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Iran's Foreign Minister Abbas Araghchi announced on Friday that the Strait of Hormuz is open to all commercial vessels during a 10-day Lebanon ceasefire accord. This led to a fall in oil and other commodity prices, while stock markets rose. However, shipping companies are seeking clarifications on safety and security before transiting the strait. The Norwegian Shipowners' Association and shipping association BIMCO have expressed concerns about the presence of mines and Iranian conditions for transit. The International Maritime Organization is verifying Iran's announcement to ensure compliance with freedom of navigation for all merchant vessels and secure passage. Transit would be restricted to lanes deemed safe by Iran, and military vessels are still prohibited. Shipping companies such as Hapag-Lloyd and Maersk are closely monitoring the situation and assessing risks before making a decision. The US Navy has also issued an advisory warning of the threat posed by mines in parts of the strait. The Strait of Hormuz is one of the world's most important maritime chokepoints, and any disruption can have significant impacts on global trade and economy.

Asian stock markets experienced a significant surge on Tuesday, while oil prices declined, as renewed hopes for ceasefire talks between the United States and Iran brought relief to global markets. US President Donald Trump announced that Iranian officials had reached out to his administration, expressing their openness to a deal.The positive turn for markets came after Trump's remarks at the White House, where he stated, 'We've been called by the other side, and they would like to make a deal very badly.' This development led to gains in major Asian markets, including Japan's Nikkei 225, which rose as much as 2.5 percent, and South Korea's KOSPI, which gained about 3.7 percent. Singapore's Straits Times Index also climbed about 0.6 percent, while Hong Kong's Hang Seng Index was up about 0.4 percent in the early afternoon, and the SSE Composite Index in Shanghai was about 0.5 percent higher.The rally in Asia followed gains on Wall Street, with the benchmark S&P; 500 finishing up 1 percent overnight. Meanwhile, Brent crude, the benchmark for global oil prices, dipped nearly 1.5 percent, falling below $98 a barrel. This decline in oil prices occurred despite the US imposing a naval blockade on Iranian ports, a move that analysts warn could exacerbate the energy shortage affecting the global economy.Iran has effectively halted shipping through the Strait of Hormuz since the start of the conflict on February 28, significantly impacting the global energy market. Only 21 vessels transited the strait on Sunday, compared to roughly 130 daily transits before the conflict began, according to maritime intelligence provider Windward.

Oil prices experienced a significant surge following US President Donald Trump's announcement of a naval blockade on Iran. Brent crude, the international benchmark, rose more than 8 percent to top $103 a barrel on Sunday.The blockade, which was later clarified by US Central Command to only affect vessels traveling to and from Iran, is set to take effect on Monday at 10am Eastern Time (14:00 GMT). This move has heightened uncertainty in global financial markets, with major stock markets in Asia opening lower on Monday.The Strait of Hormuz, a critical conduit for about one-fifth of global oil and natural gas supplies, has been a focal point of tensions between the US and Iran. Despite a fragile truce between the two nations, only 17 vessels crossed the strait on Saturday, down from roughly 130 daily transits before the conflict.The blockade threat has stoked fears of supply disruptions, contributing to the rise in oil prices. This development comes after oil prices had fluctuated significantly in recent weeks, topping $119 last month before falling below $92 a barrel last week.Global markets are closely watching the situation, with US stock futures and Asian markets experiencing declines. Japan's benchmark Nikkei 225 fell 0.9 percent, while South Korea's KOSPI dropped more than 1 percent.

Oil prices jumped back above $100 a barrel and global stocks fell after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the Strait of Hormuz. The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the flow of Iranian oil.US Central Command said it would start at 10am ET (5.30pm in Iran and 3pm in the UK), blocking all Iranian Gulf ports and coastal areas, in effect seizing control of maritime traffic in the Strait of Hormuz. The news drove oil and gas prices sharply higher again, after the two-week ceasefire between the US and Iran announced on Wednesday prompted a sharp fall in energy prices, and crude ended the week below the psychological $100 a barrel threshold.Brent crude rose by nearly 7% to $101.74 a barrel on Monday morning, while US crude is up more than 8% to $104.69 a barrel. Gas prices also increased, with the British wholesale gas contract for May soaring by 11.7% to 122.5p a therm. Analysts at JPMorgan Chase said last week they expected oil prices to stay high in the second quarter, above $100 a barrel, before easing in the second half of the year.Most Asian stock markets fell on Monday, with Japan’s Nikkei down 0.7% and Hong Kong’s Hang Seng index losing 1%, while Chinese stocks rose slightly. Sentiment was helped by Beijing’s announcement of a 10-initiative strategy aimed at deepening ties with Taiwan. European stocks also fell, led by airlines including Lufthansa, Wizz Air, easyJet and British Airways parent IAG. The FTSE 100 index in London lost 0.4%, dropping 45 points to 10,555. Germany’s Dax fell 1%, Italy’s FTSE MiB slipped 0.7% and Spain’s Ibex was down 1.1%. With oil and gas prices rising sharply higher, energy companies such as BP and Shell are rallying.Priyanka Sachdeva, senior market analyst at the broker Phillip Nova, said: “In today’s environment, every barrel of risk added to oil markets carries an inflation price tag for the global economy.” She added: “The market reaction underscores a simple but powerful reality: Hormuz risk is not theoretical; it is structural, and it is real.”Interest rate expectations have shifted again; investors now see an 84% chance of two rate increases from the Bank of England this year to tackle rising inflation, up from 60% on Friday. Before the Iran war, the central bank was expected to cut rates. The price of gold fell 0.4% to $4,730.75 an ounce as the blockade fuelled inflation concerns, prompting traders to scale back expectations for Federal Reserve rate cuts this year.

The collapse of talks between the US and Iran has sent shockwaves through global markets, fuelling fears of a prolonged energy crisis and rising inflation. The failure to reach a peace deal has left large numbers of oil tankers stuck in the Persian Gulf, with oil prices fluctuating wildly in response to the uncertainty.US Vice-President JD Vance has blamed the collapse of the talks on Tehran's refusal to abandon its nuclear weapons programme, while Iranian sources have hit back at what they describe as 'excessive' demands from Washington. The stalemate has raised concerns about the long-term impact on the global economy, with governments and central banks warning of higher inflation and interest rates.Mohamed El-Erian, an adviser to Allianz, has cautioned that uncertainty will continue to dominate assessments of the financial impact from the conflict. 'Absent a swift resumption of negotiations, the immediate reaction of financial markets when they open for the trading week will be to push oil prices higher and borrowing costs higher,' he said.The International Monetary Fund and World Bank's spring meetings in Washington will focus on the war's impact on the global economy, with the IMF's managing director, Kristalina Georgieva, indicating that the fund will present three scenarios predicting lower economic growth and higher inflation. The IMF is also expected to highlight the impact on vulnerable economies.In the short term, oil prices have ended the week lower, with Brent crude at $94.26 a barrel and West Texas Intermediate crude at $95.63 a barrel. However, global stock markets have rebounded after a temporary ceasefire was announced, with the S&P; 500 close to its level before the US-Israeli attacks on Iran began.

U.S. crude futures tumbled about 16.5% to $94 a barrel after President Donald Trump declared a two‑week ceasefire with Iran. The announcement sparked a broad market rally: S&P; 500 futures jumped over 2%, the dollar weakened across the board, and 10‑year U.S. Treasury futures rose roughly 15 ticks. Investors welcomed the prospect of resuming oil and gas flows through the strategic Strait of Hormuz, a chokepoint that carries roughly one‑fifth of global petroleum shipments. The ceasefire, which Trump said would halt U.S. attacks for two weeks, is being coordinated with the Iranian Armed Forces, and Tehran has pledged to cease its own strikes if the United States does the same. Since the U.S. and Israel launched attacks on Iran at the end of February, markets have been volatile. The conflict forced Iran to effectively close the Strait, contributing to the . The new de‑escalation offers a potential relief valve for inflation‑sensitive economies and could restore confidence in energy‑intensive sectors. "Markets have been predicting that Trump was looking for an off‑ramp in Iran," said Jamie Cox, managing partner at Harris Financial Group. "Today, he got one and took it." The sentiment was echoed by analysts who see the ceasefire as a "good start" that may pave the way for a more permanent reopening of the waterway, though many uncertainties remain. Asian equity futures also pointed higher, reflecting the global impact of lower oil prices on regional markets that have been battered by the war and soaring energy costs. Meanwhile, the dollar's retreat underscores its recent role as a safe‑haven currency during the turmoil. Trump added that the United States had received a "10‑point proposal" from Iran, which he described as a workable basis for negotiations toward a long‑term peace settlement. While the ceasefire is limited to two weeks, analysts such as IG's Tony Sycamore caution that "lots of ifs still to work out" before a durable resolution can be achieved.

Oil prices have skyrocketed to more than $110 a barrel following Donald Trump's threat of military action against Iran. The international benchmark for oil prices, Brent crude, rose by 1% to $111 a barrel, while New York light crude jumped 2.6% to $115.3 a barrel. Investors are growing increasingly anxious as Trump escalates his threats against Iran, demanding it reopen the Strait of Hormuz as part of any deal to stop the war. The president set a deadline of Tuesday 8pm ET (1am BST Wednesday) for Iran to agree to a deal with Washington or face fresh attacks on civil infrastructure, including power plants. “The entire country can be taken out in one night, and that night might be tomorrow night,” Trump said. He emphasized that passage through the Strait – a vital shipping channel through which a fifth of the world’s oil and gas supplies normally pass – was a “very big priority” and should be part of any ceasefire deal. Global stock markets have been choppy since the US-Israel attack on Iran in February, as the effective closure of the Strait of Hormuz has fed fears around inflation and rattled investor confidence. On Monday, Kristalina Georgieva, the head of the International Monetary Fund, warned that the war is likely to lead to higher inflation and slower global growth. Georgieva told Reuters that before the war began, the IMF had expected a small upgrade in its expectation for global growth of 3.3% in 2026 and 3.2% in 2027. Instead, she said, “all roads now lead to higher prices and slower growth”. The IMF is expected to publish its report on the world economic outlook next week.

Global financial markets experienced a significant shift on Wednesday as oil prices plummeted and stock markets rallied following comments from US President Donald Trump. He suggested that the conflict in Iran would be resolved within 'two to three weeks'.The international benchmark for oil, Brent crude, fell as low as $98.35 a barrel, marking a decline of over 15% from the previous day and its lowest level in a week. It later recovered slightly, trading down 2.5% at $101.Stock markets in Asia saw substantial gains, with Japan's Nikkei surging 5%, South Korea's Kospi jumping 8%, Hong Kong's Hang Seng rising 2%, and China's CSI 300 index up 1.7%. European markets also followed suit, with the UK's FTSE 100 up 1.8% and the Europe Stoxx 600 index rising 2.2%.Trump's comments on Tuesday sparked a relief rally in the US stock market, with the S&P; 500 rising 2.9%. He stated, 'Now we're finishing the job. I think in two weeks or maybe a few days longer, we'll do the job. We want to knock out everything they've got.'Market analysts are cautiously optimistic, with Emma Wall, chief investment strategist at Hargreaves Lansdown, noting that markets are 'choosing to believe the optimism from the White House.' However, she also warned that energy disruptions could continue for months, impacting inflation and economic growth.The prospect of interest rate rises in the UK has diminished, with money markets pricing in about 41 basis points of increases to the UK bank rate by the end of 2026, down from 66 basis points anticipated on Tuesday.The price of gold rose to its highest level in almost two weeks, up 0.8% to more than $4,700 an ounce.

The price of oil has surged to $116 a barrel after Donald Trump's comments on seizing Iranian oil, sparking concerns over a potential escalation in the Middle East conflict. Brent crude, the international benchmark for oil, rose by 2% in early trading on Monday.Trump told the Financial Times that his 'favourite thing is to take the oil in Iran,' which led to a significant increase in oil prices and a drop in Asian stock markets. Japan's Nikkei fell by 3%, while the South Korean Kospi dropped 3.4%. Hong Kong's Hang Seng index shed about 1%.The conflict in the Middle East has escalated with the arrival of 3,500 US troops and Houthi rebels in Yemen firing ballistic missiles at Israeli sites. This has led to concerns over a potential disruption in oil supplies, causing natural gas prices to increase in Europe.Analysts warn that if the conflict doesn't end quickly, crude could rise to $150 or even $200 per barrel, which could lead to a global recession. The UK's Keir Starmer is set to hold talks with bosses from Shell, BP, and Equinor to discuss emergency measures to contain the crisis.The war in the Middle East has driven Brent crude to its biggest monthly gain ever, up by 59% since the start of March. Industry figures have warned of potential temporary shortages at petrol pumps in the UK due to the conflict.