Tag: oil trade

Iran warns ships crossing Strait of Hormuz without approval may face action

Iran warns ships crossing Strait of Hormuz without approval may face action

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Iran’s Revolutionary Guards have issued a stern warning to vessels transiting the Strait of Hormuz, saying any ship crossing the strategic waterway without authorisation from Iran “will be dealt with.” The statement comes as uncertainty continues over the future governance of the Strait of Hormuz, one of the world’s most important maritime trade routes and […]

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Iran says Strait of Hormuz will not return to pre-war conditions

Iran says Strait of Hormuz will not return to pre-war conditions

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Iran has declared that the Strait of Hormuz, one of the world’s most strategically important shipping routes, will no longer operate under the same conditions that existed before the recent conflict in the Middle East. Speaking after diplomatic talks in Switzerland, Iran’s chief negotiator, Mohammad Bagher Ghalibaf, said the waterway would now be administered by […]

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