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US builds coalition to reopen Hormuz as oil prices spike and Iran tensions escalate fast
International
Published on 30 April 2026
Fuel fears grow as Trump weighs fresh strikes on Iran
The US is reportedly assembling an international coalition to reopen the Strait of Hormuz, a critical shipping route now closed amid heightened Iran tensions. With the waterway shut, global crude prices are surging and fuel supplies face pressure. Diplomatic efforts have stalled, while President Trump considers further military strikes; Pakistan is mediating talks for a potential deal.
- US moves to form an international coalition to reopen Hormuz
- Closure risks fuel supply shocks as crude prices surge
- Diplomacy has stalled with fresh military options under consideration
- Pakistan is mediating potential talks between sides
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times