Indonesia reassures no tolls for ships in the malacca strait after global concern

Indonesia reassures no tolls for ships in the malacca strait after global concern

Indonesia has officially clarified that it has no intention of charging tolls on vessels passing through the strategically vital Malacca Strait, calming concerns that arose earlier this week. Finance Minister Purbaya Yudhi Sadewa addressed the issue on Friday, reaffirming that the country will not impose any tariffs on ships navigating one of the world’s busiest […]

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ships begin paying as iran reports first earnings from hormuz strait tolls

ships begin paying as iran reports first earnings from hormuz strait tolls

Iran has announced that it has started earning revenue from newly imposed tolls on ships passing through the Strait of Hormuz, marking a significant development amid rising tensions in the region. According to Hamidreza Hajibabaei, the first batch of toll payments has already been received and deposited into the country’s central bank. The statement, shared […]

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No peace in sight: Iran seizes ships as oil surges past $100, Trump delays strikes

No peace in sight: Iran seizes ships as oil surges past $100, Trump delays strikes

Tensions in the Middle East continue to rise as Iran seized two ships in the Strait of Hormuz, tightening its hold over one of the world’s most critical oil routes. The move came just as former US President Donald Trump decided to delay planned military strikes, signaling uncertainty rather than resolution. Despite stepping back from […]

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f-16 deal controversy triggers resignations as peru freezes $3.5 billion defense agreement

f-16 deal controversy triggers resignations as peru freezes $3.5 billion defense agreement

Peru has been thrown into fresh political turbulence after a major defense deal with the United States was abruptly put on hold, sparking high-level resignations and raising concerns about the country’s global credibility. On Wednesday, Peru’s foreign minister Hugo de Zela and defense minister Carlos Diaz stepped down in protest after interim president Jose Maria […]

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