strait of hormuzlatest news & developments
Children wade in the water with cargo ships at anchor in the background and a fisherman nearby, in the Strait of Hormuz off Bandar Abbas, Iran, Tuesday, June 30, 2026. (Amirhosein Khorgooi/ISNA via AP,File)

Mediators see progress in diplomatic efforts in Iran

A lull in US-Iran fighting boosts diplomatic efforts, though tensions over Hormuz and Iran’s nuclear programme remain

Three boys play in the shallow waters of the Strait of Hormuz, as a plume of smoke rises from an explosion in the background, off Bandar Abbas, Iran, Monday, July 13, 2026. (Razieh Poudat/ISNA via AP)

US, Iran trade claims over control of Strait of Hormuz

US and Iran have each asserted that they control the Strait of Hormuz after another heavy exchange of fire

Commercial vessels are seen in the Strait of Hormuz off Bandar Abbas, Iran, Tuesday, June 30, 2026. (Amirhosein Khorgooi/ISNA via AP)

Oil spikes as Trump declares Iran agreement ‘over’

Fresh Iran-US strikes and Trump’s ceasefire comments have lifted oil prices and revived fears of conflict in the region

inflation rate hikes. Rawpixel/Currency

May’s inflation print just made SARB’s next rate call harder

May’s 4.5% inflation print keeps a July rate hike possible, but easing oil prices and an Iran deal may give the SARB room to pause

A woman waves an Iranian flags as she chants slogans against Iran and U.S. talks at the Islamic Revolution square in Tehran, Iran, Sunday, June 14, 2026. (AP Photo/Vahid Salemi)

US-Iran reach tentative peace deal

A shaky deal has been put in place to end the Iran war, and US President Donald Trump has ordered a stop to the US naval blockade

Omnia. Supplied

Cash-flush Omnia sails through Iran crisis  

The fertiliser and chemicals group is a far cry from its over-indebted self of 2019, and is having a good war, so far

Leaking oil barrel. Rawpixel/Currency

If the oil runs out …

The oil market will run out of road by early August. Which means we need a diplomatic solution to Iran – fast

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PODCAST: ‘Sharp Sharp’ – ruled by hitmen

Taxis, guns for hire and the Nigerian man who’s coining it as the Iran war interrupts global oil supply

Oil tankers sit at anchor offshore in the Strait of Hormuz off Bandar Abbas, Iran, Saturday, May 2, 2026. (Amirhosein Khorgooi/ISNA via AP)

Trump administration sows confusion as it tries to reopen Strait of Hormuz

The US’s messaging is pinballing from declarations that the ceasefire is holding, to threats of new bombing

Secretary of State Marco Rubio leaves the room after speaking to the media in the James Brady Press Briefing Room of the White House, Tuesday, May 5, 2026, in Washington. (AP Photo/Jacquelyn Martin)

US calls on China to help open the Strait of Hormuz

Trump advisers have stepped up their calls on China to help open the all-important waterway ahead of the Trump-Xi Beijing summit

A bulk cargo ship sits at anchor in the Strait of Hormuz off Bandar Abbas, Iran, Saturday, May 2, 2026.(Amirhosein Khorgooi/ISNA via AP)

Truce under pressure as US fires on Iranian forces

The US fights to reopen the Strait of Hormuz as the UAE comes under attack in a test of Iran truce

A man stands in the water, appearing to fish, as bulk carriers, cargo ships, and service vessels line the horizon in the Strait of Hormuz off Bandar Abbas, Iran, Monday, April 27, 2026.(Razieh Poudat/ISNA via AP)

US to ‘guide’ stranded ships from Hormuz

US President Donald Trump says the US will ‘guide’ stranded ships from the Strait of Hormuz, starting Monday

The Jordan flagged cargo ship “Baghdad” sails in Persian Gulf towards Strait of Hormuz in United Arab Emirates, Wednesday, April 22, 2026. (AP Photo)

Iran fires on, seizes ships in Hormuz

Iran has fired on three ships in the Strait of Hormuz as the US maintains its blockade and diplomacy stalls

Tankers anchored in the Strait of Hormuz off the coast of Qeshm Island, Iran, Saturday, April 18, 2026. (AP Photo/Asghar Besharati)

Iran-US ceasefire in question

Tensions between the US and Iran are sharpening in the Strait of Hormuz, amid uncertainty about further talks

Flames rise from an oil storage facility south of the capital Tehran as strikes hit the city during the U.S.–Israel military campaign, Iran, Saturday, March 7, 2026. (AP Photo/Vahid Salemi)

Will oil prices ever truly go back to ‘normal’?

The challenge now may not be the short-term disruption to oil supply, but the realisation that the days of cheap oil are over

Hormuz no entry. Wikimedia commons / Rawpixel / Currency collage

The Hormuz shock didn’t break markets – it repriced them

Oil is still flowing – but at a higher structural cost. This is what the Hormuz repricing means for inflation, rate expectations and bonds

A man flashes a victory sign as he carries an Iranian flag in front of an anti-U.S. billboard depicting the American aircrafts into the Iranian armed forces fishing net with signs that read in Farsi: “The Strait of Hormuz will remain closed, The entire Persian Gulf is our hunting ground,” at the Eqelab-e-Eslami, or Islamic Revolution Square in downtown Tehran, Iran, Monday, April 13, 2026. (AP Photo/Vahid Salemi)

Tit-for-tat over Hormuz

Trump says the US military has blockaded Iranian ports to pressure Tehran to open the Strait of Hormuz and accept a deal to tend the war

Vice President JD Vance waves while boarding Air Force Two as he leaves Islamabad, Sunday, April 12, 2026, after attending talks on Iran. (AP Photo/Jacquelyn Martin, Pool)

US-Iran ceasefire talks end without agreement

The US military has said it will blockade Iranian ports after ceasefire talks in Pakistan ended without agreement

A man sits beside an Iranian flag banner during a government-sponsored protest attended by medical workers against the U.S.-Israeli military campaign outside Imam Khomeini Hospital in Tehran, Iran, Monday, April 6, 2026. (AP Photo/Francisco Seco)

Trump expands threat ahead of deadline

US President Donald Trump has widened his threat to all of Iran’s power plants and bridges as his deadline for a deal approaches

Israeli security forces and rescue teams work amid the rubble of a residential building struck by an Iranian missile in Haifa, Israel, Sunday, April 5, 2026. (AP Photo/Ariel Schalit)

Trump gives Iran till Tuesday to open Hormuz

US President Donald Trump issued an expletive-filled threat against Iran as details of US aviator’s rescue emerge