Strait of Hormuz
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Economy
Oil producers race to build alternatives to Hormuz as oil hits $100
Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.
Economy
Food inflation to soar due to energy and fertiliser crisis, UN says
Rising energy and fertiliser prices are likely to continue contributing to food inflation globally, the UN warned in its latest report. This in turn can drive up the cost of a healthy diet and threaten progress against global hunger.
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Djibouti
Special report: EU eyes wider mandate as Red Sea Houthi threat grows
In a special report from EU patrol ships in Djibouti, Kaja Kallas told Euronews that the 27-member bloc was discussing expanding Aspides' mandate and that ships pledged to a Hormuz coalition could be redeployed to the Red Sea in the interim.
Iran
Iran vows to 'crush' regional infrastructure if US strikes escalate
Iran said its response to any US strike on its infrastructure would result in destruction across the region, as multiple reports said Tehran had asked the Houthis to be ready to close the Bab el-Mandeb Strait, threatening a second global shipping chokepoint.
Iran
US resumes daylight strikes on Iran as tensions escalate over Hormuz
US Central Command said it has resumed daylight strikes on Iran, targeting coastal defences and missile sites. Tehran has reported casualties as tensions rise over a renewed blockade threat, calls for retaliation and the ongoing dispute over the Strait of Hormuz.
Iran
Trump reimposes US blockade and demands 20% Hormuz shipping fee
Trump declared the US would collect a 20% fee on all Hormuz cargo as "Guardian of the Strait," flipping the script on Iran's own toll demands, while US forces struck dozens of targets in Iran and the IRGC hit Bahrain, Jordan, Kuwait and Oman in the biggest exchange since the April ceasefire.
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