Iran Opens Strait of Hormuz as Ceasefire Holds
Iran's foreign minister Abbas Araghchi announced the Strait of Hormuz is fully open to commercial shipping. Oil prices dropped 10 percent and global markets surged on the news.
Iran's foreign minister Abbas Araghchi announced the Strait of Hormuz is fully open to commercial shipping. Oil prices dropped 10 percent and global markets surged on the news.
The US naval blockade of Iranian ports has not closed the Strait of Hormuz itself. Analysis shows why commercial shipping continues while Iranian maritime trade remains effectively strangled.
Analysis of the Houthi movement's calculated entry into the US-Iran conflict, their complex relationship with Tehran, and the strategic calculus behind their restraint on Red Sea shipping — so far.
Britain gathers foreign ministers from 40 countries for a virtual summit on reopening the Strait of Hormuz, where Iranian attacks have halted commercial shipping since the war began. The United States declined to attend.
International agreement allows resumption of Ukrainian grain exports through Black Sea corridor, addressing global food security concerns