Tag: Strait of Hormuz
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US Strikes Iran for Second Time in Three Days
The U.S. military struck Iranian military targets for the second time in three days on Wednesday, May 28, 2026, escalating tensions as Washington and Tehran remain locked in…
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China’s Oil Refineries Cut Output Amid Record Losses
China’s independent oil refineries, known as “teapots,” are slashing output as losses hit $74–$88 per ton, signaling the first visible cracks in the world’s second-largest economy amid disruptions…
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Abbas Araghchi visits Russia after US-Iran negotiations collapse
Iranian Deputy Foreign Minister Abbas Araghchi arrived in Russia this week for meetings with President Vladimir Putin, following the breakdown of recent negotiations in Pakistan and the cancellation…
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Trump Cancels Envoy Trip to Pakistan as Iran-US Talks Stall Amid Rising Oil Prices
Donald Trump called off a planned visit by his envoys to Pakistan for talks with Iran, shortly after Tehran’s foreign minister left Islamabad following discussions with Pakistani officials.…
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European NATO allies plan maritime patrol for Strait of Hormuz
Europe’s NATO allies are preparing an international maritime patrol and mine-sweeping operation for the Strait of Hormuz after hostilities end, according to Katya Adler’s report for the BBC.…
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Iran deposits first shipping toll revenue from Strait of Hormuz
The first revenue from Iran’s newly imposed tolls on ships passing through the Strait of Hormuz has been deposited into the Central Bank, according to the deputy speaker…
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Iran Seizes Two Ships in Strait of Hormuz Amid Escalating U.S.-Iran Tensions
Iranian forces seized two commercial vessels in the Strait of Hormuz on Wednesday, marking the first such action since hostilities between the United States and Iran began on…
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Karex Industries raises condom prices 20-30% due to Iran war supply chain disruptions
Karex Industries, the world’s largest condom producer, is preparing to increase prices by 20% to 30% as the Iran war disrupts global supply chains for raw materials derived…
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European airlines warn of jet fuel shortages as Iran war drives long-haul fares up $105 per flight
European airlines are facing a dual crisis as the Iran war disrupts jet fuel supplies and pushes ticket prices to record highs, with long-haul fares from Europe rising…
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Iran Warns Against Pakistan Talks, Calls US Vessel Seizure Provocative, Ready to Reveal New Battlefield Cards
Iran’s parliamentary speaker Mohammad Bagher Ghalibaf warned the country would not attend peace talks in Pakistan while under threat and said Tehran was “prepared to reveal new cards…
