Hormuz naval escorts will not ensure vessel transits through Hormuz: IMO head
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,
Iran ready to let Japanese vessels transit Strait of Hormuz,
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
CMA CGM starts bypassing Hormuz by deploying emergency multimodal solutions
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
West Asia crisis impact limited so far, but risks rise if Strait of Hormuz disruption prolongs: Jefferies
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
Middle East conflict raises stagflation risks for global economy, Asia, Europe more vulnerable: Report
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
Sri Lanka announces 4-day work week, declares Wednesdays off to save fuel amid Hormuz crisis
COLOMBO : Sri Lanka has moved to a four-day workweek as part of emergency measures to conserve fuel reserves amid a deepening global energy crisis triggered by tensions around the Strait of Hormuz. According
Middle East Conflict: Straits of Hormuz Transits remain 95% Down
LONDON: Clarksons Research, the data and analytics arm of the Clarksons Group have been closely monitoring shipping activity and markets impacted by the conflict. Summarising their latest update issued on Monday at 10.00 am
Iran’s FM Abbas Araghchi says Strait of Hormuz open but bars US, Israel-linked vessels
TEHRAN: Iran’s Foreign Minister Abbas Araghchi has said that the strategically vital Strait of Hormuz remains operational for international shipping, but vessels linked to the United States and Israel are not permitted to pass