A senior adviser to Iran’s Supreme Leader Mojtaba Khamenie has asserted that Tehran holds the legal right to manage the Strait of Hormuz, one of the world’s most strategically important oil shipping routes, as nuclear negotiations between Iran and the United States enter a crucial phase.Mohsen Rezaei, a former chief of Iran’s Islamic Revolutionary Guard […]
Iran is seeking to tighten its grip over the Strait of Hormuz during the fragile two-week ceasefire, proposing an unusual system that would require oil tankers to pay transit tolls in cryptocurrency while undergoing strict scrutiny.Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said Tehran intends to monitor every vessel moving […]
As the Middle East war has stretched beyond a month, energy prices have soared sharply, sending ripples across the globe. Iran’s chokehold of Strait of Hormuz has pushed fuel costs higher, hitting energy supplies for major economies. The impact is visible in multiple sectors in India, with higher costs of fuel and petrochemical products feeding […]
