signals skepticism; new Supreme Leader issues Gulf warning.
Iran's Blockade Defiance: Endurance Strategy and Nuclear Opacity
Pezeshkian declared the US blockade doomed to fail on Persian Gulf National Day as Iran banks on oil reserves and IAEA inspectors remain locked out of Isfahan.
USS Gerald R. Ford to leave Middle East as blockade hardens, cutting US carriers in theater from three to two
The USS Gerald R. Ford will sail home from CENTCOM in the coming days after a record 309-day deployment, dropping US carrier presence in theater from three to two as the Trump administration hardens its long-blockade posture against Iran.
CENTCOM to brief Trump on Iran strike options as War Powers clock runs
Adm. Brad Cooper and Gen. Dan Caine are presenting Trump with new Iran options, including infrastructure strikes and a possible Hormuz ground operation, on the eve of a 60-day War Powers Act deadline.
Brent crosses $126 intraday as Trump rejects Iran's Hormuz proposal
Brent briefly traded above $126 Thursday before settling near $120 after the president rejected Tehran's offer to lift the Hormuz blockade in exchange for delayed nuclear talks.
Powell holds at 3.50-3.75% in final FOMC as four dissent over oil shock
The Federal Reserve voted 8-4 to keep rates steady in Jerome Powell's last meeting as chair, the first four-dissent decision since 1992 as a Hormuz oil shock revives inflation fears.