Iran sets crosshairs on ‘US-UAE’ oil shuttle out of Strait of Hormuz
The IRGC is hitting more ships allegedly part of a shuttle operation to move crude oil beyond the Strait of Hormuz.
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The IRGC is hitting more ships allegedly part of a shuttle operation to move crude oil beyond the Strait of Hormuz.
The escalating attacks are testing whether a rebound in crude oil exports from the Middle East can be sustained under high risk conditions.
Civil Aviation Authority says King Khalid International Airport subjected to two attacks on Thursday.
High energy prices continue to drive inflation and stoke anger among voters around the world. But with more crude oil flowing through the Strait of Hormuz, and governments releasing more emergency fuel stockpiles, how long will the energy crunch last?
In the heart of the Egyptian capital Cairo, within the labyrinthine streets of the Manshiyet Nasser district, nearly 120,000 residents process a third of the megacity's waste every day. Long marginalised, these informal recycling specialists are now undergoing a dramatic transformation due to geopolitical tensions in the Strait of Hormuz, through which polyethylene from the Gulf usually passes.
The UK maritime agency has reported a rise in attacks on vessels in the vital Strait of Hormuz.
India's Foreign Ministry says 11 out of 12 injured crew members on board the On Peace are Indian nationals.
Gulf oil flows surge despite escalating ship attacks in the critical Strait of Hormuz energy corridor.
Nearly 20 commercial ships, mostly tankers, have come under attack over the past month while sailing through the Hormuz choke point.
Tehran's conditions include a halt to U.S. "acts of aggression," an end to the naval blockade and economic warfare, and the release of Iranian assets.
Tehran says reopening Strait of Hormuz has been its main goal, while the US continues to focus on nuclear talks.
It is unclear how long the recovery can be sustained given that it relies on the U.S. military protecting tankers in the Persian Gulf.
Crude flows through Hormuz have recovered, but tanker insurance costs and geopolitical risks remain barriers to a return to normality.
Iran's Foreign Minister Abbas Araghchi said Tehran expects Washington to respond to its proposal to reopen the Strait of Hormuz on Tuesday. In exchange for reopening the vital shipping route, Tehran is seeking guarantees including a regional ceasefire, the lifting of sanctions on its oil sector and an end to the US naval blockade.
The continued blockade of the Strait of Hormuz has forced Iraq to look for alternatives to export its oil.
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
Abbas Araghchi's warning comes after Washington rejected a seven-day roadmap to end the war and reopen Strait of Hormuz.
US President Donald Trump on Sunday said he expected talks with Iran to resume next week, despite rejecting Tehran’s proposal for a seven-day truce followed by the reopening of the Strait of Hormuz. Trump raised the possibility of renewed air strikes on Iran but also said he anticipated further negotiations.
British police have evacuated homes near an air force base in Gloucestershire, as army bomb disposal experts examined several vehicles in what authorities described as a major incident. Five men have been arrested on suspicion of preparing a terrorist act and offences under the Explosives Act. RAF Fairford, the base involved, is also being used by the US for strikes on Iranian missile sites targeting ships in the Strait of Hormuz. US Air Force personnel at the base have been told to remain vigilant, while police say the incident is now contained. France 24 international affairs editor
There are fears of renewed fighting between the US and Iran, after President Trump rejected a deal.