It was not immediately clear how the vessel, which Marine Traffic tracking data shows is sailing south along the coast of Oman, secured safe passage. Published On 3 Apr 20263 Apr 2026 A container ship belonging to French shipping giant CMA CGM has crossed through the Strait of Hormuz, the first such passage by a…
Kampala — The Africa Supply Chain Confederation says the continent is bracing for rising fuel and food prices following the escalating disruptions in the Strait of Hormuz. This critical global oil transit route has been partially blocked due to the war in Iran. Ronald Mlalazi, the Confederation’s President, says the war involving Iran has moved…
Asia-Pacific markets traded mostly higher Friday, after Iran and Oman were reportedly drafting a protocol to “monitor transit” through the Strait of Hormuz, raising hopes that the crucial waterway could partially reopen. Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of…
Washington — President Trump has sent conflicting messages about the Strait of Hormuz over the last few weeks as the world’s oil supply has been choked by the Iran war. In a prime-time address Wednesday, Mr. Trump declared that Iran “has been essentially decimated” and “when the conflict is over, the strait will open up…
Israel’s military said Thursday that it had struck “dozens of headquarters, weapons storage facilities, launch sites, and anti-tank missile positions” belonging to the Iranian-backed Hezbollah group in Lebanon over the last 24 hours. The IDF said it would continue to “operate decisively against the Hezbollah terror organization” in Lebanon “to remove the threat posed to…
President Trump told CBS News Tuesday morning that he is not ready “quite yet” to remove U.S. assets as part of efforts to force Iran to reopen the Strait of Hormuz, despite a Truth Social post suggesting allies need to do it themselves. In a phone call, Mr. Trump reiterated his frustration that other countries,…
Pickleball paddle producer Devi Wei has a message for U.S. shoppers. “Americans will have to pay more,” the Chinese businessman told CNBC at a Beijing trade show last week at the China International Exhibition Center. Because of the recent swings in oil prices resulting from the Iran war and closure of the Strait of Hormuz,…
A crucial early warning radar plane, used to provide commanders with a real-time picture of war, was destroyed in an Iranian attack on the Prince Sultan air base in Saudi Arabia on Friday. PHOTO/UGC. By PATRICK MAYOYO [email protected] The Iranian Embassy in Nairobi has confirmed that maritime traffic through the Strait of Hormuz “has not…
World shares mostly fell and oil gained again on Friday after Wall Street had its worst day since the start of the Iran war over growing doubts about a de-escalation. In early European trading, Britain’s FTSE 100 fell 0.3% to 9,939.96. France’s CAC 40 dropped 0.7% to 7,718.97, and Germany’s DAX lost 1.3% to 22,314.28….
As the United States-Israeli war on Iran enters its fourth week this weekend, pressure on oil and gas markets continues to mount due to severe disruption to shipping traffic through the Strait of Hormuz as well as attacks on and around key energy facilities in the Gulf. In peacetime, 20 percent of the world’s oil…
