Shipping sanctions

Explainer: What does the U.S. naval blockade of Iran mean for oil flows?

Since Monday, Monday (13 April), America has blocked traffic entering and leaving Iran's ports, in an escalation of the conflict in the Middle East. The consequences of that will continue to impact the global oil supply.

UN Security Council fails to back resolution aimed at reopening Strait of Hormuz as China and Russia use vetoes

20:21

Middle East Conflict

UN Security Council fails to back resolution aimed at reopening Strait of Hormuz as China and Russia use vetoes

The UN Security Council has failed to back a Bahraini resolution aimed at reopening the Strait of Hormuz, after China and Russia used their vetoes on Tuesday (7 April). The draft resolution called for coordinated "defensive measures" to ensure freedom of navigation in the strait.

Azerbaijan Caspian Shipping Company appeals sanctions on five vessels

13:23

Caspian sanctions

Azerbaijan Caspian Shipping Company appeals sanctions on five vessels

Azerbaijan Caspian Shipping Company has lodged an appeal against international sanctions imposed on five of its vessels over allegations they transported Russian crude oil.

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News Politics Iran Iran war Israel Pakistan Trump Strait of Hormuz