Shipping traffic through Hormuz at virtual standstill despite ceasefire, data shows - Reuters

Shipping traffic through Hormuz at virtual standstill despite ceasefire, data shows  Reuters

Iran Deputy Minister Says Ships Need Army Consent to Pass Hormuz - Bloomberg.com

Iran Deputy Minister Says Ships Need Army Consent to Pass Hormuz  Bloomberg.com

A first non-Iranian oil tanker crosses the Strait of Hormuz since the ceasefire

The MSG, sailing under the Gabonese flag, became on Thursday the first non-Iranian oil tanker to navigate this route since the fragile US-Iran truce took effect.

Trump warns strikes will resume if Iran doesn't agree to his peace terms

President Trump said that any peace deal would not allow nuclear enrichment in Iran, and would need to keep the Strait of Hormuz open, as conflicting messages surface over the terms of the ceasefire.

By NPR Staff

Iran: Strait of Hormuz open with restrictions

Iran’s Deputy Foreign Minister says the Strait of Hormuz is open but ships must coordinate with Iranian forces.

NATO chief signals allies may act on Hormuz, warns of ‘unhealthy codependence’ on US

Rutte signals a possible coalition to secure the Strait of Hormuz after meeting Trump, but the White House says NATO was tested and already failed.

Iran attacks on crucial Saudi pipeline and production facilities slash kingdom's oil output

The damage to Saudi infrastructure will only compound the disruption to global oil supplies trigged by Iran's attacks on tankers in the Strait of Hormuz.

Hormuz toll debate: China experts propose ‘innovative’ solutions as impasse persists

While the world remains divided over the unresolved issue of toll collection in the Strait of Hormuz, some Chinese experts have proposed pegging fees to oil prices or using exportable digital tokens from China for settlements. If tolls were to be imposed in this strategic chokepoint for global energy trade, settlement mechanisms could be “innovative”, said Wang Yiwei, director of the Institute of International Affairs at Renmin University. “Tolls and settlements could be tied to oil prices or...

By He Huifeng

Iran casts doubt on US talks after Israel strikes Lebanon

The two-week truce between the US, Israel and Iran has started showing cracks amid disagreements on Lebanon's inclusion in the ceasefire. Israel has said it will continue to strike Hezbollah. Follow DW for more.

Here’s how much money Iran can make charging tolls on one-fifth of the world’s seaborne oil

Iran doesn’t stand to make much money with traffic through the Strait of Hormuz nearly at a standstill, but it can rake in billions in Chinese yuan, or hundreds of millions in U.S. dollars per month, once the transit of tankers through the crucial waterway is restored to normal.

By Myra P. Saefong

Iran’s Strait of Hormuz toll: Modern piracy contrary to international law

A hypothetical peace agreement authorizing the Islamic Republic to collect a navigation fee to finance the country’s reconstruction would be illegal and discriminatory, according to four legal experts

By Vera Gutiérrez Calvo

UAE oil chief Sultan Ahmed Al Jaber: 'The Strait of Hormuz is not open'

Will gold rise to Rs 1.65 lakh/10 grams & silver touch Rs 2.70 lakh/kg?

Gold and silver price prediction today: Both gold and silver prices are seeing some bullish bias and are likely to see a steady rise in the coming days, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.

By TOI BUSINESS DESK

India rushes Jaishankar, Puri to West Asia amid fragile ceasefire to shore up energy stability

By Shubhajit Roy, Sukalp Sharma

15 ships a day, subject to approval: Curbs remain on Hormuz strait as Iran regulates despite ceasefire

Iranian minister said that while Hormuz is open, each tanker and vessel needs to make “necessary arrangements” with the military to pass.

Hormuz at near standstill as Iran warns ships to keep to its waters

Mitsui O.S.K. Lines, one of Japan’s big three shipping firms, is among those caught up in the confusion as firms try to work out what impact the US-Iran two-week ceasefire is having.

Iran's Approval, 15 Ships A Day: Strait Of Hormuz Opening Comes With Caveats

Tehran is demanding that its blocked overseas assets be unfrozen before the two-week period is up.

Safe passage mechanism in development for Strait of Hormuz, says IMO

The temporary truce in the Middle East and the agreement on safe passage through the Strait of Hormuz have brought some relief to hundreds of seafarers stranded in the region, with both the International Transport Workers’ Federation (ITF) and the International Maritime Organisation (IMO) making clear that the priority now is the safe transit of civilian shipping.  Welcoming the ceasefire, IMO secretary-general Arsenio Dominguez said […]

FM Cho expected to hold phone talks with Iranian counterpart following U.S.-Iran ceasefire deal

Foreign Minister Cho Hyun is expected to speak by phone with his Iranian counterpart later Thursday, officials said, with stranded South Korea-related vessels in the Strait of Hormuz likely to top the agenda following the US-Iran ceasefire. It will be Cho's second phone conversation with Iranian Foreign Minister Abbas Araghchi in just over two weeks, and comes a day after US President Donald Trump's announcement of the two-week cease fire agreed with Tehran. Seoul has been weighing measures that

By The Korea Herald

'No strings attached': UAE minister calls for Strait of Hormuz to be opened unconditionally

Dr Sultan Al Jaber's remarks come after Singapore Foreign Affairs Minister Vivian Balakrishnan said the country will not negotiate for safe passage through the strait as doing so would undermine fundamental principles of international law.

Iran's supreme leader vows ‘new phase’ in Hormuz management, demands war compensation

Message marks 40 days since Khamenei killing, calls it a historic blow and painful moment for Iran

By Anadolu Agency

Iran's Khamenei signals new phase in Strait of Hormuz control

Mojtaba Khamenei said Tehran is entering a “new phase” in managing the Strait of Hormuz, indicating a potential shift in the country’s strategic approach to the key waterway.

Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media

Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media Despite the positive development of a shaky US-Iran ceasefire holding, the reality is that Tehran still maintains de facto control over the vital Strait of Hormuz waterway. A mere few vessels passed without incident on Wednesday, before Iran's military closed the strait again, citing Israel's massive attacks on Lebanon. The Associated Press has emphasized Thursday, "Iran's approval system for ships grant...

By Tyler Durden

Oil prices jump back toward $100 on Mideast ceasefire doubts

Oil prices jumped and most stock markets fell Thursday as investors weighed the prospects of a shaky Middle East ceasefire and a re-opening of the Strait of Hormuz, crucial to restoring oil and gas shipments. The post Oil prices jump back toward $100 on Mideast ceasefire doubts appeared first on Vanguard News.

By Ayobami