10m ago Strait of Hormuz traffic falls to one-week low The number of vessels tracked transiting the Strait of Hormuz fell to a one-week low of eight, according to data reported by the Reuters news agency, as the ongoing conflict and stalemate kept shipping companies away from the vital waterway. Tuesday’s tally of eight…
Iran said on Monday that no negotiations with the United States were currently being held despite US President Donald Trump announcing earlier that the two sides were set to begin parleys later today. “Iran is not currently holding talks with the United States and is now in discussions with Oman over a temporary safe route…
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold on the strait drags on and oil prices surge — to over $100 per barrel for Brent Crude…
