Tag: Strait of Hormuz

Global economy in tug-of-war between oil shock and AI boom: IMF chief

August 26, 2026 admin

President of the International Monetary Fund Kristalina Georgieva waves after a meeting with Uruguay’s President Yamandu Orsi in Montevideo, Uruguay. File | Photo Credit: AP The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz “better than feared” due to various factors, including an investment boom in artificial…

Business

Gulf ship traffic via the Strait of Hormuz hovers below 10-day average, data shows

August 26, 2026 admin

A woman walks as vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran. File | Photo Credit: Reuters Five commodity ‌vessels transited the Strait of Hormuz on Tuesday (August 25, 2026), little changed from a day ⁠earlier but well below the 10-day average of 15, preliminary shipping data showed…

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Pakistan, Iran explore reopening Strait of Hormuz, easing West Asia tensions

August 25, 2026 admin

Iranian President Masoud Pezeshkian meets with Field Marshal Asim Munir, in Tehran, Iran on August 24, 2026 | Photo Credit: Reuters Pakistan Army Chief Field Marshal Asim Munir has held “comprehensive discussions” with the Iranian leadership in Tehran, focusing on measures to prevent further escalation of the West Asia conflict and the reopening of the…

World

Fewer than 20 ships transit key Strait of Hormuz over weekend, data shows

August 24, 2026 admin

File picture of a drone view of vessels in the Strait of Hormuz, as seen from Musandam, Oman. Overall traffic volumes remained suppressed in the week to August 21, as vessels ‌aborted transit plans or switched routes through the strait’s north after attacks, the United Kingdom Maritime Trade Operations (UKMTO) agency said in a report….

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UKMTO | Eyes on the seas

August 22, 2026 admin

Profiles On August 18, 2026, an unknown projectile hit the Liberia-flagged bulk carrier Minoan Dignity while it was exiting the Strait of Hormuz, killing the ship’s chief engineer. Before the news broke, a 72-word alert had informed seafarers and maritime observers about the attack. It read, “UKMTO has received a report of an incident in…

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West Asia LIVE: Trump says Iran not ready to make the ‘right deal’

August 22, 2026 admin

Trump calls Strait of Hormuz ‘American territory’, warns Iran over nuclear weapons U.S. President Donald Trump said Iran must never be allowed to obtain a nuclear weapon and described the Strait of Hormuz as “American territory” amid escalating tensions between Washington and Tehran, Al Jazeera reported. “They want to make a deal so badly, we…

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Iran warns Gulf countries against helping U.S. after UAE cuts trade ties

August 19, 2026 admin

Iran’s armed forces warned Gulf countries against assisting the U.S. military on Wednesday (August 19, 2026), hours after the United Arab Emirates announced it was severing economic ties with Tehran following new attacks on shipping. The Gulf is dotted with U.S. military installations, including in the UAE, which said on Tuesday (August 18, 2026) that…

World

West Asia war LIVE: Erdogan urges Trump to pursue talks with Iran, offers support

August 18, 2026 admin

Turkish President Tayyip Erdogan urged U.S. President Donald Trump in a phone call to pursue talks with Iran to de-escalate ‌tensions between the two countries, and offered Ankara’s support for peace efforts, the Turkish presidency said today. Turkiye, which has NATO’s second-largest army and borders Iran, has repeatedly called for an end to the war….

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West Asia war LIVE: Trump welcomes defence pact between Saudi Arabia, Turkey and Pakistan

August 17, 2026 admin

U.S. President Donald Trump said yesterday he was pleased by the recent signing of a defence pact between Saudi Arabia, Turkey and Pakistan. “Very happy to see that Saudi Arabia, Turkey, and Pakistan have recently, and finally, signed the Mecca Joint Defence Agreement,” he wrote on his Truth Social platform. “It shows how the Middle…

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West Asia war LIVE: Iran demands release of downed pilots as Qatar denies holding them

August 16, 2026 admin

Iran yesterday demanded that Qatar release three of Tehran’s pilots whose aircraft went down early in the West Asia war, though the Gulf state denied it was detaining them. Iran had previously reported one pilot killed and others missing after a sortie to Qatar in March, but news of their alleged capture was not publicised…

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