Strait of Hormuz

Oil prices surge as US strikes targets in Iran following ship attacks

West Texas Intermediate, the US oil benchmark, surged 2.9 per cent to US$72.46 a barrel as at 7.04am Singapore time.

Tankers hit in Hormuz as huge crowds mourn Khamenei in Iran

Mourners attending a prayer for Iran’s late supreme leader Ayatollah Ali Khamenei at the Jamkaran Mosque in Qom, Iran, on July 7.

Iran fires missiles at commercial ships in Strait of Hormuz, Axios reports

The attacks come after indirect US-Iran talks ended last week without any public sign of headway toward a lasting peace.

Oil prices jump after strike on Qatari LNG ship in Strait of Hormuz

The strait – which links Persian Gulf producers to global markets – has partially reopened following its near-total closure triggered by the US-Iran war.

‘Strategically aligned’: Singapore, Indonesia want Strait of Malacca open and free for all, say leaders

Prime Minister Lawrence Wong and Indonesian President Prabowo Subianto at the annual Singapore-Indonesia Leaders’ Retreat in Jakarta on July 6.

Oil supply wave, tumbling prices rekindle fears of global glut

The physical oil market is flashing signs of weakness more extreme than any time since the demand collapse of Covid.

Iran’s envoy to China says Beijing to get Hormuz concessions

Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 30.

Oil could drop to US$60 by year end as Hormuz shock fades away: Citi analysts

Global energy markets are rapidly getting back to normal as the resumption of crude flows through Hormuz boosts near-term supplies.

Saudi supertankers exit Hormuz in kingdom’s biggest oil flow since Iran war truce

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on July 1.

US and Iran enter technical talks to secure peace deal, restart shipping

People walking near an anti-US mural in Tehran, Iran, on June 30.

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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.