Following U.S. military strikes on Iran, at least two supertankers reversed course near the Strait of Hormuz, reflecting heightened fears of disruption in one of the world’s most vital oil shipping lanes.
Recent U.S. strikes on Iran have raised concerns over the security of the Strait of Hormuz, a key maritime chokepoint through which about 20% of global oil and gas supplies pass. As tensions rise, at least two supertankers temporarily changed course near the strait, according to shiptracking data.
Fears that Iran might retaliate by closing the strait have pushed oil prices to five-month highs and caused tanker freight rates to more than double in a week. Tanker operators are now adjusting routes, pausing near Oman, or minimizing time inside the Gulf.
Meanwhile, shipping activity in the region has decreased—entry of empty tankers into the Gulf has dropped 32%, and departures of loaded vessels are down 27% compared to early May.
Some Japanese and Taiwanese companies said their ships are still transiting the strait but with stricter safety protocols. Iran's parliament has passed a measure to close the waterway, though any action would need approval from its top security body. Historically, Tehran has threatened closures but never implemented them.
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Iranian Foreign Minister Abbas Araghchi and U.S. Vice President JD Vance have arrived in Islamabad for talks aimed at easing regional tensions, as Pakistan hosts the discussions. Meanwhile, Lebanon and Israel are set to hold rare negotiations in Washington next Tuesday.
Ismail Omar Guelleh has been re-elected for a sixth term with 97.8% of the vote, according to state media, extending his nearly three-decade hold on power in the small but strategically significant East African nation.
Kazakhstan and Armenia are moving to deepen bilateral ties as shifting dynamics in the South Caucasus reopen long-blocked transport routes and create new economic opportunities.
Australia and Singapore have agreed to deepen cooperation on energy security as global fuel markets come under strain from disruption linked to the conflict in the Middle East.
Israeli Prime Minister Benjamin Netanyahu says he has given an instruction for Israel to begin peace talks with Lebanon that would also include the disarming of Hezbollah.
Iranian Foreign Minister Abbas Araghchi and U.S. Vice President JD Vance have arrived in Islamabad for talks aimed at easing regional tensions, as Pakistan hosts the discussions. Meanwhile, Lebanon and Israel are set to hold rare negotiations in Washington next Tuesday.
Amid fragile calm, António Guterres urged constructive U.S.- Iran talks, while Pope Leo XIV warned violence is spreading. Lebanon's President said an Israeli strike killed 13 security personnel in Nabatieh.
Dubai has restricted foreign airlines to one daily flight to its airports until 31 May due to the Iran crisis, raising fears of significant revenue losses for Indian carriers, industry letters show.
Memorial events were held in Tehran’s main squares on Wednesday (8 April) to mark the 40th day since the killing of former Supreme Leader Ayatollah Ali Khamenei, who died during U.S.-Israeli attacks on 28 February.
Ismail Omar Guelleh has been re-elected for a sixth term with 97.8% of the vote, according to state media, extending his nearly three-decade hold on power in the small but strategically significant East African nation.
Australia and Singapore have agreed to deepen cooperation on energy security as global fuel markets come under strain from disruption linked to the conflict in the Middle East.
Donald Trump’s flagship plan for post-war Gaza has come under scrutiny after reports that its financing is falling short of expectations, claims firmly rejected by the White House-backed Board of Peace.
A charity co-founded by Prince Harry in honour of his late mother, Princess Diana, is suing him for libel at the High Court in London, according to a court record published on Friday (10 April).
The European Union and Washington are nearing an agreement to coordinate the production and security of critical minerals, Bloomberg News reported on Friday (10 April).
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