Oil tanker explodes in the Strait of Hormuz after hitting naval mine
An oil tanker has exploded in the Strait of Hormuz after colliding with a naval mine outside a navigation route designated by Iran, according to state-affiliated reports cited on Sunday. The incident took place in the strategic waterway that links the Gulf to the open ocean and carries a large share of the world's seaborne oil trade. No casualty figures, vessel identity or damage assessment have been confirmed so far.Tasnim news agency reported that the tanker had drifted away from the shipping lane specified by Iranian authorities before striking the mine. Mehr news agency, citing an informed source, gave the... [Continue Reading]
360LiveNews | 26 Jul 2026 15:30 LONDON
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US-Iran hostilities pause as Washington weighs wider escalation
The pause in US airstrikes on Iran has continued after nearly two weeks of nightly bombardments, according to the supplied report. The development comes as President Donald Trump has halted a proposal to escalate military operations further, amid concerns about dwindling air-defence stocks and the risk of a broader regional war. The conflict has also continued to affect shipping through the Strait of Hormuz, keeping pressure on one of the world's most sensitive energy routes.The report says the US military has paused strikes on Tehran for the first time in nearly two weeks, while diplomatic efforts are being pushed forward... [Continue Reading]
360LiveNews | 26 Jul 2026 14:29 LONDON
UK warns it will not be intimidated by Iran threats amid regional tensions
Wes Streeting has said the United Kingdom should not be intimidated by what he described as Iran's "sabre-rattling" threats of attack. Speaking on Sunday, the defence secretary said Britain was ready to respond to any attacks Iran might launch against the UK or its allies. His comments come after Iran said the country was a legitimate target because of its role supporting the US and Israel in the war on Iran.Streeting repeated that the UK had not joined, and would not join, offensive US military action in Iran. He said Britain and the United States were not aligned on that... [Continue Reading]
360LiveNews | 26 Jul 2026 11:00 LONDON
Iran and US ease slightly amid Strait of Hormuz dispute and ongoing talks
Iran has accused the United States of trying to force open a new route through the Strait of Hormuz, saying the move would bypass Iranian authorities and breach the interim peace deal between the two countries. Foreign Minister Abbas Araghchi said the memorandum of understanding signed in June gives Tehran the right to set transit routes and mechanisms for the strategic waterway. He also said Washington should have consulted Tehran about any new route, while both sides have confirmed that direct communication remains open.The latest comments came as Iran reported no new US strikes overnight into Saturday for the first... [Continue Reading]
360LiveNews | 25 Jul 2026 14:29 LONDON
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Shipping disruption deepens in Hormuz and Bab al-Mandeb as tanker fire reported
Maritime insurance costs are rising sharply as disruption intensifies in the Strait of Hormuz and the Bab al-Mandeb, two waterways that are central to global energy and trade flows. Iranian sources said an explosion set a tanker ablaze in the Strait of Hormuz after it tried to travel the southern route off the coast of Oman. They also said two other vessels turned back after the blast, underscoring the immediate effect on traffic through the waterway.The Islamic Revolutionary Guard Corps said the tanker fire happened on Thursday and claimed the three ships were acting under US orders. In the same... [Continue Reading]
360LiveNews | 23 Jul 2026 15:29 LONDON
Iran's Ghalibaf warns no oil sales would be possible if Tehran is blocked
Iranian politician Mohammad Bagher Ghalibaf has warned that no one would be able to sell oil in a region where Iran is prevented from doing so. He said that if Tehran's security is not ensured, no infrastructure will be safe. The comments were posted on Wednesday and were framed by Ghalibaf as part of what he described as a clear wartime equation.Ghalibaf said the choice was "either all or none," according to the post. He also linked the security of the Strait of Hormuz to the absence of American forces. The statement did not provide further detail on any immediate... [Continue Reading]
360LiveNews | 22 Jul 2026 19:30 LONDON
ASEAN voices serious concern over Iran war spillover and energy shortages
Southeast Asian foreign ministers have voiced serious concern over the impact of the Iran war on energy supplies, as they met in Manila on Tuesday. The talks come amid disruption to key maritime routes, including the closure of the Strait of Hormuz, which has added pressure to oil imports across the region. ASEAN members are also discussing an oil-sharing mechanism as they seek to limit the effects of the crisis.In a statement, the ministers said they were deeply concerned that the developments were undermining efforts by key mediators and reducing the prospects for a peaceful resolution through dialogue and diplomacy.... [Continue Reading]
360LiveNews | 21 Jul 2026 15:30 LONDON
EU recommends pause on methane penalties amid energy supply concerns
The European Commission has recommended that EU member states suspend penalties for oil and gas companies that fail to meet methane emissions rules between 2027 and 2030. The move comes as officials seek to protect energy supplies during a period of tight global markets and disruption linked to conflict in the Middle East. The recommendation is not legally binding, but it signals a significant shift in how the bloc plans to enforce one of its newer climate rules.According to the commission, the pause is intended to give importers time to comply while avoiding supply disruptions. The methane regulation was due... [Continue Reading]
360LiveNews | 20 Jul 2026 21:00 LONDON
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US-Iran tensions push petrol and oil prices higher as Strait of Hormuz traffic thins
Average petrol prices in the United States have risen to $4.00 per gallon, marking a second straight week of increases as renewed tensions between the United States and Iran ripple through energy markets. Benchmark crude prices also moved higher before easing, with Brent reaching $91.42 and West Texas Intermediate touching $85.39 before retreating. The price moves come as concerns grow over tanker traffic through the Strait of Hormuz, one of the world's most important oil shipping routes.The latest market reaction follows the breakdown of the US-Iran ceasefire, according to the supplied material, and comes alongside threats affecting shipping in the... [Continue Reading]
360LiveNews | 20 Jul 2026 19:03 LONDON
