Strait of Hormuz
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Iran war redraws sea routes with Africa as the pivot
Global trade routes are shifting due to Strait of Hormuz closures, with shipping rerouted via African ports, increasing costs and delays.
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Prolonged Strait of Hormuz closure to scar global oil markets for years
The world’s worst oil supply disruption in history will take months and potentially years to recover from.
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US examines Iran proposal to unblock Strait of Hormuz
The White House said on Monday it was examining Iran’s latest proposal to unblock the Strait of Hormuz.
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Cape Town urged to capitalise on shipping surge as global routes shift
Cape Town’s port infrastructure must improve urgently to take advantage of increased shipping traffic caused by Middle East disruptions.
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Trump looks for way out of war, but Iran may not oblige
By extending a ceasefire indefinitely with Iran, President Donald Trump appears to be searching for a way out of the war .
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Oil and stocks steady as US-Iran truce expiry looms
Oil prices dipped and stocks mostly edged higher on Tuesday as investors remained hopeful for a deal to end the Middle East war.
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Iran says it will not attend new US peace talks as ceasefire frays
Iran insisted it has no plan to attend a new round of negotiations with the United States on Monday.
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US seizes Iranian ship as Middle East tensions escalate
The United States seized an Iranian cargo vessel in the Gulf of Oman on Sunday as hostilities in the Middle East war intensified.
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Oil plunges, stocks jump as Iran declares Strait of Hormuz open
Oil prices dropped over 10% after Iran declared the Strait of Hormuz open, boosting stock markets and hopes for peace talks.
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Global food crisis looms as Strait of Hormuz standoff chokes agricultural inputs
ROME – The Food and Agriculture Organisation of the United Nations (FAO) issued a stark warning Monday, stating that the world is standing on the precipice of a “perfect storm.”…
