Tag: strait
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Iran offers US deal to reopen Strait of Hormuz in seven days
Asked about the Iranian offer, a US official said discussions were taking place through mediators.
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The Iran war is spreading in the Middle East and Trump has yet to find a way out
Washington, Tehran and the Gulf states continue to pursue different objectives while searching for a way to end the Iran war.
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Why is the Bab al-Mandab Strait so important?
The BBC’s Frank Gardner explains why the narrow waterway is key to oil transportation and the world economy.
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Oil falls to two-week low as Gulf supply outlook improves
LONDON, Sept 22 : Oil prices fell to a two-week low on Tuesday as prospects for increased oil supplies from the Gulf eased market concerns, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port of Yanbu.The Brent crude futures…
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Oil falls 1% after reports suggest Iran could reopen Hormuz within seven days
LONDON, Sept 22 : Oil prices fell on Tuesday after reports that Iran said it could reopen the Strait of Hormuz within seven days if the US takes initial steps to ease military pressure, easing concerns over disruptions to a key global oil shipping route.The Brent crude futures November contract fell 89 cents,
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Strait of Hormuz attacks spill oil into Persian Gulf
As war disrupts one of the world’s busiest shipping lanes, satellite images reveal that oil is spreading toward protected coral reefs and mangrove forests.
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How the Houthis are also putting Egypt under pressure
The Houthis, a Yemeni rebel group, are expanding their control of maritime corridors in the Red Sea area. Their target is their avowed enemy Saudi Arabia. But the military moves also endanger Egypt.
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Two sailors missing after tanker attacked in Strait of Hormuz, Oman says
Iran says El Gaia caught fire after hitting mines, but the US says the oil tanker was struck by a missile and then a drone.
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Yemen’s Houthis attack Saudis, seize crucial Red Sea islands
Iran-backed Houthi rebels have tightened their grip on a key shipping route, capturing two strategic Red Sea islands. The closure of another global transport route is the latest ripple effect of the US war with Iran.
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How global trade and oil prices could be hit by Houthi advance
Yemen’s Houthis have seized territory near the Bab al-Mandab Strait – a key trade gateway for oil and global shipping.
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