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Oil steadied as US and Iranian negotiators were said to be exploring a phased deal that would see Tehran reopen the Strait of Hormuz.
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Oil steadied as US and Iranian negotiators were said to be exploring a phased deal that would see Tehran reopen the Strait of Hormuz.
Iranian President Masoud Pezeshkian says his country is ready to resume talks about ending the near seven-month conflict with the US but will not respond to threats. In an address to the United Nations General Assembly in New York on Wednesday, Pezeshkian also said the Islamic Republic won’t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place. Bloomberg's Paul Wallace has the details. (Source: Bloomberg)
Iranian President Masoud Pezeshkian told the UN General Assembly that ‘warfare knows no borders’.
Oil headed for the longest losing streak in more than a year, as Saudi Arabia moved to restart a key pipeline and the US flagged progress in talks with Iran to end a war that’s rocked the Middle East since March. Mekala Krishnan, Partner at McKinsey Global Institute spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa about the disruption in the Strait of Hormuz and its impact on oil. (Source: Bloomberg)
Tehran ties diplomatic progress to lifting shipping blockades and unfreezing assets during New York negotiations.
Qatari Emir Sheikh Tamim bin Hamad Al Thani called for the reopening of the Strait of Hormuz while speaking at the UN.
Brent fell toward $99 a barrel, after tumbling over the previous four sessions. Oil erased earlier gains on a report that Iran could reopen the Strait of Hormuz if the US lifted a blockade of its ports. US President Donald Trump is set to address the United Nations General Assembly in New York later, and he may meet with his Iranian counterpart, Masoud Pezeshkian. Bloomberg's Will Kennedy breaks down the situation. (Source: Bloomberg)
Two tankers were hit in the Strait of Hormuz on Monday by either an "unknown projectile" or debris, a maritime security agency said. United Kingdom Maritime Trade Operations added that at least two crew members were injured in the first incident, and both vessels will continue to their next port of call.
Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend, the clearest sign yet of how the kingdom has shifted its exports back toward the Strait of Hormuz following the shutdown of a key cross-country pipeline.
Qatar Energy Minister Saad al-Kaabi discusses the future of the Strait of Hormuz and says that to call the strait obsolete is “wrong.” US Treasury Secretary Scott Bessent commented on Sept. 1 that the Strait of Hormuz will be like a worthless piece of water in two years. He spoke with Annmarie Hordern at the 2026 Qatar Economic Forum, UNGA Special Edition; Powered by Bloomberg. (Source: Bloomberg)
Qatar’s Foreign Ministry spokesperson Majed Al-Ansari says mediators are shuttling between capitals and exchanging proposals in an effort to restart negotiations between the US and Iran, with teams working around the clock to bridge remaining differences. Joining Bloomberg This Weekend, Al-Ansari says Qatar’s priorities are ending the conflict and restoring freedom of navigation through the Strait of Hormuz, warning that restrictions on international waterways could set a dangerous precedent. At the 2026 Qatar Economic Forum, UNGA Special Edition; Powered by Bloomberg. (Source: Bloomberg)
Oil and liquefied natural gas shipments through the Strait of Hormuz in the past two weeks reached the highest level in six months, signaling that US naval protection and mine clearance efforts are “paying off,” a regional US commander said.
EIL is seeking project consultancy and feasibility-study mandates for the planned infrastructure
Iran says it struck the Togo-flagged tanker Trend in the Strait of Hormuz. UK maritime reports say crews were safe, but the link is not yet confirmed. The post Togo-Flagged Tanker Near Hormuz: Iran’s Strike Claim and What Is Confirmed appeared first on The Rio Times.
South Korean President Lee Jae Myung has drawn a clear line against any US request for Seoul to join the war against Iran, explicitly ruling out the dispatch of troops or military assets that could involve his country in the conflict. The stance comes amid mounting public opposition to any military deployment and growing pressure from Washington for Seoul to contribute to efforts to secure freedom of navigation through the Strait of Hormuz. Lee’s government faces the difficult task of balancing...
The comments from a US CENTCOM spokesperson come amid continued tensions over shipping through the vital waterway.
In talks with his Iranian counterpart in Beijing on Wednesday, China’s foreign minister reaffirmed Beijing’s support for Tehran, called for a political settlement to the country’s conflict with the US and warned that regional tensions must not further spill over into Yemen. Wang Yi also urged the earliest possible reopening of the Strait of Hormuz. Abbas Araghchi’s trip to China, his second since the US launched large-scale strikes on Iran in late February, came as Washington expanded sanctions...
Mitsui OSK Lines Ltd., a top Japanese shipping firm, doesn’t expect LNG shipments through the Strait of Hormuz to resume soon, signaling a prolonged disruption that could keep prices elevated and curb demand across Asia.
Saudi Arabia's air defences claim to have intercepted and destroyed a Houthi drone south of Mecca on Tuesday, which the Iran-aligned rebels denied. Meanwhile, several explosions were heard on the island of Qeshm, near the Strait of Hormuz. Follow our liveblog for the latest updates.
Photos of the ship from September 13 indicate that the engine room was attacked and damaged by the projectile; the tanker had 25 crew members on board: 14 Indian and 11 Pakistani nationals.
Iranian Foreign Minister Abbas Araghchi will meet with his Chinese counterpart Wang Yi in China on Wednesday, amid stalled diplomatic efforts to de-escalate conflicts in the Middle East. The meeting comes during the countdown to Chinese President Xi Jinping’s visit to the United States for a summit next week with his US counterpart Donald Trump, when the war on Iran and disruption of energy shipments through the Strait of Hormuz are expected to be high on the agenda. Fighting has also erupted...
Iran’s Islamic Revolutionary Guard Corps (IRGC) said late on Monday that an oil tanker had struck a sea mine and exploded in the Strait of Hormuz. The tanker El Gaia was travelling along the southern route through the strait, which was mined by Iran, state broadcaster IRIB reported, citing the IRGC. The entire vessel went up in flames following the detonation of the mine, it said. The US military rejected that account. “The Panama-flagged oil tanker El Gaia was struck by an Iranian missile last...
The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.
Brent crude has risen above $100 a barrel as war in Iran disrupts shipping through the Strait of Hormuz.
Saudi Arabia is seeking to further boost oil supply through the Strait of Hormuz after attacks forced it to halt a key pipeline that’s been the main means of getting its crude to global markets during the Iran war, according to a person familiar with the matter.
The US-Israel war on Iran has shaken global energy markets and coal is no exception. Countries around the world are turning to the highly polluting source of power in a bid to avoid shipping disruptions in the Strait of Hormuz. According to the International Energy Agency, global coal demand is forecast to rise by 1.2% this year to a record 8.94 billion tonnes. FRANCE 24’s Environment Editor Valerie Dekimpe has the details in this edition.
Pakistan GasPort Chairman Iqbal Z. Ahmed highlights how the closure of the Strait of Hormuz has disrupted LNG supply chains, reshaping Pakistan’s demand outlook. He speaks with Haslinda Amin from the sidelines of 'Gastech Bangkok 2026'. (Source: Bloomberg)
An Iranian cargo vessel was struck off Qeshm Island in the Strait of Hormuz on Sunday, killing one person and wounding four, Iranian state media said. Tehran blamed a “terrorist enemy” for the attack, which came as threats to shipping intensified around the Hormuz and Bab el-Mandeb straits.
Iran plans to formally unveil an agreement on a temporary shipping lane through the Strait of Hormuz on Monday, after a flurry of diplomatic activity including a rare meeting between senior officials from Tehran and Abu Dhabi. The Islamic Republic is set to reveal to Gulf nations its agreement with Oman on a temporary new shipping lane, according to a person familiar with the matter. Negotiations on details such as the fees ships may be charged will continue between the two countries later, they...
Gulf states are weighing how to respond to Iran’s push for a new arrangement governing the Strait of Hormuz as continued attacks threaten shipping and drive up energy costs. On Bloomberg This Weekend, Bloomberg News Middle East Reporter Dan Williams and Bloomberg News White House Correspondent Skylar Woodhouse discuss growing regional frustration with the conflict, pressure on US allies and signs Gulf governments may be looking for a larger role in shaping a path forward. (Source: Bloomberg)