Tag: strait of hormuz closure

No reopening of Strait of Hormuz until Iran’s conditions are met, says Ghalibaf

September 20, 2026 admin

Iranian Parliament Speaker Mohammad Bagher Ghalibaf. File. | Photo Credit: Reuters Mohammad Bagher Ghalibaf, Speaker of the Iranian Parliament, said on Sunday (September 20, 2026) that the Strait of Hormuz would not be reopened until Iran’s seven conditions were met, adding that Tehran must pursue both military action and negotiations . Addressing the Iranian Parliament,…

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OPEC again lowers 2026 global oil demand growth forecast

June 11, 2026 admin

OPEC said consumption would rebound later and raised its demand growth forecast for 2027. File | Photo Credit: Reuters OPEC ⁠on Thursday (June 11, 2026) lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the producer group said in its ‌monthly report, marking the second straight downward revision. The group…

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Iran says will target any vessel traffic in Strait of Hormuz after U.S. strikes in latest escalation

June 10, 2026 admin

“Any vessel traffic through the Strait of Hormuz will be targeted” the Khatam al-Anbiya command said, according to Tasnim news agency. File | Photo Credit: Reuters Iran’s military command said on Thursday (June 11, 2026) it will target any ship transiting the Strait of Hormuz, after it struck two vessels attempting to pass through the…

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Iran says final deal still far off as Strait of Hormuz remains closed

April 19, 2026 admin

Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman. The Strait of Hormuz remained closed on April 19, 2026 in the stand-off between Iran and the United States | Photo Credit: Reuters The Strait of Hormuz remained closed on Sunday (April 19, 2026) in the stand-off between Iran and the…

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China, Pakistan propose peace plan for West Asia, call for ‘immediate’ end to hostilities

March 31, 2026 admin

Pakistan’s Deputy Prime Minister and Minister for Foreign Affairs Senator Mohammad Ishaq Dar meets with Chinese Foreign Minister Wang Yi, at the Diaoyutai State Guesthouse in Beijing, China, on March 31, 2026. | Photo Credit: Press Information Department (PID) via Reuters China and Pakistan on Tuesday (March 31, 2026) put forward a five-point peace proposal…

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U.S. Navy could escort vessels in Strait of Hormuz with international coalition, Bessent says

March 12, 2026 admin

U.S. Treasury Secretary Scott Bessent. File | Photo Credit: AP The U.S. Navy, perhaps ‌with an international coalition, will escort vessels through the Strait of ⁠Hormuz when it is militarily possible, U.S. Treasury Secretary Scott Bessent told Sky News ‌in an interview on Thursday (March 12, 2026). “My belief, that as soon as ‌it is…

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Trump says 10 Iranian mine-laying vessels destroyed

March 10, 2026 admin

Nearly a fifth of global oil production passes through the Strait of Hormuz. File | Photo Credit: Reuters U.S. forces have destroyed 10 Iranian mine-laying vessels, President Donald Trump said on Wednesday (March 11, 2026), warning Tehran of unprecedented military consequences if it targets the Strait of Hormuz. His comments came after Tehran vowed that…

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U.S. stocks erase big early loss and rise after oil prices whip back below $90

March 9, 2026 admin

The U.S. stock market careened through a manic Monday (March 9, 2026), going from a steep early loss to a solid gain as worries turned into hope that the war with Iran may not last that long. Oil prices whipped from nearly $120 per barrel, their highest since 2022, back toward $90. The S&P 500…

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Iran vows to attack any ship trying to pass through Strait of Hormuz

March 2, 2026 admin

A car rides along the coast of Musandam overlooking the Strait of Hormuz amid the U.S.-Israeli conflict with Iran, Oman, on March 2, 2026. | Photo Credit: Reuters An Iranian Revolutionary Guards senior official said on Monday (March 2, 2026) that the Strait of Hormuz is closed and Iran will fire on any ship ‌trying…

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