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Dubai/London: Iran is determined to win international recognition of its control over the Strait of Hormuz and ability to levy fees on ships entering or leaving the Gulf even if it has to do so by force, two senior Iranian sources said.Under this month's inter
The United Arab Emirates has suspended all trade and financial transactions with Iran for now even as it accused Iranian forces of launching two ballistic missiles towards the country, a claim that Iran has denied. The UAE Ministry of Foreign Affairs, in a sta
Oil prices dipped as demand forecasts for 2026 were lowered due to the U.S.-Israeli war on Iran. Despite supply concerns from the conflict, a surprise build in U.S
United States forces launched new strikes against Iran following an attack on a ship. Iran's Revolutionary Guards declared the Strait of Hormuz closed until further notice
The United States demands Iran publicly cease attacks on ships in the Strait of Hormuz. Officials stated that all shipping lanes within the strait must remain open without any tolls