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07
Sep 2026
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> Strait of Hormuz

> Strait of Hormuz

Oil prices plunge 10% for the week as Hormuz traffic resumes; Brent settles at $71.99

Higher tanker traffic through the Strait of Hormuz and easing supply concerns drove oil to its steepest weekly decline in months. Brent fell 4.34% on Friday, while WTI slipped below $70

Trump: “Foolish violation of the ceasefire” by Iran, launched drones and hit a ship in the Strait of Hormuz

The US president said that one of the four drones struck the deck of a large cargo vessel, causing damage

UN Suspends ship evacuation plan through the Strait of Hormuz after attack near Oman

Hundreds of stranded vessels and thousands of seafarers remain trapped in the Persian Gulf after the UN halted its evacuation plan following an attack on a ship in the Gulf of Oman

Oman and Iran stated that any arrangement concerning the Straits must fully respect their sovereign rights

Earlier, the Omani news agency reported that, following talks held in Muscat, the two countries reaffirmed their commitment to maintaining the Strait of Hormuz as a safe and open sea lane

Iran says Strait of Hormuz ‘will never return to pre-war conditions’ despite US sanctions relief

Tehran says it will continue to maintain control of the key Gulf waterway, as Washington pauses some oil-related sanctions during talks aimed at ending the Middle East war

US and Iran see signs of progress over Lebanon and the Strait of Hormuz as 60-day deadline is set for final deal

Washington and Tehran have agreed on new mechanisms to reduce the risk of escalation, while oil prices fell after the announcement. Deep differences remain over Iran’s nuclear programme

US and Iran make progress in Switzerland talks with 60-day roadmap and Hormuz mechanism

Technical teams will now continue negotiations on sanctions, oil exports and frozen Iranian assets, as Trump’s Strait of Hormuz remarks unsettle markets

Congestion in the Strait of Hormuz as US–Iran agreement revives shipping – Oil exports resume (videos)

The first major oil shipments are passing through the Strait again as shipping activity restarts, though shipping and insurance market officials remain cautious despite the increased movement

US releases details of agreement with Iran: Strait of Hormuz reopens, all sanctions lifted

According to the BBC, the agreement includes the immediate termination of military operations, the reopening of the Strait of Hormuz, the lifting of all US sanctions, and the creation of a $300 billion fund for the reconstruction and economic development of the Islamic Republic

Greece ready to send a frigate and a general support vessel for mine clearance in the Strait of Hormuz

According to reports, the frigate will carry teams of mine clearance specialists who will contribute to the demining operation

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