Keywords: Strait of Hormuz


Marco Rubio meets Giorgia Meloni amid tensions between Rome and Washington

Marco Rubio met Italian Prime Minister Giorgia Meloni in Rome amid growing diplomatic tensions between Italy and the United States over security issues and the conflict in the Middle East. The meeting took place following recent criticism directed at the Italian leader by former U.S. President Donald......

South Korea investigates ship fire in Strait of Hormuz amid regional tensions

South Korean authorities have launched an investigation into an explosion and fire aboard the cargo vessel HMM Namu after the incident occurred near the strategically important Strait of Hormuz, a key global shipping route in the Middle East. The vessel, operated by HMM Co. Ltd., was later towed safely......

Iran threatens UAE will "pay the price" after explosions rock Qeshm island

Explosions struck the Iranian island of Qeshm and the port city of Bandar Abbas overnight on Thursday, prompting state-aligned Iranian media to accuse the United Arab Emirates of conducting a hostile act and to warn that Abu Dhabi would face consequences if its involvement were confirmed. The incident......

France rules out lifting Iran sanctions amid ongoing Strait of Hormuz tensions

France has stated that it will not consider lifting sanctions on Iran as long as tensions persist over the Strait of Hormuz, a key global shipping route for oil and energy supplies. French Foreign Minister Jean-Noël Barrot emphasized that the reopening and free navigation of the strait is essential......

CMA CGM vessel hit in Strait of Hormuz amid rising regional tensions

A container ship operated by CMA CGM has been struck while transiting the Strait of Hormuz, highlighting escalating risks to global shipping amid ongoing tensions in the Middle East. The vessel sustained damage, and several crew members were reported injured before being evacuated for medical treatment. Strategic......

Iran war drives global inflation surge as central banks reverse course

Two months into the conflict in the Middle East, the economic fallout from the war in Iran has spread well beyond energy markets, rippling through petrochemicals, manufactured goods, food, and consumer products as companies pass rising costs onto buyers and central banks around the world prepare to tighten......

UAE air defenses intercept Iranian missiles and drones amid Gulf escalation

The United Arab Emirates issued an emergency alert on Sunday warning residents of potential missile threats before declaring the situation under control, as Iranian strikes against Gulf targets enter a new phase within a broader confrontation between Tehran and Washington over the Strait of Hormuz. The......

Iranian supertanker carrying $220 million in crude breaks through US naval blockade

An Iranian supertanker loaded with more than 1.9 million barrels of crude oil has successfully navigated past the American naval blockade and reached Southeast Asian waters, in one of the most direct challenges yet to Washington's efforts to choke off Tehran's petroleum exports. The vessel, a......

Oil shock and Wall Street euphoria put global economy on recession watch

Global economies may be sleepwalking toward a deep recession even as American stock markets continue to set records, according to a warning from Amrita Sen, founder of Energy Aspects, who described the resilience of equity markets in the face of one of the worst oil supply shocks in history as "misplaced......