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Iran slips 3 oil cargoes through Strait of Hormuz as tensions ease
Ziggy Ojiegbe Three Iranian oil tankers carrying roughly five million barrels of crude have successfully exited the Gulf, marking the first such movement since Washington imposed a blockade on Iran’s oil exports earlier this week. The development raises fresh questions…
China stands behind Iran as UNSC faces impasse on Strait of Hormuz
Ziggy Ojiegbe China has signaled firm backing for Iran’s position in the escalating Strait of Hormuz crisis, deepening divisions at the U.N. Security Council as members explore viable plans to protect global shipping. Beijing, a veto-wielding member of the council,…
Hope rises for global shipping as French vessel sails through Hormuz
Frank Okon A container ship linked to French shipping giant CMA CGM has reportedly become the first Western European-affiliated vessel to transit the Strait of Hormuz since the start of the Iran war, signaling a tentative return of commercial traffic…
Allies eye post-war mission to protect Strait of Hormuz
Ziggy Ojiegbe G7 nations have reaffirmed a unified commitment to safeguard maritime security in the Strait of Hormuz, pushing back against Iran’s emerging plan to impose tolls and tighten control over the critical global shipping route. Meeting in France, foreign…
Goldman Sachs lifts oil outlook as Hormuz disruption reshapes global markets
Goldman Sachs has sharply raised its oil price outlook for 2026, pointing to the prolonged disruption in the Strait of Hormuz as a defining shock to global energy markets. The bank now expects Brent crude to average $85 per barrel…
Trump’s threat: Iran says Strait of Hormuz accessible with coordination
Ziggy Ojiegbe Iran is ready to cooperate with the International Maritime Organization to improve maritime safety and protect seafarers in the Gulf, walking back from confrontation with the United States of America which gave 48 hours for the waterway to…
Iran opens Strait of Hormuz to non-American allies
Ziggy Ojiegbe Iran’s foreign minister announced that the Strait of Hormuz remains open to all vessels except those of the United States and its allies. The statement comes after President Trump threatened to strike Iranian oil facilities. Late Friday, the…
Iran opens talks with countries willing to negotiate sail cargoes across Hormuz
* Blames US-Israel attacks for closure The government of Iran has said countries seeking to move cargo through the Strait of Hormuz should negotiate directly with Tehran for safe passage, as tensions escalate following military actions by the United States…
Ground offensive looms as Trump deploys additional war ships, troops
Frank Okon The United States is increasing its military presence in the Strait of Hormuz as Washington and its allies work to restore safe passage for global oil and cargo shipments. The narrow waterway, which carries roughly a fifth of…
Oil crunch: European forces mobilizing to reopen Strait of Hormuz
Sopuruchi Onwuka Military hardware from several European countries is being assembled in Cyprus following recent missile and drone attacks by Iran, as the United States and Israel intensify their aerial campaign against the Islamic Republic. The conflict has triggered a…
