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US President Donald Trump has said that he will soon declare the Strait of Hormuz to be United States territory, raising tension over the important sea route that carries a large part of the world s oil. He told Americans to accept higher petrol prices as the
Esmail Baghaei, Iran s Foreign Ministry spokesperson, said Iran is currently discussing the details of possible transit fees over the Strait of Hormuz in its negotiations with Oman over a new route for shipping, whilst emphasising that discussions on the broad
Iran has laid out a fresh set of tough demands to the United States as talks continue over reopening the Strait of Hormuz, one of the world s busiest oil shipping routes. Iran s Supreme National Security Council secretary, Mohammad Bagher Zolghadr, said the US
US President Donald Trump s announcement of a 20 percent charge on all cargo transiting the Strait of Hormuz has raised fresh concerns for India, which sources a significant share of its crude oil and gas imports through the waterway, as the conflict between t
Oil prices climbed to a four-week high on Tuesday. The United States reinstated its naval blockade of Iran