News

Why is the Strait of Hormuz critical to Europe?  Euronews.com

Why hasn’t the UK sent warships to the Strait of Hormuz?  The Independent

From the strait of Hormuz to Malacca, global trade relies almost entirely on these five narrow waterways  Yahoo Finance UK

By Ariba Shahid KARACHI, March 16 (Reuters) - Ship-tracking data shows a Pakistan-bound oil tanker passing through the Strait of Hormuz over the weekend, indicating that some countries are able to negotiate safe passage for their vessels despite the U.S.-Israeli war on Iran. Since the war began more than two weeks ago, Iran has attacked several ships in the Gulf, in effect closing the strait, conduit for a fifth of the world's crude oil and liquefied natural gas, and driving up global energy prices. [O/R]

Airline says limited number of flights will operate as of March 18 between Qatari capital and dozens of destinations.

Oil prices dipped and equities rose on Monday as investors focused on the crucial Strait of Hormuz and the head of the IEA said more crude could be released on the market if necessary. As the Middle East war entered its third week, Wall Street opened higher while most European stocks climbed after Asian stocks mainly dipped. International benchmark Brent North Sea crude dropped back two percent to $101 after rising about three percent earlier in the day while the main US contract West Texas Intermediate plunged more than five percent to $93.37.

Oil eases as some tankers allowed through the Strait of Hormuz  Yahoo Finance UK

U.S. letting Iranian oil tankers through Strait of Hormuz, Bessent says  qz.com

Iran still exporting millions of barrels of oil through Strait of Hormuz even as other traffic paralyzed  CNN

By Saurabh Sharma and Krishna N. Das NEW DELHI, March 16 (Reuters) - Iran has asked India to release three tankers seized in February as part of talks seeking the safe passage of Indian‑flagged or India‑bound vessels out of the Gulf via the Strait of Hormuz, three sources with knowledge of the matter told Reuters. Indian authorities seized the three Iran‑linked tankers near Indian waters alleging they had concealed or altered their identities and were involved in illegal ship‑to‑ship transfers at sea.

International Energy Agency head Fatih Birol said Asian members were releasing more than 100 million barrels of crude to stabilize markets.

PM says UK working with allies on plan to reopen Strait of Hormuz  BBC

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Tehran allows a small number of ships from certain countries to pass through waterway.

US Allies Wary of Joining Trump’s Strait of Hormuz Mission  gCaptain

By Elizabeth Piper and Sarah Young LONDON, March 15 (Reuters) - Prime Minister Keir Starmer said on Monday Britain would not be drawn into a wider war in Iran but would work with allies on a "viable collective plan" to reopen the key Strait of Hormuz, though he acknowledged that would not be a simple task. U.S. President Donald Trump has heavily criticised Starmer for not initially supporting the U.S.-Israeli strikes on Tehran, and said at the weekend that Britain, China, France, Japan and South Korea should send warships to the region to reopen the waterway.

U.K. Looks at Deploying Robot Mine Hunters in Strait of Hormuz  WSJ

LONDON, March 16 (Reuters) - Britain is working with allies on a collective plan to reopen the Strait of Hormuz and restore freedom of navigation in the Middle East but it will not be easy, British Prime Minister Keir Starmer said on Monday. "Ultimately, we have to reopen the Strait of Hormuz to ensure stability in the (oil) market. That is not a simple task," Starmer told reporters.

Greece will not engage in military operations at Hormuz Strait, says government official Greece will not engage in any military operations in the Strait of Hormuz, Greek government spokesman Pavlos Marinakis said on Monday.

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