Browsing Tag
Strait of Hormuz
84 posts
US Increases Sanctions on Iranian Oil and Crypto Operations
The United States has widened sanctions against Iran, targeting the oil network of Mohammad Hossein Shamkhani and freezing $130 million in digital assets linked to the Central Bank of Iran.
Global Oil Costs Surge 14 Percent to $84 Following Breakdown of US-Iran Truce
Oil prices jumped 14 percent to $84 per barrel as US-Iran hostilities resumed and the Strait of Hormuz was closed to shipping, boosting Nigeria's export outlook.
US conducts fourth wave of air strikes against Iran
US Central Command confirmed a fourth wave of air strikes against Iranian military targets near the Strait of Hormuz to protect commercial shipping.
Trump’s shifting stance on Hormuz tolls highlights difficulty in concluding Iran conflict
Donald Trump's rapid withdrawal of a proposed 20% shipping fee in the Strait of Hormuz reflects the ongoing challenges of his strategy to end the protracted war with Iran.
Trump abandons 20% Strait of Hormuz levy as US restarts blockade on Iranian ports
President Trump has scrapped a planned 20% tax on Strait of Hormuz shipping in favor of new investment deals with Gulf states, even as the US resumes its naval blockade of Iran.
Strait of Hormuz tensions intensify as US-Iran accord falters
The tentative truce between Washington and Tehran is fracturing, with the critical Strait of Hormuz at the center of a deepening diplomatic and military standoff.
President Trump Abandons Proposed Tolls for Hormuz Shipping
President Trump has dropped plans for a 20 percent shipping toll in the Strait of Hormuz, opting to seek trade and investment deals with Gulf allies instead.
US Initiates Iran Strikes and Plans Naval Blockade of Hormuz
The United States has launched new strikes against Iran and plans to blockade the Strait of Hormuz, prompting Iranian retaliatory attacks on regional allies and escalating tensions despite ongoing diplomatic efforts.
US conducts third round of airstrikes targeting Iranian positions
For the third night in a row, the US military launched airstrikes against Iran, as President Trump warns of additional action amid ongoing tensions regarding the Strait of Hormuz.
UAE Reports Fatal Iranian Missile Strike on Two Vessels in Strait of Hormuz
A missile attack by Iran on two tankers in the Strait of Hormuz has killed one crew member and injured eight others, according to the UAE government.