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Strait crisis: Global traders race to secure oil barrels amid Hormuz supply crunch

Shockwaves from the Strait of Hormuz supply disruption are rippling across global oil markets, setting off a frantic race to rush in crude. As availability tightens, refiners and traders are scrambling against the clock to lock in cargoes that can be delivered without delay, intensifying competition for every available barrel. Out of 40 bids placed…

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Hormuz mine clearance, ‘some headway’ on Lebanon: What we know so far on US-Iran talks

Iranian delegation with Pakistan’s leadership ahead of peace talks with US United States and Iran began direct negotiations in Pakistan on Saturday, days after announcing a fragile two-week ceasefire. The talks mark a rare face-to-face engagement between the two sides.The first round of discussions lasted around two hours before dinner, with a second round continuing…

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‘Will be attacked in 30 mins’: US vessel returns after Iran’s Hormuz warning as truce talks under way

Representative image (IANS) Iran on Saturday warned a US military vessel that it would be attacked “within 30 minutes” if it crossed the Strait of Hormuz, Iranian state television reported, citing a senior military official.The US vessel reportedly retreated after the warning was issued, the official added. This comes as the peace talks between the…

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‘Strait of Hormuz will open, with or without Iran’: Donald Trump ahead of peace talks in Pakistan

President Donald Trump waves as he walks to board Marine One from the South Lawn of the White House, Friday, April 10, 2026, in Washington. (AP Photo/Alex Brandon) US President Donald Trump on Friday (local time) asserted the Strait of Hormuz “will open with or without Iran,” ahead of ceasefire talks with Tehran scheduled in…

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Strait of Hormuz control: Open or shut? Toll system, new conditions and what the ceasefire really means for global shipping — 15 FAQs answered

Image used for representative purposes A fragile ceasefire between the United States and Iran has injected cautious optimism into one of the world’s most strategically sensitive maritime corridors, the Strait of Hormuz. But despite the diplomatic pause, shipping through the waterway still remains constrained, uneven, and heavily conditioned by security considerations.The strait, which connects the…

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Controlled movement, alternate routes, crypto tolls: Strait of Hormuz under new order — what has changed

Strait of Hormuz (AP image) The Strait of Hormuz, which links the Gulf of Oman with the Persian Gulf, has become the focal point of global energy tensions since the war began on February 28.Ever since Iran and the US announced a two-week ceasefire, traffic through the critical waterway has remained severely restricted, with as…

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