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
The Financial Times reported that the Gulf states aim to create a new network of pipelines, roads, and railways to stop relying on the Strait of Hormuz.
The Financial Times reported that the Gulf states aim to create a new network of pipelines, roads, and railways to stop relying on the Strait of Hormuz.
NATO Secretary-General Mark Rutte reportedly insisted that key U.S. allies in Europe issue a statement vowing support for reopening the Strait of Hormuz, which they had previously deemed impossible so long as the Iran war continues
Shipping data from Lloyd's List shows most vessels crossing the Strait of Hormuz belong to Iran's sanctions-evading shadow fleet; while one Pakistani-flagged tanker passed earlier this month, none did so during the period cited by Donald Trump
A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.
A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.
Since Iran began blocking ships from passing through the Strait of Hormuz, U.S. President Donald Trump has demanded that allied countries ensure its security. Tehran's decision to block the strait has significantly disrupted energy supplies and global trade, raising fears of wider economic fallout
Despite destroying much of Iran's navy, the U.S. has yet to secure the Strait of Hormuz, where Tehran uses fast boats, mines, shore missiles, and unmanned vessels to maintain leverage over global oil flows and strike commercial shipping with deadly asymmetric tactics
IEA member states approved the release of 400 million barrels from strategic oil reserves to mitigate the impact of a potential Iranian blockade of the Strait of Hormuz.