Deal to unblock global energy funnel gives Iran say in its future management, and route to riches
Trump threats had created friction at peace talks, which were complicated by fighting between Israel and Hezbollah in Lebanon
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.
Saudi Arabia, the U.A.E. and Iraq are pouring money into pipelines, rail and storage to keep oil flowing even when the strait isn’t
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.
Abu Dhabi is fast-tracking a major pipeline project to bypass the Strait of Hormuz as regional tensions disrupt global energy flows, while India and the UAE deepen defense and energy cooperation during Prime Minister Narendra Modi’s visit
Trump dismissed the proposal in a social media post. “I don’t like it — TOTALLY UNACCEPTABLE,” Trump wrote on Truth Social, without elaborating.
Speaking at a trilateral summit in Amman with Cyprus and Jordan, Greece’s prime minister stressed regional cooperation amid Middle East tensions, highlighting diplomacy, stability efforts, and key priorities including energy, security, and peace initiatives across the region
The United States has temporarily halted a naval operation to escort commercial ships through the Strait of Hormuz as President Donald Trump cites progress toward a potential agreement with Iran amid ongoing tensions in the region
Washington and Bahrain have proposed a UN-backed resolution that could lead to sanctions on Iran and pave the way for a multinational maritime coalition to secure shipping through the Strait of Hormuz
Athens signals stronger diplomatic engagement on maritime security, stressing freedom of navigation as a global responsibility tied to economic stability and food supply chains.
The plan is an arm’s-length effort to unblock the vital supply waterway that doesn’t involve escorts by U.S. warships
Two vessels — a superyacht linked to a sanctioned Putin ally and a loaded LNG tanker — appear to have cleared the Strait of Hormuz, the first signs of movement through a waterway that has been largely shut for two months.