LONDON: If you’d never heard of the Strait of Hormuz before, you probably have by now. Iran’s effective closure of the waterway, which usually carries about 20% of the world’s oil and gas, has
TEHRAN: Iran’s Revolutionary Guard Corps (IRGC) said that its navy has turned back three container ships attempting to pass through the strait of Hormuz on Thursday. The IRGC said the ships of “different nationalities”
HAMBURG: The escalating conflict in the Middle East and the blocking of the Strait of Hormuz is set to become a major operational challenge for ship maintenance and safety, and not just for those
NEW DELHI : As the war in West Asia entered its fourth week with no signs of a let-up, Prime Minister Shri Narendra Modi spoke to Iranian President Masoud Pezeshkian on Saturday, flagging growing
TEHRAN: Iran on Sunday warned that the strategic Strait of Hormuz would be “completely closed” and the energy infrastructure of Israel and the Gulf countries in the region that host American bases would be
LONDON: Naval escorts for oil tankers and other merchant vessels through the Strait of Hormuz have limited power to restore the free flow of shipping through the critical chokepoint, as they cannot eliminate risk,
TEHRAN : Iran is ready to let Japanese-related vessels pass through the Strait of Hormuz, a vital artery for global oil supplies, Kyodo news reported, citing Iranian Foreign Minister Abbas Araqchi. Tehran has started
MARSEILLE: CMA CGM is deploying emergency multimodal solutions for its customers to support supply chains in the United Arab Emirates and the northern Gulf (Iraq, Bahrain, Qatar, Kuwait) without transiting through the Strait of
NEW YORK: The ongoing West Asia crisis has not yet triggered a sharp market correction, but risks to energy-dependent economies like India could intensify if disruptions in the Strait of Hormuz persist, according to
NEW DELHI: The ongoing conflict in the Middle East and the effective closure of the Strait of Hormuz since the start of March have introduced a stagflationary risk to the global economy, according to