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U.S. President Donald Trump in the Oval Office of the White House in Washington, on April 18, 2026. | Photo Credit: Reuters Iran on Saturday (April 18, 2026) said that it is reviewing new proposals put forward by the U.S. Iran’s Supreme National Security Council said in a statement that Pakistan’s army chief Asim Munir,…
People protest against military action in Iran near the White House in Washington, D.C., U.S., on April 8, 2026. | Photo Credit: Reuters A ceasefire deal to pause the war in Iran appeared to hang by a thread on Wednesday (April 8, 2026) after the Islamic Republic closed the Strait of Hormuz again in response…
Read More “Ceasefire threatened as Israel expands Lebanon strikes, Iran closes strait again” »
A map showing the Strait of Hormuz, also known as Madiq Hurmuz. File. | Photo Credit: Reuters Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Monday (April 6, 2026) that the Strait of Hormuz, a critical international waterway connecting the Persian Gulf with the Gulf of Oman, has undergone “irreversible strategic changes” and will never…
Read More “Strait of Hormuz will never return to previous status: Iran’s IRGC” »
Iran’s Security Council Secretary Ali Larijani. File | Photo credits: WANA (West Asia News Agency) via Reuters Iran’s Security Council Secretary Ali Larijani responded to U.S. President Trump’s threat of hitting Iran “20 times harder” if the flow of oil through the Strait of Hormuz is stopped, saying the chokepoint could be a “Strait of…
Read More “Strait of Hormuz could be a ‘Strait of defeat’ for U.S.: Larijani” »
The story so far: Global oil markets are bracing for a potential upward price shock as trade resumes Monday (March 2, 2026) amidst escalation of hostilities in West Asia, as Israel and its ally United States (U.S.) launched air strikes against Iran on Saturday (February 28, 2026), with Tehran acting in retaliation. More importantly for…
Read More “Why the closure of Strait of Hormuz is causing fears about elevating crude oil prices” »