465 resultsfor “Why did Iran close the strait of Hormuz again”
Iran in the Strait of Hormuz following Washington and Tehran’s tit-for-tat captures of commercial vessels. Brent crude, the international benchmark, topped $106 per barrel early on Friday morning as Washington and Tehran
Strait of Hormuz waterway is still effectively closed - causing economic impacts around the world. Answering questions from senators on Thursday, Hegseth said: "We are in a ceasefire right now, which our understanding means
Hormuz, signalling a direct challenge to Iran’s closure of the strategic waterway, through which 20 percent of the world’s oil and liquefied natural gas supplies are shipped in peacetime. Iran’s threats
strait of Hormuz, depriving the Iranian regime of at least $175m (£129m) a day in oil export revenue. Once the oil was stuck inside the country, Iran would soon run out of storage, forcing
Strait of Hormuz remains closed. Charles-Henry Monchau, CIO of the Swiss private bank Syz Group, says UAE's departure is the "end of Opec as we knew it". The cartel has survived global events
Iran to build on a fragile ceasefire that took effect in April continue. There have been mixed signals about whether the two sides are close to an agreement to extend the truce. They have reportedly
close the strait. --- ## Will the US agree to this 10-point plan and Iran’s proposals? Since negotiations began between the [Trump administration](https://www.theguardian.com/us-news/trump-administration) and Iran over the status of Tehran’s nuclear
strait of Hormuz. It’s unclear if the strikes deliberately targeted the district’s water tanks, or if they unintentionally destroyed a key reservoir for about 20,000 people living nearby. But if the tanks
Strait of Hormuz. In a post on X, Centcom said US fighters struck the Iranian military's air defences, a ground control station and two drones that it said "posed a clear threat to ships
close to our hearts – and to mine personally.” Trump, however, has been voicing increased scepticism of NATO over the bloc’s refusal to directly participate in the war against Iran or help to forcibly reopen
Hormuz strait. On 4 May, Donald Trump launched what he called “[Project Freedom](https://www.theguardian.com/us-news/2026/may/04/project-freedom-marks-a-classic-trump-flip-from-warmonger-to-humanitarian)”, which was supposed to provide a route out of the Gulf for the hundreds of ships trapped
Iran’s ambassador to Pakistan, Reza Amiri Moghadam wrote on his social media that violations of international law, the continuation of the US naval blockade of the Strait of Hormuz, threats of further strikes
close ties to Iran's security organizations. Pakistan's prime minister, foreign minister and army chief continue to encourage the U.S. and Iran to speak directly, according to two officials in Pakistan who spoke
closed meetings began. ## Divided BRICS ‘not good’ Disruptions around Gulf shipping routes and the [Strait of Hormuz](/news/2026/5/14/trump-xi-discuss-strait-of-hormuz-as-chinese-vessels-transit-key-waterway) continue to drive volatility in oil and gas markets, increasing pressure on energy-importing economies, including India
Hormuz as a rescue effort, saying that Iran had left thousands of mariners “for dead”**. He said the US was trying to reopen the strait “as a favour to the world”, neglecting to mention that
Iran isn’t going away. They have to find a way of dealing with this reality.” ## The economic cost of war The closure of the Strait of Hormuz has proven be a setback for some
Iran conflict as a “major supply shock”, which the Bank’s monetary policy committee would have to assess carefully. [The IMF has raised the spectre of a potential global recession](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices)
strait of Hormuz. The attacks triggered a wave of retaliatory strikes from Iran on Wednesday morning, with Tehran saying it had targeted Kuwait, Bahrain and Jordan. Japan’s Nikkei index dropped 2%, while the tech
Strait of Hormuz. Last week, Merz compared the war to previous military quagmires, such as the US invasions of Iraq and Afghanistan. “It is, at the moment, a pretty tangled situation,” he said
Iran conflict on better footing, we would caution on any optimism just yet. Indeed, underneath the hood, and beyond the headline unemployment rate, signs of weakness continue.” And with a price shock looming