Hormuz
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Strait of Hormuz closure: Why high oil prices may be a temporary shock only - explained
Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global oil markets are likely to move back into surplus once shipping through the Strait of Hormuz resumes, despite the sharp rise in prices caused by the closure of the key maritime route, the report says. “Oil prices will be lower if Hormuz reopens earlier.
Commentary: Brace for a flood of oil as soon as Hormuz reopens
Commentary: Brace for a flood of oil as soon as Hormuz reopens The reopening of the Strait of Hormuz will be an extraordinary event, but the oil industry doesn't have a playbook for it, says Javier Blas for Bloomberg Opinion. When the day comes, the reopening of the Strait of Hormuz will be an extraordinary event: restarting about 10,000 oil wells, pumping roughly 15 per cent of the world’s production, that had been shut down for a hundred days and counting. Nothing even remotely close has...
Hormuz shut, shipping services through other routes to West Asia up 2x
Shipping services from India to alternative West Asian ports have more than doubled since conflict broke out in the region, severely impacting the movement of vessels through the Strait of Hormuz. The number of shipping services operating east of Hormuz and through the Red Sea rose from 127 in Feb to 257 in April and 245 in May, as per govt data. The shipping ministry said due to the conflict, shipping services west of Hormuz have become negligible, but there has been a significant increase...
Iran strikes Bahrain and Jordan in retaliation for US attacks in Hormuz
BREAKINGBREAKING, Iran strikes Bahrain and Jordan in retaliation for US attacks in Hormuz Strikes come after US attacked Iranian ports and islands in the Strait of Hormuz over the downing of a helicopter. Published On 10 Jun 2026 Iran’s Islamic Revolutionary Guard Corps (IRGC) has claimed attacks on United States military bases in Bahrain and Jordan in retaliation for US strikes on ports and islands in the Strait of Hormuz. In a statement carried by state media on Wednesday, the IRGC said it...
U.S. begins retaliatory strikes on Iran after Apache helicopter downed near Strait of Hormuz
U.S. begins retaliatory strikes on Iran after Apache helicopter downed near Strait of Hormuz 05:04 UP NEXT Trump says Iran shot down U.S. helicopter 03:16 Crew Rescued After US Helicopter Crashes Near Strait of Hormuz 02:34 U.S. in the “final throes” of Iran deal, Trump says 00:58 U.S. pilots rescued after helicopter goes down near Strait of Hormuz 01:26 Trump says he ‘calls the shots’ as Israel and Iran exchange fire 02:18 Trump Tells Israel Not to Strike Iran, Saying He 'Calls the Shots'...
Iran war live: US Apache helicopter goes down near Hormuz as Trump issues update
Iran war live: US Apache helicopter goes down near Hormuz as Trump issues update Donald Trump has confirmed a US Army attack helicopter went down near the Strait of Hormuz and has given an update on the two rescued pilots A US Army attack helicopter has crashed near the Strait of Hormuz, US President Donald Trump has confirmed. It is unclear whether the Apache gunship was shot down or experienced a mechanical problem, a report from the New York Times said. Speaking to journalists after...
US Apache helicopter 'goes down' near Strait of Hormuz with two crew members rescued
US Apache helicopter 'goes down' near Strait of Hormuz with two crew members rescued The Strait of Hormuz has been a point of contention in the US-Iran war, which sparked after the US and Israel carried out joint strikes on several key Iranian sites on February 28 A US helicopter has reportedly gone down near the Strait of Hormuz. The Army Apache helicopter gunship went down on Monday, June 8. Its two crew members were safely rescued, The New York Times reported, citing two people briefed on...
As Strait of Hormuz stays shut, companies seek new routes for trade
Business As Strait of Hormuz stays shut, companies seek new routes for trade June 3, 20264:58 PM ET Heard on All Things Considered Jackie Northam As Strait of Hormuz stays shut, companies seek new routes for trade Listen · 4:04 4:04 Toggle more options Download Embed Embed Shipping companies are looking for alternative routes as the Strait of Hormuz lockdown drags on. Facebook Flipboard Email
Trump says Iran shot down US helicopter over Hormuz, vows to respond
Trump says Iran shot down US helicopter over Hormuz, vows to respond President Donald Trump has accused Iran of shooting down a United States military helicopter over the Strait of Hormuz, saying that he will respond to the attack. “I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait of Hormuz,” Trump wrote in a social media post on Tuesday. “There were two pilots involved,...
Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war
The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will likely hesitate to sail through Hormuz if it remains under Iran's de facto control, especially if they have to coordinate with the Revolutionary Guard, putting them at risk of violating U.S....