Tehran has proposed to the US a deal focused on reopening the Strait of Hormuz and ending the war, while deferring nuclear talks to a later stage. The White House received the proposal but has not committed to engaging with it

Global oil markets are facing unprecedented disruption as conflict in the Middle East restricts flows through the Strait of Hormuz. Industry leaders warn the loss of supply could reshape energy, food, and industrial markets worldwide, with risks extending beyond oil

Oil prices fell by more than 9% following Iran's announcement

Tehran says all commercial vessels can pass freely through the strategic waterway for the duration of the Lebanon ceasefire, linking the move to the broader truce in the region.

The US and Iran may be preparing for a new round of negotiations this week aimed at de-escalating the conflict.

Iran’s state-run Fars news agency reported Wednesday that tanker traffic through the Strait of Hormuz had been halted following what it described as an Israeli violation of the ceasefire agreement. A separate Iranian outlet, Press TV, citing unnamed sources, reported that Tehran would “punish” Israel over attacks against Lebanese Hezbollah carried out in breach of […]

Greece's permanent representative to the UN also thanked Bahrain for its “tireless efforts” in drafting the text, while also expressing regret that 'its adoption was not possible today'

Greek Foreign Minister stresses the need for a durable, multilateral approach to ensure free and safe shipping through the Strait of Hormuz amid disruptions from the U.S.-Israeli war on Iran

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.