As the war between Iran and the US-Israeli alliance enters its 3rd week, U.S. President Donald Trump finds himself in a precarious position, as one after another, his European and Asia Pacific allies are refusing to get involved in any military action to keep the Strait of Hormuz open. Spain said on Monday it […]
Evangelos Marinakis in an intervention article published in the British Telegraph highlights that restoring the free flow of energy from the Gulf demands immediate, co-ordinated action
Prime Minister Keir Starmer says Britain and its partners are developing a collective plan to restore freedom of navigation in the key energy route, warning that reopening the strait will not be easy.
Government spokesperson says Greece is not involved in the Strait of Hormuz despite tensions in the Middle East, stressing the country’s participation is limited to a security mission in the Red Sea
Ministers are also set to discuss whether the mandate of the EU’s small naval mission 'Operation Aspides' could be expanded or refocused to help keep the Strait of Hormuz open.
Japan and Australia say they have no plans to deploy naval vessels after the U.S. president called on major energy importers to help secure the vital Strait of Hormuz during the ongoing Iran conflict
Ships in the Persian Gulf have been sitting ducks for Tehran
The president told his White House team that Tehran would likely capitulate before closing the strait, the world’s most vital shipping lane
This U.S.-centric insurance idea runs counter to the realities of an international market, according to industry executives
Financial Times reports that european governments are seeking guarantees for safe shipping through the Strait of Hormuz as energy flows remain disrupted and Iran’s new supreme leader vows to keep the key waterway closed
'There are, in fact, tankers coming through now, Iranian tankers, I believe some Chinese flag tankers have come through. So, we know that they have not mined the strait'
At least 16 vessels have been hit near the Strait of Hormuz since the war began, including two Greek-owned ships. U.S. Energy Secretary Chris Wright said naval escorts could come “relatively soon,” but added the U.S. military is “simply not ready” to start at the moment
The U.S. has turned down requests to escort ships in the strait. The IEA will launch the largest-ever oil release from emergency stocks
A bulk carrier operated by Greek shipowner Petros Pappas’ Star Bulk Carriers was struck near Dubai Wednesday, one of three vessels hit in separate incidents in the Strait of Hormuz, a critical global energy and shipping corridor.
Tehran is letting ships carrying its crude go through the strait, while it scares off others that would dare
The Netherlands and France are sending warships to protect Cyprus and secure maritime routes as the conflict in the Middle East threatens regional shipping lanes
Iran’s Revolutionary Guards say the Strait of Hormuz will remain open but warn vessels linked to the United States and Israel could be attacked as tensions disrupt shipping through the key oil transit route
The kingdom’s ability to reroute oil flows relies on its East-West pipeline
Ship traffic slowed to a halt after the Iran conflict broke out, stalling oil and container ships
Short-term LNG freight rates have surged over 20%, and VLGC earnings have climbed sharply amid rising market uncertainty.