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Photos of the ship from September 13 indicate that the engine room was attacked and damaged by the projectile; the tanker had 25 crew members on board: 14 Indian and 11 Pakistani nationals.
Iranian Foreign Minister Abbas Araghchi will meet with his Chinese counterpart Wang Yi in China on Wednesday, amid stalled diplomatic efforts to de-escalate conflicts in the Middle East. The meeting comes during the countdown to Chinese President Xi Jinping’s visit to the United States for a summit next week with his US counterpart Donald Trump, when the war on Iran and disruption of energy shipments through the Strait of Hormuz are expected to be high on the agenda. Fighting has also erupted...
Iran’s Islamic Revolutionary Guard Corps (IRGC) said late on Monday that an oil tanker had struck a sea mine and exploded in the Strait of Hormuz. The tanker El Gaia was travelling along the southern route through the strait, which was mined by Iran, state broadcaster IRIB reported, citing the IRGC. The entire vessel went up in flames following the detonation of the mine, it said. The US military rejected that account. “The Panama-flagged oil tanker El Gaia was struck by an Iranian missile last...
The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.
Brent crude has risen above $100 a barrel as war in Iran disrupts shipping through the Strait of Hormuz.
Saudi Arabia is seeking to further boost oil supply through the Strait of Hormuz after attacks forced it to halt a key pipeline that’s been the main means of getting its crude to global markets during the Iran war, according to a person familiar with the matter.
The US-Israel war on Iran has shaken global energy markets and coal is no exception. Countries around the world are turning to the highly polluting source of power in a bid to avoid shipping disruptions in the Strait of Hormuz. According to the International Energy Agency, global coal demand is forecast to rise by 1.2% this year to a record 8.94 billion tonnes. FRANCE 24’s Environment Editor Valerie Dekimpe has the details in this edition.
Pakistan GasPort Chairman Iqbal Z. Ahmed highlights how the closure of the Strait of Hormuz has disrupted LNG supply chains, reshaping Pakistan’s demand outlook. He speaks with Haslinda Amin from the sidelines of 'Gastech Bangkok 2026'. (Source: Bloomberg)
An Iranian cargo vessel was struck off Qeshm Island in the Strait of Hormuz on Sunday, killing one person and wounding four, Iranian state media said. Tehran blamed a “terrorist enemy” for the attack, which came as threats to shipping intensified around the Hormuz and Bab el-Mandeb straits.
Iran plans to formally unveil an agreement on a temporary shipping lane through the Strait of Hormuz on Monday, after a flurry of diplomatic activity including a rare meeting between senior officials from Tehran and Abu Dhabi. The Islamic Republic is set to reveal to Gulf nations its agreement with Oman on a temporary new shipping lane, according to a person familiar with the matter. Negotiations on details such as the fees ships may be charged will continue between the two countries later, they...
Gulf states are weighing how to respond to Iran’s push for a new arrangement governing the Strait of Hormuz as continued attacks threaten shipping and drive up energy costs. On Bloomberg This Weekend, Bloomberg News Middle East Reporter Dan Williams and Bloomberg News White House Correspondent Skylar Woodhouse discuss growing regional frustration with the conflict, pressure on US allies and signs Gulf governments may be looking for a larger role in shaping a path forward. (Source: Bloomberg)
Iran and Oman have reached an agreement over new entry and exit routes for the Strait of Hormuz, Tehran said on Saturday.
Iran's Foreign Ministry says the meeting in Oman is to 'promote better understanding among the countries of the region'.
Iran’s Revolutionary Guard says its navy struck a US-operated surface drone at the entrance of the Strait of Hormuz.
Iraq is holding a tender to hire two or more oil supertankers to perform transits through the Strait of Hormuz, a step that would help to ensure the country’s crude exports while the waterway remains under military threat.
Donald Trump suggested renaming the Strait of Hormuz after himself during remarks on Iran, claiming theUS controls the key trade route and predicting lower oil prices. (Source: Bloomberg)
Oil extended gains as Iran vowed it was prepared for a more intense war after hostilities flared across the Middle East, heightening concerns about deeper disruptions to energy flows through the Strait of Hormuz.
Almost 100 anti-war activists protested on Wednesday outside the Sejong Centre in Seoul.
South Korea is inching closer to a potentially risky military role in the Strait of Hormuz after sending a fact-finding team to the Middle East, with Seoul weighing US pressure to contribute against the threat of Iranian retaliation. The mission underscores the dilemma Seoul faces over supporting a major security ally and avoiding being dragged into a conflict it did not start. Observers argue that any deployment should be delayed, limited and conducted through a broader coalition rather than...
Iran’s Revolutionary Guards said on Tuesday it had captured a US uncrewed submarine at the entrance to the Strait of Hormuz, offering a rare glimpse into how underwater drones are being used in military operations. Iranian state media said the vessel was a Dive-LD, a large autonomous underwater vehicle built by California defence firm Anduril. The 5.8-metre (19-foot) submersible can carry out missions including mine countermeasures, seabed mapping, intelligence gathering and the inspection of...
Oil extended gains after Fox News reported the US struck targets near Iran’s key crude export hub of Kharg Island, escalating hostilities and stoking fears of deeper disruptions through the Strait of Hormuz.
South Korea said on Tuesday it had sent a fact-finding team to assess the situation in the Strait of Hormuz, stressing no decision had been made about potential troop deployment to the strategic waterway. Traffic through the vital shipping route has been virtually paralysed since the US-Iran war began on February 28, disrupting global energy markets. The South Korean defence ministry said it had “dispatched a fact-finding team to assess conditions on the ground in the Strait of Hormuz”. “The...
Tokyo, Sept. 8 (Jiji Press)--Japanese Foreign Minister Toshimitsu Motegi on Tuesday strongly urged Iran to exercise maximum restraint over attacks on civilian vessels passing through the Strait of Hormuz, a key chokepoint for crude oil shipments. During phone talks with his Iranian counterpart, Seyyed Abbas Araghchi, Motegi expressed his concern about the continuing attacks on civilian ship...
Qatar's Foreign Ministry says Doha working towards diplomatic solutions to end US war on Iran.
Qatar on Tuesday vowed to prioritise China’s energy supply and safeguard shipments through the Strait of Hormuz, as both countries coordinated efforts to de-escalate Middle East tensions. During a meeting in Beijing, Chinese Foreign Minister Wang Yi and Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani stressed the importance of unimpeded maritime traffic through the waterway. Sheikh Mohammed affirmed Doha’s “support for all diplomatic efforts and endeavours...
An average of 10 ships transited Strait of Hormuz daily over past 10 days, the lowest level since May, Kpler data shows.
Oil extended gains as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz. Bloomberg's Michael Heath shares what we know so far. (Source: Bloomberg)
Oil extended gains as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, which could tighten Tehran’s control over the crucial waterway.
Oil prices spike to six-week highs as US-Iran strikes disrupt traffic in the crucial Strait of Hormuz.
Traffic through the Strait of Hormuz is nearing a standstill amid the Iran war. Now, Tehran says it’s finalizing a deal with Oman for a temporary, safe route through the strategic waterway.