Oil Prices Cross $90 a Barrel as U.S.-Iran Conflict Widens
Brent crude, the global benchmark for oil, rose more than 3 percent as trading resumed on Sunday, while S&P 500 futures remained essentially unchanged.
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Iran closes two border crossings with Kurdish region of Iraq
Iran closes two border crossings with Kurdish region of Iraq Iran has closed the Marivan and Hawraman border crossings with Iraq and urged residents to stay away from the surrounding frontier areas in Kurdistan province, Kurdish-language broadcaster Aryen TV reported. Border guards warned citizens not to approach the border strip in Dehreh-ki, Dezli and other frontier areas, advising against any movement or activity there, according to the report. The Marivan and Hawraman crossings connect Iran's Kurdistan province with Iraq's semi-autonomous Kurdistan region.
EU, Gulf states call on Iran to permanently open Hormuz without conditions
EU, Gulf states call on Iran to permanently open Hormuz without conditions The European Union and Gulf states called on Iran to permanently open the Strait of Hormuz without conditions or fees, Saudi state television reported.
Russia Bill Broadens Sanctions but Could Fuel Fears Over the Dollar
The Trump administration has recently sought to scale back sanctions as adversaries develop workarounds that some believe could erode the U. S. dollar’s supremacy.
India-linked ships among top Hormuz transit users, MarineTraffic says
India-linked ships among top Hormuz transit users, MarineTraffic says Vessels travelling to and from India accounted for one of the largest shares of applications to use Iran-designated routes through the Strait of Hormuz, according to MarineTraffic. Citing the data released by Iran, MarineTraffic said that in the three weeks following the 17 June US-Iran peace memorandum, India-bound ships accounted for 20 percent of outbound transit requests, second only to China at 21 percent. For vessels entering the Gulf, India was the largest country of origin, representing 21 percent of requests.
Hormuz traffic falls to three-week low, MarineTraffic says
Hormuz traffic falls to three-week low, MarineTraffic says Traffic through the Strait of Hormuz fell to a three-week low of eight vessels on Thursday, down from 15 the previous day, ship-tracking platform MarineTraffic said. In a post on X, MarineTraffic said seven of the eight transits used the Iranian shipping lane, with no vessels crossing via the Omani route and no shadow fleet movements recorded. Traffic was evenly split between commercial and non-commercial vessels, while half of all crossings were by Iranian-flagged ships.
Iraq and Syria sign deal to rehabilitate Mediterranean pipeline, bypass Strait of Hormuz
Iraq and Syria sign deal to rehabilitate Mediterranean pipeline, bypass Strait of Hormuz Iraq and Syria have signed a cooperation agreement to reconstruct a pipeline running from Iraqi oil fields to Syria’s Mediterranean coast, as part of a US-brokered deal to bypass the Strait of Hormuz. Middle East Eye was the first to reveal that the US was brokering efforts to rehabilitate the Kirkuk-Baniyas oil pipeline, with US ambassador to Turkey and Syria envoy Tom Barrack taking the lead. After MEE's exclusive, Bloomberg, Reuters, The Wall Street Journal, and The Financial Times reported on the expected deal.
Iraq and Syria sign deal to rehabilitate Mediterranean pipeline, bypass Strait of Hormuz
Iraq and Syria sign deal to rehabilitate Mediterranean pipeline, bypass Strait of Hormuz Submitted by MEE staff on Fri, 07/17/2026 - 21:00 MEE was the first to reveal that Syria and Iraq planned to unveil pipeline deal in Washington Oil facilities at the Baniyas port refinery on the Mediterranean Sea, Syria, on 15 April 2026 (Bakr Alkasem/AFP) Off Iraq and Syria have signed a cooperation agreement to reconstruct a pipeline running from Iraqi oil fields to Syria’s Mediterranean coast, as part of a US-brokered deal to bypass the Strait of Hormuz. Middle East Eye was the first to reveal that the US was brokering efforts to rehabilitate the Kirkuk-Baniyas oil pipeline, with US ambassador to Turkey and Syria envoy Tom Barrack taking the lead. After MEE's exclusive, Bloomberg, Reuters, The Wall Street Journal, and The Financial Times reported on the expected deal.
US backs Iraq pipeline plans to bypass Hormuz
US-backed plans to revive an oil pipeline linking Iraq and Syria have gained new urgency as Iran's closure of the Strait of Hormuz and attacks on shipping disrupt regional exports and drive oil prices higher.
Peak of US-Iran conflict likely over; easing commodity prices to aid Indian manufacturers from H2FY27: Report
New Delhi [India], July 17 (ANI): The recent escalation between the United States and Iran is unlikely to drive commodity prices back to previous highs, with easing price pressures expected to improve operating margins for Indian manufacturers from H2FY27, according to a report by Elara Securities.
Iran’s rial hits new low as dollar nears 1.92 million
The US dollar reached a record 1,918,000 rials on Iran’s open market Friday, surpassing its previous high as war, inflation and worsening economic prospects continued to weaken the currency.
Only three commodity vessels crossed Strait of Hormuz on Thursday
Only three commodity vessels crossed Strait of Hormuz on Thursday Only three commodity vessels crossed the Strait of Hormuz on Thurday, a record low since May, Reuters reported. According to Reuters, most ships were redirected or stopped due to the US' resumed blockade on the Strait. The reported added that global energy prices have risen due to the lack of traffic passing through the Strait.
UK outlaws support for IRGC under new national security powers
Britain formally designated Iran’s Islamic Revolutionary Guard Corps as a threat to national security on Friday, making public support for the organization or assistance to it punishable by up to 14 years in prison.
Australia declines timeline for delayed Iranian skilled visa cases
Australia declined to provide a timeline for resolving delayed skilled visa applications from Iranian nationals and did not directly answer whether Iranian applicants face additional security or identity checks compared with other nationalities.
"Avoid deploying Indian seafarers" through Hormuz, advises DGMA; says their safety remains "central" amid Gulf attacks
New Delhi [India], July 17 (ANI): Amid continuing attacks on merchant vessels and the heightened security situation in the Gulf, India's Directorate General of Maritime Administration (DGMA) has advised ship owners, ship managers and Recruitment and Placement Service Licence (RPSL) companies to avoi
Head of International Energy Agency says oil security remains a 'critical issue'
Head of International Energy Agency says oil security remains a 'critical issue' The head of the International Energy Agency, Fatih Birol, said on Thursday that if the US and Iran do not unite to improve flows of oil through the vital Strait of Hormuz, the world should soon be concerned about energy security. "Oil security is still a critical issue," Birol told a Council on Foreign Relations event. "We should be worried, and I am worried if the situation does not improve in the next few weeks.
Hormuz open for ships not travelling to or from Iranian ports, US Navy ensuring transit: White House
Washington DC [US], July 17 (ANI): The White House on Thursday (local time) said the Strait of Hormuz remains open for commercial vessels that are not travelling to or from Iranian ports as part of the US blockade on Tehran, adding that the US Navy is deployed to ensure the continued flow of maritime traffic through the strategic waterway.
Strait of Hormuz Tanker Traffic Erodes Further as Oil Prices Rise
Very few ships passed through the waterway on the first full day of the U. S. naval blockade of Iran.
US gas prices edge up again as US-Iran tensions heighten over strait of Hormuz
Diesel tops $5 a gallon as regular gas reaches almost $4, nearly a dollar and a quarter more than a year ago Middle East crisis live – latest updates The average price of diesel fuel in the US has increased again to more than $5 a gallon, according to the AAA , and the average price of gas is almost $4, returning to their highs before the June memorandum of understanding between the US and Iran . It’s a reminder to consumers and truckers of the costs of the Iran war and the unpredictable rhetoric from both Washington and Tehran. A year ago today, the AAA says, the average price for a gallon of diesel was $3.
EU fails to agree on Russia sanctions after days of talks media
The blocs envoys have reportedly decided to freeze the oil price cap for a week until they convene again The EU ambassadors have failed to reach a consensus on the 21st round of sanctions against Russia following three days of talks, multiple news outlets, including Reuters, Euractiv and Politico, reported on Wednesday.
