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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…
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…
US President Donald Trump, on Tuesday, warned Iran of severe consequences if it attempts to disrupt oil shipments through the strategically vital Strait of Hormuz. In a strongly worded statement, Trump said that any move by Tehran to block the flow of crude through the key global shipping route would trigger a much stronger response…
NEW DELHI: A shipping lobby group and a state-run oil company on Friday sought security escort for vessels moving in and out of the Strait of Hormuz, the channel for oil and gas supply from West Asia, while also suggesting access through other ports, such as Yanbu in Saudi Arabia, to ensure uninterrupted flow of…
The Strait of Hormuz, a critical global shipping route, is also emerging as a vulnerable corridor for undersea internet cables as tensions in West Asia escalate.The passage controls about a third of India’s westward internet traffic, and experts say this capacity cannot be easily rerouted because alternate routes have limited supply.The deteriorating security situation has…
