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strait of hormuz

France, allies preparing bid to 'gradually' reopen Strait of Hormuz

France, allies preparing bid to 'gradually' reopen Strait of Hormuz

France and its allies are preparing a "defensive" mission to reopen the strategically vital Strait of Hormuz, President Emmanuel Macron said Monday as the Middle East war entered its second week. The French leader landed by helicopter on the Charles de Gaulle aircraft carrier, dispatched to the Mediterranean

Shipping giant MSC halts Gulf exports amid war risks

Shipping giant MSC halts Gulf exports amid war risks

Global shipping giant MSC announced Monday it was formally halting certain export shipments from the Gulf because of the Middle East war and that "all affected cargo will be discharged". "In light of the ongoing and exceptional security situation in the Middle East... it is necessary to

Trump's limited options to curb Iran war oil price surge

Trump's limited options to curb Iran war oil price surge

US President Donald Trump is under pressure to curb oil prices sent skyrocketing by the war with Iran, but has only limited tools to fix a problem that is shaking the world economy and is politically toxic at home. Trump has insisted it will be only a "short-term&

Ships brandish China-links to weave through Strait of Hormuz

Ships brandish China-links to weave through Strait of Hormuz

Ships anchored in the Gulf or transiting the Strait of Hormuz are changing their tracking data to boast links to China in an attempt to evade Iranian attacks, according to data from shipping tracker Marine Traffic analysed by AFP. Iran has effectively closed the vital waterway since US-Israeli strikes

G7 'not there yet' on release of oil reserves: French minister

G7 'not there yet' on release of oil reserves: French minister

France's finance minister said Monday the G7 was "not there yet" in terms of any release of strategic oil reserves as the world's leading industrialised nations held crisis talks on the economic fallout of the Middle East war. Earlier Monday, French President Emmanuel Macron,

War in the Middle East: latest developments

War in the Middle East: latest developments

Here are the latest events in the Middle East war on Monday: - Zelensky says tapped for help - Ukrainian President Volodymyr Zelensky said that 11 countries had tapped Kyiv for help on how to counter Iranian drones, being launched by Tehran across the Middle East. Ukraine touts itself as having world-

Trump defends Iran war decision as oil soars above $100

Trump defends Iran war decision as oil soars above $100

Oil prices surged above $100 a barrel for the first time in nearly four years on Sunday over worries that the spiralling Middle East war could create prolonged supply disruptions. Both crude oil benchmarks, the West Texas Intermediate (WTI) and Brent, jumped by over 15 percent as markets opened Sunday