Euro remains steady under mid-1.1400s as Hormuz concerns strengthen demand for safe-haven USD
The EUR/USD pair began the week rather quietly, hovering in a limited range below the mid-1.1400s during the Asian session. Nevertheless, current levels are close to last Thursday’s high, which was the strongest in nearly two weeks, despite a mix of economic signals. Tensions in the Strait of Hormuz remain elevated, as Iran aims to […]
OPEC+ agrees to raise oil production as exports from the Strait of Hormuz rebound
OPEC+ announced on Sunday that it has agreed to increase production targets beginning in August, aiming to boost global supplies as oil prices continue to decline due to the gradual reopening of oil exports through the Strait of Hormuz. During an online meeting, oil producers decided to raise production by 188,000 barrels per day starting […]
Qatar’s Discussions with Iran End Without Progress on Strait of Hormuz
U.S.-Iran Indirect Talks Conclude in Qatar Indirect discussions between U.S. and Iranian officials wrapped up in Doha, Qatar, on Wednesday. Despite claims of “positive progress” from Qatari and Pakistani mediators, it seemed that no advancement was made on critical issues like navigation safety in the Strait of Hormuz. Mediators found it challenging to clarify the […]
Iran Seeks Authority over Strait of Hormuz as Discussions with U.S. Restart
U.S. and Iran Engage in Indirect Talks in Qatar Representatives from the United States and Iran conducted indirect “technical talks” in Doha, Qatar, on Wednesday. These discussions reportedly focused on the full reopening of the Strait of Hormuz, following a memorandum of understanding (MOU) signed in June. Sources from Iran indicated that Tehran aims for […]
Iran strikes at southern shipping route near Oman to maintain control over Hormuz
Iran’s Targeting of Shipping Amid New Routes Iran’s recent assaults on commercial shipping coincides with the United States and Oman starting to redirect ships along a new southern route, which hugs Oman’s coastline—essentially a way to keep this traffic out of Iran’s immediate control. Some former U.S. military officials and regional experts suggest that this […]
German Shipping Company Alerts That Disorder in the Strait of Hormuz Has Become the ‘New Normal’
Hapag-Lloyd Comments on Strait of Hormuz Situation German shipping company Hapag-Lloyd stated on Sunday that chaos in the Strait of Hormuz has become the “new normal,” amidst ongoing concerns of potential Iranian attacks. This comes even after a Memorandum of Understanding (MOU) was established between Tehran and the United States aimed at reopening the strait. […]
Hapag-Lloyd cautions about a ‘new normal’ in the Strait of Hormuz following US-Iran conflicts.
Ceasefire between US and Iran is being tested Shannon Bream of Fox News discusses the growing tensions in the Middle East, while Trey Yingst reports from Tel Aviv. Recently, the United States targeted Iranian missile and drone storage facilities after Iran attacked vessels in the Strait of Hormuz. In addition, Iran dispatched drones towards Kuwait […]
Vessels gradually pass through the Strait of Hormuz as US allies criticize Iran’s response.
Shipping traffic was slow in the Strait of Hormuz on Saturday as U.S. allies in the Gulf expressed strong disapproval of Iran’s recent drone strike on Bahrain. The United Arab Emirates condemned the attack in “the strongest terms,” while Kuwait, which is home to a significant U.S. military base, labeled it a “threat to regional […]
U.S. Hits Iran After Attack on Cargo Ship in Strait of Hormuz
On Friday, the United States conducted strikes against Iran, marking a strong reaction to an attack by Iran on a cargo ship the previous day as it departed from the Strait of Hormuz, according to U.S. Central Command (CENTCOM) officials. A memorandum of understanding for a ceasefire was signed just last week. However, Iran launched […]
US and Iran establish a communication line before clearing mines in the Strait of Hormuz
WASHINGTON — The Trump administration has set up a direct military hotline with Iran, aimed at avoiding further conflict in the Strait of Hormuz. This move comes as international forces gear up for efforts to remove sea mines from this critical shipping route. This proposed communication line between U.S. Central Command and Tehran emerged from […]