Oil Prices Rise After Iran Restricts Access to Strait of Hormuz and Ceasefire Nears Expiration
Iran says it will keep limiting traffic until the U.S. blockade ends, as mediators seek new talks before the ceasefire expires.
- On Saturday, Iranian Revolutionary Guard gunboats fired on a tanker and hit a container vessel near the Strait of Hormuz, forcing two India-flagged ships to retreat mid-transit.
- President Donald Trump stated the U.S. blockade of Iranian ports will "remain in full force" until Tehran reaches a deal, prompting Iran to continue enforcing restrictions on vessels attempting passage.
- India's Foreign Ministry summoned the Iranian ambassador over the "serious incident" of firing on merchant ships, while Iran's Supreme National Security Council vowed to maintain oversight of the strait.
- Hostilities threaten to deepen the global energy crisis as the war enters its eighth week, with the fragile ceasefire between the United States and Iran set to expire by Wednesday.
- Pakistan is expected to host a second round of negotiations early next week as mediators work to bridge differences and discuss new proposals from the United States.
56 Articles
56 Articles
Iran doubles down on closing the Strait of Hormuz as the ceasefire inches toward expiration - The Morning Sun
CAIRO (AP) — Iran doubled down on its pledge to restrict ships passing through the Strait of Hormuz as long as the U.S. blockade of Iranian ports remains in place, as mediators scrambled to secure further talks before the ceasefire expires this week. Iranian parliamentary Speaker Mohammed Bagher Qalibaf said in a televised interview that Tehran would continue to threaten commercial vessels transiting the critical waterway, after it fired on ship…
Iran warns Strait of Hormuz will stay restricted as ceasefire deadline looms
Iran has warned it will keep restricting ships in the Strait of Hormuz, raising the risk of renewed disruption to global oil supplies just days before its ceasefire with the US is due to expire. The warning came after Donald Trump said the blockade on Iranian ports would “remain in full ...
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