Port operator plans east coast facility in Fujairah to cut Dubai's reliance on Jebel Ali and reduce exposure to Strait of Hormuz disruptions

UN shipping body says there's no legal basis for the toll as oil prices jump amid fresh Iran tension over the vital waterway

Iran and the United States traded attacks across the Gulf as Tehran said it had again closed the Strait of Hormuz, raising concerns over energy supplies and regional security.

The Turkish foreign minister acknowledged Iran's 12-nautical-mile territorial waters in the all-important waterway, even as Ankara continues to dispute Greece's right to apply the same UNCLOS provision in the Aegean

Foreign Ministry spokesman Esmaeil Baghaei said Iran is determined to retain control over the strait, while a new round of talks with Qatar on the US deal is expected Wednesday

Iran's state news agency Mehr reported that Tehran accused the United States and Israel of violating the ceasefire set out in a memorandum of understanding underpinning.

25 commercial vessels crossed the strategic waterway on Thursday, five times above the early-June daily average, following the US-Iran preliminary agreement

Reuters cites a document outlining a proposal for the ASPIDES operation to assume primary responsibility for clearing mines in the Strait of Hormuz, if approved by all EU member states

VP JD Vance says any agreement with Iran will include a two-stage verification process and that Washington expects the Strait of Hormuz to remain open without transit fees

The bloc targets an IRGC naval unit and two individuals over actions it says threatened freedom of navigation through the key oil shipping route, marking the first use of its new sanctions powers on the issue.

At the TradeWinds Shipowners Forum, on the sidelines of Posidonia 2026, the chairman of Capital Maritime & Trading argued that a transit fee would beat years of war-risk premiums — and spoke about the day after in the markets, the 'dark fleet' and the strength of Greek shipping

Several energy carriers have successfully exited the Strait of Hormuz amid disrupted Gulf shipping, transporting LNG and crude oil cargoes to Pakistan, China and India

Speaking at a Eurogroup meeting in Nicosia, the Greek Finance Minister highlighted Europe’s economic resilience amid inflationary pressures, while stressing coordination on energy shocks, housing policy challenges, and the planned Digital Euro.

Mitsotakis highlighted the significance of Article 42(7) of the European Union treaty, which concerns mutual defense assistance among member states, referring to the recent crisis involving Cyprus.