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Oil Prices Rise Amid Iran's Proposed Strait of Hormuz Restrictions

Oil prices rose due to concerns over potential supply disruptions after Iran proposed a deal with Oman to bar US and Israeli ships from the Strait of Hormuz. Despite the proposal, former President Trump indicated that talks regarding the strait were progressing.

6 Aug, 15:09 — 7 Aug, 09:02
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Far L2
Far Left (2)
wapoThe Independent
Left8
Left (8)
cnbcjapan-timesAl JazeeraNPRYahoonewsbeastiefimeridaglobe-and-mail
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Center (9)
bloombergmyjoyonlineDawnReutersSCMPexpress-tribunenl-timesjutarnji-list+1 more
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Right (6)
naftemporikiTimes of Indiachannel-news-asiawsjle-figaronational-post
Far R1
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zerohedge
Geographic diversity15 regions34/34
US8Greece3Pakistan2Canada2Ghana1India1Intl1Singapore1Japan1Qatar1Hong Kong1France1Netherlands1Croatia1UK1

Sources

Showing 18 of 26 sources
ReutersVery High22h ago

Oil rises on concerns over Strait of Hormuz reopening plans - Reuters

Oil rises on concerns over Strait of Hormuz reopening plans  Reuters

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bloombergHigh15h ago

Trump Says Hormuz Talks ‘Moving Along’ Even as Iran Mulls US Ban

US President Donald Trump said negotiations between Iran and Oman over the Strait of Hormuz are “moving along,” even after some Iranian lawmakers said they would seek to bar American and Israeli ships from the waterway as part of the deal.

By Eltaf Najafizada, Sara Gharaibeh, Skylar Woodhouse and Sonya Dymova

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wapoMostly Factual1d ago

Iran says Hormuz deal with Oman won’t fully reopen strait

Oil prices jumped after the comments by senior Iranian officials on the talks to manage traffic through the waterway.

By Susannah George

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NPRHigh1d ago

Iran aims to ban U.S. and Israeli ships from Strait of Hormuz and charge others a toll

Iran's parliament is reviewing a plan to ban ships linked to the U.S., Israel and other "hostile countries" from transiting the Strait of Hormuz. The Trump administration has rejected the plan.

By NPR's International Desk

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Al JazeeraMostly Factual1d ago

Trump says war can’t ‘go much longer’, Hormuz deal close

The US, Iran, and Oman are close to a temporary deal to reopen the Strait of Hormuz

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cnbcMostly Factual23h ago

Oil rises amid supply disruption fears following Iran's restrictive draft plan for the Strait of Hormuz

News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

Read full article →
SCMPMostly Factual1d ago

Iran seeks to bar US ships as Hormuz deal with Oman advances

Iran will seek to bar US and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before they are allowed to use it, according to local media reports on a proposed Iran-Oman deal to manage the crucial waterway. The agreement has become key to expectations for a reopening of Hormuz and a resumption of energy flows that have been throttled since the US and Israel attacked Iran in February. The text is now under review in Iran’s parliament, the semi-official Fa...

By Bloomberg

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globe-and-mailHigh1d ago

Iran, Oman in final stage of drafting agreement to open Strait of Hormuz, Tehran says - The Globe and Mail

Iran, Oman in final stage of drafting agreement to open Strait of Hormuz, Tehran says  The Globe and Mail

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The IndependentMostly Factual1d ago

A deal to reopen the Strait of Hormuz nears – but Iran now holds all the cards

Editorial: We should applaud any breakthrough that lessens the risk of a global recession, but this is no victory for Donald Trump and only highlights the folly of the president’s senseless war

By Editorial

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national-postMostly Factual1d ago

Iran says deal with Oman on Strait of Hormuz agreed in principle

But Iran’s Deputy Foreign Minister cautioned a bilateral deal with Oman 'does not mean the full reopening of the Strait'

By Bloomberg News

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Times of IndiaMostly Factual22h ago

Oil prices rise 1% as Middle East conflict continues Hormuz shipping disruption

On Friday, oil prices experienced a modest rise amid shipping uncertainties in the Strait of Hormuz. Traders exhibit caution regarding transit through this critical route. Meanwhile, US President Donald Trump hinted at a potential resolution to the ongoing conflict. Additionally, Iran and Oman are exploring new transit options for the waterway. As developments unfolded, market trends reversed previous declines.

By SHIVANGHI PAYAL

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DawnMostly Factual21h ago

Pakistan working with partners to defuse Hormuz stand-off: FO

• Says Oman, other ‘brotherly states’ leading different aspects of diplomacy • Insists Islamabad is focused on settlement rather than ‘individual symptoms of crisis’ • Pakistan examining TORs, operational modalities of Saudi-led maritime coalition • Govt will decide on Gaza stabilisation force after formal proposal ISLAMABAD: The Foreign Office on Thursday insisted that Pakistan remained actively engaged in efforts to defuse the Strait of Hormuz stand-off, while also examining the terms of re...

By none@none.com (Baqir Sajjad Syed)

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japan-timesMostly Factual23h ago

Iran seeks to bar U.S. ships as Hormuz deal with Oman advances

The United States has insisted on free transit through the Strait of Hormuz and broadly called for a return to the prewar status quo.

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channel-news-asiaMostly Factual23h ago

Oil rises on concerns over Strait of Hormuz reopening plans

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express-tribuneMostly Factual1d ago

Hormuz central to ending US-Iran war: FO

Says Pakistan stays engaged in diplomacy Lauds Oman's role in promoting peace, stability Rejects India's criti

By Kamran Yousaf

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zerohedgeLow1d ago

Change Of Plans?

Change Of Plans? By Bas van Geffen, Senior Macro Strategist at Rabobank Brent prices held steady just below the $80-level, as Iran said it reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz. That’s not the Iran-US deal that Trump had been eyeing, but this agreement raises the prospect of more energy flows resuming through the critical waterway. However, Iran has also said that the deal does not work until the US stops blocking traffic. We...

By Tyler Durden

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nl-timesMostly Factual1d ago

Fuel prices drop in Netherlands as hopes grow over Strait of Hormuz reopening

Fuel prices in the Netherlands have eased slightly this week.

By 90793

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myjoyonlineMixed20h ago

Oil rises on concerns over Strait of Hormuz reopening plans

Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, ​suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed ‌rules.

By Abubakar Ibrahim

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Coverage Timeline

First report: investing-com · 6 Aug, 11:53Full coverage: 26 · 21hWindow: 21h
Left-leaningCenterRight-leaning
investing-com6 Aug, 11:53First to report

Iran, Oman in final stage of securing possible Hormuz deal - Investing.com

3h later
globe-and-mail6 Aug, 15:09

Iran, Oman in final stage of drafting agreement to open Strait of Hormuz, Tehran says - The Globe and Mail

2h later
zerohedge6 Aug, 16:45

Change Of Plans?

iefimerida6 Aug, 17:15

Ιράν: Πιθανός ο αποκλεισμός των Στενών του Ορμούζ για «εχθρικά» πλοία και η επιβολή προστίμων έως 20% του φορτίου

The Independent6 Aug, 18:01

A deal to reopen the Strait of Hormuz nears – but Iran now holds all the cards

newsbeast6 Aug, 18:17

Ιράν: Εξετάζει απαγόρευση διέλευσης αμερικανικών και ισραηλινών πλοίων από τα Στενά του Ορμούζ

jutarnji-list6 Aug, 19:13

Iran i Oman blizu dogovora kojem se protivi cijeli svijet, SAD bijesan, Vance: ‘Izuzetno teški ljudi‘

nl-times6 Aug, 19:17

Fuel prices drop in Netherlands as hopes grow over Strait of Hormuz reopening

Yahoo6 Aug, 19:22

Oil settles up $3 as Iran reviews bill to ban US, Israeli vessels from Hormuz

national-post6 Aug, 19:46

Iran says deal with Oman on Strait of Hormuz agreed in principle

1h later
NPR6 Aug, 20:58

Iran aims to ban U.S. and Israeli ships from Strait of Hormuz and charge others a toll

le-figaro6 Aug, 21:18

Un sommet réunira vendredi à Jeddah les dirigeants saoudien, turc et pakistanais

wapo6 Aug, 21:37

Iran says Hormuz deal with Oman won’t fully reopen strait

express-tribune6 Aug, 22:02

Hormuz central to ending US-Iran war: FO

2h later
SCMP6 Aug, 23:33

Iran seeks to bar US ships as Hormuz deal with Oman advances

Al Jazeera7 Aug, 00:00

Trump says war can’t ‘go much longer’, Hormuz deal close

wsj7 Aug, 00:00

Can Iran’s Diminished Diplomats Deliver a Hormuz Deal? - WSJ

japan-times7 Aug, 00:28

Iran seeks to bar U.S. ships as Hormuz deal with Oman advances

channel-news-asia7 Aug, 00:47

Oil rises on concerns over Strait of Hormuz reopening plans

cnbc7 Aug, 01:00

Oil rises amid supply disruption fears following Iran's restrictive draft plan for the Strait of Hormuz

1h later
Reuters7 Aug, 02:08

Oil rises on concerns over Strait of Hormuz reopening plans - Reuters

Times of India7 Aug, 02:13

Oil prices rise 1% as Middle East conflict continues Hormuz shipping disruption

Dawn7 Aug, 02:35

Pakistan working with partners to defuse Hormuz stand-off: FO

1h later
myjoyonline7 Aug, 03:56

Oil rises on concerns over Strait of Hormuz reopening plans

naftemporiki7 Aug, 04:00

Ανακάμπτει ο δείκτης δολαρίου

5h later
bloomberg7 Aug, 09:02Latest update

Trump Says Hormuz Talks ‘Moving Along’ Even as Iran Mulls US Ban