Diesel prices surge to $5 per gallon, highest since 2022, as Iran war disrupts global oil supplies

Fuel prices are likely to keep rising until crude oil flows through the Strait of Hormuz return to normal.

China sailor creates ‘radio station’ to connect families with seamen stranded in Strait of Hormuz

A Chinese man has used public maritime radio to create a “family’s voice station” on which sailors stranded in the Strait of Hormuz can relay safety messages to their families. Liu Yiwen, a native of Jilin province in northeastern China, is a second officer on a Singaporean commercial ship which is now anchored near the Khor Fakkan harbour administered by the United Arab Emirates, China’s state media CCTV reported. The ship had planned to head to the Persian Gulf to load liquid petroleum gas...

By Alice Yan

Iran war: Strait of Hormuz shutdown could spark food crisis

Along with spiking oil prices, Iran's de facto closure of the Strait of Hormuz is raising fertilizer costs by up to a third. Farmers are bracing for soil nutrient shortages that threaten lower harvests.

Gulf states seek to bypass Strait of Hormuz for oil exports via pipelines

Iran sends drones to attack the UAE port of Fujairah in the Gulf of Oman, raising the stakes as Gulf states send their blocked crude through pipelines away from the contested Strait of Hormuz. We take a closer look. Also in this edition: central banks face a dilemma as high oil prices threaten to both rekindle inflation and slow global growth.

By Bryan QUINN

How countries are cutting deals with Iran to move oil through the Strait of Hormuz - and undermine Trump

The Strait of Hormuz has become perilous for oil tankers since Iran claimed control of it during the war. But experts tell Bryony Gooch that Tehran may be willing to grant safe passage to countries willing to engage in diplomacy

By Bryony Gooch

India says no discussion on exchange of vessels with Iran for Strait of Hormuz passage

India says no discussion on exchange of vessels with Iran for Strait of Hormuz passage, reports baseless

Iran Says Strait Of Hormuz Won't Return To Pre-War Norm As War Intensifies

Iranian Parliament Speaker Mohammad Bagher Ghalibaf has warned that the situation in the Strait of Hormuz will not return to its "pre-war state.

Iran’s new supreme leader demands US, Israel ‘brought to their knees’

Israel claimed on Tuesday to have killed Iran’s security chief, while a senior Iranian official said the new supreme leader had rejected de-escalation offers conveyed by intermediaries, demanding Israel and the U.S. first be “brought to their knees”. The senior official, who asked not to be identified, said two intermediary countries had conveyed proposals to […]

Iraq in talks with Iran to safeguard oil tanker traffic through Hormuz

Iran refuses to back down as Israel claims killing its security chief

A senior Iranian official said Tuesday that the country’s new supreme leader had rejected de-escalation proposals through intermediaries, demanding that Israel and the U.S. first b...