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Tag: Strait of Hormuz

Opinion

Macron warns Iran against tolls on Strait of Hormuz

French President, Emmanuel Macron, on Monday cautioned Iran against introducing tolls on maritime traffic passing through the Strait of Hormuz, insisting that “everything” must be done to prevent any charges on vessels using the strategic waterway. This comes after Iran’s Fars news agency reported that Tehran had inserted a clause on maritime service fees into […]

Oil and Gas

Oil prices fall as US-Iran deal reopens Hormuz Strait

Oil prices fell sharply on Monday while global equities rallied after the United States and Iran announced a deal to end their conflict and reopen the Strait of Hormuz, easing fears of supply disruptions. According to AFP, the two countries confirmed the agreement following a mediation effort by Pakistan, with a formal signing ceremony expected […]

News

Trump, Iran nearing historic deal to reopen Strait of Hormuz

Donald Trump has announced that the United States and Iran are close to finalising an agreement aimed at ending tensions between the two countries, with discussions now focused on concluding the final details. In a statement issued late Saturday, Trump said the proposed deal would include the reopening of the Strait of Hormuz, a key […]

Oil and Gas

Iran threatens tariffs on Strait of Hormuz internet cables

Iran has threatened to impose tariffs on Strait of Hormuz submarine cables, which are crucial for the region’s digital economy. After a sustained blockade of the Strait of Hormuz and leaving the world scrambling for oil and energy supplies, Iran’s Islamic Revolutionary Guard Corps demanded “protection fees” from foreign cable operators to provide them with […]

featured Oil and Gas

Iran sets up new body to manage Strait of Hormuz

Iran’s top security authority said on Monday it has established a new body to oversee operations in the Strait of Hormuz, a strategic waterway Tehran has effectively restricted and is now seeking to impose charges on vessels passing through. In a post on its official X account, the Supreme National Security Council announced the creation […]

News

Strait of Hormuz closed only to our enemies — Iran

Iran has said the Strait of Hormuz is open to shipping from all friendly countries and closed only to its “enemies”. The war in Iran has turned the Strait of Hormuz into a choke point so critical that one misstep could rattle every economy on Earth. “From our point of view, the Strait of Hormuz […]

featured Transportation

EU explores alternative gulf energy routes amid US-Iran war

The ongoing Iran conflict and resulting disruption to global energy flows have pushed the European Union to explore alternative energy transport routes in the Middle East, as soaring oil and gas prices strain member states and expose vulnerabilities linked to the Strait of Hormuz. European Commission President Ursula von der Leyen said the bloc is […]

News

Iran refuses to reopen Strait of Hormuz amid US naval blockade

Iran has officially vowed not to reopen the Strait of Hormuz for as long as a United States naval blockade remains active. This defiance persisted into Thursday despite an extension of the ceasefire, with the Gulf nation announcing it had seized two ships attempting to navigate the strategic waterway. United States Central Command reported late […]

Maritime

Iran seizes two vessels in Strait of Hormuz

Iran’s Islamic Revolutionary Guard Corps on Wednesday announced that its naval forces intercepted two vessels attempting to cross the Strait of Hormuz and redirected them to Iranian territorial waters, heightening tensions around one of the world’s most critical maritime routes. In a statement, AFP reported that the Guards disclosed that the operation took place earlier […]

Business featured

Fraudsters demand crypto for safe passage through Strait of Hormuz – Report 

Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to several shipping firms, according to Reuters on Tuesday, citing a maritime security company. Greek risk advisory firm MARISKS said unidentified individuals posing as Iranian officials contacted companies with vessels stranded west of the strategic waterway, demanding transit […]

Oil and Gas

Tankers turn back as Hormuz crisis deepens shipping chaos

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington imposed separate blockades, with Iranian vessels continuing to test the United States shutdown, tracking data showed Monday. Iran announced on Friday that it would reopen the strategic waterway, but the United States did not reciprocate for vessels going to and […]

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