Iran, Hormuz and UAE
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Oil price tops $126 a barrel
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Donald Trump provided a significant update on the ongoing Strait of Hormuz blockade, addressing Iran’s latest proposal and the future of negotiations. The president outlined his conditions for ending the naval operation while issuing a pointed warning to Tehran’s regime.
Ayatollah Mojtaba Khamenei said in a statement that Iran would establish “new legal frameworks” for the Strait of Hormuz. He also said his country would retain its nuclear capabilities.
No region of the world produces more oil and gas than the countries straddling the Persian Gulf, and most of it needs to travel by tanker via the Strait of Hormuz.
The UN Secretary General, Antonio Guterres, has said the closure of the Strait of Hormuz is strangling the global economy. He said that even if the restrictions were lifted immediately, supply chains would take months to recover. We ask what options the US has now and what it's likely to cost.
A large number of devotees gathered at Har Ki Pauri in Haridwar on the occasion of Buddha Purnima to take a holy dip in the River Ganga. The ritual bathing, considered highly auspicious, drew significant crowds as pilgrims marked the festival with prayers and spiritual observance along the ghats.
Matt Smith, Kpler director of commodity research, joins 'Power Lunch' to discuss the latest news regarding the Strait of Hormuz.
Iran has offered to end its control over the Strait of Hormuz if the U.S. lifts its blockade and ends the war. That's according to regional officials. The proposal that emerged Monday would
President Trump is facing growing political pressure over the war in Iran as gas prices hit new highs and European allies accuse him of being humiliated by Tehran in the standoff over the Strait of Hormuz.
The Trump administration has a new plan to reopen the Strait of Hormuz.
As the war in Iran enters its ninth week with no clear end in sight, shipping in the Persian Gulf and the Strait of Hormuz has been completely reshaped.
The war in the Middle East has forced the Gulf monarchies to rethink their oil and trade routes, but rerouting them will be no simple task, experts say.Faced with the closure of the Strait of Hormuz,