The reopening of the Strait of Hormuz may have eased concerns about oil shipments, but hundreds of tankers waiting in the region have run into a completely different problem, involving barnacles, algae, mussels and other sea life stuck to their hulls. After spending months anchored in warm Gulf waters, many vessels now need extensive underwater…
Financial markets got quite excited after Iranian Foreign Minister Abbas Araghchi tweeted at 8:45am New York time on Friday (10:45pm Friday AEST) that the Strait of Hormuz was “completely open”, followed by a series of jubilant posts by US President Donald Trump and a triumphant, if bellicose, speech. Oil futures fell 10 per cent and…
The US is more coordinated with China than many assume, former Israeli Navy commander Maj.-Gen. (res.) Eliezer Marom told 103FM on Wednesday. “I think the fuel problem has been completely solved, because the Chinese will get supplies from the Russians,” he said, claiming that alternative energy arrangements are already reducing the impact of regional disruption…
An oil tanker sailing under the flag of Hong Kong has passed through the Strait of Hormuz and entered the Gulf of Oman, as a US blockade continues to target vessels entering or leaving Iranian ports, according to a maritime data firm. The tanker, AVA 6, departed from a port in the United Arab Emirates…
White House on Saturday dismissed a report that the United States had agreed to release Iran’s frozen assets held in foreign banks. The denial comes at a time when American and Iranian delegations are holding negotiations in Islamabad to broker a ceasefire. A Reuters report cited a senior Iranian source claimed that US had agreed…
US President Donald Trump (Photo: Bloomberg) 2 min read Last Updated : Apr 02 2026 | 7:38 AM IST US President Donald Trump Wednesday said China, Japan and South Korea should be involved in opening Strait of Hormuz. The president has previously directed much of his anger at Nato allies for their reluctance…
US President Donald Trump said on Friday that Iran must allow oil shipments to pass through the Strait of Hormuz as part of any peace agreement, while referring to the key waterway as the “Strait of Trump”. US President Donald Trump takes the stage at the Future Investment Initiative Institute’s summit. (AP) Notably, the route’s…
FTSE 100 Live: Shares jump as oil prices fall as Iran allows some Hormuz shipping Proactive uses images sourced from Shutterstock FTSE 100 up 84 points to 10,049 Brent oil price falls below $100 Iran says ‘non-hostile’ vessels allowed through Hormuz Trading updates Asos, Diageo, Crest Nicholson, RS Group Average UK house prices were up…
By the time this column appears, the world will feel very different from when my previous column appeared earlier this month. In just days, a conflict that some in Washington seemed to believe would quickly topple Iran’s leadership has instead become a potentially long and uncertain war, with little clarity on how or when it…
The war in Iran, culminating in the de facto closure of the Strait of Hormuz, has again exposed the world’s energy and maritime sector to acute vulnerabilities. The spike in oil prices and surging freight rates may grab headlines, but beneath these shocks lie fundamental questions about Asia’s – and Hong Kong’s – energy security,…