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Keywords: Strait of Hormuz
Polish Prime Minister Donald Tusk warned Friday that the Middle East war could intensify in the coming days, citing intelligence shared by allied nations as the U.S.-Israeli military campaign against Iran approaches the one-month mark. "I have reason to believe, including on the basis of information......
Airlines worldwide are increasing ticket prices, adding fuel surcharges, and reducing routes as jet fuel costs have nearly doubled since the outbreak of war involving Iran on February 28. Industry analysts describe the situation as the most severe disruption since the COVID-19 pandemic. Jet fuel prices......
Iranian state media reported Thursday that over one million fighters stand organized for ground combat against American forces amid rising speculation of a U.S. offensive on Iran's southern coast and the strategic island of Kharg. Tasnim news agency, affiliated with the Revolutionary Guards, warned......
The United Arab Emirates has expressed its willingness to participate in a multinational maritime initiative aimed at restoring navigation through the strategically vital Strait of Hormuz, according to international media reports. The proposed operation would involve a coalition of countries working......
The U.S. dollar traded near 99.6 on Thursday. Ongoing war between the United States and Iran drives investors to safe-haven assets. The dollar index rose early in the session amid uncertainty over the conflict and the Strait of Hormuz closure. Iranian forces declared the waterway shut on March 4, disrupting......
Pakistan has publicly acknowledged its role as a key mediator transmitting messages between the United States and Iran amid efforts to end a month-long war. Foreign Minister Ishaq Dar stated on X that indirect talks are underway, with Islamabad relaying communications, including a 15-point US proposal......
Iran has likely collected hundreds of millions of dollars in additional oil revenue since the U.S.-Israeli military campaign began on February 28, exploiting its unique position as the only major Persian Gulf producer still able to ship crude through the Strait of Hormuz. The windfall represents a central......
Sultan Al Jaber, director general of ADNOC, delivered some of his sharpest remarks yet against Iran's grip on the Strait of Hormuz during an intensive week of speeches and meetings in the United States, describing the weaponisation of the waterway as economic terrorism against all nations and warning......
US and Israeli military strikes on Iran since February 28 have thrown Asia's $19 billion used car export industry into disarray. Ships avoid the Middle East, stranding cargoes at sea and overwhelming ports from Sri Lanka to China. Dealers feel the impact acutely. Umar Ali Hyder Ali runs Yokohama-based......