…by Yemen's Houthis on two Saudi oil tankers, escalating disruptions to global oil shipping through both the Red Sea and the Strait of Hormuz. Houthi militia confirmed targeting the two Saudi Arabian vessels in a military operation.One of the two vessels was reported to be ablaze after an assault while sailing in the Re…

…Rubio said.Rubio defended the military action, accusing Iran of targeting commercial shipping in the Strait of Hormuz and attempting to rebuild its missile and drone capabilities. Iranian Foreign Ministry spokesman Esmaeil Baqaei, however, said diplomatic contacts between both countries were still ongoing through media…

…It noted that no environmental impact had been reported. The latest incident came as shipping traffic through the Strait of Hormuz slowed significantly following a series of attacks and harassment of commercial vessels by Iran, prompting many tanker operators to suspend attempts to transit the strategic waterway. Late…

…strikes against Iran focused on "degrading" the nation's capacity to target commercial shipping in critical maritime corridors. Within Iran, explosions were reported in Tabriz, Chabahar, Konarak, Bandar Mahshahr, and Bandar Imam Khomeini, with state news agency IRNA reporting one fatality and several injuries southwest…

…in the global oil supply chain and the world’s reliance on a handful of strategic shipping routes? I totally agree, and I think the world has learnt quite a lot of lessons that oil cannot continue to be a major source of our energy mix. You would have noticed how the demand for other renewables increased in the course…

…scheduled deliveries come as importers grapple with a sharp increase in global shipping costs following disruptions to key trade routes in the Middle East.From breaking news to viral moments. Follow Legit.ng on Instagram.Industry data indicates that freight rates have climbed by about 25%, significantly raising the cos…

…it is merely a negotiating tactic aimed at getting Iran to pause its military strikes on shipping in the area.” Equity markets mostly rose after seeing through the day, though confidence remains fragile as traders worry that the sector’s AI-led rally has gone too far. Seoul was again at the forefront of the action, end…

…military confrontation between the United States and Iran heightened concerns over shipping through the Strait of Hormuz, one of the world’s most critical oil transit routes. The latest escalation came as United States President Donald Trump announced plans to impose a 20 per cent charge on cargo passing through the St…

…on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz”. The reimposed blockade would begin at 2000 GMT on Tuesday, CENTCOM said, as oil prices shot up more than nine percent after both sides traded attacks, raising fears of renewed conflict. In a post o…

…and prepared to ensure that freedom of navigation remains available to commercial shipping despite Iran's continued unwarranted aggression, harassment, threats, and arbitrary declarations," CENTCOM wrote. Iran's Islamic Revolutionary Guard Corps responded to the wave of attacks with targeted strikes on US infrastructur…

…Tehran issued conflicting declarations over whether the Strait of Hormuz remains open to shipping. Iran responded in the early hours of Sunday with drone and missile assaults on American allies across the Middle East, including Kuwait, Jordan and Qatar. So far, only minor damage was reported and no casualties. Going fu…

…depend largely on the Naira exchange rate, as well as port charges, customs valuation, shipping costs and other taxes, which still account for a significant share of the landed cost. The post Car dealers express mixed reactions over lower vehicle import duties appeared first on Vanguard News.

…in response to U.S.-Israeli military action and has since announced plans to regulate shipping through the strait, including imposing transit fees. The United States has rejected the move, arguing that international law protects freedom of navigation through the waterway, which is one of the world's most important rout…

…to a final deal is the future of the Strait of Hormuz, which Iran closed to commercial shipping during the war in retaliation for US-Israeli strikes. The waterway is a key conduit for oil and gas exports out of the energy-rich Gulf countries, and its closure has heavily impacted the world economy. Iran insists on contr…

…Corps were among the targets hit, in a bid to impose a heavy cost on Iran for strikes on shipping in violation of the cease-fire. "The unwarranted aggression by Iranian forces is a clear and dangerous violation of the cease-fire and undermines freedom of navigation," CENTCOM said in a statement.Iran's top joint militar…

…worse” if Tehran continues to attack vessels in the Strait of Hormuz, the vital oil shipping channel. Iran state media reported explosions in multiple locations along the southern Iranian coast after US Central Command announced a new wave of strikes. Warplanes were heard over Kish Island and explosions rocked the port…

…(IRGC) were among the targets hit, in a bid to impose a high cost on Iran for strikes on shipping in violation of the ceasefire. The IRGC said it targeted US military sites in Bahrain and Kuwait in retaliation. Iran's top joint military command, Khatam al-Anbiya Central Headquarters, condemned the US strikes as a "blat…

…sparked by Iranian attacks on ships in the vital Strait of Hormuz. The strategic shipping route remains a flashpoint in the conflict, which began in late February with massive US-Israeli strikes on Iran. Tehran insists on controlling the waterway, saying it will charge fees for passage and threatening to hit vessels th…

…forestall such a situation, he said the Council immediately engaged terminal operators, shipping companies and other stakeholders. According to him, stakeholders agreed that any complaint arising from delays directly linked to the implementation of the National Single Window would be considered on a case-by-case basis.…

…and other required credentials. Each submission is digitally reviewed by the Agency's Shipping Master, who approves compliant documents or returns rejected applications with reasons for correction, ensuring transparency throughout the process. Once all required documents have been approved, applicants select the approp…

…coastal radar positions, were a response to “unwarranted aggression against commercial shipping by Iranian forces” that “clearly violated the ceasefire”. But Iran lashed out at the attacks after its Revolutionary Guards launched its own retaliatory strikes. “These brutal attacks, which targeted Iranian coastal surveill…

…cargo ship in the Strait of Hormuz. “The unwarranted aggression against commercial shipping by Iranian forces clearly violated the ceasefire. “Furthermore, Iran’s dangerous behavior undermined freedom of navigation as commerce increasingly flows through the vital international trade corridor,” CENTCOM said. The attack…

…famous library, remains Egypt's second-largest city after Cairo and a key industrial and shipping hub on the North African coast. Alexandria is home to the Port of Alexandria, one of the largest and busiest ports in the Mediterranean Sea and the most important port in Egypt. It handles a huge volume of cargo, container…

…signed by US President Donald Trump and his Iranian counterpart Masoud Pezeshkian, and shipping traffic had begun to recover. US Central Command said after Iran’s announcement that safe passage through the international waterway had “remained intact” and that US forces were “present and vigilant”. Trump later warned th…

…under fresh pressure after Iran announced the closure of the Strait of Hormuz, a major shipping route for crude oil exports, raising concerns about possible increases in fuel costs across several countries. Iran on Saturday declared the closure of the strategic waterway, accusing Israel of violating a ceasefire agreeme…