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Iran

First cruise ship transits the Strait of Hormuz since Iran war began

Iran and the US said the strategic waterway, which has been effectively closed since the beginning of the war, will be fully open to commercial traffic for the remainder of the ceasefire

Europe News

Europeans press ahead with Hormuz mission after Iran reopens strait

Meeting in Paris, the leaders said that a neutral mission may still be needed to safeguard shipping and prevent renewed disruption in the vital trade route.

Economy

Oil prices drop over 10% after Iran declares Strait of Hormuz 'open'

Oil prices have dropped over 10% in less than two hours after the Minister for Foreign Affairs of Iran declared the Strait of Hormuz "completely open" for the remainder of the current ceasefire with the US.

Iran

US and Iran announce Strait of Hormuz open, Trump hints at wider deal

Iran and US declare Strait of Hormuz "completely open," but Iran adds that passage is on a "coordinated route" set by Tehran.

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Iran

Hormuz standoff shows no sign of letting up for shipping to resume

Maritime traffic in the Strait of Hormuz remained at minimal levels on Friday resulting in a giant parking lot, as the US-Iran standoff continues with the same cautious approach since Monday.

Markets

London metals index at record high amid aluminium supply squeeze fear

The London Metal Exchange’s benchmark has climbed to a fresh record as aluminium prices surge on fears of a severe and lasting shortfall in global supply following disruptions in the Middle East.

Europe News

Europe-led coalition prepares mission to reopen Strait of Hormuz

A group of more than 40 countries is meeting in Paris to finalise early plans to reopen the Strait of Hormuz. The France and UK-led coalition insists the operation will only kick in when the war is over. Countries say they are ready to send warships, personnel and demining support.

Europe Today

Iran war ripple effects could lead to other conflicts - UN's De Croo

The head of the UN Development Programme told Euronews that the impact of the Middle East conflict is being felt "way beyond the region", and that, in the absence of a resolution, the groundwork for further conflicts is being laid.

Europe News

Germany could send minehunting boats to secure Strait of Hormuz

According to a report in the Süddeutsche Zeitung newspaper, the navy could also use its logistics base in Djibouti for maritime reconnaissance missions.

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UN maritime chief: No country can legally restrict Hormuz navigation

The Secretary-General of the UN’s International Maritime Organization (IMO) told Euronews that shipping shouldn’t become "collateral" in conflicts.

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Iran to blame for closing Strait of Hormuz, says Gulf leader

The Gulf Chief Jasem Mohamed AlBudaiwi told Euronews that Iran is responsible for weaponising the Strait to score a geopolitical win and should deal with the effects.

Iran

US to blockade Iran ports 'as long as it takes,' Hegseth says

The US naval blockade of Iran’s ports came into effect on Monday, with President Donald Trump warning that any attack ships would be “eliminated” if they attempted to break it.

Europe News

Europe has 'maybe six weeks of jet fuel left,' IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

Markets

S&P 500 and Nasdaq hit new all-time highs despite Iran war effects

The S&P 500 and the Nasdaq closed at record highs on Wednesday despite the Iran war dragging on, the Strait of Hormuz remaining largely blocked and global economic growth forecasts being cut amid rising inflation.

Iran

White House says discussing second round of Iran talks in Pakistan

Negotiators are focusing on three key points that derailed last weekend's talks, including Iran's nuclear programme, the Strait of Hormuz and compensation for wartime damages.

Europe News

EU pursues 'deeper' Gulf partnerships, Costa tells Euronews in Doha

In the highest-level EU visit to the Gulf since the Iran war started, European Council President Antonio Costa reinforced the EU’s strategic partnerships with the Gulf states and pushed for the reopening of the Strait of Hormuz, warning of “disastrous consequences”.

Markets

Oil prices fall and markets rally on renewed hopes for peace talks

Shares mostly rose in early Wednesday trading, echoing the rally on Wall Street that came as oil prices eased on hopes that the United States and Iran may resume talks.

Iran

Diplomats try to arrange second round of US-Iran peace talks

An initial round of talks aimed at permanently ending the conflict failed to produce an agreement last weekend. The White House said Iran’s nuclear ambitions were a central sticking point.

Qatar

Qatar rejects claims of deals with Iran, calls for regional solution

The fallout from the war is disrupting shipping and energy flows, pushing Gulf states to work more closely together and support diplomatic efforts to prevent further escalation and stabilise the region.

Europe News

Energy prices set to rise as last Gulf Tankers reach Europe

Energy analysts have warned of surging energy prices beyond already elevated levels, as the last vessels carrying oil and natural gas from the Strait of Hormuz before the conflict have reached Europe. Supply forecasts for oil and gas remain optimistic as US deliveries are expected.

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