After marathon talks ongoing for weeks, US and Iran reportedly are finally close to signing a deal involving a 60-day ceasefire extension, more than a month after the two countries had agreed to a fragile ceasefire to temporarily pause the fighting. FILE: The handout photo shows Pakistan’s Army Chief and Field Marshal Syed Asim Munir…
After the closure of the Strait of Hormuz, Iran is now reportedly eyeing the subsea cables of internet and financial traffic beneath the crucial waterway amid the ongoing war with the United States and the wider conflict in the Middle East. Iran’s local media reports seemingly threatened that traffic in the Strait of Hormuz could…
Prime Minister Benjamin Netanyahu and US President Donald Trump spoke on Sunday about the president’s visit to China. The pair also discussed developments with Iran. “For Iran, the Clock is ticking, and they better get moving, FAST, or there won’t be anything left of them. TIME IS OF THE ESSENCE,” Trump wrote on Truth Social…
A Suezmax tanker identified as carrying Iraqi crude is approaching India after apparently crossing the Strait of Hormuz in recent days. The tanker is identified by ship-tracking company Kpler as carrying Iraqi crude loaded at Basra on May 10-11. (HT) The tanker Karolos appeared in the Gulf of Oman on Thursday as it sailed away…
Melbourne, Early this week, Iranian state-linked media floated a plan to charge the operators of undersea internet cables in the Strait of Hormuz for access to what they say is Iran’s offshore territory. Iran is threatening undersea cables. The world’s ‘digital chokepoints’ have never been more vulnerable The suggestion comes after Iranian warnings that several…
Hong Kong’s latest quarterly figures look better than many observers expected. Despite the disruption caused by the war in the Middle East and an unsettled global backdrop, growth has been steady, markets have remained buoyant and visitors have been returning. On the surface, the numbers point to a resilient economy despite heightened global geopolitical tensions…
Iran has restored operational access to 30 of 33 missile launch sites along the Strait of Hormuz and retained nearly 70 per cent of its pre-war missile arsenal, potentially resetting a nearly three-month war with the United States and a naval stand-off for control of a maritime chokepoint that ships 20 per cent of the…
Oil prices slipped on Wednesday after climbing for three straight sessions, as investors closely tracked developments around the fragile ceasefire in the Iran war and awaited a high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing. Both benchmarks have mostly traded around or above the $100-per-barrel level since the U.S….
Strait of Hormuz, a key energy trade waterway, continues to be in the center of the war between Iran and the United States even as the two countries scramble to find a way to end the conflict. While the US has repeatedly raised objections about Iran’s control over the Strait of Hormuz, which remains effectively…
Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. The International Energy Agency says the US-Iran conflict is causing the biggest supply shock in history. (Representational Photo/AFP) Brent crude futures advanced as…