{"success":true,"data":{"straitStatus":{"status":"CLOSED","since":"2026-02-28","description":"Strait effectively closed to commercial shipping since Feb 28, 2026. Only 3 transits on Aug 23 (4% of normal). Iran-Oman talks ongoing on temporary shipping corridor and mine-clearing, but militarily closed status unchanged. Trump threatened Oman if it interferes with US efforts."},"shipCount":{"currentTransits":3,"last24h":3,"normalDaily":60,"percentOfNormal":5},"oilPrice":{"brentPrice":95.29,"change24h":2.86,"changePercent24h":3.09,"sparkline":[81.23,85.01,86.99,93.85,94.12,105.32,100.31,91.82,85.51,91.95,91.91,96.95,88.9,86.47,86.65,89.65,87.62,92.74,93.26,92.52,92.03,92.02,92.43,95.29]},"strandedVessels":{"total":150,"tankers":85,"bulk":40,"other":25,"changeToday":0},"insurance":{"level":"EXTREME","warRiskPercent":7.5,"normalPercent":0.15,"multiplier":50},"throughput":{"todayDWT":515000,"averageDWT":10300000,"percentOfNormal":5,"last7Days":[644000,601500,580000,560000,546000,530000,515000]},"diplomacy":{"status":"TALKS_IN_PROGRESS","headline":"Iran-Oman framework for temporary corridor announced; US-Iran direct talks collapsed; Trump threatens Oman","date":"2026-08-25","parties":["Iran","Oman","United States","Israel"],"summary":"Iran and Oman announced Tuesday a framework for temporary joint shipping corridor and mine-clearing. However, Iran's deputy foreign minister clarified the Strait remains militarily closed. US-Iran direct diplomacy has effectively collapsed. Trump called off planned strikes on Iran but threatened military action against Oman if it interferes with US objectives."},"globalTradeImpact":{"percentOfWorldOilAtRisk":21,"estimatedDailyCostBillions":4.2,"affectedRegions":[{"name":"Japan","severity":"CRITICAL","oilDependencyPercent":90,"description":"Over 90% of oil supply dependent on Hormuz transits. LNG imports severely disrupted. Facing acute energy shortage."},{"name":"South Korea","severity":"CRITICAL","oilDependencyPercent":80,"description":"Approximately 80% of oil supply dependent on Hormuz. Major LNG importer experiencing supply chain disruptions."},{"name":"China","severity":"HIGH","oilDependencyPercent":40,"description":"About 40% of crude oil imports transit Hormuz. LNG supplies also affected but with more alternative sourcing options."},{"name":"India","severity":"HIGH","oilDependencyPercent":60,"description":"Approximately 60% of oil supply dependent on Hormuz. Facing significant energy price inflation and supply uncertainty."},{"name":"European Union","severity":"MODERATE","oilDependencyPercent":20,"description":"About 20% of oil supply affected. More diversified sourcing reduces immediate criticality but prices elevated."}],"lngImpact":{"percentOfWorldLngAtRisk":25,"estimatedLngDailyCostBillions":1.8,"topAffectedImporters":["Japan","South Korea","China"],"description":"Approximately 25% of global LNG trade transits Hormuz. Japan, South Korea, and China face acute LNG supply shortages. Spot prices for LNG have surged significantly; alternative suppliers at capacity."},"alternativeRoutes":[{"name":"Cape of Good Hope","additionalDays":12,"additionalCostPerVessel":650,"currentUsageStatus":"Elevated rerouting activity; tanker scheduling extended 2-3 weeks; vessel availability premium for Cape routing"},{"name":"East-West Pipeline (Saudi Arabia)","additionalDays":0,"additionalCostPerVessel":0,"currentUsageStatus":"Operating at ~5 mbpd capacity; fully utilized but insufficient to offset Hormuz closure"},{"name":"Habshan-Fujairah Pipeline (UAE)","additionalDays":0,"additionalCostPerVessel":0,"currentUsageStatus":"Operating at 1.5 mbpd capacity; fully saturated; minor relief only"}],"supplyChainImpact":{"shippingRateIncreasePercent":280,"consumerPriceImpactPercent":4.2,"sprStatusDays":70,"keyDisruptions":["Brent crude up 19% since pre-war; WTI trading $82-88/bbl amid Strait closure and limited transits","Shipping container rates to Asia up 280% from pre-crisis baseline; availability severely constrained","Semiconductor and electronics manufacturing in Japan facing production cutbacks due to energy rationing","LNG spot prices in Asia up 320% YoY; winter heating fuel procurement underway despite August timing"]}},"crisisTimeline":{"events":[{"date":"2026-02-28","type":"ESCALATION","title":"US-Israel war on Iran begins; Strait effectively closed","description":"US and Israeli forces strike Iran; Ali Khamenei assassinated. Iran retaliates with missiles and drones. Within 48 hours, Strait of Hormuz closes. Over 150 tankers anchor outside strait."},{"date":"2026-04-08","type":"DIPLOMATIC","title":"Two-week ceasefire begins","description":"US-Iran ceasefire begins but maritime traffic remains restricted at ~95% below normal. Only limited vessels transit under Iranian supervision."},{"date":"2026-06-17","type":"DIPLOMATIC","title":"US-Iran Memorandum of Understanding signed","description":"MOU temporarily reopens strait; US lifts naval blockade on June 18. Commercial traffic surges briefly on June 19 but normalizes well below pre-war levels."},{"date":"2026-06-25","type":"MILITARY","title":"Iran attacks ship in Omani waters; US airstrikes follow","description":"Days after MOU evacuation begins, Iran attacks vessel in Omani waters south of traditional Hormuz lanes. US responds with airstrikes."},{"date":"2026-07-07","type":"MILITARY","title":"Iran attacks ships off Oman coast; Trump says MOU no longer in force","description":"Iranian attacks on July 7-8 off Oman coast spur further US airstrikes. President Trump declares MOU no longer in force."},{"date":"2026-07-20","type":"ESCALATION","title":"Peak military escalation; traffic falls 90% YoY","description":"Volume of attacks (Iran on shipping/regional powers; US on Iran) highest since April. Cross-strait traffic again reduced sharply."},{"date":"2026-08-04","type":"DIPLOMATIC","title":"Iran-Oman talks progress on safe shipping routes","description":"Iran and Oman agree on geographical coordinates of proposed safe shipping corridor. Talks described as 'professional' and 'progressing' with joint statement in final review."},{"date":"2026-08-17","type":"DIPLOMATIC","title":"60-day US-Iran peace window expires; Trump threatens Oman","description":"Two-month window for US-Iran peace talks expires without clear path to end war. Trump threatens military action against Oman if it interferes with US Hormuz efforts."},{"date":"2026-08-25","type":"DIPLOMATIC","title":"Iran-Oman temporary corridor framework announced","description":"Iran and Oman outline framework for temporary joint shipping corridor and mine-clearing operations. Iran's deputy FM clarifies Strait remains militarily closed despite framework."}]},"tankerRates":{"currentRate":245,"preCrisisRate":50,"changePercent":390,"route":"AG-East (TD3C)","vesselType":"VLCC","trend":[52,78,125,165,198,215,238,245],"unit":"WS"},"news":[{"url":"https://investinglive.com/commodities/axios-reports-rubio-tells-allies-us-shifting-from-strikes-to-sanctions-on-iran/","title":"Axios reports - Rubio tells allies US shifting from strikes to sanctions on Iran","source":"Forexlive","description":"A message that Washington is pausing major combat operations against Iran, if true, removes one of the more acute tail risks that had been supporting a geopolitical premium in crude. Combined with reports that naval mine clearance has reopened most of the Strait of Hormuz and that tanker traffic through the southern lane has picked up meaningfully, the news points toward a steadier physical flow of oil out of the Gulf rather than a renewed escalation. Markets are likely to treat this as reinforcing the recent pullback in prices rather than as a standalone catalyst, given crude has already been sliding on separate reports of a possible ceasefire and softer than expected sanctions detail. The framing that pressure continues at least until after the midterm elections suggests traders should not expect a near term return to open conflict, even as the underlying dispute remains unresolved. --- Also in 'encouraging if true' basket: Russian media report says there is an Iran-US deal Oil slides $2 on unconfirmed report of US Iran ceasefire, Hormuz reopening Washington says it no longer needs to fight for control of the Strait of Hormuz because it already has it. Summary: Axios reports Secretary of State Marco Rubio has told several allied foreign ministers the US does not currently plan new strikes on Iran Rubio's message frames the shift as a move toward sustained economic pressure, including the naval blockade and the new Treasury sanctions push, rather than renewed military action US officials say clearing mines from most of the Strait of Hormuz has significantly reduced Iran's ability to disrupt shipping, with tanker traffic increasingly moving through the strait's southern lane Officials describe control of the strait as having passed from Iran to the United States, with almost no tankers recently observed at Iran's Kharg Island export hub A second US official indicated this posture is expected to hold at least until after the midterm elections, after which renewed military action could return to consideration Pakistan's army chief met Iranian leadership in Tehran over the weekend, reportedly carrying a fresh proposal, though the White House says there are no current or scheduled negotiations The United States has told allied governments it is shifting its approach to Iran from military strikes toward sustained economic pressure, according to Axios . Secretary of State Marco Rubio has relayed the message to several foreign counterparts in recent days, telling them that for the time being Washington does not expect to initiate new strikes against Tehran. Rubio's calls with allied foreign ministers outlined a policy built around three elements: holding off on further military action against Iran, deepening economic pressure through the US naval blockade and the Treasury Department's newly announced sanctions initiative, and maximising the volume of oil moved through the Strait of Hormuz into global markets. A second US official said that posture is likely to remain in place at least until after the midterm elections, after which a renewed military campaign could again become an option. Central to the shift is a change officials describe as a turning point in the conflict, the clearing of naval mines from most of the Strait of Hormuz. One US official told Axios the effect has been to strip Iran of one of its principal sources of leverage over global energy markets, saying the country has lost the ability to hold the waterway hostage. Tanker traffic has increasingly moved through the strait's southern shipping lane in recent weeks, and officials say almost no vessels have been observed at Kharg Island, Iran's primary oil export terminal, over the past fortnight. A State Department spokesperson told Axios the administration views the Iranian economy as being in serious distress and its military substantially weakened, and said the US intends to continue cutting off the regime's remaining sources of financial support. The spokesperson added that preventing Iran from acquiring a nuclear weapon remains the president's central objective. The report also notes renewed diplomatic activity around the edges of the conflict. Pakistan's army chief, Field Marshal Asim Munir, met Iranian leadership in Tehran over the weekend, with reports from Al Arabiya suggesting Munir had discussed a new proposal with President Trump ahead of the trip. The White House stopped short of denying that contact took place but said no negotiations with Iran are currently underway or scheduled. US officials frame the growing oil flow out of the Gulf as having made a prospective Iran-Oman arrangement over the strait largely redundant, with one official characterising the current posture as pressure rather than negotiation, adding that sustained economic pain could eventually push Tehran back to the table. Separately, Axios reports that White House envoys Steve Witkoff and Jared Kushner, who have led negotiations with Iran throughout the conflict, are due to visit US Central Command this week for briefings on the ground situation, a sign the administration continues to monitor conditions closely even as its public posture shifts toward restraint. This article was written by Eamonn Sheridan at investinglive.com.","publishedAt":"2026-08-25 21:42:22"},{"url":"https://www.axios.com/2026/08/25/rubio-iran-war-hormuz-oil","title":"Rubio tells allies U.S. shifting from strikes to sanctions on Iran","source":"Axios","description":"Secretary of State Marco Rubio has told several of his foreign counterparts in recent days that \"for the time being\" the U.S. is not expected to initiate new strikes against Iran , according to a U.S. official and a second source with knowledge of the matter. Instead, he's said the focus is on other means of pressure, including the sanctions initiative announced this week. Why it matters: Rubio's message to foreign ministers from several allied countries comes as the U.S. believes it's suffocating Iran with the naval blockade — while moving ever-increasing amounts of oil out of the Strait of Hormuz. It's also another sign that President Trump is exasperated with the war and wants it to be over, at least for now. The U.S. official said that while Rubio made clear that the U.S. isn't planning a return to major combat operations, he didn't rule out strikes if Iran attacks first. Another U.S. official said the clearing of mines from the Strait of Hormuz by the U.S. Navy is a watershed moment in the war, largely neutralizing one of Iran's main sources of leverage. Behind the scenes: The sources said Rubio outlined the Trump administration's current Iran policy in phone calls with several of his counterparts: Avoiding military action against Iran for the time being. Increasing economic pressure on Iran through the U.S. naval blockade and the new Treasury Department sanctions push. Transporting as much oil as possible through the strait and into global energy markets. A second U.S. official said this is expected to be the policy at least until after the midterm elections, when a new military campaign could again be on the table. State of play: U.S. officials say the clearing of mines from most of the Strait of Hormuz, coupled with the fact that more and more tankers have been moving through the southern lane of the strait in recent weeks, significantly reduces Iran's leverage over global energy markets. \"The Iranians have lost control over the strait. Now the U.S. controls it,\" one U.S. official said. The U.S. naval blockade is depriving Iran of critical revenue. Over the last two weeks, almost no tankers have been spotted at Kharg Island, Iran's main oil export hub, U.S. officials say. \"The Iranian economy is in free fall and the regime's military has been decimated,\" State Department spokesman Tommy Pigott told Axios, \"and we are cutting off every financial lifeline the regime has remaining.\" He added, \"The President has been clear that Iran cannot have a nuclear weapon, and that he will use the tools necessary to ensure that objective is accomplished.\" The big picture: Pakistan's army chief, Field Marshal Asim Munir, was in Tehran on Sunday for talks with the Iranian leadership. Pakistan has been a key mediator between the U.S. and Iran since the war began. According to Al Arabiya, the Saudi-affiliated TV station, Munir spoke to Trump before the trip and suggested a new proposal for the Iranians. The White House didn't deny that Trump spoke to Munir but said there are no current or scheduled negotiations with Iran. U.S. officials say that the new developments in the strait and the growing volume of oil coming out of the Gulf have deprived Iran of a major card in any future negotiations and made any potential deal between Oman and Iran regarding the strait irrelevant. \"Right now we are not negotiating with Iran. We are squeezing them. The pressure could drive the Iranians back to the table,\" a U.S. official said. What to watch: White House envoys Steve Witkoff and Jared Kushner, who have been leading the negotiations with Iran, are expected to visit U.S. Central Command on Wednesday for briefings on the situation on the ground, according to a source with knowledge.","publishedAt":"2026-08-25 21:29:31"},{"url":"https://www.breitbart.com/politics/2026/08/25/bessent-irans-leadership-panicking-under-trump-economic-offensive-vows-to-sever-every-economic-lifeline/","title":"Bessent: Iran’s Leadership ‘Panicking’ Under Trump Economic Offensive — Vows to Sever ‘Every Economic Lifeline’","source":"Brietbart","description":"Treasury Secretary Scott Bessent declared Tuesday that Iran’s leadership is already “panicking” under President Donald Trump’s mounting economic offensive — pointing to stark warnings from Tehran’s own president and parliament speaker about the country’s deteriorating economy while vowing to continue severing the regime’s financial lifelines until it “stands alone.” The post Bessent: Iran’s Leadership ‘Panicking’ Under Trump Economic Offensive — Vows to Sever ‘Every Economic Lifeline’ appeared first on Breitbart .","publishedAt":"2026-08-25 21:25:39"},{"url":"https://nypost.com/2026/08/25/world-news/hormuz-tanker-hit-in-us-protected-route-as-iran-vows-retaliation/","title":"Oil tanker attacked as it tried to sneak through Strait of Hormuz via US-protected route — after Iran vowed retaliation for sanctions","source":"New York Post","description":"An oil tanker was struck near the Strait of Hormuz overnight as Iran vowed to retaliate against the US over the latest sanctions and economic threats slapped against the regime.","publishedAt":"2026-08-25 21:10:05"},{"url":"https://www.moneycontrol.com/world/iran-oman-push-talks-for-interim-reopening-of-strait-of-hormuz-article-14015460.html","title":"Iran, Oman push talks for 'interim' reopening of Strait of Hormuz","source":"Moneycontrol","description":"","publishedAt":"2026-08-25 20:55:22"},{"url":"https://investinglive.com/commodities/oil-slides-2-on-unconfirmed-report-of-us-iran-ceasefire-hormuz-reopening/","title":"Oil slides $2 on unconfirmed report of US Iran ceasefire, Hormuz reopening","source":"Forexlive","description":"Brent and WTI both fell around two dollars within the hour on the report , adding to a slide that has already taken crude down roughly five percent from last week's highs. The reaction shows how sensitive the market remains to any signal of a resolution given how much of the current price still reflects a geopolitical risk premium tied to Hormuz. However, the move looks stretched relative to the strength of the sourcing behind it. A single wire citing unnamed foreign military and security contacts is a thin basis for a two dollar repricing, and desks should be alert to a sharp reversal if the report fails to gain traction on other newswires or from Tehran's own state media in the hours ahead. --- Oil is trading a rumour, not a confirmed deal, and the sourcing so far does not match the size of the price move. Summary: Brent and WTI both fell approximately two dollars per barrel within the past hour Move follows a report from Russian state agency RIA Novosti citing Pakistani military and Iranian security sources of an agreed US Iran ceasefire Report states the ceasefire includes free navigation through the Strait of Hormuz, with a formal announcement expected in coming days No confirmation yet from Reuters, Bloomberg, AP, or any US, Iranian or Gulf state media outlet Sourcing is considered unusual given Russia is not a party to the negotiations and would not typically be first to confirm a US Iran development The CIA director is currently in Moscow, though this is circumstantial and does not corroborate the ceasefire claim Move adds to an existing three session decline in crude, which had already fallen roughly five percent from last week's highs on softer than expected US sanctions and separate reports of Pakistani mediation efforts Oil prices fell sharply within the past hour after a report from Russian state news agency RIA Novosti claimed that a ceasefire had been agreed between the United States and Iran, including provisions for free navigation through the Strait of Hormuz. Brent and West Texas Intermediate both dropped around two dollars a barrel on the headline, extending a decline that has already pulled crude down roughly five percent from highs reached last week. According to RIA, the report is based on accounts from Pakistani military and Iranian security sources, who told the agency that a ceasefire had been agreed and would be formally announced in coming days. The claim has not been corroborated by Reuters, Bloomberg, Associated Press or any other major international wire, nor has it been confirmed by officials in Washington, Tehran or the Gulf states. Iranian state outlets such as IRNA and Press TV, which have historically moved quickly to confirm developments favourable to Tehran, had not picked up the report as of writing. Traders are treating the sourcing with some caution. Russia is not a direct party to the US Iran negotiations, and it would be an unusual pattern for a Russian state outlet to be first to confirm a breakthrough in talks between Washington and Tehran. Pakistan has played a genuine mediating role in the conflict at several points, lending some plausibility to sources described as Pakistani military contacts, but the chain of attribution remains several steps removed from any official confirmation. Separately, market participants have noted that the CIA director is currently in Moscow. While the timing has drawn attention, there is no indication the visit is connected to the substance of the RIA report, and it should not be read as corroborating evidence. The price reaction comes on top of an already softening market. Crude had fallen for three consecutive sessions this week after a US sanctions package targeting Iran's trading partners was seen as less severe than markets had anticipated, and after reports emerged of separate Pakistani mediation efforts involving a proposal tied to the existing US Iran memorandum of understanding. Against that backdrop, an unconfirmed ceasefire report landing on an already bearish market has amplified the price response. Desks are watching for confirmation or denial from Western wires, US officials or Iranian state media in the hours ahead. Given the narrow sourcing behind the claim, a failure to gain corroboration would raise the risk of a swift reversal of today's move. This article was written by Eamonn Sheridan at investinglive.com.","publishedAt":"2026-08-25 20:53:25"},{"url":"https://ca.news.yahoo.com/let-iran-control-strait-hormuz-205206537.html","title":"Let Iran Control The Strait Of Hormuz? Why One Expert Thinks That's The Right Move","source":"Yahoo! News","description":"Dr. Rosemary Kelanic, the director of the Middle East Program at Defense Priorities, joined \"Forbes Newsroom\" to discuss the continued standoff over the Strait of Hormuz.","publishedAt":"2026-08-25 20:52:06"},{"url":"https://tass.com/world/2177663","title":"Top Iranian diplomat hails agreement with Oman of Hormuz as example of regional solutions","source":"Тасс","description":"Iranian Foreign Minister Abbas Araghchi emphasized that \"Iran’s commitment to peace and stability goes hand in hand with ongoing diplomatic work with neighboring states\"","publishedAt":"2026-08-25 20:36:00"},{"url":"https://www.aljazeera.com/news/2026/8/25/new-us-sanctions-signal-trump-desperation-on-iran-experts-say","title":"New US sanctions signal Trump desperation on Iran, experts say","source":"Al Jazeera","description":"Economic escalation is unlikely to force the Iranian government to capitulate to US demands, according to experts.","publishedAt":"2026-08-25 20:34:49"},{"url":"https://www.foxnews.com/politics/secret-service-aware-iranian-video-threat-targeting-barron-trump-agency-says","title":"Secret Service aware of Iranian video threat targeting Barron Trump, agency says","source":"Fox News","description":"A video aired on Iranian state media depicts locations tied to Barron Trump and offers a suggested $10 million reward for his exact location.","publishedAt":"2026-08-25 20:34:22"}],"lastUpdated":"2026-08-26T10:23:21.902Z"},"timestamp":"2026-08-26T10:23:21.902Z"}