WASHINGTON : US President Donald Trump on Monday met his national security team to discuss Iran’s latest proposal to open the Hormuz Strait, the crucial waterway for transporting one-fifth of the global oil supplies.
ABU DHABI : The first liquefied natural gas shipment since the war in the Middle East began two months ago appears to have traversed the Strait of Hormuz to exit the Persian Gulf. The
HAMBURG : Germany is sending naval units to the Mediterranean in preparation for possible deployment in an international mission in the Strait of Hormuz. “We will deploy a minesweeper to the Mediterranean and provide
NEW DELHI : One Indian seafarer was among the crew of a vessel which was detained by Iran amid rising tensions in the Strait of Hormuz, raising concerns within the government over the safety
PANAMA CITY : The war in the Middle East has boosted demand to move vital cargo through the Panama Canal to such an extent that one vessel carrying liquefied natural gas (LNG) paid $4
TEHRAN : Iran’s IRGC claimed it seized two containerships, MSC Francesca (red) and Epaminondas (yellow), as the vessels attempted to pass the Strait of Hormuz on Wednesday (Image taken 1100 hrs April 22). Two
NEW DELHI : Less than a tenth of India’s exports routed to countries linked to the Strait of Hormuz may face difficulty finding alternative markets in the event of prolonged disruption, while the bulk
TEHRAN : Three vessels – two cargo ships and a fuel tanker – appeared to be attempting to transit the Strait of Hormuz early on Tuesday as US and Iranian blockades remained in place.
TEHRAN : If anything, the ongoing conflicts in the Middle East have reaffirmed the intensified weaponization of the trade routes. The Strait of Hormuz is closed, the Bab al-Mandab Strait is vulnerable to Somalian
The war with Iran has laid bare one of the global economy’s most exposed fault lines. For nearly two months, traffic through the Strait of Hormuz has all but stopped and the countries that