ASEAN has called on the United States and Iran to continue diplomatic talks, while simultaneously urging the safe and unimpeded passage of vessels through the Strait of Hormuz. The bloc's position signals collective concern among Southeast Asian economies about potential disruption to one of the world's most critical maritime chokepoints, through which a significant share of global oil and liquefied natural gas shipments transit. The Strait of Hormuz connects the Persian Gulf to the Gulf of Oman and serves as the primary export route for Gulf producers including Saudi Arabia, the UAE, Iraq, and Kuwait. Any sustained closure or harassment of shipping in the strait would ripple directly into energy prices and freight costs, with outsized exposure for Asian import-dependent economies. ASEAN's dual call, for talks and for open sea lanes, reflects the bloc's economic vulnerability to energy supply disruption and its traditional preference for de-escalation over alignment. How Washington and Tehran respond to the diplomatic pressure, and whether shipping activity through the strait remains stable, are the immediate indicators to track.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as