Strait of Hormuz
One Killed in Attack on Iranian Commercial Vessel in Strait of Hormuz
One person was killed and three others injured in an attack on an Iranian commercial vessel near Hengam Island and the Shiv Deraz coast of Qeshm Island in the Strait of Hormuz, Al Jazeera reported, citing Iran’s state broadcaster IRIB. Qeshm Governor Hossein Amir Teymouri said the casualties occurr
Houthis take control of Bab al-Mandab, raising global energy market concerns
Iran-backed Houthi rebels have taken full control of Yemen’s strategically vital Bab al-Mandab Strait and Perim Island in the Red Sea after Saudi-backed government forces withdrew, AFP reported, citing local government officials and eyewitnesses. Houthi fighters are now positioned along the strait’s
Trump backs down on levy on Hormuz ships
US President Donald Trump said Tuesday he was scrapping a planned levy on ships transiting the Strait of Hormuz a day after he announced it, and replacing the fee with trade deals with Gulf allies. Trump said his sudden decision to withdraw the toll -- which he imposed amid fresh clashes with Iran
Brent crude price jumps 5% after fresh US strikes on Iran
Oil prices surged on Tuesday after the United States launched a fresh wave of strikes on Iran and President Donald Trump vowed to reimpose a naval blockade. International benchmark Brent North Sea crude climbed 5.1 percent to $87.51 a barrel, while the main US benchmark, West Texas Intermediate, ad
