The IMF warned that the situation at Hormuz could be similar to the one in Bab-al-Mandeb, where shipping lanes haven’t yet recovered ever since the first Houthi attack.
The IMF warned that the situation at Hormuz could be similar to the one in Bab-al-Mandeb, where shipping lanes haven’t yet recovered ever since the first Houthi attack.
The threat comes hours before the U.S. president's deadline for Iran to open the Strait of Hormuz, as he threatens to destroy Iranian power plants and infrastructure • Iran threatened that the entire region would 'fall into complete darkness'
The five vessels crossed the Strait of Hormuz since Thursday, shipping data showed, reflecting a change in Iran's policy to allow passage for vessels it deems friendly
'This Strait must be reopened … but only in consultation with Iran' French Prime Minister Macron said, as a French‑owned ship made the first passage since the war began, a rare transit through the Strait of Hormuz after months of disrupted global shipping
As the Iranian blockade of the Strait of Hormuz disrupts the global economy and sends oil prices skyrocketing, countries are trying to figure out how to reestablish trade flows without militarily forcing open the strait and without U.S. support
The Financial Times reported that the Gulf states aim to create a new network of pipelines, roads, and railways to stop relying on the Strait of Hormuz.
The Financial Times reported that the Gulf states aim to create a new network of pipelines, roads, and railways to stop relying on the Strait of Hormuz.
NATO Secretary-General Mark Rutte reportedly insisted that key U.S. allies in Europe issue a statement vowing support for reopening the Strait of Hormuz, which they had previously deemed impossible so long as the Iran war continues
Shipping data from Lloyd's List shows most vessels crossing the Strait of Hormuz belong to Iran's sanctions-evading shadow fleet; while one Pakistani-flagged tanker passed earlier this month, none did so during the period cited by Donald Trump
A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.
A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.
Since Iran began blocking ships from passing through the Strait of Hormuz, U.S. President Donald Trump has demanded that allied countries ensure its security. Tehran's decision to block the strait has significantly disrupted energy supplies and global trade, raising fears of wider economic fallout
Despite destroying much of Iran's navy, the U.S. has yet to secure the Strait of Hormuz, where Tehran uses fast boats, mines, shore missiles, and unmanned vessels to maintain leverage over global oil flows and strike commercial shipping with deadly asymmetric tactics
IEA member states approved the release of 400 million barrels from strategic oil reserves to mitigate the impact of a potential Iranian blockade of the Strait of Hormuz.
IEA member states approved the release of 400 million barrels from strategic oil reserves to mitigate the impact of a potential Iranian blockade of the Strait of Hormuz.
U.S. Pentagon chief said the U.S. 'has been eliminating inactive mine-laying vessels in the Strait of Hormuz, wiping them out with ruthless precision'; Trump threatened retaliation 'at a level never seen before' if Tehran targets the vital oil transit route
As South Korean and Japanese stocks plummeted due to concerns about supply disruptions in the Strait of Hormuz, Brent crude surged 26% to $116 per barrel on Monday.
As South Korean and Japanese stocks plummeted due to concerns about supply disruptions in the Strait of Hormuz, Brent crude surged 26% to $116 per barrel on Monday.