Russian President Vladimir Putin on Monday (local time) warned that the US-Israeli war on Iran has pushed global energy markets into crisis, saying oil flows linked to the Strait of Hormuz could face a complete halt in the coming weeks. He also said Russia remains open to restoring long-term energy cooperation with European nations if […]
Our business reporter Peter Eavis looks at the global implications of the Strait of Hormuz, the narrow waterway to the south of Iran. He analyzes ship activity in the strait, comparing it before and after the United States and Israel initiated attacks on Iran. By Peter Eavis, Sutton Raphael, Leila Medina, Stephanie Swart, Blacki Migliozzi, […]
A police station lies in ruins after an airstrike in Tehran on Tuesday By Steven ErlangerThe Islamic Republic of Iran’s first priority is to survive. To do that, its leaders will want to drive up the cost of the war for President Trump – in terms of American casualties, costs and inflation – to try […]
An official with the European Union’s naval mission Operation Aspides said on Saturday that vessels transiting the Strait of Hormuz have been receiving radio messages stating that “no ship is allowed to pass the Strait of Hormuz”.The official, who spoke to Reuters on condition of anonymity, said the warnings were transmitted over VHF radio and […]
Iran on Saturday confirmed seizing a Marshall Islands–flagged oil tanker as the ship passed through the Strait of Hormuz, with the Islamic Revolutionary Guard Corps (IRGC) alleging the vessel was carrying an “illegal consignment.” A statement carried by the official IRNA news agency noted that “the tanker was taken to Iranian waters.” The IRGC added […]
Iranian forces warned off a US destroyer in the Gulf of Oman on Wednesday in a clash Tehran says forced the American vessel to retreat, reported the country’s state television, as cited by AFP.The incident took place about a month after US strikes targeted Iran during a conflict with Israel.State TV reported that an Iranian […]
Closing the Strait of Hormuz would block 21 million barrels of oil and 20% of global LNG exports daily, disrupting supplies from the UAE, Qatar, and other Gulf nations/ Image: (File) Tensions in the Middle East have once again spotlighted the Strait of Hormuz, a critical chokepoint in global energy supply. Amid rising friction between […]
