NYTIMES (Lisa Friedman) - Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz
Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
A U.S. official said on Friday that Washington anticipated an agreement soon between Iran and Oman, so normal oil traffic could resume.
President Trump signaled late Tuesday the U.S. and Iran were close to a deal to reopen the Strait of Hormuz, a key oil-shipping corridor. “It could happen. Tomorrow or the next day,” Trump said after traveling to Los Angeles for a fundraising event hosted by the Republican National Committee. “A lot of progress has been made.” Trump also told Fox News his administration was having “very good discussions” with Iranian officials, adding they had an “all-day negotiation.” He added the Strait of Hormuz “is going to be open very soon.” Read More: https://thehill.com/policy/international/6010034-donald-trump-iran-conflict-strait-of-hormuz-deal/ #trump #iran #hormuz #war
Baghaei’s discussion of a new middle route through the strait of Homuz would represent progress. Photograph: Reuters Reported by: Cherry Meigh TimbolNews Content Editor Published August 3 , 2026 Iran has confirmed that discussions over the [...]
President Donald Trump’s administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil. NewsNation partner The Hill's Zach Schonfeld has more. https://www.newsnationnow.com/top-headlines/ap-top-headlines/ap-us-imposes-sanctions-on-a-china-based-oil-refinery-and-40-shippers-over-iranian-oil/ Start your day with "Morning in America," NewsNation's live three-hour national weekend morning newscast hosted by Hena Doba. Saturday and Sunday starting at 7a/6C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
Concurrently, the U.S. this month imposed a physical blockade on the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies.
Iranian lawmakers claim the country has started depositing revenue from its toll on ships passing through the Strait of Hormuz, and that it is "in control" of the crucial waterway.
Iranian lawmakers claim the country has started depositing revenue from its toll on ships passing through the Strait of Hormuz, and that it is “in control” of the crucial waterway. PULSE POINTS WHAT HAPPENED: Iranian lawmakers claim the country has started depositing toll revenue collected from ships passing through the Strait of Hormuz into the state central bank. Hamidreza Hajibabaei, Deputy Speaker of the Iranian parliament, claimed on Thursday, “We have control over this Strait,” adding: “We are not engaged in negotiations—rather, we are making demands.” DETAIL: The Strait of Hormuz is a critical chokepoint for the global oil and fertilizer trade, and has been blockaded by Iran since the onset of hostilities with the…Open
On Tuesday's "The Daily Take": NewsNation's Connell McShane and Geraldo Rivera discuss whether President Trump may be looking for a way to get out of the conflict with Iran as oil prices rise and shipments are unable to go through the Strait of Hormuz. Rivera suggests the U.S. provides protection to oil tankers needing to cross the strait. Additionally, the pair discuss reports about the threat of mines in the strait and how that may be causing further delays. #StraitofHormuz #Iran #USmilitary Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live" with Connell McShane. Weekdays starting at 3p/2C. NewsNation is your source for fact-based, unbiased news for all Americans.
Both Caine and Hegseth suggested the U.S. would probably help oil vessels safely through the Strait of Hormuz if the need arose.