Iran allows only “friendly nations” including India and Pakistan to transit through the Strait of Hormuz as tensions rise amid the ongoing US-Israel conflict, raising concerns over global oil supply disruptions.
Weeks of conflict brought Gulf shipping to a standstill. Now, COSCO is quietly reopening cargo bookings to the UAE and GCC. Trade is creeping back, but one wrong move in the region could shut it all down again.
Read MoreUncertainty surrounds possible Iran war negotiations as the U.S. signals progress toward a deal, while Iran denies talks and military tensions continue across the Middle East.
Read MoreIran faces a critical deadline from Donald Trump to reopen the Strait of Hormuz, as threats of attacks on power infrastructure intensify fears of a wider Middle East war involving Israel, Lebanon, and global oil markets.
Read MoreDonald Trump’s shifting strategy regarding the Strait of Hormuz has sparked global concern, as escalating threats against Iran’s power infrastructure raise questions about U.S. war planning, legal implications, and the risk of broader geopolitical instability.
Read MoreAn Indian-captained oil tanker safely reached Mumbai after crossing the tense Strait of Hormuz amid rising Middle East conflict, highlighting ongoing risks to global oil supply routes.
Read MoreRising Gulf tensions linked to the ongoing regional conflict have pushed global oil prices higher, driven by concerns over shipping risks near the Strait of Hormuz. As crude benchmarks climb, UAE petrol prices may see upward pressure in upcoming monthly reviews, potentially impacting transport costs and overall living expenses.
Read MoreOil and gas prices climb sharply after Iran threatens shipping through the Strait of Hormuz, triggering global market turmoil and inflation fears.
Read MoreIran has claimed the Strait of Hormuz is closed and threatened to attack passing vessels, escalating regional tensions and driving oil prices sharply higher.
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