strait of hormuz closure – Artifex.News https://artifex.news Stay Connected. Stay Informed. Sun, 20 Sep 2026 10:44:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png strait of hormuz closure – Artifex.News https://artifex.news 32 32 No reopening of Strait of Hormuz until Iran’s conditions are met, says Ghalibaf https://artifex.news/article71487500-ece/ Sun, 20 Sep 2026 10:44:00 +0000 https://artifex.news/article71487500-ece/ Read More “No reopening of Strait of Hormuz until Iran’s conditions are met, says Ghalibaf” »

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Iranian Parliament Speaker Mohammad Bagher Ghalibaf. File.
| Photo Credit: Reuters

Mohammad Bagher Ghalibaf, Speaker of the Iranian Parliament, said on Sunday (September 20, 2026) that the Strait of Hormuz would not be reopened until Iran’s seven conditions were met, adding that Tehran must pursue both military action and negotiations .

Addressing the Iranian Parliament, Mr. Ghalibaf said “the duality of war or negotiation is not real” and that Iran must “both fight and negotiate”. “We must fight sensibly and decisively and negotiate with authority and rationality at the right time,” he said.

Iran must use its military power to push back its adversary and consolidate battlefield gains through diplomacy, he said. “At the right moment, with all the military power we have, we must push back the enemy and deal him fatal blows,” he said. But once Iran had achieved “a significant field victory” and the enemy was weak, it must consolidate these advantages “with the tools of diplomacy”, he added.

He said Iran’s positions in the diplomatic arena were “completely clear, rational, and non-negotiable”, and that its conditions had been conveyed explicitly to the other side through mediators. The enemy “knows very well that the path of deception and unilateral imposition is closed”, Mr. Ghalibaf said.

The Strait of Hormuz would not be reopened until the conditions were fulfilled, including recognition of what he called the legitimate rights of the Iranian people and implementation of U.S. commitments, he said. He added that “there will be no opening for returning to the previous conditions of negotiation and the opening of the Strait of Hormuz”.

Mr. Ghalibaf’s remarks come as Iran has conveyed seven conditions to the U.S. through Qatari mediators for starting negotiations to end the continuing war, while warning that Tehran is prepared for a “decisive war” if Washington rejects its demands.

According to Al Jazeera, Mohsen Rezaei, Secretary of the Supreme National Security Council of Iran, said that Qatar had conveyed Iran’s conditions to Washington and Tehran was awaiting U.S. President Donald Trump’s response. Mr. Rezaei said the conditions included an end to the war on all fronts, the release of frozen Iranian funds, and an end to the naval blockade.

In a separate post on X, Mr. Rezaei said Iran had announced seven conditions for beginning negotiations with Washington. He wrote that “Tehran’s message is clear and unambiguous” and that Washington had “no choice but to accept Iran’s rights and conditions” if it wanted to escape the “quagmire it has created for itself”.

“Trump’s threats will not achieve any results. We are prepared for a decisive war,” Mr. Rezaei told Al Jazeera.

Qatar and Pakistan have been working to re-establish negotiations between Tehran and Washington since the expiry of a memorandum of understanding in August. Regional countries have also been seeking an end to the conflict that began after the U.S. and Israel launched strikes against Iran in late February.

Mr. Rezaei did not rule out another U.S. strike, saying it was “very much on the cards” according to Iranian military assessments. He said Tehran was prepared for such a scenario and that its military planning had changed after two earlier rounds of fighting.

The Security Chief said Tehran’s current planning was focused on U.S. naval assets stretching from the Gulf through the Gulf of Oman and into the Arabian Sea. He said Iran had also recently test-fired a multi-warhead anti-ship missile near a U.S. vessel or aircraft carrier.

Mr. Rezaei warned that any future Iranian response could be extensive, targeting U.S. bases in the region as well as U.S. commercial interests and companies operating locally.

Asked whether the war could end soon, he said: “In practical terms, the war is still going on.” He added that Tehran was pursuing a strategy aimed at bringing the conflict to an end “as soon as possible”.



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OPEC again lowers 2026 global oil demand growth forecast https://artifex.news/article71089843-ece/ Thu, 11 Jun 2026 15:09:00 +0000 https://artifex.news/article71089843-ece/ Read More “OPEC again lowers 2026 global oil demand growth forecast” »

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OPEC said consumption would rebound later and raised its demand growth forecast for 2027. File
| Photo Credit: Reuters

OPEC ⁠on Thursday (June 11, 2026) lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the producer group said in its ‌monthly report, marking the second straight downward revision.

The group continues to see a smaller impact on consumption ‌since the Iran war started than other forecasters such ‌as ⁠the U.S. Energy Information Administration and the International ⁠Energy Agency.

OPEC said consumption would rebound later and raised its demand growth forecast for 2027. The war has effectively closed the Strait of Hormuz, one ​of the world’s most important ‌oil routes, curbing millions of barrels of West Asia output. The resulting surge in fuel prices is hitting consumers and businesses around the world.

The current forecast reduced the expected ‌oil demand growth this year from 1.17 million barrels ​per day seen previously. For 2027, OPEC expects oil demand to rise by 1.73 million bpd, ⁠up 190,000 bpd from the previous forecast. “The global economic performance in the first half of 2026 has remained resilient, despite ongoing ‌geopolitical tensions,” OPEC said in the report, leaving its economic growth forecasts unchanged.

The EIA and IEA both expect oil demand to decline this year as a result of the war.

OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies such as Russia, had agreed to resume output increases from ‌April, but the closure of Hormuz has made it impossible to lift ​production.

The report said output fell further in May. OPEC+ crude output averaged 33.13 million bpd in ⁠May, down 190,000 bpd from April, the report said, citing secondary sources ⁠OPEC uses to monitor its production. Iran posted the biggest drop in output. The country’s exports were ‌down sharply in May due to a U.S. blockade, tanker data shows.

The May figure includes the United Arab Emirates, ​which left OPEC and OPEC+ on May 1.



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Iran says will target any vessel traffic in Strait of Hormuz after U.S. strikes in latest escalation https://artifex.news/article71086716-ece-2/ Wed, 10 Jun 2026 23:42:00 +0000 https://artifex.news/article71086716-ece-2/ Read More “Iran says will target any vessel traffic in Strait of Hormuz after U.S. strikes in latest escalation” »

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“Any vessel traffic through the Strait of Hormuz will be targeted” the Khatam al-Anbiya command said, according to Tasnim news agency. File
| Photo Credit: Reuters

Iran’s military command said on Thursday (June 11, 2026) it will target any ship transiting the Strait of Hormuz, after it struck two vessels attempting to pass through the strategic waterway.

“Any vessel traffic through the Strait of Hormuz will be targeted” the Khatam al-Anbiya command said, according to Tasnim news agency, adding that the strait is now “completely closed to all types of vessel”, following fresh U.S. airstrikes against Iran.

The Iranian navy, quoted by state television IRIB and the Mehr agency, said that “two ships attempting to illegally pass through the Strait of Hormuz were hit”.

New rounds of U.S. airstrikes against Iran

The U.S. military said on Wednesday (June 10, 2026) night that it has begun fresh round of strikes against Iran after President Donald Trump said more were coming. The escalating attacks threatened to derail efforts to end the war, with Mr. Trump warning that Tehran would “pay the price” for stalled negotiations.

U.S. Central Command said in a social media post that the military is striking “multiple targets in Iran” and that it’s being done “in response to Iran’s unwarranted and continued aggression”.

The strikes come a day after the U.S. struck Iran following the crash of an Army helicopter near the Strait of Hormuz that Mr. Trump blamed on the Islamic Republic.

Mr. Trump urged Iran to sign a deal to end the war.

Earlier on Wednesday (June 10), the U.S. military said it had fired on an oil tanker attempting to transport oil from Iran in violation of its blockade on Iranian ports.

Iran’s United Nations envoy said the U.S. should refrain from threats of force if it wants a deal.

“Iran has never negotiated under threats and pressure and will never submit to pressure or question,” Ambassador Amir Saeid Iravani told the UN Security Council on Wednesday.

(With inputs from AP, AFP)



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Iran says final deal still far off as Strait of Hormuz remains closed https://artifex.news/article70880527-ece/ Sun, 19 Apr 2026 10:17:00 +0000 https://artifex.news/article70880527-ece/ Read More “Iran says final deal still far off as Strait of Hormuz remains closed” »

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Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman. The Strait of Hormuz remained closed on April 19, 2026 in the stand-off between Iran and the United States
| Photo Credit: Reuters

The Strait of Hormuz remained closed on Sunday (April 19, 2026) in the stand-off between Iran and the United States, with Iran’s powerful Speaker of Parliament signalling a final peace deal was “far” off despite movement in negotiations.

As mediation efforts continued following high-level talks in Pakistan that failed to reach a deal, Iran said it would not reopen the crucial maritime trade route until the United States ended its blockade of Iranian ports.



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China, Pakistan propose peace plan for West Asia, call for ‘immediate’ end to hostilities https://artifex.news/article70808006-ece/ Tue, 31 Mar 2026 15:27:00 +0000 https://artifex.news/article70808006-ece/ Read More “China, Pakistan propose peace plan for West Asia, call for ‘immediate’ end to hostilities” »

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Pakistan’s Deputy Prime Minister and Minister for Foreign Affairs Senator Mohammad Ishaq Dar meets with Chinese Foreign Minister Wang Yi, at the Diaoyutai State Guesthouse in Beijing, China, on March 31, 2026.
| Photo Credit: Press Information Department (PID) via Reuters

China and Pakistan on Tuesday (March 31, 2026) put forward a five-point peace proposal to end the West Asia war, including a call for safe passage of ships through the Strait of Hormuz.

The peace proposal was put forward after Chinese Foreign Minister Wang Yi held talks on the Iran situation with visiting Pakistani Deputy Prime Minister and Foreign Minister Ishaq Dar.

Mr. Dar arrived in Beijing to brief Mr. Wang about his recent talks with the Foreign Ministers of Turkiye, Egypt and Saudi Arabia to promote talks between the U.S. and Iran to end the ongoing conflict.

After Dar-Wang talks, the two countries put forward five proposals on restoring peace and stability in the Gulf region and West Asia, as well as safe passage through the Strait.

The proposals included the immediate cessation of hostilities, initiation of peace talks as soon as possible, ensuring the safety of non-military targets and safety of navigation, and safeguarding the primacy of the UN Charter.

The Strait of Hormuz, together with its adjacent waters, is an important global shipping route for goods and energy, a joint statement issued after their talks said.

China and Pakistan on Strait of Hormuz

“China and Pakistan call on the parties to protect the security of ships and crew members stranded in the Strait of Hormuz, allow the early and safe passage of civilian and commercial ships, and restore normal passage through the Strait as soon as possible,” Pakistani media reported, quoting the joint statement.

Earlier, China said three of its ships carrying oil supplies had passed through the Strait of Hormuz and thanked relevant parties for facilitation and coordination.

After coordination with relevant parties, three Chinese ships recently transited the Strait of Hormuz. We express appreciation for the assistance of relevant parties, Chinese Foreign Ministry spokesperson Mao Ning told a media briefing in Beijing, without naming Iran, which is currently controlling the movement of oil shipments from the Gulf crossing the Strait.

Iran is demanding international recognition of its sovereignty over the Strait of Hormuz.

The Strait of Hormuz and waters nearby are an important route for international goods and energy trade. China calls for an immediate end to hostilities to restore peace and stability in the Gulf, Mr. Mao said.

This is the first time China, a large importer of Iranian oil for years despite U.S. sanctions, spoke of its ships crossing the Strait of Hormuz amid reports that Iran is permitting Chinese ships to cross the Strait given the close strategic ties.

Ever since the U.S. and Israel attacked Iran, China has been calling on all countries to immediately stop military operations.

Beijing has also been calling for keeping the Strait of Hormuz open, as its closure resulted in widespread disruption of fuel supplies.

While condemning the attacks on Iran, China is also preparing for U.S. President Donald Trump’s visit scheduled for May 14-15, during which expectations are high to finalise a trade deal between the two countries.





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U.S. Navy could escort vessels in Strait of Hormuz with international coalition, Bessent says https://artifex.news/article70736748-ece/ Thu, 12 Mar 2026 20:56:00 +0000 https://artifex.news/article70736748-ece/ Read More “U.S. Navy could escort vessels in Strait of Hormuz with international coalition, Bessent says” »

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U.S. Treasury Secretary Scott Bessent. File
| Photo Credit: AP

The U.S. Navy, perhaps ‌with an international coalition, will escort ​vessels through the Strait of ⁠Hormuz when it is militarily possible, U.S. Treasury Secretary Scott Bessent told Sky News ‌in an interview on Thursday (March 12, 2026).

“My belief, that as soon as ‌it is militarily possible, the U.S. ‌Navy, ⁠perhaps with an international ⁠coalition, will be escorting vessels through,” Mr. Bessent said.

Iran-Israel war LIVE

The plan to escort ships would go ​ahead as soon ‌as the U.S. has “complete control of the skies and … (Iran’s) rebuilding capabilities for the missiles completely degraded,” he ‌said.

U.S. and Israeli strikes on ​Iran and the subsequent response by Tehran have widened regional ⁠tensions and paralyzed shipping through the Strait of Hormuz, disrupting vital oil and gas flows in West Asia and sending energy prices higher.

Raising the stakes for the global economy, Iran’s Islamic Revolutionary Guard Corps says it will block oil shipments ‌from the Gulf unless the U.S. and Israeli ​attacks cease.

“There are, in fact, tankers coming through now, ⁠Iranian tankers, I believe some Chinese flag ⁠tankers have come through. So we know that they have ‌not mined the straits,”Mr. Bessent said.

‘No price would make Iran war unaffordable’

Mr. Bessent said “absolutely not” ​when ⁠asked by Sky News on ‌whether there was a ‌price ‌that ⁠could cause ⁠him to confront President Donald Trump ​and say ‌the Iran war was no longer affordable.

On ‌Wednesday (March 11, 2026), Reuters ​reported officials from the ⁠Trump administration estimated during a ‌congressional briefing this week that the first six days of ‌the war on ​Iran had cost the United ⁠States at least $11.3 ⁠billion.



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Trump says 10 Iranian mine-laying vessels destroyed https://artifex.news/article70728419-ece/ Tue, 10 Mar 2026 21:35:00 +0000 https://artifex.news/article70728419-ece/ Read More “Trump says 10 Iranian mine-laying vessels destroyed” »

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Nearly a fifth of global oil production passes through the Strait of Hormuz. File
| Photo Credit: Reuters

U.S. forces have destroyed 10 Iranian mine-laying vessels, President Donald Trump said on Wednesday (March 11, 2026), warning Tehran of unprecedented military consequences if it targets the Strait of Hormuz.

His comments came after Tehran vowed that no Gulf oil would pass through the key waterway, with oil prices remaining highly volatile over the virtual halt of shipping in the strait.

Israel-Iran war LIVE

“I am pleased to report that within the last few hours, we have hit, and completely destroyed, 10 inactive mine laying boats and/or ships, with more to follow!” Mr. Trump said on his Truth Social platform.

After several U.S. media outlets said Iran had either started or was on the verge of mining the Strait of Hormuz, Mr. Trump said he had no reports that such action had begun.

But he warned: “If for any reason mines were placed, and they are not removed forthwith, the Military consequences to Iran will be at a level never seen before. If, on the other hand, they remove what may have been placed, it will be a giant step in the right direction!”

The United States would also use the missiles it had previously employed to blow up alleged drug-trafficking vessels in Latin American waters to “permanently eliminate” any mine-laying boat in the Gulf strait, Mr. Trump added. “They will be dealt with quickly and violently.”

Nearly a fifth of global oil production passes through the Strait of Hormuz.

The White House said earlier that the United States has not escorted any oil tanker through the waterway, after the energy secretary’s social media account posted but then deleted a claim that it did so.

Trump’s administration has listed eliminating Iran’s navy as a key military objective of “Operation Epic Fury”, the joint U.S.-Israeli offensive launched against Iran on February 28.



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U.S. stocks erase big early loss and rise after oil prices whip back below $90 https://artifex.news/article70724181-ece/ Mon, 09 Mar 2026 22:06:00 +0000 https://artifex.news/article70724181-ece/ Read More “U.S. stocks erase big early loss and rise after oil prices whip back below $90” »

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The U.S. stock market careened through a manic Monday (March 9, 2026), going from a steep early loss to a solid gain as worries turned into hope that the war with Iran may not last that long. Oil prices whipped from nearly $120 per barrel, their highest since 2022, back toward $90.

The S&P 500 dropped as much as 1.5% in the morning before flipping to a gain of 0.8%. The Dow Jones Industrial Average clawed back a plunge of nearly 900 points to rise 239 points, or 0.5%, while the Nasdaq composite climbed 1.4%.

Israel-Iran war LIVE

They are the latest hour-to-hour swings to pummel financial markets because of the uncertainty about just how high oil prices will go and how long they will stay there because of disruptions to the energy industry in West Asia . Markets made their remarkable reversals during the last hour of Wall Street’s trading after President Donald Trump told CBS News that he thinks “the war is very complete, pretty much”.

That calmed worries that had built earlier in the morning, when the price for a barrel of Brent crude, the international standard, briefly touched $119.5. It had not been that expensive since the summer of 2022 after Russia invaded Ukraine.

If oil prices stay very high for very long, households’ budgets already stretched by high inflation could break under the pressure. Companies, meanwhile, would see their own bills jump for fuel and to stock items on their store shelves or in their data warehouses. It all raises the possibility of a worst-case scenario for the global economy, “stagflation”, where growth stagnates and inflation remains high.

Concerns have focussed in particular on the Strait of Hormuz, a narrow waterway off Iran’s coast that a fifth of the world’s oil sails through on a typical day. Iran had earlier threatened to set fire to ships sailing the strait.

If the strait remains closed for only a few weeks, the price of oil could push to $150 per barrel or higher, according to oil and gas strategists at Macquarie Research.

But oil prices pared their gains through the day, initially on talk that seven of the world’s largest economies could coordinate moves to push back on the spikes. They then slid sharply after CBS News said Mr. Trump said of Iran that “if you look, they have nothing left. There is nothing left in a military sense”.

Mr. Trump also added that when it comes to the Strait of Hormuz, he is “thinking about taking it over”, according to CBS.

A barrel of Brent crude pulled back to settle at $98.96 in the afternoon and then kept falling afterward below $90. A barrel of benchmark U.S. crude touched $119.48 during the morning, then pulled back to settle at $94.77 and then sank toward $85.

The U.S. stock market has a history of bouncing back relatively quickly from past military conflicts, as long as oil prices do not stay too high for too long. Some professional investors continue to suggest that drops in prices for stocks could ultimately offer opportunities to buy them at cheaper levels before they rise again.

“We continue to believe that the current acute shortage of oil will be reversed in the coming months as new supply comes online and oil should drop significantly,” according to Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute.

Even with all the recent swings in the market, the S&P 500 index that sits at the heart of many 401(k) accounts is still within 3% of its record set in January.

All told, the S&P 500 rose 55.97 points to 6,795.99. The Dow Jones Industrial Average added 239.25 to 47,740.8, and the Nasdaq composite gained 308.27 to 22,695.95.

To be sure, prices could reverse again in the coming days given all the uncertainties about the war. That is what happened through the huge swings that rocked Wall Street last week.

In stock markets abroad, where economies are more dependent on the import of oil and natural gas, stocks fell sharply before Trump’s comments were published. South Korea’s Kospi sank 6 per cent, Japan’s Nikkei 225 tumbled 5.2% and France’s CAC 40 dropped 1%.

Mr. Trump’s comments came after he said late on Sunday (March 8, 2026) that high oil prices at the moment were worth the cost. “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for USA, and World, Safety and Peace,” he said in a posting on his social media network.

In the bond market, the yield on the 10-year Treasury fell to 4.1% from 4.15% late on Friday (March 6, 2026).

Worries about high inflation and oil prices are pushing upward on Treasury yields, and the 10-year yield briefly rose above 4.2% early on Monday (March 9, 2026).

But worries about a potentially-slowing economy are pulling downward at the same time. On Friday (March 6, 2026), a discouragingly weak report on the U.S. job market showed that employers cut more jobs last month than they added. Yields then slid late in the day when oil prices eased.

Published – March 10, 2026 03:32 am IST



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Iran vows to attack any ship trying to pass through Strait of Hormuz https://artifex.news/article70697103-ece/ Mon, 02 Mar 2026 21:51:00 +0000 https://artifex.news/article70697103-ece/ Read More “Iran vows to attack any ship trying to pass through Strait of Hormuz” »

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A car rides along the coast of Musandam overlooking the Strait of Hormuz amid the U.S.-Israeli conflict with Iran, Oman, on March 2, 2026.
| Photo Credit: Reuters

An Iranian Revolutionary Guards senior official said on Monday (March 2, 2026) that the Strait ​of Hormuz is closed and Iran will fire on any ship ‌trying to pass, Iranian media reported.

This is Iran’s most ​explicit warning since telling ships that it was closing ⁠the export route on Saturday (February 28, 2026), a move that threatens to choke a fifth of global oil flows and send crude prices sharply higher.

“The ‌strait (of Hormuz) is closed. If anyone tries to pass, the heroes of the Revolutionary Guards and the ‌regular navy will set those ships ablaze,” Ebrahim Jabari, ‌a ⁠senior adviser to the Guards commander-in-chief, said in ⁠remarks carried by state media.

The strait is the world’s most vital oil export route, which connects the biggest Gulf oil producers, such as Saudi Arabia, Iran, ​Iraq and the United ‌Arab Emirates, with the Gulf of Oman and the Arabian Sea.

The closure was triggered by U.S. and Israeli strikes on Iran on February 28 seeking to topple its leaders, ‌with U.S. President Donald Trump offering Iranians help in ​ousting the ruling clerics.

In response, Iran fired several barrages of missiles at its Gulf neighbours hosting U.S. ⁠military bases such as Qatar, Kuwait and Bahrain. Tehran also fired missiles at the United Arab Emirates, Saudi Arabia and Oman.

About 20% of the world’s daily oil consumption passes through the Strait of Hormuz, which is about 33 kilometers (21 miles) wide at its narrowest point.

Oil markets have focused ‌on tensions between Tehran and its old foes, the U.S. and Israel, ​fearing that a full-blown conflict would disrupt supplies and destabilise the region.

The move also comes after ⁠global shipping had already experienced disruptions linked to drone and missile ⁠attacks carried out by Yemen’s Iran-aligned Houthi militants. The group has targeted vessels in the Red Sea and ‌the Gulf of Aden since the war on Gaza broke out in 2023.



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