Stories tagged “Hormuz Strait.”
17 stories
The Commander of the Islamic Revolutionary Guard Corps (IRGC) Navy, Rear Admiral Ali Ozmayi, says that the Strait of Hormuz is fully closed and it is under the full control of Iranian forces.
Oman and Iran are having positive talks on a deal to secure the Strait of Hormuz, while Iran warns any agreement won't immediately reopen the strait. Oman's foreign ministry warned against attacks that could hinder progress.
Airlines Scramble for Jet Fuel as Hormuz Disruption Drags On
Airlines are struggling to secure jet fuel supplies as the Hormuz Strait disruption continues. The crisis has led to a surge in oil prices, with Brent crude reaching a 14-month high. The situation is further complicated by the US's six sweeping demands for Iran, which cou…
A senior Iranian lawmaker announced that the general framework for an agreement with Oman on the Hormuz Strait has been established, with the final text and details to be released soon.
Iranian Deputy Foreign Minister Kazem Gharibabadi says that the Iranian-Omani agreement will not reopen the Hormuz Strait, stressing that reopening of the waterway requires the United States to meet certain conditions.
API Reports Sharp U.S. Crude Stock Draw as SPR Hits New Low
The U.S. crude oil inventories have built up again despite the disruption in the Hormuz Strait. The Strategic Petroleum Reserve (SPR) has hit a new low. This has led to a sharp U.S. crude stock draw.
Iran's Deputy Foreign Minister Kazem Gharibabadi stated that Iran does not recognize the southern route in the Hormuz Strait, even for an hour. He emphasized the need to carefully examine the legal aspects and obligations of the parties in the Strait of Hormuz according t…
An informed source has dismissed recent media reports on the future management of the Strait of Hormuz, stressing that any decisions regarding the strategic waterway will be made exclusively by Iran and Oman.
Iran has criticized Nato talks on navigating the Hormuz Strait, calling the meeting 'baseless and politically motivated'. The country emphasized its role in maintaining maritime security and guaranteeing freedom of navigation in the waterway and Persian Gulf.
Maritime tracking websites report almost no vessels are using the Omani route in the Strait of Hormuz and changing course towards the Iranian designated-route after IRGC Navy warnings.
Iran's Parliament Speaker says the country will not give up control of the Hormuz Strait, calling it a 'divine gift' and 'our greatest instrument of power'. He also announced that negotiations with the US over Lebanon are on hold until all key provisions are met.
The US and Israel are violating the terms of the MOU between Iran and the US, with Israel continuing its aggression in Lebanon. Iran is permitted to take action against the perpetrators.
Iran's Deputy Foreign Minister Kazem Gharibabadi stated that no country will be allowed to intervene in demining the Hormuz Strait, emphasizing Iran's full control over the area.
Pakistan LNG Seeks Emergency Cargo After Weekend Hormuz Flare-Up
Pakistan LNG is seeking an emergency cargo after a flare-up in the Hormuz Strait over the weekend. The incident has led to increased tensions and uncertainty in the region.
Iran will respond more forcefully to violations of the Memorandum of Understanding after a second night of fire exchange with the US. The IRGC has launched operations against US military installations in the region.
Iran's deputy foreign minister warns that maritime transit in Hormuz Strait cannot be guaranteed without coordination with Iran. Safe passage through the Strait of Hormuz under vague arrangements is not guaranteed.
Crude Prices Sink as Traders Bet on More Iranian Oil
Crude prices have fallen as traders bet on increased Iranian oil production. The price drop comes amid easing tensions in the Hormuz Strait.