•Global Chief Executive of Shell Plc, Wael Sawan The blockade of the Strait of Hormuz has led to global energy disruptions “never seen before”, the chief executive of British oil giant Shell said today. More than 10 per cent of global oil production has been removed from the market since the start of the Middle […]
•Trump and a vessel near Strait Of Hormuz The United States Treasury has announced sanctions against Iran’s Persian Gulf Strait Authority, Tehran’s new agency that collects fees for travelling through the strategic Strait of Hormuz. “The Iranian military’s latest attempt to extort global maritime trade is proof that Economic Fury has left the ...
Oil prices fell, and Asian stocks climbed today over hopes that a deal between the United States and Iran to open the Strait of Hormuz could be brokered. The price of North Sea Brent crude and West Texas Intermediate slipped close to five percent to $99.41 and $92.49 a barrel, respectively, reports AFP. The United […]
•A vessel around the Strait of Hormuz A South Korean oil tanker is currently passing through the Strait of Hormuz, the country’s top diplomat said today. “At this very moment, our oil tanker is passing through the Strait of Hormuz,” Foreign Minister Cho Hyun told lawmakers at the National Assembly in Seoul, reports AFP. … […]...
•China’s President Xi Jinping (L) looks at US President Donald Trump as they attend a state banquet at the Great Hall of the People in Beijing, today US President Donald Trump and his Chinese counterpart Xi Jinping held a “good” meeting today in which they agreed that the Strait of Hormuz “must remain open”, the […]
•Gambia-flagged tanker vessel Bili anchored in the Strait of Hormuz off Bandar Abbas in southern Iran The United States says while it is “not looking for a fight” with Iran over the contentious Strait of Hormuz, it would not shy away from any confrontation. Pentagon chief Pete Hegseth said today that any Iranian attack on […]
Tensions have sharply escalated in the Middle East as Iran announced the closure of the Strait of Hormuz, accusing the United States of violating prior understandings amid an ongoing naval blockade. In a statement today, the Islamic Revolutionary Guard Corps (IRGC) declared that control of the strategic waterway had “returned to its previous s...
•Trump and crude oil Global oil prices plunged by about 10 per cent today after U.S. President Donald Trump confirmed that the strategic Strait of Hormuz has been reopened to commercial shipping, easing fears of prolonged supply disruptions. The announcement followed a statement by Iran’s Foreign Minister Abbas Araghchi, who declared that the ...
•Trump and US Navy US President Donald Trump ordered the US Navy yesterday to block key Gulf sea lane the Strait of Hormuz, furious with Iran’s refusal to surrender its nuclear ambitions after peace talks broke down without agreement. In response, Iran’s Revolutionary Guards warned they have traffic in the strategic waterway under full control...
•A vessel around the Strait of Hormuz Iran announced alternative routes today for ships travelling through the Strait of Hormuz, citing the risk of sea mines in the main zone of the vital waterway. Tehran has agreed to temporarily reopen the Strait, through which one-fifth of the world’s oil usually passes, as part of a […]
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