Explore

Iran Seizes Ships in Strait of Hormuz as U.S. Blockade Continues Amid Ceasefire

Iran Seizes Ships in Strait of Hormuz as U.S. Blockade Continues Amid Ceasefire

Iran's Revolutionary Guard attacked and seized multiple ships in the Strait of Hormuz, challenging the U.S. naval blockade and ceasefire extension. The attacks occurred after President Trump extended the ceasefire, aiming to give Iran time to present a unified proposal. Iran's actions have put peace talks in jeopardy, with the country accusing the U.S. of violating the ceasefire by blockading Iranian ports. The situation has led to international concern over oil prices and global market stability.

Explainer-Hormuz crisis throws spotlight on world's largest 'chokepoint' - the Malacca Strait

Explainer-Hormuz crisis throws spotlight on world's largest 'chokepoint' - the Malacca Strait

BANGKOK, April 23 (Reuters) - The closure of the Strait of Hormuz has forced policymakers in Asia to face questions over the security of other maritime chokepoints, including the Strait of Malacca, which is the world's busiest waterway for international trade. WHAT IS THE MALACCA STRAIT?

A look at China's behind-the-scenes role in Iran war diplomacy

A look at China's behind-the-scenes role in Iran war diplomacy

China's behind-the-scenes role in efforts to de-escalate the Iran conflict has been gaining attention

Iran Claims Receipt of Hormuz Toll Payments Amidst International Tensions

Iran Claims Receipt of Hormuz Toll Payments Amidst International Tensions

Iran has announced that it is receiving payments for allowing ships to pass through the Strait of Hormuz, a critical maritime chokepoint. According to Iranian officials, the first revenues from these tolls have been deposited in the country's central bank, although details on the payers and amounts remain undisclosed. The tolls, reportedly ranging from $1 million to $2 million per vessel, are said to vary based on cargo type and risk level. This development follows months of speculation about Iran's intentions to charge for passage through the strait, a move that could significantly impact global oil prices.

More confusion looms over Strait of Hormuz after Iran attacks three ships near waterway

More confusion looms over Strait of Hormuz after Iran attacks three ships near waterway

Confusion is deepening in the Strait of Hormuz after Iran attacked three ships near the crucial waterway that has plunged the world into an energy crisis

Asian Shipowners May Cross Hormuz First Amid Ceasefire, Navigating Sanctions and Risks

Asian Shipowners May Cross Hormuz First Amid Ceasefire, Navigating Sanctions and Risks

Shipping executives at the FT 'Commodities - Global Summit' indicated that Asian shipowners, with greater risk tolerance, may soon begin sailing through the Strait of Hormuz despite a fragile ceasefire between the U.S. and Iran. Asian companies can pay tolls more easily than Western firms, which comply with sanctions. Since February, hundreds of vessels have been stuck in the Middle East Gulf, causing significant energy supply disruptions. Some tankers managed to escape, but Iran halted movement by firing shots at other ships. Safety concerns and increased costs continue to affect the Hormuz trade, with the Advanced War Risk Premium set to rise.

Waiting for 'safe and sustainable' strait crossings, top shipping execs say

Waiting for 'safe and sustainable' strait crossings, top shipping execs say

By Florence Tan and Siyi Liu SINGAPORE, April 22 (Reuters) - Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world's sees much oil or cargo leave or enter the Gulf, two top sector executives said on Wednesday.

Iran attacks ship in Strait of Hormuz, complicating diplomatic efforts to resume talks

Iran attacks ship in Strait of Hormuz, complicating diplomatic efforts to resume talks

Iran has fired on a container ship in the Strait of Hormuz, damaging the vessel and complicating efforts to bring the United States and Iran together in Pakistan for talks to end the war

Analysis-Gulf worries US-Iran talks may cement Tehran's 'golden' grip on Hormuz

Analysis-Gulf worries US-Iran talks may cement Tehran's 'golden' grip on Hormuz

By Samia Nakhoul DUBAI, April 20 (Reuters)- - A warning by former Russian president Dmitry Medvedev has crystallised fears among Gulf states that reopening the Strait of Hormuz may be the most Iran-U.S. talks can achieve, falling short of the broader de-escalation they regard as vital.

The Latest: Officials signal movement on a second round of US-Iran ceasefire talks

The Latest: Officials signal movement on a second round of US-Iran ceasefire talks

There appears to be movement toward another round of U.S.-Iran ceasefire talks Tuesday as two regional officials tell The Associated Press that both countries have signaled a return to Pakistan for discussions

Oil falls on expectations US-Iran talks likely to proceed, opening supply

Oil falls on expectations US-Iran talks likely to proceed, opening supply

By Anmol Choubey April 21 (Reuters) - Oil prices fell on Tuesday, reversing gains in the previous session, on expectations peace talks between the U.S. and Iran will take place this week and allow more supply to flow from the key Middle East producing region.

Shipping Through Hormuz Strait Slows After Iranian Ship Seizure Raises Tensions

Shipping Through Hormuz Strait Slows After Iranian Ship Seizure Raises Tensions

Shipping activity through the Strait of Hormuz has significantly decreased following a recent escalation involving Iran and the United States. Over the weekend, Iran fired warning shots at vessels, and the U.S. military seized an Iranian cargo ship. This has led to a dramatic reduction in the number of ships passing through the strait, with only a fraction of the usual 130 vessels per day making the transit. The situation has been further complicated by the Trump administration's decision to renew a waiver on sanctions for Russian oil, allowing purchases to resume temporarily. This move comes amid fears that the ceasefire between the U.S. and Iran could collapse, as Iran has vowed retaliation and refused to engage in new peace talks.