In a welcome development for commercial establishments across India, the Government of India has announced the full restoration of commercial LPG supplies to pre-crisis...
The disruptions in the global oil route caused by the war affected shipments, drove up oil prices, and left thousands of sailors stranded in the Gulf region.
The Iranian delegation got up as Donald Trump started making his customary threats. After gathering their papers, they turned around and left the venue immediately.
The joint statement said the parties created a High-Level Committee, approved a 60-day roadmap, opened a direct communication line for the Strait of Hormuz and agreed on a Lebanon de-confliction cell facilitated by the mediators.
Iran reiterated on Saturday that it was closing the Strait of Hormuz to maritime traffic, blaming continued Israeli operations in southern Lebanon for violating...
Before the war endangered commercial shipping in the world’s most energy-focused trade route, tankers moved smoothly through the Strait with no tolls imposed on routine traffic. After the U.S. and Israel started bombing, Iran retaliated by shutting it down, attacking vessels, and the U.S. imposed its own blockade.