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1214 clusters · 3535 sources · 94 days · First seen 3 months ago · Last updated about 4 hours ago

Categories: INTERNATIONAL · POLITICS · BUSINESS

US‑Iran clash fuels oil market volatility

Overview

The confrontation that began in early July with U.S. air strikes on Iranian sites and Iranian retaliation against Gulf bases has grown into a wider diplomatic and economic dispute over the Strait of Hormuz. The European Union and GCC jointly urged Iran to keep the strait open for free navigation, while European governments debated non‑compulsory tolls. Oman offered a fee‑free southern route and, together with Iran, sought to reopen the median lane, but the United States under President Donald Trump reinstated a naval blockade and announced a 20 % surcharge on all cargoes transiting the waterway, calling itself the “guardian” of Hormuz. The fee sparked sharp rises in Brent and WTI prices and a sell‑off in U.S. equity markets; analysts in Germany noted a modest DAX gain despite the oil‑price surge. Iran continued missile attacks, striking two UAE oil tankers—Al Bahiya and Mombasa—inside Omani waters, killing an Indian seaman and injuring others. It also downed a U.S. drone over Bandar Abbas and hit a U.S. logistics hub in Kuwait, killing six American soldiers. Explosions were reported near Bandar Abbas, Kish Island and in Qatar, while Bahrain sounded air‑defence sirens as U.S. forces employed maritime drones in a new wave of strikes. OPEC lowered its 2026 demand‑growth forecast, citing the conflict, while the IEA projected a historic annual drop in demand. Saudi Aramco and ADNOC revised crude pricing to absorb the shifting risk premium. The United Nations secretary‑general called for maximum restraint and the restoration of full freedom of navigation. The Joint Maritime Information Center confirmed that commercial traffic still moves through the Omani route, though it labelled the security situation “severe.” A Reuters/Ipsos poll showed 79 % of Americans expect the war to continue for an extended period, raising political risk ahead of U.S. mid‑term elections. The U.S.

Timeline

about 4 hours ago

[INTERNATIONAL] 20 sources
Donald Trump reinstates Iran blockade and proposes 20% toll on Strait of Hormuz
Trump reinstates a blockade on Iranian ships, declares the U.S. guardian of the Strait of Hormuz and proposes a 20 % cargo toll, prompting Iranian rejection and oil‑price spikes.
about 7 hours ago

[POLITICS] 6 sources
Poll shows majority of Americans foresee extended US‑Iran war
A Reuters/Ipsos poll finds 79% of Americans expect the US‑Iran war to continue, 37% back US strikes, and rising gas prices and election risks loom for Republicans.
about 14 hours ago

[BUSINESS] 3 sources
U.S. Strategic Petroleum Reserve strained by aging infrastructure and repeated drawdowns
The U.S. Strategic Petroleum Reserve faces reduced capacity and aging infrastructure after repeated drawdowns, prompting calls for major investment to keep it effective for future energy crises.
about 15 hours ago

[POLITICS] 5 sources
Iran condemns US strikes and says Strait of Hormuz MoU in crisis
Iran condemns US strikes, says the Strait of Hormuz MoU is in crisis, and warns Gulf states that aiding the US is an act of war; Trump claims US guardian status over the strait and reinstates a blockade on Iran
about 17 hours ago

[INTERNATIONAL] 2 sources
Strait of Hormuz shipping remains open amid Iran conflict
JMIC says the Strait of Hormuz stays open despite renewed Iran‑Iran war, but labels the situation severe and warns ships to keep radio contact and watch for mines.
about 19 hours ago

[POLITICS] 3 sources
US-Iran Gulf Conflict Escalates as UN Calls for Maximum Restraint
U.S. and Iran ramp up attacks in the Gulf, prompting UN Secretary‑General Guterres to demand restraint and warning of catastrophic fallout; Trump announces a blockade and 20% tax on Strait of Hormuz cargoes.
about 19 hours ago

[BUSINESS] 7 sources
German DAX Holds Above 25,000 Amid Middle East Tensions and AI Stock Pullback
The German DAX rose ~0.19% to just over 25,100 points, staying above 25,000 despite US attacks on Iran and AI‑related sell‑offs. MDAX also up, while Lufthansa, TUI fell and Ionos rose; Hellofresh hit a record‑低
about 20 hours ago

[BUSINESS] 5 sources
Saudi Aramco and ADNOC revise crude prices as market oversupply and Hormuz tensions rise
Saudi Aramco cut August crude OSPs by $11 per barrel, its steepest since 2003, citing OPEC+ output hikes and Hormuz reopening, while ADNOC moved its offshore pricing to the Dubai benchmark to address Strait‑of‑
1 day ago

[INTERNATIONAL] 6 sources
Explosions Heard in Iran's Bandar Abbas Amid Rising US‑Iran Tensions
Series of explosions in Bandar Abbas, Kish and Bushehr were reported amid escalating US‑Iran strikes and wider Middle‑East tensions.
1 day ago

[POLITICS] 2 sources
Iran missile strikes hit Saudi Arabia and Qatar as US‑Iran tensions flare
Iran launched missile strikes on Saudi Arabia and Qatar amid heightened US‑Iran tensions, prompting Qatar to condemn the attack as a breach of sovereignty.
2 days ago

[INTERNATIONAL] 30 sources
Iranian drone strike kills six U.S. soldiers at Kuwait base
Iran shot down a U.S. drone and hit a U.S. base in Kuwait, killing six soldiers and wounding dozens, amid escalating U.S.–Iran strikes.
2 days ago

[INTERNATIONAL] 4 sources
US and Iran Edge Closer to War as Trump Announces Nationwide Address
US air strikes on Iran and Trump’s pending speech raise fears of a renewed Hormuz blockade and possible full‑scale war, echoing historic Roman‑Persian conflicts.
2 days ago

[BUSINESS] 9 sources
OPEC cuts 2026 oil demand growth forecast as Middle East conflict weighs
OPEC trimmed its 2026 oil‑demand growth forecast to 800,000 bpd amid U.S.–Iran tensions; the IEA expects a historic demand dip for 2026, while Eni’s CEO warns prices could break $80‑$100 per barrel by early 202
2 days ago

[BUSINESS] 2 sources
IEA forecasts global oil surplus by year‑end, hints at lower gasoline prices
The IEA expects a global oil surplus by year‑end and into 2027, contingent on stable Strait of Hormuz flows, which could lower gasoline prices unless hostilities rise.
2 days ago

[INTERNATIONAL] 4 sources
US strikes hit multiple sites in Iran's Bushehr province amid Hormuz tensions
US airstrikes hit four sites in Iran's Bushehr province, part of a series targeting 140 Iranian military locations, responding to Iranian attacks on ships in the Strait of Hormuz; EU and Gulf states condemn the
2 days ago

[INTERNATIONAL] 5 sources
Iranian Guards strike Cyprus‑flagged Galaxy vessel in Strait of Hormuz
Iranian Revolutionary Guard fired on the Cyprus‑flagged GFS Galaxy in the Strait of Hormuz, causing fire and severe damage; 23 crew rescued, an Indian sailor later found dead, and the US launched retaliatory US
2 days ago

[INTERNATIONAL] 676 sources
Donald Trump says U.S. will guard Strait of Hormuz and charge 20% toll amid renewed US‑Iran clashes
Trump said the U.S. will guard the Strait of Hormuz, reinstate a naval blockade and charge a 20 % toll as US‑Iran tensions flare, sending oil prices sharply higher.
2 days ago

[INTERNATIONAL] 4 sources
Oman proposes fee‑free Hormuz passage as US President Trump vows US control
Oman proposes a fee‑free southern route through the Strait of Hormuz, while US President Trump insists the US will control the strait and seek compensation, amid a breakdown of a US‑Iran MoU and rising regional
3 days ago

[INTERNATIONAL] 2 sources
Iran Says Drone Production Tripled Amid Recent Conflict
Iran’s acting defence minister says the country tripled drone production during the recent “Ramadan War,” highlighting continuous industry operation, advanced tech investment, and an updated enemy‑weakness list
3 days ago

[POLITICS] 3 sources
United States ramps up pressure on Iran over nuclear talks
The U.S. is tightening sanctions and issuing ultimatums to Iran over stalled nuclear talks, demanding a public guarantee of Strait of Hormuz security, while officials grow pessimistic about a new agreement.
3 days ago

[INTERNATIONAL] 2 sources
Iran's judiciary chief calls for US and Israel war‑crimes prosecutions and reparations
Iran's judiciary chief met international lawyers, demanding the US and Israel be prosecuted for war crimes against Iran and ordered to pay reparations.
3 days ago

[POLITICS] 2 sources
Trump faces mounting pressure as oil price surge boosts U.S. energy profits
Oil price surge lifts U.S. energy profits but drives higher gasoline costs, heightening political pressure on President Trump before the midterm elections.
3 days ago

[BUSINESS] 3 sources
European Oil Majors Boost Trading Profits as Iran War Triggers Global Reserve Rebuild
BP, Shell and TotalEnergies see $15‑$20 bn trading profits amid the Iran war, while governments worldwide ramp up strategic oil reserve purchases, adding hundreds of thousands of barrels per day of demand.
3 days ago

[INTERNATIONAL] 2 sources
Strait of Hormuz crisis deepens as IMO calls for restraint and Iraq urges calm
IMO urges restraint as attacks strand 6,000 seafarers in the Strait of Hormuz; Iraq calls for calm amid US‑Iran tensions threatening oil shipments.
3 days ago

[INTERNATIONAL] 3 sources
EU and Gulf Nations demand open Strait of Hormuz as Europe reviews navigation fee proposals
EU and Gulf states urge Iran to keep the Strait of Hormuz open and fee‑free, while Europe debates optional navigation tolls, with the UK, Oman and Qatar weighing proposals.
3 days ago

[POLITICS] 3 sources
Trump and Saudi Crown Prince discuss US‑Iran negotiations and Strait of Hormuz security
Trump and Saudi Crown Prince Mohammed bin Salman discussed US‑Iran talks and emphasized Strait of Hormuz security, with coordinated Saudi‑US diplomatic efforts.
3 days ago

[INTERNATIONAL] 24 sources
UN Secretary-General Guterres urges US and Iran to halt Gulf attacks
Guterres urges the US and Iran to stop Gulf attacks, resume talks and warns of catastrophic regional and economic fallout.
3 days ago

[INTERNATIONAL] 2 sources
Hormuz Strait Reopens for All Vessels as US Confirms Navigation Amid Regional Tensions
US confirms Hormuz Strait is open, Iran disputes; Sweden's economy shows resilience but warns of future cost shocks; Google Cloud stresses data encryption; Ukraine’s PM Julia Svyrydenko resigns.
3 days ago

[BUSINESS] 2 sources
UAE oil output reaches record 4.1 million bpd after OPEC departure
In June, the UAE pumped a record 4.1 million barrels per day, up from 3.3 million in May, after exiting OPEC on May 1, boosting global oil supply and pressuring prices.
4 days ago

[BUSINESS] 3 sources
Rising fuel costs from Iran conflict threaten Hawaii tourism
Higher oil prices after U.S. strikes on Iran have raised jet‑fuel costs, adding $120‑$200 to Hawaii round‑trip fares and prompting airline cuts, threatening tourism especially from Japan.
4 days ago

[BUSINESS] 11 sources
DAX slides modestly amid Middle East tension, low trading volume persists
The DAX opened near 25,050 points as Middle East tensions lifted oil prices; low trading volume and a brief flash‑crash saw the index close the week down 0.2% at 25,067.
4 days ago

[POLITICS] 2 sources
Trump tariffs spur price hikes as Fed warns inflation may linger
Trump urges price cuts while his tariffs lift costs; NY Fed finds firms still planning price hikes, warning inflation could persist.
4 days ago

[BUSINESS] 2 sources
Persian Gulf tankers stay idle as owners avoid Ormuz Strait
After a June cease‑fire, most trapped oil tankers left the Persian Gulf, but owners avoid returning through the Ormuz Strait due to attack risks and soaring insurance costs.
4 days ago

[BUSINESS] 44 sources
IEA predicts global oil demand to fall 2026 as US‑Iran conflict disrupts supply
IEA forecasts a 1 m bpd drop in global oil demand for 2026, the first since 2020, attributing it to US‑Iran conflict‑driven Hormuz blockage; partial reopening lifted inventories, but renewed fighting could undo
4 days ago

[BUSINESS] 4 sources
US Strategic Petroleum Reserve drops to lowest level since 1983 amid Iran tensions
The US Strategic Petroleum Reserve fell to its lowest level since 1983, holding around 340 million barrels after releases tied to US‑Iran tensions that disrupted Strait of Hormuz shipments and lifted oil and g
5 days ago

[BUSINESS] 6 sources
U.S. Remains World's Top Crude Oil Producer in 2025 with Record Output
The United States produced a record 13.6 million barrels per day of crude oil in 2025, about 40 % more than Russia and Saudi Arabia, driven by shale productivity and the Permian Basin.
5 days ago

[INTERNATIONAL] 5 sources
US strikes strategic railway bridge in Iran linking China and Russia
US missiles hit Iran’s Ogtay Khan railway bridge on the China‑Russia corridor on 9 July, halting Tehran‑Mashhad trains, sparking Iranian condemnation, oil price rise and a crypto market dip.
5 days ago

[BUSINESS] 3 sources
Qatar halts LNG ramp-up at Ras Laffan after tanker attack in Strait of Hormuz
QatarEnergy halted its plan to boost LNG output at Ras Laffan, keeping operations minimal after the Al Rekayyat tanker was attacked in the Strait of Hormuz, raising global gas‑market concerns.
5 days ago

[INTERNATIONAL] 10 sources
Iran condemns US strikes, warns assisting nations could become targets
Iran condemned US strikes as illegal, warned any country aiding attacks could be targeted, urged UN action, and reported at least 14 deaths.
5 days ago

[INTERNATIONAL] 7 sources
Iran suspends Tehran-Mashhad rail service after US strikes
Iran halted Tehran‑Mashhad trains after US strikes damaged the line, arranging road transport for passengers. The suspension came before Supreme Leader Khamenei’s burial amid ongoing US‑Iran clashes that left
5 days ago

[BUSINESS] 3 sources
Hormuz Strait disruption adds €10 bn to European fuel costs, Italy sees $1 bn hit
Italy’s Promos reports €10 bn extra fuel costs in Europe from Hormuz disruption; Invesco says global economy is more resilient and traffic may resume by Q3 2026.
5 days ago

[INTERNATIONAL] 2 sources
US Military Launches New Wave of Attacks on Iran
U.S. forces launched a new wave of strikes on Iran to limit threats to Strait of Hormuz shipping; Iran reports eight military deaths, the U.S. says no casualties, and Tehran retaliates, ending a recent cease‑fi
5 days ago

[INTERNATIONAL] 2 sources
NATO Secretary-General signals possible alliance intervention in Middle East if US‑Iran talks fail
NATO chief says the alliance may intervene in the Middle East if US‑Iran talks fail; all members oppose Iran’s nuclear ambitions, amid US strikes and rising oil prices.
6 days ago

[POLITICS] 2 sources
French President Macron says Iran attacks breach pact, urges continued US‑Iran talks
At the NATO summit, Macron condemned Iran’s missile strikes as a pact breach, said US‑Iran talks will go on, noted Trump made no ally complaints, and said France is weighing a SAMP‑T sale to Turkey.
6 days ago

[POLITICS] 3 sources
US‑Iran tensions spark Gulf states' security alert
The UN urges US‑Iran talks as Trump declares the cease‑fire over; Gulf states condemn Iranian attacks on tankers and warn of regional security and oil‑flow risks.
6 days ago

[INTERNATIONAL] 2 sources
6,000 Seafarers Trapped in Persian Gulf Amid Conflict
The IMO reports about 6,000 seafarers trapped on vessels in the Persian Gulf’s Strait of Hormuz amid US‑Iran tensions, facing safety risks and prolonged uncertainty.
6 days ago

[INTERNATIONAL] 2 sources
US and Iran exchange attacks, raising Middle East tensions
US struck Iran after new attacks on ships in the Hormuz Strait; Iran responded with strikes on Gulf nations, pushing oil prices higher, while Sweden’s e‑commerce firm Ellos saw its share offering oversubscribed
6 days ago

[INTERNATIONAL] 8 sources
Iran attacks trigger tanker turn‑backs in the Strait of Hormuz
Iran’s July 7 attacks on three ships in the Strait of Hormuz caused fires, U.S. retaliation and forced at least four oil/LNG tankers—including three Qatari carriers and an Indian VLCC—to turn back, while tens‑
6 days ago

[INTERNATIONAL] 8 sources
US Conducts Second Night of Airstrikes on Iran
The United States launched a second night of airstrikes on Iranian military sites to curb threats in the Strait of Hormuz, while Iran retaliated against U.S. bases in Bahrain and Kuwait and diplomatic talks for
6 days ago

[BUSINESS] 2 sources
Crude Palm Oil Prices Rise as Global Oil Jumps After Iran Tanker Attack
Crude palm oil futures rose to 4,569 RM/ton as Brent oil jumped 3% after Iran’s tanker attack near the Strait of Hormuz, with El Nino concerns also boosting palm oil sentiment.
6 days ago

[INTERNATIONAL] 13 sources
Donald Trump signals possible US seizure of Iran's Kharg Island amid escalating strikes
Trump says cease‑fire is over, threatens to seize Iran’s Kharg Island as US strikes intensify; Iran retaliates, Israel warns of an assassination plot, and regional tensions rise.
7 days ago

[BUSINESS] 2 sources
Oil prices climb above $74 per barrel as Hormuz attacks and UAE OPEC exit spark market concerns
Oil prices rose above $74 per barrel amid Hormuz tanker attacks and the UAE’s exit from OPEC, prompting a geopolitical risk premium and influencing global and Serbian fuel markets.
7 days ago

[BUSINESS] 2 sources
IEA predicts global gas demand will slip 0.5% in 2026
IEA forecasts global gas demand to fall 0.5% in 2026, driven by lower power and industrial use, higher LNG prices and regional shifts, with potential supply tightening if Hormuz stays closed.
7 days ago

[POLITICS] 2 sources
NATO Ministers and Gulf Arab Leaders Discuss Franco‑British Mission to Secure Strait of Hormuz
NATO foreign ministers and Gulf Arab states discussed a Franco‑British maritime mission to secure the Strait of Hormuz, amid Iranian opposition and ongoing shipping attacks.
7 days ago

[BUSINESS] 2 sources
Gulf oil exports rebound as US backs Strait of Hormuz, China snaps up 26 million barrels
GCC oil exports rose above 10 million bpd in June after US aid kept the Strait of Hormuz open; China bought over 26 million barrels of Gulf crude following Saudi’s steep discount.
7 days ago

[BUSINESS] 9 sources
Hormuz attacks drive European gas price surge
A Qatari LNG tanker was hit near the Strait of Hormuz, sparking a surge in European gas prices and prompting shipping reroutes; international agencies warn the Middle‑East war will cut global gas demand by 0.5
7 days ago

[INTERNATIONAL] 29 sources
Qatari LNG Tanker Al Rekayyat Hit in Strait of Hormuz
Iranian projectile struck Qatari LNG tanker Al Rekayyat in the Strait of Hormuz, sparking a fire, crew evacuation and low explosion risk; the attack led to U.S. sanctions, heightened maritime threat level and a
7 days ago

[BUSINESS] 8 sources
Shell and Exxon post profit gains as Middle East conflict trims gas output
Shell and Exxon report profit gains as higher oil prices from the Middle East conflict lift trading margins, while Shell trims Q2 gas output to 610‑650 kb/d due to reduced Qatar supply.
7 days ago

[BUSINESS] 2 sources
U.S. Strategic Petroleum Reserve falls to lowest level since 1983
The U.S. Strategic Petroleum Reserve dropped to 319.5 million barrels on July 3, its lowest since April 1983, after a 6.2 million‑barrel weekly draw tied to the Iran conflict, leaving the emergency oil buffer薄.
7 days ago

[BUSINESS] 2 sources
Brent price drops to $70 as OPEC+ boosts output
Brent fell to about $70‑$72 a barrel after OPEC+ raised output and Asian demand softened, easing energy costs and inflation pressure.
8 days ago

[BUSINESS] 5 sources
Air Canada cuts eight U.S. routes as jet fuel prices surge
Air Canada is canceling or delaying eight U.S. routes this winter, citing soaring jet fuel prices and weakened demand, while shifting Florida seasonal flights to later dates and boosting LaGuardia service.
8 days ago

[BUSINESS] 14 sources
Saudi Arabia slashes Asian oil price by $11/barrel, biggest cut in 26 years
Saudi Arabia cut the August OSP for Arab Light crude to Asia by $11 per barrel, the deepest reduction in 26 years, to boost demand as supply rises and the Strait of Hormuz reopens.
8 days ago

[BUSINESS] 2 sources
OPEC+ output boost pushes global oil prices lower, affecting Pakistan market
OPEC+ lifted output by 188,000 barrels daily, easing supply worries and lowering spot oil prices, while futures rose and gold fell sharply, impacting Pakistan’s fuel and gold markets.
8 days ago

[POLITICS] 16 sources
Iran attacks Germany over Hormuz mine‑clearance cost claim
Germany says Iran should pay for Hormuz mine‑clearance; Iran condemns the claim as shameful and accuses Berlin of aggression.
8 days ago

[BUSINESS] 7 sources
Strait of Hormuz disruptions tighten global oil, food markets and spur regional tensions
Blockades of the Strait of Hormuz have curbed oil and LNG flows, pushing up prices, straining food security in vulnerable economies and prompting attacks on tankers, while China cushions its imports and India f
8 days ago

[INTERNATIONAL] 465 sources
United States hits over 80 Iranian targets after Strait of Hormuz tanker attacks
U.S. Central Command said it struck over 80 Iranian targets – air‑defences, radar sites and IRGC boats – after Iran hit three commercial tankers in the Strait of Hormuz, prompting the U.S. to revoke Iran oil‑no
8 days ago

[BUSINESS] 10 sources
UAE boosts oil exports through Hormuz with covert 'dark' shuttle tankers
The UAE restored near‑pre‑war oil flow through the Strait of Hormuz, reaching a record 3.7 m bpd in June by using covert “dark” shuttle tankers supplied mainly by South Korea’s Sinokor Group, which earned $60‑$
8 days ago

[BUSINESS] 7 sources
Global oil prices dip after US‑Iran peace deal, but depleted reserves heighten spike risk
Oil prices fell from $126 to $70‑$72 after a US‑Iran peace deal, but low reserves raise the risk of future spikes; consumer impacts are already visible in the US and India.
8 days ago

[INTERNATIONAL] 153 sources
Tanker struck by unknown projectile near Oman in the Strait of Hormuz
A tanker was hit by an unknown projectile near Oman’s coast in the Strait of Hormuz on July 7, 2026, sparking a fire but no casualties. Iran is suspected after recent missile strikes on commercial ships, amid a
9 days ago

[BUSINESS] 2 sources
China ramps up Middle East crude purchases as OPEC+ lifts output
China boosted Middle East crude imports while OPEC+ lifted output by 188,000 bpd for a fifth month, signaling coordinated market adjustments.
9 days ago

[BUSINESS] 15 sources
OPEC+ lifts output by 188,000 bpd as oil prices edge higher
OPEC+ adds 188,000 bpd to output in August; oil prices tick up modestly amid easing Gulf tension and recent Hormuz attacks; diesel prices rise in Romania.
9 days ago

[BUSINESS] 2 sources
Iran war drives retail oil futures and strains export outlook
CME’s new micro oil futures let retail traders access crude markets, while reduced Chinese imports and OPEC+ output hikes threaten Iran’s ability to sell its oil after the war.
9 days ago

[INTERNATIONAL] 2 sources
Iran's hardened regime deploys low‑cost Shahed drones to strain US defenses
Iran’s new hard‑line leadership leans on cheap Shahed‑136 drones, forcing the US and allies to waste costly interceptors and reshaping regional security.
9 days ago

[BUSINESS] 9 sources
Iran and Qatar resume maritime trade after five‑month suspension
Iran and Qatar have resumed ship traffic between Dayyer and Al Ruwais ports after nearly five months, following a US‑Iran agreement that ended Gulf fighting and aims to restore pre‑war trade levels.
10 days ago

[INTERNATIONAL] 38 sources
Iran to charge service fees for Strait of Hormuz, offering special treatment to friendly nations
Iran will impose service fees on vessels in the Strait of Hormuz for security and environmental reasons, but will grant special treatment to friendly nations such as China, after a 60‑day free‑pass deal with US
10 days ago

[BUSINESS] 4 sources
TotalEnergies CEO says oil market needs three to four months to stabilise
TotalEnergies CEO predicts the oil market will need three to four months to stabilise after the partial reopening of the Strait of Hormuz, citing Gulf crude backlogs and product shortages.
10 days ago

[INTERNATIONAL] 5 sources
France and UK to Secure Strait of Hormuz Shipping with Oman
France and the UK, together with Oman, plan joint naval actions to protect Strait of Hormuz shipping after a merchant ship attack, while Iran rejects international minesweeping and claims sole control.
10 days ago

[INTERNATIONAL] 5 sources
France, UK and Oman to secure Strait of Hormuz shipping
France, Britain and Oman pledge joint naval cooperation to secure the Strait of Hormuz after Iran rejected an international de‑mining mission, keeping French minesweepers on standby and warning of Iranian fee‑d
10 days ago

[INTERNATIONAL] 8 sources
Iran vows special toll concessions to China as it prepares Hormuz fee system
Iran will give China special toll concessions as it readies a fee system for Hormuz traffic; France and the UK, with Oman, pledge to safeguard navigation in the strait.
10 days ago

[BUSINESS] 2 sources
Iran resumes large rice imports from India and opens US essential goods trade under quality criteria
Iran lifts rice imports from India, targeting 200,000 t to curb prices, and permits US essential goods imports if they meet health, quality and price standards.
11 days ago

[INTERNATIONAL] 2 sources
Iran rejects US $6 billion offer over Hormuz fee dispute
Iran rejected a US offer of $6 billion in frozen assets, refusing to drop its plan to charge navigation fees in the Strait of Hormuz, while European states signal acceptance of the fees.
11 days ago

[POLITICS] 2 sources
Iran warns Britain and France against military moves in Strait of Hormuz
Iran warned Britain and France that any military action in the Strait of Hormuz would be rejected, asserting its role as the security guarantor as the two countries announced a multinational naval mission to保护航
11 days ago

[BUSINESS] 140 sources
OPEC+ agrees to raise oil output by 188,000 bpd in August 2026
OPEC+ said seven members will boost output by 188,000 bpd from August 2026, the fifth straight monthly increase, as Hormuz traffic recovers and oil prices hover near $72 a barrel.
11 days ago

[BUSINESS] 2 sources
Oil Prices Edge Higher as Gulf Production Rises and US‑Iran Peace Talks Advance
Oil gains modestly as Gulf output rises, Saudi spot sales expand and US‑Iran peace talks spark cautious optimism.
11 days ago

[BUSINESS] 2 sources
WTI and Brent oil prices rise as US jobs miss and US‑Iran talks show progress
WTI and Brent oil prices rose about 0.3% after US payrolls missed expectations and US‑Iran talks in Doha showed positive progress, easing regional tension and boosting Strait of Hormuz traffic.
11 days ago

[BUSINESS] 2 sources
Egypt completes North Safa offshore phase as Qatar moves to restart LNG exports
Egypt's PMS completes the second phase of the North Safa offshore oil project, while Qatar prepares to restart LNG exports via the Strait of Hormuz to ease global gas supply strains.
11 days ago

[INTERNATIONAL] 10 sources
Iran and Oman negotiate fees for ships transiting the Strait of Hormuz
Iran and Oman propose a joint fee system for the Strait of Hormuz, endorsed by the Iranian parliament speaker, while Europe sees fees as inevitable, China calls for free passage, and market odds for a toll rise
11 days ago

[BUSINESS] 3 sources
Oil Prices Edge Slightly Higher Amid US‑Iran Talks and Rising OPEC Supply
Crude prices held steady as Brent stayed near $71.9 and WTI near $68.8, aided by resumed Hormuz flows, rising OPEC output and spot sales from Saudi Aramco, amid US‑Iran diplomatic hopes.
11 days ago

[INTERNATIONAL] 4 sources
European nations weigh tolls for ships passing the Strait of Hormuz
European governments, notably the UK and France, are open to possible tolls for ships in the Strait of Hormuz, urging non‑discriminatory fees from Iran and Oman after a recent U.S.–Iran shipping pact.
11 days ago

[INTERNATIONAL] 28 sources
Iran warns ships against unapproved routes as vessels make abrupt U‑turns in Strait of Hormuz
Ships abruptly turned back near Hormuz; Iran warned that the strait is not a stage for foreign military display and that vessels need Iranian permission, while tanker traffic rises but remains below pre‑war ‑‑
12 days ago

[BUSINESS] 2 sources
Saudi oil exports near pre‑conflict levels as Gulf crude shipments rebound
Saudi daily oil shipments rose to 6.3 million barrels, near pre‑conflict levels, while Gulf exports in June hit about 10 million barrels per day, driven by a surge in UAE output as the Strait of Hormuz reopens.
12 days ago

[POLITICS] 4 sources
US Strategic Petroleum Reserve faces aging infrastructure and record‑low inventories, GAO warns
GAO warns the US Strategic Petroleum Reserve's capacity is down to 61% withdrawal, 56% injection, with record‑low stocks and aging infrastructure jeopardising future emergency response.
12 days ago

[BUSINESS] 3 sources
Middle East war fuels global energy crisis and dents growth outlook
Middle East war closes the Strait of Hormuz, prompting the World Bank to cut 2026 growth forecasts to 2.5% and sparking an energy‑price shock that threatens developing economies with higher import costs andfood
12 days ago

[BUSINESS] 2 sources
European pharmaceutical production to fall 2.7% in 2026 due to Middle East conflict
European pharma output is projected to drop 2.7% in 2026 as Middle East tensions raise energy and transport costs, hitting generics and contract manufacturers hardest.
12 days ago

[BUSINESS] 2 sources
Oil Prices Slip as Hormuz Transit Improves and US‑Iran Talks Progress
Brent fell to about $72 as faster Hormuz oil transit and US‑Iran talks eased tensions, while Germany’s heating oil prices slipped amid a broader crude over‑supply.
12 days ago

[BUSINESS] 14 sources
Hormuz Strait Deal Triggers Brent Oil Drop Below $70
US‑Iran cease‑fire restores Hormuz shipping, pushing Brent oil below $70; Kuwait and Saudi output rise as Oman opposes transit fees.
12 days ago

[BUSINESS] 2 sources
Saudi Aramco Resumes Spot Sales, Increases Ras Tanura Exports
Saudi Aramco restarted Ras Tanura loadings after a four‑month halt, using spot pricing to ship about 10 million barrels via supertankers to Japan and China, while Brent hovers near $70.
12 days ago

[POLITICS] 2 sources
US‑Iran nuclear talks stall after Strait of Hormuz tensions
US‑Iran nuclear talks stalled after Hormuz clashes and Iran’s mourning period, leaving nuclear issues unresolved and raising regional security concerns.
12 days ago

[BUSINESS] 4 sources
Middle East conflict reduces global air travel demand by 2.2%
The Middle East war triggered a 30% fall in regional business‑jet flights and a 2.2% global dip in air passenger demand in May, with Middle East traffic down 28.4% while other regions grew; airlines face fuel‑c
12 days ago

[BUSINESS] 6 sources
Oil prices dip as US‑Iran talks ease Hormuz transit risks
Brent fell to $70.8 and WTI to $67.7 as US‑Iran indirect talks and resumed Saudi loading ease Hormuz transit risks, shrinking the oil risk premium.

Sources

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