The Business Times
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Strait of Hormuz

Energy & Commodities

Oil jumps more than 3% as Iran and US square off over Hormuz

A satellite image shows damage at the control tower in the port of Chabahar, Iran after the US military said on July 8 it launched fresh strikes on Iran to keep the Strait of Hormuz open.
Global Enterprise

Trump says Strait of Hormuz open to commercial traffic

Iranian foreign minister Abbas Araghchi travelled to Oman on Saturday for talks on the future of Hormuz, but there was no sign of involvement by senior US envoys.
International

US, Iran trade wave of attacks as Teheran says Hormuz closed

Trump, the target of several past assassination attempts, was briefed during the 2024 presidential election on Iranian threats to kill him, his campaign said.
International

Trump vows to decimate Iran if it carries out assassination plot

At the Nato summit in Turkey on Jul 8, the president similarly said the ceasefire was “over”, but added that he would not prevent negotiations from proceeding.
International

Trump says Iran ceasefire over but talks on deal to continue

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, July 8, 2026.
Global Enterprise

Hormuz traffic grinds to a near halt as ceasefire under threat

The US President’s remarks come after the US launched strikes against Iran and revoked a waiver that allowed the sale of Iranian oil.
Capital Markets & Currencies

Stocks fall as Trump declares US-Iran ceasefire ‘over’

US West Texas Intermediate crude climbed US$3.70, or 5.25%, to US$74.14 a barrel. 
International

Oil jumps over 5% after Trump says deal with Iran 'over'

Although US President Donald Trump has at times stepped back from threats he has made against Iran, oil prices surged and stocks fell after his latest comments.
International

Trump says interim accord to end war is ‘over’ after Iranian strikes

Elevated borrowing costs are typically a headwind for gold, which does not pay interest.
Energy & Commodities

Gold holds drop as US strikes in Iran cloud rate hike outlook

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