Tag:

Strait

Qatar supports US-Iran dialogue, calls to reopen Hormuz Strait

On Tuesday, Qatar voiced its backing for the Pakistan-mediated diplomatic talks between the US and Iran and urged the reopening of the Strait of Hormuz to maritime traffic.

19 May 2026-18:30
Explosions reported on Iran’s Qeshm Island in Strait of Hormuz amid air defence activity

Explosions were reported on Iran’s Qeshm Island on Tuesday afternoon, according to the semi-official Mehr News Agency, which said the cause of the incident remains unknown. The island, located near the strategic Strait of Hormuz, has recently seen heightened military and security activity, with no official confirmation yet from Iranian authorities.

19 May 2026-16:30
G7 finance ministers meet in Paris to address Hormuz crisis and global economic risks

G7 finance ministers have gathered in Paris for talks aimed at addressing global economic instability, with a major focus on the escalating crisis in the Strait of Hormuz. The meeting brings together leading economies to discuss structural weaknesses in the world economy and ways to contain the broader economic fallout from ongoing geopolitical tensions.

19 May 2026-13:57
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
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