European NATO members, including the UK and France, say they will not take part in a U.S. blockade of Iranian ports ordered by Donald Trump, instead pushing for a multinational mission to restore navigation once hostilities end

Iranian envoy Mohammad Fathali says Tehran is in “good contact” with New Delhi over Indian vessels passing through the Strait of Hormuz, a key oil route disrupted by the ongoing U.S.-Israeli war on Iran

The U.S. Central Command has notified seafarers of a blockade covering the Gulf of Oman and Arabian Sea, warning that all vessels entering the zone without authorization risk interception as tensions rise in the Iran conflict

Prime Minister Keir Starmer says Britain will not be drawn into the Iran conflict and opposes any blockade of the Strait of Hormuz, stressing efforts to fully reopen the critical global shipping route

Oil prices jumped more than 7% after the US announced plans to block shipping linked to Iran through the Strait of Hormuz, reviving supply fears and pushing crude back above $100 a barrel amid failed peace talks

According to the Financial Times, Europe's airport industry has sounded the alarm over impending jet fuel shortages. ACI has warned EU Commissioner Apostolos Tzitzikostas that systemic supply failures could hit within 3 weeks unless the Strait of Hormuz reopens.

He also warned against any tolls in the Strait of Hormuz, highlighting the importance of freedom of navigation

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 […]

France says over a dozen countries are preparing a coordinated mission to restore safe traffic through the Strait of Hormuz following a US-Iran ceasefire, while EU leaders welcome de-escalation and urge a lasting diplomatic agreement.

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'

Brent crude hovered near 111 euros per barrel, up 0.7% from the previous session, while West Texas Intermediate settled around 115 euros, marking its highest close since June 2022.

The head of the International Energy Agency says the disruption to global energy supplies caused by the Strait of Hormuz blockade is more severe than previous major oil shocks, warning of rising prices and inflation pressures worldwide

The dilemmas facing Athens, the limited scope for intervention in Tehran, diplomatic initiatives, and the implications for the competitiveness of the Greek-owned fleet.

The UN Security Council is set to vote on a revised resolution urging defensive coordination to protect shipping in the Strait of Hormuz, after opposition from China forced removal of language authorizing force

According to market sources, Environment and Energy Minister Stavros Papastavrou is expected to convene a high-level meeting later this week with key energy stakeholders.