live U.S.-Iran standoff continues as Hormuz shipping and diplomacy remain uncertain
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to res...
North Korea has opened the expansive Wonsan Kalma Coastal Tourist Area on its eastern coast, welcoming visitors from 1 July. According to state-run media, the move aims to revive tourism and boost much-needed foreign currency earnings amid international sanctions.
The Korean Central News Agency (KCNA) reports that the resort is located along a stretch of white sandy beach on the East Sea and features more than 400 uniquely designed buildings, water parks, sports facilities, as well as various entertainment and dining options.
The development is presented as a gift from North Korean leader Kim Jong Un, who views it as a symbol of 'people-first politics' and a new standard in the country’s tourism culture.
On the opening day, numerous visitors from Kangwon, South Hamgyong, North Hamgyong, Ryanggang, and Chagang provinces, as well as the capital, Pyongyang, toured the site.
With sanctions severely restricting trade and finance, Pyongyang is likely hoping to attract foreign tourists once borders fully reopen.
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
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