China has begun drawing on its commercial oil stocks to counter the shortage caused by the war in Iran. The country’s biggest buyer of petroleum is also cutting refinery output and limiting fuel exports to keep the situation stable. Experts estimate that China will pull about one million barrels
The United States recently announced new restrictions on Iran’s military-linked oil shipments, adding pressure to global oil markets already affected by regional conflicts. Eight ships, flying flags from Marshall Islands, Comoros, and Panama, were named in the move. Their role? Transporting Iranian
Pakistan’s foreign minister met with Iran’s counterpart on Friday, aiming to push forward a plan that could bring an end to the war between the United States and Israel. The talks come at a time when Washington and Tehran still clash over Iran’s uranium stockpile and the control of the Strait of Hor
Iran has introduced a new system called Hormuz Safe, a digital insurance platform to help ships pass safely through the Strait of Hormuz. Instead of traditional insurance, vessels will pay using cryptocurrency. The plan is led by Iran’s Economy Ministry, which claims it can manage the strait better
The United Nations sees a new twist in the debate over the Strait of Hormuz. China’s representative to the UN, Fu Gong, openly questioned a draft resolution that the United States and Bahrain have pushed forward. He said the wording was wrong and the moment was off, warning that a vote would likely
The meeting in Beijing between the U. S. and China leaders was not just about trade or Taiwan; it also tackled a hot issue: Iran’s nuclear ambitions. The U. S. president said he is tired of waiting for Iran to change its course and that the two countries had agreed that Iran must not acquire a nucle
Trump is set to meet Xi Jinping this week, hoping Beijing will help end the costly war in Iran. The president expects China to push Tehran back to negotiations, but Beijing may have other priorities. China buys a lot of Iranian oil and has strong ties with the Middle East. It wants the Strait of Ho
The UK is boosting its military presence in the Strait of Hormuz, a narrow waterway where one in every five barrels of global oil moves through. London announced it will send advanced mine-hunting drones, Typhoon fighter jets, and the HMS Dragon warship to join an international effort aimed at prote
South Korean authorities have begun looking into an explosion and blaze that hit a Korean‑run vessel in the waters near the Strait of Hormuz. The incident happened on Monday while the ship was anchored close to the United Arab Emirates, and it caused damage in the engine room. The crew of 24, which
President Trump posted on his social media that three U. S. Navy destroyers successfully moved through the Strait of Hormuz while facing enemy fire. He said the ships suffered no damage, but that Iranian attackers were heavily hit and many of their small boats were destroyed. The statement came afte
