Hormuz
Curated coverage for Hormuz with top developments, timeline context, and connected threads.
Why the War Is Creating an Orphan Market for Iranian Crude — And Who Is Buying It
Iran's oil can't move through Hormuz, but it's still being sold — to specific buyers at specific discounts. Here is how the sanctioned Iranian crude market is working during the war and who profits.
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Dossier Timeline
34 updatesPakistan's 45-Day Ceasefire Proposal: The Diplomatic Last Chance Before the Deadline
Pakistan submitted a 45-day ceasefire proposal to both the US and Iran on April 6 — just 24 hours before Trump's power plant deadline. Here is what the proposal contains and whether it has any chance.
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Trump's 'Power Plant Day' Ultimatum to Iran: What Happens If He Follows Through Tonight
Trump set April 7 at 8 PM ET as his final deadline for Iran to open Hormuz or lose every bridge and power plant. Here is what the strike plan looks like and what it would mean for 92 million Iranians.
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Iran's Toll Booth on the World's Oil — The $2 Million Per Ship Fee That Nobody Is Discussing
Iran isn't simply blocking the Strait of Hormuz. It's running a $2 million per-ship 'toll booth' that could become permanent. Here is the full story of the most audacious seizure of global oil infrastructure in history.
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Oil Prices Are Already Falling From Their Peak — Here Is Why That Doesn't Mean the Crisis Is Over
Brent crude has fallen from its $126 peak. Here is why the drop doesn't mean the energy crisis is over and what economists are watching instead.
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Trump Said 'Me and the Ayatollah' Could Jointly Control Hormuz — Here Is the Context
Trump suggested he and Iran's Supreme Leader could jointly control the Strait of Hormuz. Here is the full quote, the diplomatic context, and whether this is actually a viable proposal.
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35 Countries Signed Starmer's Hormuz Statement — But None Will Send Warships Yet
35 countries signed Keir Starmer's statement on Hormuz maritime security. Here is which countries signed, what they committed to, and why none of them are actually sending warships yet.
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Iran's Five-Point Ceasefire Counteroffer Gives Tehran Control of Hormuz — The Nonstarter Explained
Iran's ceasefire counteroffer demands sovereign control of the Strait of Hormuz and war reparations. Here is why the US says this is a nonstarter and what each side actually wants.
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The Iran 'Tehran Toll Booth' Is Now Charging Ships $2 Million to Pass Hormuz
Iran is now forcing ships through a narrow inspection zone called the 'Tehran toll booth' and charging $2 million per transit. Here is how this changes the diplomacy and the global economy.
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Trump Said He Could 'Take the Oil' From Iran — Here Is the International Law Problem
Trump posted that the US could 'TAKE THE OIL' from Iran. Here is the specific international law that makes this impossible and whether it would actually happen.
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Bahrain Wants a UN Security Council Resolution to Open Hormuz — Why Russia Will Veto It
Bahrain is pushing a UN Security Council resolution to open Hormuz. Russia's Lavrov says it 'legitimizes aggression against Iran.' Here is why this resolution matters and will fail.
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The Global Jet Fuel Shortage Is About to Make Your Summer Vacation More Expensive
The Iran war's Hormuz disruption has created a global jet fuel shortage. Here is how much more expensive flights will be this summer and which routes are most affected.
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The First French Ship Transited Hormuz Since the War — Why This Small Ship Is a Big Deal
A CMA CGM vessel became the first French-owned ship to transit Hormuz since the war began. Here is the diplomatic and economic significance of this single ship's passage.
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Trump Gave Iran a 48-Hour Ultimatum and It Backfired — Here Is What Actually Happened
Trump told Iran it had 48 hours to open Hormuz or face 'all hell.' Iran called it 'stupid' and doubled down. Here is the specific back-and-forth and what the ultimatum actually achieved.
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The IRGC Commander Was Just Killed in a Strike — Here Is the Specific Chain of Command That Changes
Israel killed the IRGC Navy chief Alireza Tangsiri in a targeted strike. Here is what his death means for Iranian naval operations and the Hormuz blockade.
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How the Iran War Has Made Oil Tanker Companies the Most Profitable Businesses on Earth
Tanker companies are earning record profits from the Iran war's Hormuz blockade. Here is the specific economics of how conflict creates shipping windfalls.
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Strait of Hormuz: Iran Allowed 20 Pakistani Ships to Transit — Why This Small Step Matters Enormously
Iran agreed to allow 20 Pakistani-flagged ships to transit the Strait of Hormuz. Here is why this specific gesture is a significant diplomatic signal despite being a tiny fraction of normal traffic.
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China and Pakistan's 5-Point Peace Plan for Iran — Why It Matters More Than Trump's 15-Point Framework
China and Pakistan proposed a 5-point peace plan for Iran including ceasefire and Hormuz reopening. Here is what it contains and why it might succeed where Trump's framework hasn't.
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The Iran War Is Changing How Europe Heats Its Homes — The Energy Crisis Nobody Prepared For
The Hormuz blockade has cut European LNG supply and heating costs are rising. Here is who is most affected, what governments are doing, and whether a second energy crisis is arriving.
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The Global Economy One Month After Hormuz Closed — The Numbers That Matter
One month after the Strait of Hormuz effectively closed, here is the specific economic data on oil prices, GDP projections, and which countries are most affected.
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The Hormuz Blockade Is Not Just About Oil — Here Is Every Commodity It Disrupts
The Strait of Hormuz blockade disrupts LNG, fertiliser, food, and manufactured goods beyond oil. Here is the complete commodity impact map and which industries are most affected.
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The Strait of Hormuz Talks Failed — Here Is What the Diplomats Actually Discussed
International talks on reopening the Strait of Hormuz failed on April 3. Here is what the diplomats actually discussed, what Iran proposed, and why no agreement was reached.
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US Jobs Added 178,000 — Here Is What the Economy Looks Like Six Weeks Into the Iran War
The US added 178,000 jobs in March. Here is the surprisingly resilient jobs picture alongside the specific Iran war economic pressures — and what happens if Hormuz stays closed.
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The Strait of Hormuz Has Collapsed — Here Is What 10-20 Ships a Day Means for the World
The Strait of Hormuz traffic has fallen from 150 ships a day to 10-20 ships a day. Here is the specific economic impact of this maritime collapse on food, fuel, and the global economy.
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The April 6 Iran Deadline Just Passed — Here Is What Actually Happened
Trump's April 6 Iran deadline came and went. Here is the specific outcome, what Iran agreed to, what it refused, and what happens next for the Strait of Hormuz.
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'Go Get Your Own Oil' — Trump's Most Revealing Statement About the Iran War Yet
Trump told reporters that allies who rely on Hormuz oil should 'go get your own oil' — shifting responsibility for Hormuz's reopening to the countries most economically affected. Here is what this means.
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The Russian Tanker to Cuba Story Is Actually About Something Else Entirely
A Russian tanker going to Cuba while Iran blocks Hormuz seems like a minor story. Here is why it is actually one of the most strategically revealing moments of the current crisis.
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Zelensky's Gulf Arms Deal: Ukraine Just Offered to Help Open Hormuz and Changed the War's Geography
Zelensky announced Ukraine would supply weapons and defence tech to Gulf states and help open the Strait of Hormuz. Here is what this extraordinary pivot means.
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Biggest Oil Shock in History: The IEA Just Said What Nobody Wanted to Hear
The International Energy Agency has called the Hormuz closure 'the biggest oil shock in history.' Here is what that means, how it compares to 1973, and what happens to European consumers.
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Iran Says Yes to 'Most' of Trump's 15 Demands — But Read the Fine Print Before Celebrating
Trump says Iran agreed to 'most' of his 15-point plan. Here is what the 15 points actually are, what Iran accepted, what it didn't, and why this is still very far from peace.
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How the April 6 Deadline Was Actually Set — and Why It Might Be Extended Again
The April 6 Iran deadline is Trump's third deadline in the conflict. Here is how each previous deadline was set and extended, what pattern this reveals, and what happens next.
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The Political Prisoner Iran Just Released — and the Message It Sends About April 6
Iran released a British-Iranian dual national three days after Trump's deadline extension. Here is what diplomatic analysts think this gesture means for the April 6 Hormuz deadline.
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What the Iranian Navy Is Actually Capable Of — and Why the US Is Worried
The Iranian Navy has capabilities that are often underestimated in Western media. Here is an honest assessment of what Tehran can actually do in the Strait of Hormuz.
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What Happens After April 6 if Iran Doesn't Open Hormuz? The Scenarios Nobody Wants to Think About
Trump has set April 6 as the deadline for Iran to open Hormuz. Here are the scenarios that analysts are modeling for what happens if they don't — and they are alarming.
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The Science Behind Why Oil Prices Can't Come Down Quickly Even If Hormuz Reopens
Even if the Strait of Hormuz opens tomorrow, oil prices won't fall back to pre-war levels for months. Here is the science and economics of why energy markets don't reverse quickly.
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