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 […]
The Liberian-flagged bulk carrier Christiana passed Iran’s Larak Island at about 1600 GMT on Monday after unloading 74,000 tons of corn at the Iranian port of Bandar Imam Khomeini in the Gulf, Kpler data shows. A second ship, the Comoros-flagged tanker Elpis, was near Larak Island around 1100 GMT and cleared the strait around 1600 […]
Unpopular with the war domestically and facing political blowback from rising energy prices, Trump halted the US-Israeli bombing campaign last week after threatening to destroy Iran’s “entire civilization” unless it reopened the strait. The ceasefire, which halted US-Israeli strikes and firing from Iran across the Gulf in response, largely held in its first week despite […]
The ceasefire that has stopped US and Israeli airstrikes for six weeks appears to be in danger, with only a week left. US military Central Command said the blockade “will be enforced impartially against ships of all nations” entering or leaving Iranian ports in the Gulf and the Gulf of Oman. “The blockade will not […]
The President’s latest ultimatum appears to have resulted from the failure of talks to secure an agreement to end the six-week-old war. Iran’s refusal to give up its nuclear program frustrated the US delegation led by Vice President J.D. Vance, White House envoy Steve Witkoff and Trump’s son-in-law Jared Kushner. “I have always said, from […]
In a second message minutes later, Trump said that “very soon, you will see the oil flowing, with or without Iran’s help.” The US leader accused Tehran of doing “a very poor, some would say, disgraceful job of allowing oil to go through the Strait of Hormuz” in a flurry of social media posts. “This […]
In Pakistan, officials were preparing for the first round of US-Iran talks on Saturday aimed at resolving the conflict that began with the US and Israeli attacks on Iran on February 28. Iran on Wednesday issued a 10-point proposal to resolve the war that included maintaining control over the Strait of Hormuz, acknowledging Iran’s right […]
As of 12:00 p.m., the ship had departed from Saudi Arabia’s Ras Al Khair port and was anchored off the outer anchorage of Dammam port, moving at a speed of 8.3 knots, according to the MarineTraffic website. The draft of the ship measures 10.8 metres. “We were out of the outer anchorage of Dammam port […]