Strait of Hormuz: US Threatens Shipping Firms with Sanctions if They Pay Iran Tolls

US-led task force tells ships to reroute on first day of new effort to reopen the Strait of Hormuz

DUBAI, United Arab Emirates (AP) — The United States said Monday it is ready to “guide” commercial ships through the Strait of Hormuz in a new effort to end the blockade wreaking havoc on the global economy. The U.S.-led Joint Maritime Information Center advised ships to cross the strait in Oman’s waters, saying it had set up an “enhanced security area.” The American military has said the initiative might involve guided-missile destroyers, more …

Oil price today (May 4, 2026): Crude drops as Trump signals help for ships stuck in Strait of Hormuz; stays above $100 per barrel - The Times of India

Despite the modest pullback, oil prices continued to hold above $100 a barrel, as no breakthrough had been reached in the US-Iran talks and shipping movement through the Strait of Hormuz remained constrained.

Warning for Aussie choccy fans amid Iran war

The boss of confectionary giant Nestle has warned of bad news for Kit Kat and Allen’s lollies fans stemming from the US-Iran conflict.

For foreign workers in the Mideast, risk from the Iran war collides with economic strain at home

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Trump says the US will 'guide' stranded ships from the Strait of Hormuz, starting on Monday

The United States will launch an effort on Monday to “guide” stranded ships from the Iran-gripped Strait of Hormuz, President Donald Trump said, giving few details about a sweeping effort to help hundreds of vessels and some 20,000 seafarers.

Trump says operation will start Monday to help stranded ships leave Strait of Hormuz

U.S. President Donald Trump says a project will start on Monday to help stranded ships leave the Strait of Hormuz, but he offered few details.