Strait of Hormuz

September 20, 2026 2:12 PM

Iran links reopening of Strait of Hormuz to US meeting its conditions; US renews West Asia travel alert

Iran has said that the Strait of Hormuz will remain closed until their conditions are met and commitments from the United States are implemented. Iranian Parliament Speaker Mohammad Bagher Ghalibaf made these comments, according to Iran's semi-official Fars news agency. Ghalibaf said Iran would continue to both fight and negotiate, using military force against its enemies and diplomacy to consolidate what it considers gains on the battlefield. Iran has reportedly said that reopening the Strait d...

September 16, 2026 10:38 AM

Iran war cost hits $38 billion : US CBO

The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, US Congress' nonpartisan bookkeeper reported on Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz. The war is expected to increase inflation by 0.5% in the first three months of 2027, according to the Congressional Budget Office accounting, which totaled expenses through August 1. The mounting costs have s...

September 15, 2026 10:31 AM

Houthis strike Saudi targets anew as talks over Strait of Hormuz stall

Yemen's Iran-aligned Houthis launched a new wave of attacks on Saudi Arabia and were digging into positions on the western coast of Yemen along the Red Sea, Yemeni officials said, as urgent deliberations took place in Riyadh over how to respond to their lightning advance. Meanwhile, Gulf Arab states postponed planned talks with Iran, raising concerns the Middle East conflict could spread further and threaten global oil supplies. The Houthis on Monday said they fired dozens of missiles and dron...

September 14, 2026 12:59 AM

Trump says US could stay in Iran and keep oil, like Venezuela deal

President Donald Trump suggested on Sunday the United States could stay in Iran and "keep the oil", drawing a parallel with a U.S. push to take control of a fifth of Venezuela's vast oil reserves. On a trip to Ireland for meetings and to watch golf, he reiterated that he still expected the Iran war to end this year, possibly just after midterm elections due in the United States in November. Speaking at the Irish Open golf championship, Trump added that the price of gasoline would "drop like a ...

September 13, 2026 10:27 PM

Iran-Gulf Talks in Oman in focus; as tensions continue in the Strait of Hormuz and the Red Sea

Diplomatic efforts are back in focus this week as the US-Iran conflict continues to disrupt the Gulf and widen to other areas. Iran and the Gulf states are due to meet in Oman on Monday to discuss the Strait of Hormuz and the broader regional security. Iran says it has reached an understanding with Oman on a new maritime route through the strait. However, Iranian Foreign Minister Abbas Araghchi has said that this does not mean an immediate reopening of Hormuz, which will depend on conditions bei...

September 9, 2026 9:23 PM

Sharp escalation in US-Iran Conflict, Oil Markets and Shipping under pressure

The US-Iran conflict has seen sharp escalation since yesterday, with both sides reporting attacks on military infrastructure and commercial shipping vessels. The recent attacks are perhaps the biggest on shipping vessels since the beginning of the conflict. US CENTCOM had said it destroyed five Iranian oil tankers on Tuesday, after Iranian forces attempted to strike a US Navy warship with ballistic missiles. The US identified the 5 Iranian vessels as Kaviz, Charminar, Horizon 1, Riesco and Dery...

September 9, 2026 12:54 AM

Iran-backed Houthis attack four Saudi cities in expansion of Middle East war

Yemen's Tehran-backed Houthis attacked four cities in the south of U.S. ally Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old Middle East war. The Houthis, who control most of Yemen's populated areas including the capital, said they had launched a broad operation deep into Saudi territory. They used drones and missiles to strike a Saudi airbase in the southern city of Khamis Mushait as well a...

September 8, 2026 9:56 AM

Hormuz traffic slows after Iran threatens retaliation for US attacks

Shipping traffic through the Strait of Hormuz slowed at the start of this week, after Iran threatened on Monday to retaliate for any new U.S. attacks. The number of commodity vessels sailing through the Strait of Hormuz totalled seven on Monday, compared with eight on the previous day, Kpler data showed on Tuesday. Iran had warned that energy infrastructure across the Gulf, including U.S. oil and gas interests, was vulnerable. Goldman Sachs also raised its Brent and West Texas Intermediate ...

September 7, 2026 10:39 PM

Iran warns US energy assets in Gulf are vulnerable after latest clashes

Iran threatened on Monday to retaliate against any new U.S. attacks on its assets, warning that energy infrastructure across the Gulf, including U.S. oil and gas interests, was vulnerable. "Strike our assets and you get struck," Iranian Parliament Speaker Mohammad Baqer Qalibaf said after U.S. and Iranian strikes on shipping at the weekend that pushed oil prices up near six-week highs on Monday. The latest threat underscores the risks of further escalation after the sides traded blows again at...

September 7, 2026 9:51 AM

Hormuz traffic dips to lowest since May after US, Iranian strikes on ships

An average of 10 commodity ships transited the Strait of Hormuz per day over the past 10 days, the lowest since May, according to shipping data on Monday, after U.S. and Iranian strikes on tankers. The 10-day moving average was 10 on Sunday, down from more than 15 on Friday and nearly 13 on Saturday, data from analytics firm Kpler found. Only two vessels passed through the strait on Saturday while six went through on Sunday, mostly using the Iranian route. U.S. forces struck three Iranian oil...