Strait of Hormuz
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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.”…
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The hidden reach of crude oil: From fuel pumps to fertiliser and your phone
The Middle East war spikes crude oil prices, impacting fuel costs and widespread products, threatening food security and manufacturing globally.
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Trump warns ‘whole civilization will die’ in Iran if ultimatum expires
US President Donald Trump warned “a whole civilization will die” in Iran if the country does not open the Strait of Hormuz
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Second Turkish-owned ship and yet another Indian-flagged tanker cross Hormuz strait
A second Turkish-flagged ship has crossed the Strait of Hormuz, which Iran had closed due to escalating conflicts following US-Israeli strikes.
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US petrol price reaches $4 a gallon, highest since 2022
Petrol prices in the US have surpassed $4 a gallon amid the Iran conflict, with further increases expected during summer travel season.
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Ramaphosa forms task team to tackle looming 50% fuel price surge
President Cyril Ramaphosa has established a ministerial task team to mitigate the impact of a fuel price increase set for 1 April, as South Africa braces for what could be…
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Fuel crisis threatens to cripple South African economy as prices set to soar
South Africa’s fuel crisis threatens economic recovery with significant price hikes, causing panic buying and concerns among businesses and consumers.
