Tag: strait
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Oil falls as supply moves through Strait of Hormuz after Iran war pact
NEW DELHI, June 19 : Oil prices fell on Friday as prospects brightened for more supply after oil tankers began moving through the reopening Strait of Hormuz following a peace deal between the United States and Iran.By 0328 GMT, Brent crude futures fell 43 cents, or 0.54 per cent, to $79.42 a barrel and U.S.…
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Japan, South Korea stocks hit records as oil prices fall
Oil tankers have started sailing through the Strait of Hormuz after the United States lifted its blockade on Iran on Thursday as an interim deal to end the three-month war took effect.
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German military prepares for possible mine-clearing mission
Following the tentative deal with the US, Iran is planning to reopen the Strait of Hormuz. The German Bundeswehr is planning to assist with the mine-clearing.
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Bowen: US-Iran deal raises inescapable question of what the war was for
While the human cost is clear, the Iranian regime has not just survived the war, it has been empowered.
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Weapons, money and ships: How is this Iran deal different from others?
BBC Verify examines how the new deal between the US and Iran affects three key areas.
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Oil falls to lowest since start of Iran war after ceasefire deal signed
LONDON, June 18 : Oil prices fell 2 per cent on Thursday to their lowest since the first trading day of the Iran war, as a U.S.-Iran interim deal to end the war, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.59, or…
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Does the Iran war diminish US superpower status?
The US is still unrivaled in its ability to project military strength around the world, but Iran’s success in blocking the Strait of Hormuz has raised tough question on America’s role as protector of global trade.
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Sigh of relief in Africa as the Strait of Hormuz ‘reopens’
A potential US-Iran agreement could lower energy-, fertilizer- and food prices in Africa if the Strait of Hormuz fully reopens. Oil exporters such as Nigeria and Angola might have to cope with less revenue, experts say.
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Three reasons ships are not sailing through the Strait of Hormuz yet
Experts say that there are significant obstacles preventing traffic from returning to the levels seen before the conflict began – security, mines and tolls.
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Mines in the Strait of Hormuz: How dangerous are they?
There are still mines in the Straight of Hormuz, delaying the opening for commercial shipping. How dangerous are naval mines, and what can be done to clear them?
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