Shipping traffic through the Strait of Hormuz has fallen to its lowest level in more than two months after a sharp increase in tanker attacks raised fresh concerns about the safety of the strategic energy corridor. Vessel Traffic Drops Sharply Data from shipping analytics firm Kpler showed that only seven commodity vessels passed through the […]
Washington Rejects Iran Proposal Over Demands for Upfront Economic Relief U.S. Ambassador to the United Nations Mike Waltz says the United States rejected Iran’s latest proposal to reopen the Strait of Hormuz after Tehran sought sanctions relief and access to billions of dollars in frozen assets before making commitments on its nuclear programme. According to […]
Iran has granted special permission for a number of Iraqi oil tankers to pass through the strategically vital Strait of Hormuz, providing limited relief to Iraq as shipping through the key energy corridor remains severely disrupted by the ongoing regional conflict. Iran’s state news agency reported that Tehran approved the passage following repeated requests from […]
U.S. President Donald Trump has abandoned his proposal to impose a 20% transit fee on ships passing through the Strait of Hormuz, announcing instead that the United States will pursue trade and investment agreements with Gulf nations as compensation for Washington’s role in securing one of the world’s most strategically important maritime routes. The policy […]
Attack near Oman raises fresh fears over maritime security despite fragile Iran ceasefire efforts The United Nations has temporarily suspended its ship escort and evacuation initiative through the strategically vital Strait of Hormuz after a cargo vessel came under attack near the coast of Oman, casting fresh doubt over efforts to stabilize one of the […]