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US President Donald Trump on Wednesday (local time) suggested that countries facing fuel shortages during the ongoing war with Iran should either buy oil from the United States or take stronger steps to secure supplies, going to the Strait o Hormuz, themselves. Speaking in a prime-time address at 9 pm EDT from the White House’s…
Strait of Hormuz (AP photo) Will the UAE enter the Iran war and side with the US against Tehran? After being struck multiple times over the past month and with Iran tightening its grip on the crucial oil chokepoint – the Strait of Hormuz — Abu Dhabi has enough reasons to make an entry in…
A month into the Middle East conflict, global crude markets remain under strain, with prices rising nearly 50% since the United States and Israel launched strikes on Iran on February 28, triggering a strong response from Tehran. Oil prices had earlier surged to as high as $119 per barrel amid heightened tensions involving Iran, before…
Two liquefied petroleum gas (LPG) tankers, BW Elm and BW Tyr, are currently transiting the Strait of Hormuz en route to India, according to ship-tracking data from LSEG and Kpler cited by Reuters, signalling a cautious resumption of movements through the strategic waterway. Shipping through the Strait has been severely disrupted amid the ongoing US-Israeli…
Russian oil supplies to India could rise sharply, potentially doubling from January levels to account for at least 40% of India’s total imports. (AI image) As supply disruptions from the Strait of Hormuz continue due to the US-Iran war, India has stepped up its purchases of Russian crude oil. In fact, compared to the January…
US president Donald Trump on Friday winkingly referred to the Strait of Hormuz, the critical oil shipping route and a key choke point in the Iran war, as “Strait of Hormuz.”While speaking at the Future Investment Initiative in Miami Trump said, “Iran has to ‘open up the Strait of Trump, I mean, Hormuz,’” Trump said…
Kharg Island, left, and Qeshm Island US President Donald Trump is weighing several military options against Iran, with a focus on key islands in the Persian Gulf. The islands are strategically important because of their proximity to the Strait of Hormuz, a critical energy chokepoint, and their role in Iran’s oil industry and military defenses….
Two large Chinese-linked container ships made an abrupt U-turn near the Strait of Hormuz on Friday as Iran tightens its grip on one of the key passages for global shipping. Ship-tracking data showed the CSCL Indian Ocean and CSCL Arctic Ocean, both linked to China’s state-owned COSCO Shipping, attempted to leave the Gulf in the…
Iran is benefitting twofold from the sale of oil amid rising prices since the start of the war as it is the only country to transit the Strait of Hormuz. Tehran is estimated to have generated roughly $139 million per day from sales of this key blend so far in March, up from about $115…
(AI-generated image used for representation) The Strait of Hormuz is no longer just a shipping route and it has become a pressure point in a widening conflict in Middle East. As tensions escalate, this narrow stretch of water is now at the centre of a high-stakes standoff, where geography, military power and global energy flows…
