Latest News, Updates & Breaking Headlines
Twenty crew members have been rescued, while three remain missing after a Thai cargo vessel was struck by unknown projectiles in the Strait of Hormuz, Thailand’s Transport Ministry said on Wednesday.According to the ministry, the crew abandoned the vessel in a lifeboat after the incident and were later rescued by the Omani navy. Authorities said…
Iran shipped millions of barrels of crude oil, all to China, through the Strait of Hormuz despite escalating tensions in the region following the outbreak of the US-Israel war with Iran on February 28, which has disrupted broader maritime traffic through the key energy corridor.At least 11.7 million barrels of Iranian crude have passed through…
The United Nations on Tuesday warned of “significant risks” to global trade and development, including higher food prices and cost-of-living pressures, if the Strait of Hormuz remains closed amid the ongoing Middle East conflict.A report by the UN Conference on Trade and Development (UNCTAD) said the military escalation following US–Israeli strikes on Iran and Tehran’s…
Confirmed, deleted, and then clarified. After Donald Trump‘s aide claimed in a boastful tone that the American navy had “successfully escorted” an oil tanker through the troubled Strait of Hormuz, the post was quickly deleted. The White House later clarified that the United States had not escorted any oil tanker through the key waterway, which…
The United States military has destroyed several Iranian vessels believed to be capable of laying naval mines near the strategic Strait of Hormuz, according to the US central command, as concerns grow around Tehran’s attempt to disrupt shipping in the critical waterway.In a post on X, the United States central command (CENTCOM) said US forces…
White House spokesperson Karoline Leavitt Tuesday clarified that US Navy did not escort a tanker through the Strait of Hormuz at this time but added that it remains an option that the president will utilize if and when necessary. Hours before Leavitt’s press conference, US energy secretary Chris Wright claimed that the US military provided…
NEW DELHI: India is considering sending naval ships to escort its vessels through the Strait of Hormuz amid the ongoing Middle East tensions, according to a report by The New York Times.The report said the move is being examined following requests from Indian shipowners seeking protection for commercial vessels navigating the strategic waterway. Iran’s Huge…
The ongoing crisis in the Middle East has brought the Strait of Hormuz to the brink of closure, disrupting global oil supplies and forcing Gulf nations like UAE, Iraq and others, to slash production. With storage tanks filling rapidly, analysts warn of the growing risk of a total production shutdown if output is not carefully…
Saudi Arabia’s oil company Saudi Aramco, the world’s largest oil exporter, warned on Tuesday that the ongoing Iran war could have “catastrophic consequences” for global oil markets if shipping disruptions in the Strait of Hormuz continued.“There would be catastrophic consequences for the world’s oil markets and the longer the disruption goes on, the more drastic…
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…
