In a major escalation of regional hostilities, Tehran has fully shut down the Strait of Hormuz, warning that unauthorized vessels will be treated as military targets. The move follows the collapse of a brief "safe passage" arrangement and reports of gunboat attacks, threatening to paralyze nearly 20% of the world’s oil and gas trade.
As Washington tightens the noose on Russian and Iranian oil waivers, the United States is moving to position itself as India’s primary energy partner. However, refinery mismatches and high logistics costs mean the shift may be led by LNG and LPG rather than crude oil, even as domestic fuel shortages begin to hit India's commercial sector.
President Donald Trump has clarified that the U.S. naval blockade on Iranian ports remains in "full force" despite the historic reopening of the Strait of Hormuz. While the restoration of commercial transit has calmed global markets, Washington is using the continued blockade as final leverage to settle the remaining "key issues" in negotiations with Tehran.
President Donald Trump has clarified that the U.S. naval blockade on Iranian ports remains in "full force" despite the historic reopening of the Strait of Hormuz. While the restoration of commercial transit has calmed global markets, Washington is using the continued blockade as final leverage to settle the remaining "key issues" in negotiations with Tehran.
President Donald Trump has clarified that the U.S. naval blockade on Iranian ports remains in "full effect," despite the historic reopening of the Strait of Hormuz. While the restoration of commercial transit has eased global oil markets, the administration signaled that the blockade is the final leverage point in ongoing negotiations with Tehran.
