Iran has threatened to block more key trade routes across the Middle East as the US launches a fresh round of strikes against military targets and Donald Trump issues a stern warning if a deal isn’t settled.
The president is accustomed to forcing other countries to bend to his will. But he is struggling to come up with a strategy to extract Iranian concessions as the cease-fire he brokered collapses.
Shipping industry still waiting for a strait answer as President Donald Trump changes fee proposal to only guaranteeing safe passage to vessels from states that agree to invest in the United States
The Economist: One reason prices have not risen further is that oil markets still deem it likely that, with mid-term elections four months away, Donald Trump will cave.
Donald Trump has abandoned plans to impose a 20 per cent levy on cargo passing through the Strait of Hormuz as the US fires more strikes against Iran and a blockade on Iranian shipping comes into effect.
WASHINGTON POST: The deal that the United States and Iran struck last month to reopen the Strait of Hormuz and negotiate over Tehran’s nuclear program was merely ‘a test’, US President Donald Trump said.
The US Navy has revealed when it will begin enforcing a naval blockade on Iranian shipping in the Strait of Hormuz as President Donald Trump declares the US will carry out more strikes.
A fragile ceasefire has unravelled into fresh chaos in the Strait of Hormuz, as a controversial Trump-brokered deal is blamed for handing Iran sweeping control over one of the world’s most critical oil routes.
Fresh US strikes have escalated tensions in the Middle East after Iran declared the Strait of Hormuz closed following an attack on a commercial vessel.