Tag:

Hormuz

No friends, only interests: Why China sidelined Iran

Editor’s note: Moses Becker is a special political commentator for News.Az. He holds a PhD in political science and specialises in inter-ethnic and inter-religious relations. The views expressed in this article are those of the author and do not necessarily reflect the position of News.Az.

19 May 2026-09:20
Iraq collects $1B from April oil sales

Iraq’s oil ministry reported Monday that oil exports generated just over $1 billion in April, a steep drop from $6 billion in February, before the US-Israeli conflict with Iran began and the Strait of Hormuz was blockaded.

19 May 2026-01:04
CENTCOM reports 84 ships rerouted amid Iran maritime blockade

The US Central Command (CENTCOM) announced Monday that 84 commercial vessels in the Strait of Hormuz have been rerouted since the US began its blockade of Iranian ports.

18 May 2026-19:30
Iran maritime body warns unauthorised transit through Strait of Hormuz is illegal

Iran’s Persian Gulf Strait Authority (PGSA) has said that all navigation through the designated waters of the Strait of Hormuz must be coordinated with the body, warning that any passage without authorisation will be considered illegal.

18 May 2026-17:52
Iran’s Strait of Hormuz authority launches official X account

Iran’s authority overseeing the Strait of Hormuz has launched an official account on the social media platform X, as it moves to expand its communications and management of the key shipping route.

18 May 2026-17:19
Meloni urges EU to ease fiscal rules over energy crisis

Italian Prime Minister Giorgia Meloni has called on the European Commission to relax EU fiscal rules for households and industries facing rising energy costs, arguing that energy security should be treated with the same urgency as defence.

18 May 2026-14:44
Gold slips as Middle East tensions fuel bond market turmoil

Gold held onto its decline as the lack of progress in reopening the Strait of Hormuz continued to fuel inflation concerns that have pressured bond markets globally.

18 May 2026-13:34
Iran and Oman developing Strait of Hormuz transit mechanism

Iran says it is working with Oman on designing a new mechanism to regulate transit through the Strait of Hormuz, Foreign Ministry spokesman Esmaeil Baghaei has said.

18 May 2026-13:05
New Strait of Hormuz shipping mechanism discussed by Iran, Oman

Iran and Oman have initiated high-level technical negotiations aimed at establishing a new framework to ensure safe maritime transit through the highly strategic Strait of Hormuz.

18 May 2026-11:58
Central Asia’s resources expand globally with SOCAR expertise and BP investment

Amid the ongoing crisis surrounding the Strait of Hormuz, the global oil market is rapidly approaching a period of heightened turbulence. International analytical centres are reporting an unprecedented decline in global reserves: according to estimates by Morgan Stanley, reserve volumes fell by nearly 5 million barrels per day in March and April alone. Such a rapid market drawdown has not been seen even during previous energy shocks.

18 May 2026-11:36