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strait of hormuz

Oil plunges, stocks jump as Iran declares Hormuz open

Oil plunges, stocks jump as Iran declares Hormuz open

Oil prices tumbled Friday after Iranian officials said they would allow commercial traffic to resume in the Strait of Hormuz, lifting equity markets in Europe and New York, where major indices hit new records. Citing the ceasefire between Israel and Lebanon, Iran's Foreign Minister Abbas Araghchi said Tehran

Trump tells AFP Iran deal close, 'no sticking points' left

Trump tells AFP Iran deal close, 'no sticking points' left

US President Donald Trump signaled Friday that an Iran peace deal was all but done, telling AFP there were "no sticking points" left between Washington and Tehran. Trump's comments came after a slew of social media posts in which he touted Iran's promise to

Shippers eye Iran Hormuz reopening with wariness

Shippers eye Iran Hormuz reopening with wariness

Shipping industry figures gave a cautious welcome Friday to Iran's announcement that it was reopening the crucial Strait of Hormuz trade route to commercial freight after nearly seven weeks closed. Iranian forces' closure of the strait has trapped hundreds of ships in the Gulf and driven up

France, UK to lead 'defensive' force for Hormuz

France, UK to lead 'defensive' force for Hormuz

France and Britain said Friday they will lead a multinational mission to ensure freedom of navigation in the Strait of Hormuz, while emphasising the force would be entirely defensive and only deployed once lasting peace in the region was agreed. British Prime Minister Keir Starmer and French President Emmanuel Macron

France, UK to lead multinational Hormuz mission

France, UK to lead multinational Hormuz mission

France and Britain said Friday they will lead a multinational mission ensure freedom of navigation in the Strait of Hormuz, while emphasising the force would be entirely defensive -- and only deployed once a peace in the region was agreed. "I can confirm that, along with France, the UK will

Oil prices fall as Trump, Iran say Strait of Hormuz is 'fully open'

(The Center Square) – The Strait of Hormuz is fully opened, Iranian officials and President Donald Trump said Friday, sending oil prices down. Iran closed the strait near the beginning of Operation Epic Fury on Feb. 28, leading to the halt of commercial shipping traffic, including oil shipments, which sent gas

First loaded Iranian oil tankers exit Gulf since US blockade: Kpler

First loaded Iranian oil tankers exit Gulf since US blockade: Kpler

Three Iranian oil tankers carrying a total of five million barrels of crude have become the first such loaded vessels to leave the Gulf through the Strait of Hormuz since a US blockade came into force, the tracking firm Kpler told AFP on Friday. The Deep Sea, Sonia I and