Iranian authorities officially launched Persian Gulf Strait Authority
Tehran is expanding its control over the Persian Gulf and the Strait of Hormuz through the creation of administrative and economic structures.
Tehran is expanding its control over the Persian Gulf and the Strait of Hormuz through the creation of administrative and economic structures.
Freight rates on the Shanghai to Gulf and Red Sea route hit record highs this week, surpassing even the peaks reached during the Covid-19 pandemic, Financial Times reported, citing sources.
Many EU countries have supported a Saudi initiative to conclude a non-aggression pact between Iran and other Middle Eastern nations, viewing the proposal as the best way to prevent future conflicts in the region.
Safe navigation in the Strait of Hormuz is under threat due to the US’ and its allies’ violation of the ceasefire and the introduction of a maritime blockade of Iran, Parliament Speaker Mohammad Bagher Ghalibaf said.
U.S. President Donald Trump has declared he believes oil prices will drop “very rapidly” once the conflict with Iran is over.
The U.S. military has redirected 50 merchant ships since the establishment of the naval blockade of Iran on April 13, the Central Command of the US Armed Forces (CENTCOM) said.
Russian Foreign Minister Sergey Lavrov and Egyptian Foreign Minister Badr Abdelatty discussed the situation in the Middle East in a telephone conversation on Monday, the Russian Foreign Ministry said.
Iran’s Islamic Revolutionary Guard Corps (IRGC) announced “new rules” over the country’s coastline in the Gulf and the Strait of Hormuz.
Gulf Cooperation Council Secretary General Jasem Mohamed Albudaiwi said that GCC states have rejected Iran's illegal measures to close the Strait of Hormuz and obstruct navigation through the waterway.
A tanker carrying liquefied natural gas (LNG) has traversed the Strait of Hormuz to exit the Persian Gulf for the first time since the start of the conflict between the U.S. and Iran, Bloomberg reported.
Iran’s Islamic Revolutionary Guard Corps (IRGC) is prepared to damage undersea internet cables lying on the seabed of the Strait of Hormuz, a move that could trigger severe economic consequences for the countries of the Middle East.
The Pentagon is considering an operation in the Strait of Hormuz. The US intends to destroy Iranian military vessels and eliminate the threat from the shore.
The integration of the Persian Gulf region with the Middle Corridor may become one of the defining trade routes of the future, according to Azerbaijan Railways (ADY), Deputy Head of the Marketing Department at ADY Ziya Mammadov said.
The Gulf Cooperation Council (GCC) has called on the UN Security Council to facilitate a resolution of the situation around the Strait of Hormuz. Arab countries emphasize that the priority is to guarantee the safety of ships transiting the strait.
Russia sees Saudi Arabia and other Gulf nations as good friends and would like to boost cooperation with them, Kremlin Spokesman Dmitry Peskov said.
Iran may create a real threat to the Bab al-Mandeb Strait if the enemy resorts to military actions on the Iranian islands or further escalates the ongoing conflict, Tasnim reported, citing its military source.
Iranian military personnel established contact with the tanker
The region believes the Iranian war has reached its midpoint
He also called on BRICS to act independently regarding US and Israeli military actions against Iran
Even if the Strait of Hormuz is completely unblocked in the coming days, the three-week gap in oil and LNG supplies will need to be compensated for over several months, if not years