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Strait of Hormuz

Iran

Why the Strait of Hormuz is crucial to global oil and maritime trade

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Iran

US-flagged tanker challenged by Iranian gunboats in Strait of Hormuz

The Stena Imperative was approached by small armed vessels belonging to Iran's Revolutionary Guards, but continued on its way as planned.

Iran

Explosions reported in Iran, Israel denies involvement

A powerful explosion rocked the southern Iranian port city of Bandar Abbas earlier today. Reports are coming in of more explosions.

Iran

Iranian navy seizes 'foreign' oil tanker in the Strait of Hormuz

Authorities detained 16 foreign crew members but did not reveal their nationalities or the tanker's flag, Tehran-run state media reported.

Economy

China to build 'Suez Canal' railroad to connect Europe and Asia

China is quietly building alternative routes to help it export goods to Europe, without passing through its South Sea, to avoid tensions with the United States and its allies in the region.

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Markets

Israel Iran conflict highlights Asia's dependence on Middle East oil

A blockade of the Strait of Hormuz could affect a number of Asian countries, making renewable energy capacity a crucial guard against volatility.

Europe in Motion

How crucial is the strait of Hormuz to the global energy market?

Although Israel and Iran's ceasefire which came into force on Tuesday removed the pending threat of the Strait of Hormuz's closure, this is not the first time that Iran has said it would block it.

Europe News

China calls for efforts to defuse tensions over Strait of Hormuz

Chinese foreign affairs spokesperson issued an appeal during a press briefing in Beijing following US calls for China to intervene with Iran on the vital global waterway.

Economy

What would happen if the Strait of Hormuz were closed?

This narrow shipping route in the Gulf region sees one-fifth of global oil and liquefied natural gas (LNG) passing through, fuelling a big part of the global economy. And Iran controls its northern side.

Markets

The dollar sees a rebound after US strikes Iran, but can it continue?

The greenback may rise further if Iran decides to block the Strait of Hormuz, while the value of safe-haven alternatives like the euro and the yen are predicted to slide.

Europe News

What’s at stake for Europe if the Strait of Hormuz is blocked?

Iran is considering closing the Strait of Hormuz, but what would that mean for Europe and what is at stake if it happens?

Green News

Greenpeace warns of disaster after tanker crash near Strait of Hormuz

Greenpeace said it had reviewed satellite imagery that showed a plume of oil stretching up to about 1,500 hectares from the crash site.

Markets

How could Iranian drones potentially threaten European oil?

Iran has recently equipped its Revolutionary Guard’s navy with drones to increase surveillance in the Strait of Hormuz as the country continues to export drones to Russia.

Iran

Iranian navy ship sinks after catching fire

Iranian officials offered no cause for the incident, which comes after a series of mysterious explosions targeting ships in the region since 2019.

World News

South Korean tanker was boarded by armed Iran Guard forces

The latest maritime seizure by Iran came ahead of negotiations over Iranian assets frozen in South Korean banks and amid increased tensions with the West over its nuclear program.

Iran

'Iran to release seven crew members of detained tanker'

The ships owner has welcomed 'this positive development', but no release date has been confirmed by Iranian authorities. 16 crew members will remain on board to maintain the vessel's safe operation.

USA

US warns it will destroy any Iranian drone too close to its ships

The United States has warned it will bring down any Iranian drones that fly too close to its ships, following a string of incidents on the world's most vital oil shipping route.