U. S. Treasury Secretary Scott Bessent has called on China to take a more active diplomatic role in persuading Iran to reopen the Strait of Hormuz to global shipping. The strait is a critical route for oil exports, and tensions there could disrupt energy supplies worldwide. Bessent argues that since
U. S. officials recently blocked $344 million in cryptocurrency linked to Iran, a move aimed at stopping funds from reaching groups like the Islamic Revolutionary Guard Corps and Hizballah. The freeze happened days after Tether, a major stablecoin company, locked up an identical amount at the govern
A huge Russian yacht named Nord, linked to billionaire Alexey Mordashov, sailed through the Strait of Hormuz on Saturday. The strait is a key route for oil and has been blocked by Iran since February amid U. S. –Iran tensions. The 142‑meter yacht left a Dubai marina at about 1400 GMT on Friday, c
Officials from Finland, Norway, Sweden, and Denmark spoke up after Iran declared the Strait of Hormuz open for ships. The statement followed a truce worked out in Lebanon, which paused a long-running dispute in the area. The Nordic leaders didn’t just cheer Iran’s words—they stressed that real peace
Iran is testing a bold idea: charging oil tankers in Bitcoin to dodge US sanctions. The plan targets the Strait of Hormuz, where one-fifth of the world’s oil passes. Instead of dollars or local currency, ships might pay fees in BTC. But how practical is this? Experts debate whether Bitcoin’s speed
Ukraine’s president recently pitched an idea at a global video meeting: teaming up to keep ships safe in the Strait of Hormuz. The strait is a narrow waterway between Iran and Oman that sees a huge chunk of the world’s oil pass through. He argued that how countries handle Hormuz now could set a patt
The chairman of the Eurozone finance ministers, Kyriakos Pierrakakis, told a Washington event that the worst case—stagflation triggered by the U. S. and Israel’s conflict over Iran—is not yet happening. He said that the sharp jump in oil, gas and fertilizer prices caused by a potential shutdown of
Bitcoin recently fell below $71, 000 after a sudden announcement raised tensions in the Middle East. Traders aren’t just reacting to global politics—they’re also taking profits fast. According to blockchain experts, over $20 million worth of Bitcoin changes hands every hour as investors lock in gain
The U. S. President announced that American troops are beginning to clear the Hormuz Strait, claiming all of Iran’s mine‑laying boats have been sunk. He said the process has started and that the 28 Iranian vessels are now resting on the sea floor. Earlier, the President has said U. S. forces have
The United States plans to reopen the Strait of Hormuz soon, President Trump said on Friday. He did not give details but warned that the move will be difficult. Trump also mentioned help from other nations, though he did not name them. He said that “other countries use the strait … and they’ll he
