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Oil markets nearing ‘red zone’ as holiday season nears, warns IEA chief

Hormuz.](https://i.guim.co.uk/img/media/e2dd30c8e93857e50f0b54f51b437d5046caae24/0_0_5996_3995/master/5996.jpg?width=445&dpr=1&s=none&crop=none) Birol predicts countries will pay a premium for oil from sources that are more secure than the Middle East. Photograph: Majid Asgaripour/Reuters His warning came as Pakistan, the mediator

Israel pushes for war amid US ceasefire, but its options may be limited

agreement that Israel is eager to restart hostilities, it is unlikely to be able to do so without US permission. That does not look like it will be quick in coming. Reports of a call

Shipping bosses nervous over Trump plan to guide vessels from strait of Hormuz

Hormuz soon afterwards and Trump imposed a counter-blockade of ships using Iranian ports on 13 April. A Pakistani-brokered ceasefire, announced [by Trump in early April](https://www.theguardian.com/us-news/2026/apr/07/trump-iran-war-ceasefire), stopped hostilities but failed

Oil price touches $100 a barrel as energy market may be past ‘point of no return’

shipping through the strait of Hormuz have sent oil soaring, [topping $126 at the end of last month](https://www.theguardian.com/world/2026/apr/30/oil-price-news-highest-since-2022-us-iran-ceasefire-strait-of-hormuz) and still about 38% higher than prewar levels. However, in recent weeks prices have

Trump heads to China for state visit. And, how the war in Iran has affected inflation

ships connected to the country. ![U.S. President Donald Trump and Chinese President Xi Jinping shake hands as they depart following a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea

US, Latin America countries criticise China’s retaliation over Panama Canal

agreements unconstitutional. In their joint statement on Tuesday, the six countries claimed that following the court ruling, China has retaliated against Panama with “targeted economic pressure” on Panamanian-flagged ships. China detained nearly 70 Panamanian

US Senate rejects another war powers resolution to limit Trump on Iran

agreement had been reached, stoked further calls for Congress to constrain Trump on the war. As with past votes, the resolution on Wednesday failed mostly along party lines, 47-53, with one Republican, Rand Paul

Leaders urge for restraint as 10-day Israel-Lebanon ceasefire takes effect

agreement, mostly by Israeli forces. --- ## **Thousands in Lebanon head home despite warnings** Thousands of people displaced by fighting in Lebanon in recent weeks began heading home Friday, hours after the ceasefire took effect, despite warnings

What’s in Iran’s latest proposal – and how has the US responded?

ships, [restricting Tehran’s ability to export oil](/news/2026/4/14/how-much-will-us-hormuz-blockade-hurt-iran-and-does-tehran-have-an-escape) and cutting off a crucial source of its revenue. ![epa12918541 Iranians walk past a huge billboard carrying a sentence reading in Persian 'The Strait of Hormuz

Marco Rubio: Trump ‘disappointment’ with Nato will be discussed at summit

shipping in the strait of Hormuz once the US and Iran have reached a peace deal, or there is a well-established ceasefire. US troop numbers in Europe are also expected to drop from

Trump goes to China as Iran war smolders

ships connected to Iran. Meanwhile, there are questions about whether China has assisted Iran. And yet, the state visit is moving ahead as planned. "It suggests that both believe they have interests in meeting," said

Albanese’s visits to key allies have borne early fruits of fuel and fertiliser but ‘resilience’ is on the budget agenda

strait of Hormuz, have done little to assuage fears about ongoing supplies of oil, fuel and fertiliser. [Sign up for the Breaking News Australia email](https://www.theguardian.com/email-newsletters?CMP=copyembed&CMP=emailbutton) It’s why the fire at Geelong

Trump and Tehran’s series of mismanaged posts stall progress towards peace

Hormuz is declared completely open for the remaining period of the ceasefire [Lebanon ceasefire] on the coordinated route as already announced by the Ports and Maritime Organisation of the Islamic Rep of Iran.” His announcement

Rising global costs threaten Mexico’s production costs and food stability

shipping disruptions in the [Strait of Hormuz](/news/2026/5/14/trump-xi-discuss-strait-of-hormuz-as-chinese-vessels-transit-key-waterway), are impacting Mexican producers and threatening a stable food supply, especially for low-income residents. Elvira Pasillas, professor at the Western Institute of Technology and Higher Education

Trump shelved ‘Project Freedom’ after Saudis refused use of bases and airspace

Hormuz lay behind Donald Trump’s decision to shelve the plan days after it had been launched. Riyadh told the White House it would not allow its Prince Sultan airbase to be used to mount

Iran blames Trump’s blockade for diplomatic impasse as fragile truce holds

agreement and continues to do so,” he said in a social media post, addressing the US and Israel. “Breach of commitments, blockade and threats are main obstacles to genuine negotiations. World sees your endless hypocritical

Rubio visits India to sell energy as Iran oil shock persists

Hormuz - a narrow shipping lane that has become a flashpoint since Israel and the US attacked Iran in February - have virtually ground to a halt. Iran has used the closure of the strait

Trump and Xi to meet in Beijing: The key issues shaping the China summit

shipping through the Strait of Hormuz restored, Poling argued the diplomatic and strategic pressure created by the disruption is falling far more heavily on Washington. “It is not China being humiliated in the strait

Why is Iran increasingly targeting the UAE in its war messaging?

ship travelling to or from the port to be in Iran’s jurisdiction. The port was struck earlier this month, but Iran denied responsibility. The UAE, for its part, has repeatedly condemned Iranian attacks

Middle East crisis live: US claims blockade has ‘completely halted economic trade’ into Iran, as Trump hints at return to talks in Pakistan

agreement on nuclear technology “requires very detailed verification mechanisms”. Iran has not allowed the IAEA access to its nuclear facilities bombed by [Israel](https://www.theguardian.com/world/israel) and the US during