Reopen Strait

Defence chiefs have been discussing how to unblock the conduit for about a fifth of the world’s oil suppliesThe UK has offered to host an international security summit to draw up a “viable, collective plan” to reopen the strait of Hormuz as economic fallout from the Iran conflict continues.Defence chiefs have been discussing how they could unblock the vital shipping lane, through which about 20% of global oil supplies usually pass, amid the Middle East crisis unleashed by the US and Israel. Continue reading...

• President Donald Trump issued a 48-hour ultimatum demanding Iran reopen the Strait of Hormuz or face U.S. "obliteration" of key energy infrastructure, escalating the ongoing conflict into its fourth consecutive week. • U.S. stock index futures fell sharply Sunday evening: S&P 500 futures declined 0.3% to 6,542.25 points, Nasdaq 100 futures fell 0.4% to 24,008.0 points, and Dow Jones futures dropped 0.16% to 45,821.0 points, reflecting market anxiety over potential military escalation. • Major indexes have posted cumulative losses of 4-7% over the past 30 days as concerns mount over the long-term economic impact of prolonged conflict, compounded by stronger-than-expected inflation data reducing expectations for Federal Reserve rate cuts this year.

• The U.S. and allies intensified operations on March 20, 2026, deploying low-flying attack jets and Apache helicopters to target Iranian naval vessels and drones in the Strait of Hormuz. • Iran's IRGC released video of a U.S. F-35 struck over Iranian airspace, forcing an emergency landing at a U.S. base; Pentagon confirms the $100 million jet incident. • This battle threatens global energy supplies, with oil prices seesawing and predictions of $150-$200 per barrel if unresolved, exacerbating a crisis three weeks into the war.

• West Texas Intermediate crude topped $100 per barrel for the first time since 2022 in early Monday trading, while Brent held above $102, driven by ongoing Middle East conflict in the Strait of Hormuz entering its third week. • Several tankers successfully transited the waterway over the weekend, lifting market sentiment; however, WTI pulled back to $95 by late trading, down over 3%, as President Trump pressured NATO allies to help break Iran's blockade. • The Dow, S&P 500, and Nasdaq rose as investors weighed the dual impact of potential Hormuz reopening against inflation concerns; Federal Reserve officials begin a two-day policy meeting this week amid uncertainty over rate path decisions.

Leaders seek a diplomatic solution despite US president’s threat of ‘a very bad future’ for Nato unless it provides warshipsMiddle East crisis – live updatesEuropean countries have ruled out sending warships to the strait of Hormuz, despite threats from Donald Trump that Nato faces “a very bad future” if members fail to help reopen the vital waterway.Germany ruled out participation in any military activity, including efforts to reopen the strait. “This is not our war, we have not started it,” said the country’s defence minister, Boris Pistorius. Continue reading...

• President Trump is suggesting he may delay his planned visit to China at month's end unless Beijing helps reopen the Strait of Hormuz and address soaring oil prices from the Iran war. • U.S. Treasury Secretary Scott Bessent met Monday in Paris with Chinese Vice Premier He Lifeng for trade talks intended to pave the way for Trump's Beijing trip, with a U.S.-China tariff truce currently in place. • Trump's administration is seeking international assistance with naval escort efforts in the strait after initial unilateral approaches proved insufficient as oil prices escalated.

Government reluctant to dispatch ships amid concerns complying with Trump’s demands could escalate Iran crisisMinisters are drawing up plans to send minesweeping drones to the strait of Hormuz amid concerns in Whitehall that complying with Donald Trump’s demand to send ships could escalate the crisis.The government is considering dispatching aerial minesweepers to help clear the vital waterway of mines in an attempt to allow the flow of oil exports to resume. However, officials said that sending ships, as requested over the weekend by the US president, could worsen the situation given the volatile nature of the war. Continue reading...