News
May 8, 2026
Iran’s grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East. It has also left tens of thousands of mariners and hundreds of ships stranded in the Persian Gulf.
May 7, 2026
The U.S. Court of International Trade has ruled that a temporary 10% global tariff President Donald Trump installed earlier this year is illegal.
May 3, 2026
President Donald Trump said the U.S. will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz starting May 4.
April 27, 2026
Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the U.S. lifting its blockade on the country and an end to the war, while proposing that discussions on the larger question of its nuclear program would come in a later phase, two regional officials said Monday.
April 20, 2026
Observed transits of commercial ships through the Strait of Hormuz have come to a halt following a brief surge on April 18, as tensions ratcheted higher after vessels came under gunfire in the waterway and Iran warned against crossings.
April 14, 2026
A third Iran-linked tanker was entering the Gulf via the Strait of Hormuz on Tuesday on the first full day of the U.S. blockade on vessels calling at Iranian ports, shipping data showed.
April 13, 2026
A U.S. blockade of Iran's ports and a partial blockade of the Strait of Hormuz, a chokepoint for shipments of oil, fertilizer and other vital goods, began Monday at 10 a.m. EDT.
April 9, 2026
The U.S. will apply a 50% tariff on goods from countries supplying military weapons to Iran, effective immediately, President Donald Trump said in a Truth Social post Wednesday.
April 7, 2026
The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund told Reuters on Monday, ahead of a fresh forecast for the world economy planned by the global lender for next week.
April 2, 2026
The United Kingdom is planning to bring together 35 countries to look into ways to reopen the Strait of Hormuz, but will exclude the U.S. from the talks, as nations look to address the crisis without President Donald Trump at the table.