Tag: Strait of Hormuz
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Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery
Shipping traffic through the strategically vital Strait of Hormuz is recovering one week after the U.S. and Iran signed an interim peace deal.
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CPTPP ministers welcome US-Iran deal, urge safe passage through Strait of Hormuz
The ministers also reaffirmed plans to expand the trade pact and strengthen supply chain resilience.
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Gulf states weigh living side by side with Iran as Tehran weaponises Hormuz
As the frontline countries paying the largest price for the Iran war, pressed by severe economic urgencies, the Gulf states are beginning their own firm process towards regional stability with rival Iran, while Tehran continues weaponising the Strait of Hormuz to sow division with its neighbours.
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Nasdaq falls again on mixed day for US stocks, oil prices rise
Apple shares fell after price increases, while Micron rose on strong AI-related earnings.
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Hormuz evacuation suspended after attack in Gulf of Oman: UN
The evacuation of about 11,000 stranded mariners in the Strait of Hormuz has been paused after an attack on a ship in the Gulf of Oman.
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Projectile hits cargo ship in Hormuz as Iran issues renewed warning
The British military said a cargo ship on the new Omani UN-backed route sustained bridge damage from a projectile, hours after the IRGC warned that vessels without Iranian permission were transiting “illegally”.
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IRGC warns ships over Hormuz routes as Rubio draws line on tolls
The IRGC warned that any vessel navigating outside Tehran’s designated routes was acting illegally, directly rejecting Oman’s newly announced temporary corridor, as Rubio told a GCC meeting the US would not accept fees regardless of how they are framed.
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Oil prices fall to prewar levels on rising Middle East supply
Flows through the Strait of Hormuz were close to those before the start of the Iran war, says US Energy Secretary Chris Wright.
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Rubio warns Hormuz tolls would ‘spread like contagion’ to other waterways
Tehran has said it plans to impose what it calls maritime service fees, as opposed to tolls.
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Hormuz confusion deepens as Iran and US clash over who controls it
Trump said Tehran had promised no tolls or charges in the strait, hours after Iran and Oman announced a joint permit system asserting their authority over the waterway. Rubio flew to Abu Dhabi to reassure Gulf allies, as analysts warned control over Hormuz would be a major strategic victory for Iran
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