News

Strait of Hormuz marks first full day’s pause as no ships cross amid Iran war  South China Morning Post

The Latest: Trump calls for help to reopen the Strait of Hormuz  Boston Herald

India Has No Special Deal for Ships Through Strait of Hormuz, Jaishankar Says  Altitudes Magazine

Will Asia-Pacific nations help the US reopen the Strait of Hormuz?  CNN

Trump calls on NATO allies to police the Strait of Hormuz  NBC News

Pat McFadden says Trump running a ‘transactional presidency’ and that ‘our job is to navigate this’ Good morning. Keir Starmer is holding a press conference in Downing Street this morning. As Kiran Stacey reports, the PM’s main intention will be to announce support for people most hit by rising energy prices, particularly householders reliant on heating oil. The measures are expected to be worth tens of millions of pounds. But, inevitably, most of the focus likely to be on how Starmer responds to the latest provocations from Donald Trump. Continue reading...

Oil and gas prices are soaring. Some countries are ready with solar panels and EVs  NPR

EU Considers Naval Mission Shift to Protect Strait of Hormuz  Bloomberg.com

DUBAI, March 16 (Reuters) - Oil loading operations have been suspended at the United Arab Emirates port of Fujairah, two sources told Reuters on Monday, after a drone attack sparked a fire in the emirate's petroleum industrial zone. Fujairah, located on the Gulf of Oman just outside the Strait of Hormuz, is typically a critical exit point for about 1 million barrels per day of the UAE's Murban crude - a volume equivalent to roughly 1% of global demand.

BRUSSELS, March 16 (Reuters) - EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime. Arriving at a meeting of EU foreign ministers in Brussels, Kallas said she had spoken to U.N. Secretary General Antonio Guterres about the idea to unblock the strait, currently choked off due to the Iran war.

UK plans to send minesweeping drones to help reopen strait of Hormuz  The Guardian

Iran said it was ready to take the Middle East war "as far as necessary" as it launched strikes across the region Monday, while Donald Trump piled pressure on world powers to help reopen a shipping lane choked off by the Islamic republic. Global oil prices have surged by 40 to 50 percent as Iran has attacked shipping in the Strait of Hormuz and launched waves of strikes in the Gulf, in retaliation for the war launched against it by the United States and Israel.

Iran is looking to start letting Chinese-linked ships through the Strait of Hormuz, official says  Daily Mail

Live updates: Trump pressures NATO, China to help reopen Strait of Hormuz; Israel launches 'limited' Lebanon ground operations  NBC News

Iran’s Upper Hand in Hormuz Is Pressuring Oil Buyers and Trump  Bloomberg.com

Closing the Strait of Hormuz raised oil prices. It also raises the cost of bread.

Trump warns NATO (again) of ‘very bad future’ if allies don’t secure Strait of Hormuz  politico.eu

UAE’s Fujairah oil trading hub targeted by a drone attack, causing large fire  CNBC

Iran War Live Updates: Trump Sends NATO Warning About Strait Of Hormuz  Newsweek

Pakistan Oil Tanker Transits Hormuz After Hugging Iran’s Coast  Bloomberg.com