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2026March › 24

Strait

4 months ago

Tehran tells IMO member nations that vessels must co-ordinate with it to pass through vital waterway
Prediction market bettors aren't confident that the vital Middle Eastern oil passageway will reopen anytime soon.
Iran is holding the world economy hostage by blockading the Strait of Hormuz, said Shaikh Nawaf Al-Sabah, the CEO of Kuwait Petroleum Corporation.
The export halt comes amid a global supply crunch following the closure of the Strait of Hormuz, through which 24% of the world’s ammonia, ​an ingredient of ammonium nitrate, passes.
Posts from an Iranian embassy account appeared to mock the US president, joking about 'joint control' of the Strait of Hormuz.
The five-mile-long territory, located 15 miles from the Iranian coast in the Strait of Hormuz, processes more than 90 per cent of Tehran's crude oil exports and is vital in funding the country's war …
British officials say the security conference could be held in London or Portsmouth.
Countries around the world are scrambling to save fuel as the vital oil pathway of the Strait of Hormuz remains at a standstill.
Sultan Ahmed Al Jaber, CEO of the UAE's state-owned oil company, said the Strait of Hormuz must re-open to resolve the supply shock.

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