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Hormuz Strait
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Saudi Arabia has recorded a sharp increase in its budget deficit, driven by declining oil revenues amid disruptions linked to the effective closure of the Strait of Hormuz.06 May 2026-16:36
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Brent crude continued to decline amid growing hopes that the Strait of Hormuz could soon reopen, easing supply concerns in global oil markets.06 May 2026-16:00
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Iran’s Foreign Minister Abbas Araghchi said on Wednesday that China views Iran as having entered a new phase following the war, with strengthened international standing and prospects for expanded cooperation.06 May 2026-15:37
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Iranian officials have said that air defence systems confronted suspected spy drones over Qeshm Island, explaining that loud sounds reported in the area were not caused by explosions or damage.06 May 2026-09:35
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Türkiye and Saudi Arabia are set to sign an agreement to ease visa requirements for holders of special and diplomatic passports during talks in Ankara on Wednesday, according to a Turkish diplomatic source.06 May 2026-09:15
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Iran has officially introduced a new system to regulate maritime traffic through the strategic Strait of Hormuz.05 May 2026-23:55
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