Axios first reported on Sunday that the United States, Iran and regional mediators were discussing a possible 45-day ceasefire as part of a two-phase agreement that could lead to a permanent end to the war, citing US, Israeli and regional sources. Pakistan’s army chief, Field Marshal Asim Munir, has been in touch “throughout the night” […]
On Sunday, Trump stepped up pressure on Tehran by threatening in an expletive-laden Easter Sunday social media post to target Iran’s power plants and bridges on Tuesday if the strategic Strait of Hormuz is not reopened. Still, some ships, including an Omani-operated tanker, a French-owned container ship and a Japanese-owned gas carrier, transited the Strait […]
Since the conflict began with US-Israeli attacks on Iran, Tehran has effectively closed the Strait of Hormuz, through which about 20 percent of the world’s oil and gas transits. The closure has sent global oil prices soaring, but Trump said relief was on the way in the form of concessions from Iran, starting with the […]
Concerns are rising over fuel supplies in the country as many ships loaded with fuel have failed to arrive on time due to the ongoing conflict in the Middle East. Although the government is attempting to source fuel from alternative suppliers, assurances have been inconsistent, increasing uncertainty over whether supplies can be kept stable in […]
Iran’s military threatened on Sunday to completely close the strategically important Strait of Hormuz if US President Donald Trump acts on threats to target the country’s power plants. Trump has given Iran 48 hours to reopen the strait, which has been effectively closed since the war triggered by the US-Israeli bombing of Iran on February […]
“We call on Iran to immediately end its threats, planting of mines, drone and missile attacks, and other efforts to block commercial shipping through the strait,” it added. “Freedom of navigation is a fundamental principle of international law, including the United Nations Convention on the Law of the Sea. “The impact of Iran’s actions will […]
US President Donald Trump on Saturday urged other countries to send ships to help secure the Strait of Hormuz, a key choke point for global oil supplies disrupted by the Middle East war. Trump, who has said the United States will soon begin moving tankers through the strait, posted on Truth Social that “many countries, […]
During the same period, 1.51 million tonnes of crude oil was imported at a cost of about 105.03 billion taka, mainly from Saudi Arabia and the United Arab Emirates. Some fuel is also produced by processing condensate obtained from local gas fields. Overall, the Eastern Refinery produced about 1.496 million tonnes of petroleum products in […]
More drones have been reported flying over Kuwait, Iraq, the United Arab Emirates, Bahrain and Oman, undermining US and Israeli claims of destroying Iran’s long-range weapons stockpile. Additionally, a US military refueling plane crashed in western Iraq on Thursday, in an incident the US said also involved another aircraft but was not the result of […]
Still, daily freight rates for LNG tankers rose more than 40 percent on Monday after Qatar halted its production. Atlantic rates rose 43 percent on Monday to US$61,500 a day, or US$18,750 from Friday, according to Spark Commodities, a pricing agency for LNG shipping. Pacific rates rose 45 percent from Friday to US$41,000 per day, […]