Stories tagged “Oil Trade.”
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US President Donald Trump has posted a map showing the Strait of Hormuz as a US territory. The move comes as tensions between the US and Iran remain high, with the two countries engaged in a bitter dispute over the strait. The US has imposed sanctions on Iran in an effort…
No one can seize Straif of Hormuz by Tweets, Iran warns Trump
Iran's deputy foreign minister Kazem Gharibabadi rejected US President Donald Trump's claim that Washington would soon declare the Strait of Hormuz US territory, saying the waterway can only be closed or reopened by Tehran's command.
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.
Iran and Oman Near Landmark Deal to Manage Strait of Hormuz
Iran and Oman are reportedly near a landmark deal to manage the Strait of Hormuz, a critical waterway for global oil trade. The deal aims to reduce tensions and ensure safe passage for oil tankers.
Iran and Oman are nearing agreement on a new shipping corridor in the Strait of Hormuz.
US President Donald Trump said that negotiations with Iran will begin Monday after he decided to hold off on new strikes against the Islamic Republic to pursue a deal. Iran is close to reaching an agreement with Oman over the Strait of Hormuz.
Media reports claiming that Iran has agreed to a plan to reopen the Strait of Hormuz are false, according to a report. Iran's policy regarding the strategic waterway remains unchanged.
The Islamic Revolutionary Guards Corps (IRGC) said two violating oil tankers were struck and brought to a halt in the Strait of Hormuz after attempting to transit through an unauthorized route.
The UN Maritime Agency has urged its members to reject Iran's 'unilateral' move to control the Strait of Hormuz. The agency's governing council has condemned Iran's decision to establish a body claiming control over the passage of ships in the strait.
Iran Tightens Grip on Strait of Hormuz Tanker Traffic
Iran has increased its control over tanker traffic in the Strait of Hormuz.
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.
US President Donald Trump says no toll will be charged for passage through the Strait of Hormuz during or after the 60-day interim ceasefire with Iran, unless the US imposes one. Trump made the statement on social media platform Truth Social.