Strait Of Hormuz News

Oil shipments through the Strait of Hormuz picked up on Friday after the United States and Iran signed a ceasefire deal, with Gulf producers preparing to raise exports despite concerns over conditions set by Tehran for using the vital waterway.Washington and Tehran released the text of an interim agreement signed on Wednesday to end the conflict, although U.S. President Donald Trump warned he could resume attacks and target Iranian officials if commitments are not honoured.At least four tankers carrying crude…

Iran's Supreme National Security Council said in a statement on Thursday that the country's Persian Gulf Strait Authority will take measures to issue fast authorizations to ships wanting to pass through the Strait of Hormuz as per the memorandum of understanding signed by Tehran and Washington.Measures on mine clearance will be carried out under the Islamabad MoU, though ships are advised to stick to the path and timing allocated by the authority, the statement published by state media added.The U.S.

Germany is deploying two ships to the Red Sea in preparation for a possible military mission in the Strait of Hormuz, Germany's defence minister, Boris Pistorius, said on Thursday.Hours after U.S.

Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs.An Iranian blockade of the Strait of Hormuz had long been viewed as a “Doomsday” event that would never happen. Experts assumed it would require a massive military effort and that Tehran would be reluctant to choke off its own exports.Those assumptions were proven painfully wrong.

U.S. energy shares fell on Monday as crude prices dropped after Washington and Tehran agreed terms to end their months-long conflict and reopen the Strait of Hormuz, a vital oil transit chokepoint.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime minister of Pakistan, which helped mediate talks between the two sides.U.S. President Donald Trump said on Sunday the Strait of Hormuz, which carries roughly a fifth of global oil consumption, would be open "toll free" and that a U.S.

The United States and Iran have signed a memorandum of understanding to settle a near four-month war, senior U.S. officials said on Monday, adding that a signing ceremony would take place on Friday and shipping traffic in the strait of Hormuz would gradually ramp up.The memorandum of understanding has been signed by President Donald Trump and Vice President JD Vance and Iranian parliament speaker Mohammad Bagher Qalibaf, one U.S. official said.Speaking at a briefing with reporters, the U.S.

Shippers in Asia and Europe said confidence in resuming transit through the Strait of Hormuz could take weeks to rebuild and navigation will only restart once safety is assured, after the U.S. and Iran agreed a framework deal to reopen the waterway.U.S. and Iranian officials are expected to sign a memorandum of understanding to end their war and reopen the strait on Friday. Global oil prices fell about 5% on Monday in response.President Donald Trump said in a Truth Social post that ships loaded with oil are starting to move out of the strait…

Japanese shippers welcomed on Monday the U.S.-Iran peace agreement which will reopen the Strait of Hormuz but are awaiting more details of the deal and clearance of mines before allowing their ships to pass the chokepoint.According to the association, 38 Japanese-linked vessels remain stranded in the Strait of Hormuz.The U.S.-Israeli war with Iran that began on February 28 has largely stopped shipping through the strait, the transit route for roughly a fifth of the world's oil and liquefied natural gas supply…

Since the start of the Iran war and Tehran's announcement that the Strait of Hormuz was "closed", the market has grappled to put a figure on lost crude supply and to predict the price of oil.Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to 15 million barrels a day, and you easily have the biggest crisis in history.Accordingly, benchmark Brent crude futures shot to nearly $120 per barrel in early March. Analysts warned it was just…

BIMCO, the International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO unanimously condemns recent attacks on seafarers and commercial shipping in and around the Strait of Hormuz. According to the International Maritime Organization (IMO), the organization has verified 46 attacks on international shipping in and around the Strait of Hormuz since February 28, 2026, with 14 confirmed seafarer fatalities.There is grave concern about the recent escalation of the conflict which puts the lives of our seafarers at risk…

Oil prices fell more than 2% on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent futures LCOc1were down $2.11 or 2.3% at $88.27 a barrel by 0640 GMT, while U.S. West Texas Intermediate (WTI) CLc1 crude dropped $1.90, or 2.2%, to $85.81.Trump called off planned strikes on Thursday, saying discussions with Iran…

Iranian forces prevented a tanker from transiting the Strait of Hormuz without coordination, state media reported early on Friday.Iranian media earlier reported sounds of explosions near Bandar Abbas, but state news agency IRNA later said no explosions had been reported in the port city and that any sounds could have been related to military activity in maritime areas.Iran's top joint military command announced on Thursday the closure of the Strait of Hormuz, including oil tankers and commercial ships, saying any vessel that will attempt passage will be shot at.Iranian media also reported expl

Three more liquefied natural gas tankers have exited the Strait of Hormuz with their transponders off and are bound for destinations in Asia, although the exact timing of their transit is unclear, ship-tracking data from LSEG and Kpler showed.This comes as the United States and Iran traded air attacks for a second straight day on Thursday, with U.S. President Donald Trump vowing further strikes unless Tehran agrees to a peace deal and Washington saying it fired on a vessel carrying…

Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market.The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas flowed before the conflict – have sharply diminished output from the Organization of the Petroleum Exporting Countries and moved the industry’s centre of gravity away from the Middle…

Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional strikes against Iran.Brent futures LCOc1 rose $2.30, or 2.47%, to $95.40 a barrel, while U.S. West Texas Intermediate (WTI) CLc1 crude climbed $2.60, or 2.89%, to $92.63. U.S. crude futures gained more than $3 earlier in the session.Iran's top joint military command announced the closure of the Strait of Hormuz on Thursday…

Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents, or 0.26%, to $88.43 a barrel.Prices traded higher earlier on renewed strikes between the U.S. and Iran, before retreating towards the previous session's close.Global stock draws are underpinning prices…

U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic in the Gulf and oil exports through the Strait of Hormuz are rising even as Washington and Tehran struggle to reach a deal on ending their more than three-month-old war."I would say rising very meaningfully," Wright said when asked how ship traffic is flowing through the strait compared to a week or two ago. He said oil exports through the strait and the Gulf have risen and "will continue to rise."Wright made…

In a first, a Navy surface drone found and rescued two crew members from an Army Apache attack helicopter that went down in waters near Oman's coast, the U.S. military told Reuters, and President Donald Trump said the pilots were "fine."The U.S. military's Central Command said the AH-64 Apache went down at around 3 a.m. local time on Tuesday (2300 GMT on Monday) near the coast of Oman while patrolling regional waters.It gave no reason for the crash. The U.S. and Iran have been in an uneasy ceasefire, with periodic clashes and Iranian drone and missile strikes on U.S. regional allies.The U.S.

Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities.Brent crude futures LCOc1 were down $1.33, or 1.4%, at $92.92 a barrel at 0741 GMT, while U.S. West Texas Intermediate CLc1 declined $1.73, or 1.9%, to $89.57 a barrel.The market has been here before, said PVM Oil Associates analyst Tamas Varga…

Since the closure of the Strait of Hormuz to most commercial shipping in late February 2026, an estimated 1,550 vessels, carrying approximately 20,000 seafarers, have been unable to transit, or have chosen to remain at anchor in the Arabian Gulf, Gulf of Oman, and approaches. Traffic through the Strait, which normally averages around 138 vessels per day, has fallen to near-zero on most days. The conflict began on February 28, 2026, resulting in vessels being idle for approximately 90 days.

Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier.Brent crude futures LCOc1 rose $4.42 or 4.47% to $97.15 a barrel as of 0609 GMT, while U.S. crude futures were up $4.07 or 4.50% at $94.61 per barrel.Israel said on Monday it hit a petrochemical plant in Iran's southwest, along with strikes elsewhere on military targets. That's despite U.S. President Donald Trump reportedly telling…

Even if the U.S.

The European Union has proposed that the bloc's Aspides naval mission take "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a document seen by Reuters.The European External Action Service wrote in a note dated May 26 and sent to member states that "the situation requires the Union to provide a meaningful contribution" to a coalition led by France and Britain "to be materialised once conditions allow and separated from the belligerents".Changing the Aspides mission's mandate would require unanimity…