As the global gas market grapples with the Strait of Hormuz being all-but closed for nearly three months, traders are fixated on two wildcards: China and the weather. Summer forecasts are pointing to higher-than-normal temperatures across Asia, while an El Niño weather pattern could make things even hotter. That will boost air-conditioning use and strain…
The United States and Iran are discussing a plan that would open the Strait of Hormuz roughly 30 days after the two sides reach a deal to end hostilities, a Middle East diplomatic source told Nikkei on Monday.Iran would proceed with clearing mines from the strait during a 30-day window following an agreement, the source…
Iran will reopen the Strait of Hormuz and allow free shipping and navigation through the waterway under the proposed framework to end the West Asia conflict, sources said. In the 30-day window after the agreement is reached, Tehran would initiate efforts to clear mines from the strait. (REUTERS) The plan, under discussion between US and…
Is that it? The American people are left to wonder as the terms of President Trump’s emerging “memorandum of understanding” with Iran leak to the press. While the U.S. can claim real achievements from 38 days of war, the job isn’t done and 47 days of cease-fire may deliver a strategic setback. President Donald Trump…
Last Updated:May 25, 2026, 14:30 IST Shipping activity through the Strait of Hormuz has remained under pressure since tensions involving Iran escalated earlier this year. Strait of Hormuz. File pic/AP Iran on Monday clarified that it was charging ships for “navigational services” while passing through the strategic Strait of Hormuz and not imposing any transit…
After weeks of diplomacy and claims about a breakthrough, the US-Iran peace deal remains deadlocked. US President Donald Trump says a framework has been “largely negotiated”, and discussions are underway with countries including Saudi Arabia, Qatar, United Arab Emirates and Pakistan. The US and Iran have been working towards a peace agreement to end the…
The peace deal between the United States and Iran may be announced soon, with both US President Donald Trump and Secretary of State Marco Rubio confirming the progress made in talks. The Strait of Hormuz, which is a key passage for around 20 per cent of the world’s oil and gas shipping, was closed after…
United States Secretary of State Marco Rubio said an announcement on the US-Iran conflict was likely to be expected in “a few hours”. US Secretary of State Marco Rubio addresses a joint press conference in New Delhi on May 24, 2026. (Photo by Manan VATSYAYANA / AFP) Calling it a “good news” for the world,…
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…