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
A new Iranian offer suggests the country would open the Strait of Hormuz, a vital shipping lane that carries about 20 % of global oil and gas, and lift the U. S. blockade. In exchange, Iran would pause nuclear negotiations until a later stage, hoping to secure a more favorable climate for talks. The
Trump has warned Iran that it needs to act quickly, hinting at stronger military options for the Strait of Hormuz after talks broke down. The U. S. is keeping a naval blockade in place, effectively choking a vital trade route for two months. This blockage has pushed gas prices in the U. S. to $4. 23
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
The cryptocurrency surged to a 12‑week peak of about $79, 400 early Monday. Soon after, sellers entered the market during Asian trading hours and pushed prices down to roughly $77, 700. Ether, Solana, and BNB also slipped in the same session, mirroring Bitcoin’s pullback. The rally was spar
Military leaders from over thirty countries will spend two days in London mapping out ways to keep the Strait of Hormuz open for ships once fighting stops. Their work follows a week of video calls where more than fifty nations—spread across Europe, the Middle East, and Asia—agreed to join a British-
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
