Tag
Trump dropped a proposed 20 percent Hormuz transit fee hours before it was set to take effect, saying Gulf states will make investment deals with the US instead. Oil rose two percent as US strikes on Iran continued for a third night and regional exchanges escalated across Jordan, Bahrain, and Kuwait.
The US has blockaded Iran's Strait of Hormuz, with the Pentagon claiming 34 ships turned back, while shipping firm Hapag-Lloyd says one vessel got through. The move is disrupting global fuel supply and drawing urgent calls from EU leaders for the strait to reopen. Switzerland is gradually reopening its Tehran embassy
Tag
Trump dropped a proposed 20 percent Hormuz transit fee hours before it was set to take effect, saying Gulf states will make investment deals with the US instead. Oil rose two percent as US strikes on Iran continued for a third night and regional exchanges escalated across Jordan, Bahrain, and Kuwait.
1mo ago · 4 min · Global Affairs
The US has blockaded Iran's Strait of Hormuz, with the Pentagon claiming 34 ships turned back, while shipping firm Hapag-Lloyd says one vessel got through. The move is disrupting global fuel supply and drawing urgent calls from EU leaders for the strait to reopen. Switzerland is gradually reopening its Tehran embassy
4mo ago · 2 min · Global Affairs
— End of feed —