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strait of hormuz

Three crew 'believed trapped' aboard Thai ship attacked in Gulf: firm

Three crew 'believed trapped' aboard Thai ship attacked in Gulf: firm

Three crew members believed to be trapped aboard a Thai bulk carrier hit by projectiles while travelling through the crucial Strait of Hormuz were yet to be rescued on Thursday, the vessel's owner said. Iran's Revolutionary Guards said Wednesday they had struck the Thai-registered Mayuree

Fear, boredom for Philippine sailors stuck in Hormuz strait

Fear, boredom for Philippine sailors stuck in Hormuz strait

Filipino sailor George Miranda was racing to help a stricken vessel aboard the tugboat Mussafah 2 when he last spoke to his wife and young daughter. The 46-year-old, whose small ship was struck by a pair of missiles this week in the Strait of Hormuz, is the only

Australia to change fuel quality standards to boost supply

Australia to change fuel quality standards to boost supply

Australia will adjust fuel quality standards to allow higher sulfur levels for around two months in a move that will release 100 million litres into the domestic supply, officials said Thursday. The country -- reliant on oil imports for fuel -- has seen petrol prices spike since the outbreak of the war

Iran threatens prolonged war as Trump says it is near defeat

Iran threatens prolonged war as Trump says it is near defeat

Iran warned it could wage a prolonged war with the United States and Israel that would "destroy" the world economy, even as US President Donald Trump said late Wednesday the Islamic republic was facing imminent defeat. The defiance from Tehran came as fighting around the strategic Strait of

War disrupts fertiliser supplies, puts food security at risk

War disrupts fertiliser supplies, puts food security at risk

With production in the Gulf countries at a standstill and gas prices rising, the war in the Middle East is disrupting the supply of fertilisers and posing risks for food security. A third of fertiliser shipped by sea comes from the region and cannot make it to the global market

UN Security Council demands Iran halt attacks on Gulf states

UN Security Council demands Iran halt attacks on Gulf states

The UN Security Council on Wednesday called for Iran to halt its attacks on Gulf states, in a resolution that did not mention US or Israeli strikes on Iran, prompting Tehran's ambassador to decry a "blatant misuse" of the international body. The resolution, passed by 13

Oil prices jump despite strategic reserve release

Oil prices jump despite strategic reserve release

The International Energy Agency's announcement Wednesday of a record release of oil from strategic reserves failed to ease supply concerns, with crude prices pushing higher and global equities mostly dropping. The move to release oil stocks came as Iran said it was ready for a long war of