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strait of hormuz news

Why oil prices are rising: US-Iran attacks and Hormuz fears explained

Oil prices surged after fresh US-Iran strikes raised Strait of Hormuz supply fears. (Pexel/Representative image)
Updated on Jul 13, 2026 05:01 pm IST

Oil prices surge as fresh US-Iran attacks erupt, tech weighs on stocks again

Both main oil contracts, which have tumbled since the announcement of the agreement, spiked as much as 4.5 percent, fanning fresh concerns that inflation -- already elevated because of the war -- could force central banks to hike interest rates.
Published on Jul 13, 2026 10:29 am IST

US says Strait of Hormuz 'open to all' hours after Iran 'closes' it

The US CENTCOM asserted that Iran does not control the strait, saying pathways for for free transit remained open.
Updated on Jul 13, 2026 12:00 am IST

Iran warns of ‘reciprocal actions’ against US as Trump declares ceasefire ‘over’

Hostilities resumed between Iran and US despite President Trump's insistence on maintaining talks
Published on Jul 11, 2026 01:06 pm IST

'Stop attacks in Hormuz, or...': US gives ultimatum to Iran as war continues

A ship sails off the coast of Ajman on July 10, 2026. Traffic through the Strait of Hormuz has fallen sharply, especially through the UN-backed Omani route.
Updated on Jul 11, 2026 01:06 pm IST

Oman tells European allies ships passing through Hormuz may have to pay

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, July 9, 2026.
Published on Jul 11, 2026 08:59 am IST

India concerned over targeting of commercial ships, escalating Iran-US tensions

US President Donald Trump said the ceasefire deal with Iran was "over" following Iranian attacks on merchant shipping in the Strait of Hormuz.
Updated on Jul 09, 2026 08:50 am IST

Why did Bitcoin fall below $63,000? US-Iran tensions and Fed fears explained

Bitcoin fell below $63,000 as U.S.-Iran tensions (Pexel/Representative image)
Updated on Jul 08, 2026 04:14 pm IST

Sensex crashes by nearly 1700 points after Trump hints at Iran war resumption

A security personnel with a sniffer dog keeps vigil as people walk out of the Bombay Stock Exchange building in Mumbai.
Updated on Jul 08, 2026 08:31 pm IST

New US attacks on Iran were absolutely necessary, NATO chief says

NATO Secretary General Mark Rutte said the recent US strikes on Iran were absolutely necessary
Published on Jul 08, 2026 03:16 pm IST

Fresh US attack, Iran's 'crushing' response warning: What is happening?

A satellite image shows a group of small boats near the Strait of Hormuz.
Updated on Jul 08, 2026 12:16 pm IST

US strikes Iran afresh, revokes oil export license after recent ship attacks

This handout photo courtesy of the US Department of Defense taken on December 14, 2021 shows the US Army conducting live fire tests of the Army Tactical Missile System (ATACMS) at the White Sands Missile Range in New Mexico.
Published on Jul 08, 2026 09:00 am IST

3 ships hit by projectiles in Strait of Hormuz, Qatar blames Iran

Iranian state television said the liquefied natural gas tanker came under attack after ignoring warnings, but did not directly claim the assault.
Updated on Jul 07, 2026 09:42 pm IST

India must secure its aluminium supply chain

Strait of Hormuz
Published on Jul 07, 2026 02:40 pm IST

Iran war to resume? Tanker struck after Trump's 'finish the job' warning

US President Donald Trump issued a warning to “finish the job” in Iran.
Updated on Jul 07, 2026 11:59 am IST

Tanker catches fire after projectile strike in Strait of Hormuz off Oman's coast

No casualties were reported.
Updated on Jul 07, 2026 09:16 pm IST

The Korean Tanker Tycoon Winning Big From the Iran War

PREMIUM
Chung spent around $7 billion amassing the world’s largest fleet of oil tankers before the U.S. and Israel attacked Iran,
Published on Jul 03, 2026 09:06 pm IST

We woz wrong about oil

PREMIUM
FILE PHOTO: Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026.
Published on Jul 03, 2026 05:00 pm IST

How India’s oil sector held steady through Hormuz crisis

India's state-run processors are avoiding the Iranian oil for now, because they’ve already secured crude supplies through at least the end of August.
Published on Jul 02, 2026 02:49 pm IST

‘Think bigger’: US pushes Iran to drop Hormuz Strait toll demand in Doha talks

US envoys Steve Witkoff (right) and Jared Kushner (right) tried to convey to the Iranian side that their demand for tolls in the strait could derail the entire US-Iran deal
Updated on Jul 02, 2026 06:00 pm IST

Ship runs aground in Hormuz while using unapproved route in Iran: Report

The television report came as US Mideast envoy Steve Witkoff and Jared Kushner, US President Donald Trump's son-in-law, were in Doha, Qatar, for talks seeking a permanent end to the war.
Published on Jul 02, 2026 10:41 am IST

Nayara vs public fuel retailers: City-wise comparison of petrol and diesel price

The easing comes after months of volatility that had pushed up energy costs globally.
Updated on Jul 01, 2026 05:25 pm IST

Commercial LPG, petrol, diesel, jet fuel: Big price cuts in India as war eases

Since February 28, a global energy crisis triggered by the West Asia conflict has driven oil prices worldwide higher.
Updated on Jul 02, 2026 12:00 pm IST

Nayara, India’s largest private fuel retailer, cuts prices for petrol, diesel

Back in March, Nayara had increased petrol prices by 5 per litre and diesel by 3 per litre.
Updated on Jul 02, 2026 03:00 pm IST

Strait of Hormuz crisis underlined India’s energy resilience

If India builds a clean, reliable and increasingly domestic energy system, future geopolitical crises will no longer threaten its growth.
Published on Jul 01, 2026 06:31 am IST

Oil set to end June down by about 20%, with investors focused on Doha

Weighing further on prices, some analysts were concerned about demand from China.
Updated on Jun 30, 2026 01:45 pm IST

How would a longer Hormuz disruption affect India? AI simulation reveals risks

A fresh round of hostilities has once again put the Strait of Hormuz at the centre of global attention.
Updated on Jun 30, 2026 01:39 pm IST

US, Iran agree to pause attacks, meet in Qatar on Tuesday after weekend strikes

Tuesday's talks were originally meant to take place in Switzerland and focus on Iran's nuclear programme, but due to the growing tensions, the venue and focus, both were shifted.
Published on Jun 29, 2026 07:40 am IST

Indian bulk vessel carrying 65,000 MT fertiliser crosses Strait of Hormuz safely

As of Saturday, ten Indian vessels were positioned in the Persian Gulf, west of the strait.
Updated on Jun 28, 2026 06:58 am IST