Strait of Hormuz

US-Iran peace memorandum could be signed on June 14 in Geneva, source says

People attending Friday prayer in Tehran amid hopes Iran and the US will ink a peace deal by June 14.

Oil prices drop to 2-month low as Trump says deal with Iran is close

Even if the two sides eventually reach a deal, multiple hurdles will impede the full resumption of normal oil flows.

Trump threatens to hit Iran ‘very hard’, seize oil hub as talks grind on

A man walks next to a mock-up of an Iranian missile on a street in Tehran, Iran.

Oil prices surge as fresh US strikes on Iran threaten fragile truce

West Texas Intermediate crude surged as much as 3.3 per cent to US$92.99 a barrel, after closing more than 2 per cent higher in the previous session.

Trump says Iran has taken too long to negotiate, will ‘have to pay the price’

An Iranian missile is launched, as Iran's Revolutionary Guards said they had carried out attacks against a U.S. base in Jordan and 21 other targets in the Gulf on Wednesday in retaliation for American strikes around the Strait of Hormuz, from a location given as Tehran, Iran, released June 10, 2026, in this still image taken from a video. WANA via Pool/via REUTERS

Former US defence secretary Lloyd Austin says US Navy could open Strait of Hormuz

Former US defence secretary Lloyd Austin said an extended military operation to free up the Strait of Hormuz would be costly and require allies.

EU sanctions Iran Guards over closure of Hormuz

Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran.

US disables Iran-bound tanker in Gulf of Oman; Indian crew safe after fire

A fire had been reported on the vessel, but all 24 Indian crew members onboard were safe, India's shipping ministry said.

Iran, Israel call off strikes after Trump tells both sides to ‘stop shooting’

An Israeli takes a photo of the remains of an Iranian ballistic missile.

Brace for a flood of oil as soon as Hormuz reopens

FILE PHOTO: Vessels sail through the Strait of Hormuz, Musandam, Oman, May 22, 2026. REUTERS/Stringer/File Photo

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.