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US-Iran agree to setup direct channel with IRGC to de-escalate conflict, says VP Vance

WASHINGTON DC: US Vice President JD Vance confirmed that the US and Iran have agreed to set up a direct deconfliction channel with military...

Iran, US set up “communication line” to avert military incidents in Hormuz as per MoU

TEHRAN: Iran and the United States on Friday have established a "communication line" in the Strait of Hormuz to prevent incidents that could escalate...

IRGC says transit through Hormuz only possible via routes approved by Tehran

TEHRAN: Iran's Islamic Revolutionary Guard Corps (IRGC) Navy on Friday said that transit through the strategic Strait of Hormuz would only be permitted through...

ABB to acquire Høglund to expand marine automation offering

ZURICH: ABB announced on Friday that it has entered into an agreement to acquire marine automation specialist Høglund AS, headquartered in Tønsberg, Norway. The...

IMO suspends Hormuz transits after Evergreen ship attacked

LONDON: The UN's International Maritime Organization announced that it would be pausing its plan to evacuate the Strait of Hormuz on Thursday, following a...

DP World surpasses 160,000 Tonnes of CO2e savings across UK Supply Chains

LONDON: DP World has helped customers cut more than 160,000 tonnes of CO2e savings from UK supply chains in less than three years, driven...

Iran told US “NO TOLLS” in Hormuz, “negotiations would end” on “false information”: Trump

WASHINGTON DC: US President Donald Trump has moved to stabilise global energy markets, announcing that Iran has provided formal assurances that it will not...

Over 1,200 ships, $125 billion in goods stuck as Hormuz closure rattles global trade: Report

TEHRAN: More than 1,200 cargo vessels carrying goods worth an estimated $125 billion have been stranded by the prolonged closure of the Strait of...

11 India-bound oil, gas, and fertiliser vessels cross Hormuz after US-Iran deal

NEW DELHI: Eleven merchant vessels carrying crude oil, gas and fertilisers to India have transited the Strait of Hormuz and two other ships have...

IMO announces evacuation plan in the Strait of Hormuz

Large scale operation to be carried out in cooperation with States and industry LONDON: Following the signing of the Memorandum of Understanding between the Islamic...
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