Strait of Hormuz

STRAIT OF HORMUZ

STRAIT OF HORMUZ

Hormuz relief may take time for UAE shoppers

Lower oil and shipping costs may help, but retail prices could take months to adjust

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UAE consumers may see Hormuz price relief, but only after weeks

Iran insists on Hormuz control after US talk

Technical talks end with progress, but Hormuz and nuclear issues remain unresolved

The meeting room at the Bürgenstock resort overlooking Lake Lucerne in Obbürgen, near Lucerne, Switzerland.

US-Iran deal signed by Trump in Versailles: White House

The US on Wednesday released the text of memorandum of understanding with Iran

US President Donald Trump (C) addresses the media alongside US Secretary of State Marco Rubio (R) and US Commerce secretary Howard Lutnick (L) during a closing press conference at the G7 summit.

Hormuz reopening may not cut fuel prices fast

Analysts say tanker delays, insurance costs and inventories could slow price relief

Strait of Hormuz may reopen on Friday, but oil prices could take 8 weeks to settle

Syria will do the job vs Hezbollah: Trump

Iran warns of 'harsh response' as Israel accused of repeated Lebanon ceasefire violations

US President Donald Trump attends a bilateral meeting with UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, as US Secretary of State Marco Rubio and US Secretary of Treasury Scott Bessent (R) look on during the G7 summit, in Evian, eastern France, on June 16, 2026.

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