U.S. President Donald Trump has claimed that Iran recently allowed a number of oil tankers to pass through the strategically vital Strait of Hormuz, describing the move as a possible sign of shifting dynamics amid escalating conflict and fragile diplomatic efforts. Speaking during a Cabinet meeting, Trump said Iran permitted up to ten oil tankers […]
Importers across the Gulf are scrambling to reroute shipments of food, medicines and industrial goods after the closure of the Strait of Hormuz triggered one of the most severe supply chain disruptions in decades. The shutdown of the narrow waterway a critical passage linking the Persian Gulf to global shipping lanes has effectively halted a […]
Governments across Asia, Europe and Africa are rushing to shield their economies from the growing fallout of the war involving Iran, as global oil prices surge to their highest levels in years and financial markets react with sharp volatility. Energy markets were jolted Monday after escalating fighting in the Middle East raised fears of major […]