Iran war

Strait of Hormuz ship transits are rising thanks to US help

Some of the ships that have crossed belong to companies that had not transited Hormuz since the war began

Trump’s changes were potentially intended to speed up the process by putting pressure on Iran to accept the framework.

Trump sends tougher terms to Iran for framework to end war, US officials say

He has been concerned about parts of the potential deal that would include unfreezing funds for the Iranians

Some traders posted strong gains linked to the Iran conflict, reinforcing expectations that continued market volatility could boost their profits.

From oil to coffee beans: Traders in Singapore find ways to deal with Middle East disruptions

The ongoing volatility has created opportunities for independent energy trader Vitol and its peers

The crude oil tanker Odessa, carrying UAE crude after passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, Daesan port, Seosan, South Korea, May 8, 2026.

A quarter of large oil tankers trapped by Iran war have escaped

Most vessels made the transit by “going dark” - switching off the Automatic Identification System used to communicate their positions

Oil prices have been volatile in recent sessions on conflicting signals on the possibility of an end to the three-month Iran war.

Oil falls over 1% on reports of potential US-Iran ceasefire deal

Traffic through the maritime chokepoint remains a small fraction of the pre-war level

Vessels anchored at the Strait of Hormuz as seen from Musandam, Oman, May 25, 2026.

Iran, US agree on deal to extend ceasefire and open Hormuz; Trump’s approval pending

“We’re not there yet, but we’re very close and we’re going to keep on working at it,” says US V-P Vance

US President Donald Trump has yet to approve the ceasefire deal on the war with Iran, which the US and Israel launched on Feb 28.

US imposes fresh sanctions on Iran’s military oil sales

8 vessels involved in transporting Iranian crude oil and petroleum products to global markets were also sanctioned

Toyota has weathered the Iran war better than other carmakers, keeping factories running despite disrupted routes through Hormuz.

Toyota sales slide for third month on Middle East conflict

In April, it falls 3.7% from the year before to 902,015 units