strait of hormouz

May 20, 2026 11:06 AM

NATO not drawing up plans for Hormuz mission, top commander says

NATO is not drawing up any plans for a potential mission in the Strait of Hormuz and would need a political decision to do so, its top commander said on Tuesday, amid suggestions by some members that the alliance could play a role there. Any decision to launch a mission would require the approval of all NATO's 32 members and several have already signalled opposition, although no formal proposal has been presented so far, according to diplomats. "The conditions under which NATO would consider o...

May 20, 2026 9:29 AM

Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects

Two Chinese tankers laden with oil exited the Strait of Hormuz on Wednesday, shipping data showed, brightening hopes that the U.S.-Israeli conflict with Iran may soon be resolved after positive comments from the U.S. president and his deputy. President Donald Trump said on Tuesday the war would be over "very quickly" while Vice President JD Vance talked up progress in talks with Tehran about an agreement to end hostilities. "We're in a pretty good spot here," Vance told a White House press bri...

May 4, 2026 10:33 AM

OPEC+ agrees third oil output quota hike since Hormuz closure

OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz. Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly increase, OPEC+ said in a statement after an online meeting. The increase is the same as that agreed for May minus the share of the United Arab Emirates, which left the group on May 1....