Strait of Hormuz
Trump agrees to 2-week ceasefire as Iran says it will allow passage through Strait of Hormuz
U.S. President Donald Trump said early Tuesday evening that he has agreed “to suspend the bombing and attack on Iran for a period of two weeks” subject to Iran reopening the Strait of Hormuz. “This will be a double sided CEASEFIRE!,” he wrote on social media, adding that he agreed to it “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.” Iranian Foreign Minister Abbas Araghchi said passage through the Strait of Hormuz would be allowed for the nextRead more
How some ships are still getting through the Strait of Hormuz as Iran war drags on
A coast guard boat approaches the Shivalik, an Indian liquefied petroleum gas (LPG) carrier, as it arrives at Mundra Port in Gujarat, India, via the Strait of Hormuz on March 16. (Amit Dave/Reuters) While the Strait of Hormuz has been closed to most of the world’s marine traffic, experts say Iran appears to be letting a select number of ships pass from countries not aligned with its aggressors. Marine traffic data shows how the stream of ships passing through the key waterway has slowed to a trickle since the warRead more
The energy crisis has only just begun
A Thai bulk carrier travelling in the crucial Strait of Hormuz that was attacked March 11. The disruption to shipping through the strait is expected to create a major gap in global oil supply in the weeks ahead. (Royal Thai Navy/AFP/Getty Images) For every day the war in the Middle East drags on, the crisis in energy markets deepens. The price of everything from gas and oil to jet fuel and plastics is rising sharply. That crisis is set to get dramatically worse over the next week or two. EnergyRead more
Canada, allies say they’re ready to help secure Strait of Hormuz, but don’t say how
Tankers sail in the Persian Gulf, near the Strait of Hormuz, on March 11. Canada has joined six of its allies expressing a readiness to help reopen the strait to oil and gas tanker traffic. (Stringer/Reuters) Canada has signed on to a joint statement by the leaders of seven countries calling on Iran to immediately cease all attempts to block the Strait of Hormuz to commercial shipping and expressing a readiness to contribute to efforts to reopen the Strait. The statement does not say how the countries might help, althoughRead more