Iran says it will declare a new shipping route in the Strait of Hormuz in the coming days, as vessel traffic through the waterway has fallen to its lowest level since May, media reports said on Monday. Al…
Global oil prices fell by around 2.5 percent on Wednesday as renewed talks between Iran and Oman over navigation through the Strait of Hormuz raised hopes the strategic waterway could reopen.
Iran and Oman are continuing discussions on shipping routes through the Strait of Hormuz, while at least 11 people have been killed and 19 others wounded in Israeli strikes in southern Lebanon, a media report said on Sunday.
ran is seeking to use its control over the Strait of Hormuz to increase pressure on the United States and strengthen its position in any possible negotiations, while the approach also carries risks for Tehran, the Associated Press (AP) reported.
Japan’s prime minister has warned that disruptions to oil shipments through the Strait of Hormuz, amid rising tensions and conflict, have had an “enormous impact” on the Asia-Pacific region. According to Al Jazeera, Japanese Prime Minister Sanae Takaichi…
Donald Trump has announced that the United States will begin assisting commercial vessels stranded in the Gulf amid escalating tensions linked to the ongoing US-Israel conflict with Iran. According to a report by Reuters, the initiative is set…
Iran’s Vice President has said that security in the Strait of Hormuz is not free, adding that Iran’s oil exports cannot be restricted while others expect free security. On Friday, Iran’s Foreign Minister Seyed Abbas Araghchi wrote on…
Iran’s parliamentary National Security Commission has approved a proposal to impose tolls on vessels passing through the Strait of Hormuz, a media report said on Tuesday.
