Category Archives: Strait of Hormuz

Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens

Posted on by

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles

After more than 100 days of the greatest recorded disruption to the world’s energy supplies, the global oil and gas markets have breathed a sigh of relief.

Hours after Donald Trump confirmed that a US-Iran peace deal would lead to the reopening of the strait of Hormuz for tankers carrying millions of barrels of oil and gas, the price of Brent crude tumbled to lows of $82 a barrel. Wholesale gas prices fell about 6%.

Continue reading...

Indian outrage over US killing of sailors mounts as leaders attend G7 summit

Posted on by

Relations at lowest ebb in years after Washington refuses to apologise for deaths in strait of Hormuz

Fury has continued to mount in India over the US’s refusal to apologise for the deaths of Indian sailors killed in strikes in the strait of Hormuz, further straining relations between the two countries as their leaders meet at the G7 summit in France this week.

Last week, three Indian seafarers, who were working on board commercial oil tankers, were killed when the US launched missile strikes on the vessel as it sailed through the strait of Hormuz.

Continue reading...

Peace deal between US and Iran announced, with strait of Hormuz expected to reopen

Posted on by

Exact terms of the deal not clear amid differing claims from both sides on when access to the global shipping route would be restored

A peace deal between the US and Iran has been reached following nearly four months of fighting in the region, Donald Trump and senior Iranian officials have said.

Iranian deputy foreign minister Kazem Gharibabadi confirmed the agreement in televised comments in the early hours of Monday, saying it puts an “immediate end” to the countries’ war, and that it included Lebanon.

Continue reading...

Anger among Iranian hardliners at terms of deal agreed with US

Posted on by

Those in favour forced to defend themselves against claims the terms amount to capitulation

Iranian hardliners have mounted a rearguard rejection of a deal with the US as as they say it does not guarantee sanctions relief, compensation or control of the strait of Hormuz.

“The fact that they say we won and America has retreated is a blatant lie,” said the Iranian MP Kamran Ghazanfari. Meysam Nili, the managing director of Rajanews and brother-in-law of the hardline former president Ebrahim Raisi, called the deal on the table a catastrophic capitulation. He urged Iranians not to sit quietly.

Continue reading...

Oil prices plummet as Trump claims he is close to US-Iran deal

Posted on by

Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekend

Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran.

The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran scheduled for the evening.

Continue reading...

Delhi issues ‘strong protest’ after US strikes kill three Indian seafarers in Gulf

Posted on by

Washington claims vessel was violating its blockade of Iranian ports and failed to comply with instructions

The Indian government has voiced a “strong protest” after three Indian seafarers were killed in US military strikes against oil tankers travelling through the strait of Hormuz.

US Central Command confirmed that its aircraft had fired two Hellfire missiles at the engine room of the MT Settebello as it sailed through the Gulf of Oman on Wednesday.

Continue reading...

Trump the unreliable narrator fails to force reality to match his story on Iran

Posted on by

A cycle of threat, detente and deadlock repeats itself wearisomely as the president’s war in Iran drags on

As the story of the US-Iran war is written direct to social media, Donald Trump may be the genre’s premier unreliable narrator.

Since the war began, Trump has again and again threatened Iran with fearsome consequences if Tehran doesn’t come to the table and sign a peace deal that the US president said was imminent weeks ago. And he has also repeatedly claimed that an Iran deal is “close” – without any result. (A CNN tally put the number of times he’s claimed it at 38.)

Continue reading...

Middle East peace talks in doubt as Iran says it needs to ‘reassess’ after overnight strikes

Posted on by

US launches attacks in retaliation for downing of US army helicopter, while White House source says deal could still be close

The future of peace talks in the Middle East has been thrown into question after Iran’s foreign ministry said it needed to “reassess” its participation, while Donald Trump said Iran would have to “pay the price” after the two countries traded fire overnight, drawing neighbouring states back into an on-and-off war that has consumed the region since late February.

The US launched strikes against Iran in the early hours of Wednesday, in retaliation for what it said was Iran’s downing of a US army helicopter near the strait of Hormuz. Iran then launched a wave of retaliatory airstrikes claiming hits on US bases in Kuwait, Bahrain and Jordan.

Continue reading...

Trump blames Iran for downing of army helicopter and says US must respond

Posted on by

US president says crew members are ‘safe and uninjured’ after attack near strait of Hormuz early on Tuesday

Donald Trump has blamed Iran for downing a US army helicopter near the strait of Hormuz, warning that the US would be forced to respond to the attack.

The US army Apache helicopter gunship crashed off the coast of Oman early on Tuesday, according to US Central Command. The two crew members were later rescued in an unprecedented operation using an unmanned drone boat, the military said.

Continue reading...

Complex relationship between Trump and Netanyahu continues to undermine Middle East ceasefire

Posted on by

Recent exchange of missiles between Iran and Israel highlights diverging views between US president and Israeli PM

The latest eruption of hostilities between Iran and Israel appears to have been contained for now after Donald Trump insisted he called “all the shots” in the Middle East, but in a dangerously fragile region Benjamin Netanyahu has again shown he is ready to take shots of his own.

The exchange of missiles on Sunday and Monday was ample demonstration of the inherent instability of the current limbo between war and peace, but it also shone a bright light on the complex and conflicted relationship between the US president and the Israeli prime minister, frenemies who could determine the fate of the current ceasefire.

Continue reading...

Iran war: who is fighting and why?

Posted on by

Arch-enemies Israel and Iran have returned to active confrontation while Donald Trump tries to present himself as mediator

Israel and Iran have returned to active war for the first time since a ceasefire was agreed two months ago in an exchange of rocket fire that threatened efforts to end the conflict.

Donald Trump, who started the war in February alongside Israel but has since attempted to present himself as a mediator, told the two sides to stop shooting and said “final negotiations” on peace were proceeding. By late afternoon on Monday, the attacks had stopped.

Continue reading...

Will Iran give up on ceasefire talks as strait of Hormuz blockade continues?

Posted on by

Chokehold on shipping route draws Houthis in Yemen back into conflict as commenters see ‘no turning back’

Iran’s reversion to large-scale military exchanges with Israel broadened the conflict that began in February not only by making the Israeli attacks on Hezbollah a direct casus belli for Iran for the first time, but also by drawing the Houthis in Yemen back into the conflict with as yet incalculable consequences.

Some in Tehran, buoyed up by past perceived military success and emboldened by the chokehold of the strait of Hormuz, would like to turn this moment into the point of no return in the conflagration with Israel. A minority would welcome the abandonment of ceasefire talks with the US, an outcome for which they have been agitating for weeks.

Continue reading...

‘Immediate national priority’: ministers accused of complacency over UK food supply

Posted on by

Cold storage and logistics body warns food supplies at risk from fuel shortages, cyber attacks and extreme weather

Ministers have been accused of being complacent about the risks to vital supplies of food into the UK amid concerns over fuel shortages, cyber attacks and extreme weather.

The trade body for cold storage and logistics has urged the government to make potential disruption to the UK’s food system an “immediate national priority”.

Continue reading...

Kuwait and Bahrain targeted by Iran after exchange of fire with US

Posted on by

Iran attacks American bases in Gulf states after Washington shoots down drones and strikes Iranian radar sites

Bahrain has said Iran fired ballistic missiles and drones at it and Kuwait, hours after the US and Iran exchanged strikes over the Gulf, the latest in a series of flare-ups that threatened to break the fragile ceasefire.

Air raid sirens rang out on Saturday in Bahrain and people were told to move to a safe location and await further instructions. Kuwait’s military said it was intercepting drones and missiles launched at the country.

Continue reading...

Hezbollah rejects Israel-Lebanon truce as Trump scrambles to end Iran war

Posted on by

Group calls ceasefire a ‘roadmap to annihilate part of the Lebanese people’, throwing regional peace talks into doubt

Hezbollah has rejected a US-brokered ceasefire plan agreed by the Lebanese and Israeli governments, throwing the future of a truce in Lebanon and regional peace negotiations into question.

The group’s leader, Naim Qassem, called the plan a “roadmap to annihilate part of the Lebanese people” in a statement on Thursday.

Continue reading...

Japan sees shortage of plastic bags, trays and gloves, as Iran war-induced naphtha shortage worsens

Posted on by

The Middle East is Japan’s main source of crude oil, from which naphtha is extracted and used to make items including printing ink and plastics

Takeaways, supermarkets, and bakeries in Japan are running out of plastic bags, trays and food service gloves amid widening shortages of the key plastic ingredient, naphtha, due to the Middle East crisis.

The food sector accounts for nearly one-third of Japan’s annual plastic use of more than 8m tonnes, and price rises and shortages are hitting hard across the industry and beyond. Some outlets have begun offering perks to customers who bring their own bags, plates or containers.

Continue reading...

US and Iran launch fresh strikes amid stalled ceasefire talks

Posted on by

US military says it struck tanker and sites on Iran’s Qeshm Island and defended Kuwait and Bahrain from missile attacks

The US and Iran have exchanged fresh missiles and drone strikes, further jeopardising efforts by Washington to secure a new ceasefire agreement with Tehran.

US forces fired a Hellfire missile to disable a tanker attempting to break through the American blockade of the strait of Hormuz on Tuesday, and later said they repelled Iranian reprisal attacks in the region and attacked sites on Iran’s Qeshm Island.

Continue reading...

Israel strikes southern Lebanon despite Trump’s effort to shore up ceasefire

Posted on by

Warplanes carry out dozens of airstrikes and Israeli army issues evacuation warning for city of Nabatiyeh

Israeli warplanes have launched dozens of strikes across southern Lebanon despite a new agreement supposedly brokered by Donald Trump aiming to bolster the tattered ceasefire in Lebanon.

The US president said on Monday that he had stopped an imminent Israeli strike on Beirut and that he had spoken to Israel’s prime minister, Benjamin Netanyahu, and representatives of Hezbollah and both agreed that “all shooting will stop”.

Continue reading...

Middle East crisis live: US attacks Iran missile sites as Tehran negotiators hold talks in Qatar

Posted on by

US Central Command claims targets also included boats trying to lay mines, rattling ceasefire, while Iranians meet with Qatari prime minister in Doha

Welcome to the Guardian’s continuing live coverage of the crisis in the Middle East.

US forces attacked missile sites in southern Iran and boats trying to lay mines on Monday, US Central Command said, as top Iranian negotiators arrived in Doha for talks to end the war.

Trump said the enriched uranium held by Iran could be destroyed inside the country, in a process overseen by an international nuclear agency. Experts said his announcement could amount to a major concession to Tehran.

Trump also said any deal to end the war with Iran should require certain countries in the region – Saudi Arabia, Qatar, Egypt, Jordan, Turkey and Pakistan – to sign up to the Abraham accords. The agreements aimed at normalising relations with Israel were brokered by the US during Trump’s first term.

Israeli prime minister Benjamin Netanyahu vowed to “crush” Hezbollah in Lebanon, dealing another blow to hopes for a US-Iran deal. Tehran has demanded that any peace accord apply to the fighting in Lebanon as well.

Iranian foreign minister Abbas Araghchi praised Hezbollah for the Tehran-backed militant group’s ongoing resistance in Lebanon against Israel.

Continue reading...

US strikes Iran missile sites and mine laying vessels as Trump’s promised peace deal remains elusive

Posted on by

Negotiators from Iran travelled to Qatar on Monday, with the fate of the country’s nuclear programme and access to frozen assets under discussion

The US has launched strikes on southern Iran in a test of the seven-week long ceasefire, as both sides played down hopes for an imminent peace deal even as negotiators from Tehran began new talks in Qatar.

US forces targeted missile launch sites and boats attempting to lay mines, US central command (Centcom) said on Tuesday, but stressed that the strikes did not indicate the ceasefire with Iran was over.

Continue reading...