Strait of Hormuz

UAE to build two terminals to reduce Hormuz reliance

The UAE's DP World will develop two new container terminals in Fujairah on the United Arab Emirates' eastern coast, the global ports operator said as ​the Gulf state works to reduce its dependence on the Strait of ‌Hormuz amid the Iran war.

US signals openness to talks with Iran

U.S. Secretary of State Marco Rubio said that the United States was still willing to pursue diplomacy and that Iran had sent signals directly and through mediators that it wanted to negotiate.

US launches new attack on Iran

US forces launched another wave of attacks on Iran on Tuesday afternoon, with the operation lasting 90 minutes.

IMF assesses timeframe for oil market recovery

Restoring normal oil supply volumes from the Middle East will take two to three months even if shipping through the Strait of Hormuz is fully restored, according to a new analytical note published on the International Monetary Fund's (IMF) blog.

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