The ministry said in a statement that “there have been no casualties to date” among the 24 crew members on board, including six South Koreans and 18 foreign nationals. “The cause of the explosion and fire, as well as the specific extent of the damage, are being investigated,” it said. Data from tracking site MarineTraffic […]
The United Arab Emirates will break away from the OPEC and OPEC+ oil cartel to focus on “national interests”, it said in a statement on Tuesday, a bombshell announcement as energy prices have risen due to the Middle East war. The United Arab Emirates, one of the world’s top oil producers, which has previously disrupted […]
White House press secretary Carolyn Leavitt said Witkoff and Kushner would visit Pakistan on Saturday “to engage in talks with representatives of the Iranian delegation.” “The Iranians reached out, as the President asked them to do, and asked for this in-person conversation,” Leavitt said, adding that the talks “hopefully will get the ball moving toward […]
Even if hostilities end and the blockade is lifted, it could take months to clear the waterway of mines, according to the Pentagon’s assessment, The Washington Post reported, citing officials familiar with the discussions. The assessment stated that such an operation was unlikely to begin before the end of the war. The six-month estimate was […]
The United Kingdom Maritime Trade Operations Center said, “The owner of a container ship reported that an IRGC gunboat approached the ship… which fired on the ship, causing heavy damage to the bridge. There are no reports of fires or environmental impacts.” It said the incident occurred 15 nautical miles northeast of Oman and all […]
The Islamic Republic of Iran and the People’s Republic of Bangladesh enjoy long-standing, friendly and fraternal relations based on mutual respect and shared values. A press statement from the Embassy of the Islamic Republic of Iran in Dhaka said that the Islamic Republic of Iran reaffirms its firm commitment to the principle of non-interference in […]
IRGC gunmen fired on the tanker north-east of Oman, the UK Maritime Trade Operations Center (UKMTO) said in an online statement, adding that the ship and crew were safe. Vanguard identified the tanker as the India-flagged tanker Sanmar Herald.It quoted the captain as saying that two IRGC patrol boats approached him without any radio contact […]
Prices had fallen early in the session as further talks between the US and Iran were possible over the weekend and a 10-day ceasefire between Lebanon and Israel raised investors’ hopes that the war in the Middle East could be ending. Addressing a key point in the talks, Trump said that Tehran had offered not […]
“However, Iran’s military did not allow the ship to pass through Hormuz. After receiving instructions to turn back, we are returning to our previous location in the Persian Gulf,” he said. Earlier in the night, Bangladesh Shipping Corporation Managing Director, Commodore Mahmudul Malek told Prothom Alo that the Banglar Joyjatra had entered the Strait of […]
Oil prices were already falling on expectations of a negotiated end to the conflict, and the decline intensified on Friday, sending stocks higher as traders’ optimism. Late Friday, the US issued another waiver allowing the sale of Russian oil and petroleum products already at sea, which is likely to further soften oil prices as supplies […]
Oil prices fell more than 10 percent and stock markets jumped on Friday after Iran said the Strait of Hormuz would remain “fully open” for the remainder of its armistice with the United States. Iran’s Foreign Minister Abbas Araghchi said on X that “the route through the Strait of Hormuz has been declared completely open […]