Since the outbreak of the Iran war, about 2,000 ships have been stuck in place, unable to cross the Strait of Hormuz. Experts warn that once they leave, they might spread algae, fish and crustaceans across the ocean, damaging delicate ecosystems worldwide
The MSCI All-World index was up 0.13% to trade around record highs, as markets from Tokyo to Seoul traded at or near all-time peaks, underpinned by avid demand for anything AI-related.
New proposals seek to compensate Tehran for war damage and reopen the Strait of Hormuz while sidestepping core disputes over uranium enrichment, but Iran appears in no hurry to compromise
Practical discussions on Iran and Qatar negotiating the release Iran's frozen funds, and Tehran persuading Oman to jointly manage Hormuz traffic, could yield tangible achievements for Iran and may say more about genuine progress toward an agreement than any statement
After a ship was reportedly seized near the UAE and another attacked off Oman, a senior Iranian official said Tehran would not give up the Strait of Hormuz 'at any price,' while Iran's judiciary defended seizing U.S.-linked oil tankers in the strategic waterway
France and Britain have been working on a proposal for a Strait of Hormuz deal with Iran for several weeks, aiming to lay the groundwork for safe transit through the Strait once the situation stabilizes or the conflict is resolved
While Trump introduced operation 'Project Freedom,' to help ships stuck in the Strait of Hormuz exit it, Tehran said navigation in the strait must be carried out in coordination with its military and warned the U.S. Navy not to approach or enter the strait
A senior Iranian military official issued the warning hours after Donald Trump signaled dissatisfaction with a new Iranian truce proposal submitted Thursday, which called for reopening the Strait of Hormuz in exchange for lifting the U.S. blockade of Iran
With Washington tightening a maritime blockade and threatening strikes, Tehran is betting its sanctions-hardened 'resistance economy' can outlast U.S. pressure, turning the Strait of Hormuz standoff into a test of endurance
A group of around 20 ships, including container ships, bulk carriers, and tankers, was seen moving in the Gulf towards the exit via the Strait of Hormuz, according to ship tracking data.
A group of around 20 ships, including container ships, bulk carriers, and tankers, was seen moving in the Gulf towards the exit via the Strait of Hormuz, according to ship tracking data.
Iran's foreign minister said the Strait of Hormuz, the world's most vital oil shipping route, is 'completely open' for commercial vessels; Trump said a U.S. blockade remains and that Iran has agreed 'never' to close the Strait of Hormuz again
Europe had not fallen below 29 days of jet fuel cover since 2020, but some countries are now under 20. Airlines are cutting flights, raising fees and trimming routes as officials warn shortages could disrupt peak summer travel if supplies through the Strait of Hormuz remain blocked
The UK Maritime Trade Operations agency said transit passage through the Strait of Hormuz to or from non-Iranian destinations is not reported to be impeded by the measures, though vessels may encounter a military presence
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