StraitOfHormuz

Iraq Says Has 'Understandings' to Bypass Hormuz Blockade

Baghdad's oil ministry said Tuesday it has "understandings" with the United States and Iran to reduce the impact of the blockade of the Strait of Hormuz on Iraqi oil exports. The ministry did not elaborate or say when these reported understandings were reached. But Iran announced earlier this month before the fragile ceasefire was reached last ...

Ceasefire Efforts Collapse as Iran Rejects Talks: Report

Efforts to broker a ceasefire between the United States and Iran have collapsed, as Tehran rejected direct engagement with Washington and regional mediation initiatives stalled, signaling a deepening deadlock as the war enters its sixth week. According to The Times of Israel, Iran has informed mediators it will not participate in proposed talks ...

Trump Says U.S. ‘Close to Finishing the Job’ in Iran War, Says More Strikes Ahead

Israel said it came under Iranian missile fire on Thursday after U.S. President Donald Trump threatened to bomb the Islamic republic into the "Stone Ages" with heavy strikes in the next two to three weeks. In a speech from the White House, Trump sought to reassure war-weary Americans that the military campaign that began on February 28 was coming ...

War Creating 'Largest' Oil Shock in History as Iran Hits New Gulf Targets

The Middle East war is creating the biggest oil supply shock in history, the International Energy Agency warned Thursday, as Iran launched a new wave of attacks against Gulf energy targets that sent prices spiking above $100 a barrel. Images from Bahrain showed thick smoke rising after a strike on fuel tanks in Muharraq, with residents told to ...

Iran Targets Commercial Shipping

Iran intensified pressure on global energy markets Wednesday by targeting commercial shipping in the Strait of Hormuz, while major economies moved to release strategic oil reserves to counter mounting supply fears as the Middle East war entered its second week.  Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had struck two commercial ...

Iran Accuses U.S. and Israel of Striking Maritime Ambulance in Strait of Hormuz

Iran accused the United States and Israel on Wednesday of striking a maritime ambulance vessel in the strategic Strait of Hormuz, an allegation that, if confirmed, could further escalate tensions in one of the world’s most critical energy corridors. According to Iran’s Mehr news agency, the vessel was hit by missiles while docked at ...

Cargo Vessels Hit as Iran Threatens to Close Gulf Oil Chokepoint

Three commercial ships took fire in the Gulf on Wednesday as Iran launched strikes against its oil-exporting neighbors, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis. Oil prices have surged and markets have seesawed since the end of last month, when the United States and Israel attacked Iran, ...

Iran’s Revolutionary Guards Claim “Full Control” of Strait of Hormuz as Oil Traffic Plunges

Iran’s Islamic Revolutionary Guard Corps (IRGC) announced Wednesday that it has taken “full control” of the Strait of Hormuz, the critical maritime chokepoint through which a significant share of the world’s oil supply passes. According to Iran’s Fars News Agency, senior IRGC naval official Mohammad Akbarzadeh said ...