News
August 6, 2026
A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet to Iran.
August 6, 2026
PSA Singapore (PSA) has achieved a significant milestone, handling 25 million twenty-foot equivalent units (TEUs) at Tuas Port since operations commenced in September 2022. This achievement reflects the continued ramp-up of operations at the world’s largest fully automated container terminal and underscores Tuas Port’s growing importance as a key node in global trade.
July 30, 2026
Egypt said Thursday that a drone hit two ships at its Mediterranean port of Damietta, as attacks on energy infrastructure widen across the Middle East.
July 22, 2026
The United States is facing mounting challenges in securing commercial shipping through the Strait of Hormuz, as continued Iranian attacks and maritime threats expose the limits of military power in one of the world’s most strategically important waterways.
July 20, 2026
The United States-Mexico-Canada Agreement (USMCA) is a free trade agreement that governs $1.9 trillion in annual trade between the participating countries. It breaks down trade barriers, provides preferential duty treatment, and protects intellectual property, among other provisions. Despite the benefits it provides for the three participating countries, the U.S. chose not to extend the agreement during the first formal review.
July 20, 2026
Energy Secretary Chris Wright on Sunday said the U.S. “will continue to assure flow of traffic” through the Strait of Hormuz more than a week after hostilities between the U.S. and Iran resumed.
July 13, 2026
The United States and Iran each asserted Monday they controlled the Strait of Hormuz after a weekend of attacks across the Middle East, further threatening any diplomacy to end the war.
July 6, 2026
The signing of the US-Iran Memorandum of Understanding and broad sanctions waivers have prompted markets to declare normalcy is returning to the Strait of Hormuz. Crude prices have fallen. Iranian oil is flowing again. The crisis, it seems, is over.
June 23, 2026
Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that constricted global oil supplies and fueled inflation, but questions surrounding control of the vital waterway and whether vessels will be charged tolls to cross it could interfere with negotiations to forge a lasting peace.
June 15, 2026
The United States and Iran reached an initial agreement Monday that would extend their shaky ceasefire and lead to the reopening of the Strait of Hormuz, but significant challenges remain to ending the war, including whether Israel will continue its offensive in Lebanon.