Ships sailing through the Strait of Hormuz risk being hit by missiles, reports Iran's Revolutionary Guard.

For the second consecutive day, stock markets in Europe and Asia are experiencing significant declines, with crude oil and gas prices soaring due to escalating tensions in the Middle East. Fears of a prolonged crisis and a potential blockade of the Strait of Hormuz are causing widespread economic concern.

The country could determine whether to exercise its right to collective self-defense in the event of a blockade of the Strait of Hormuz with missiles from Iran or elsewhere.

With global energy prices on the rise, U.S. President Donald Trump said the U.S. Navy was ready to escort oil tankers through the Strait of Hormuz, the vital chokepoint into the Gulf that Iran has threatened to seal off

A prolonged closure of the Strait of Hormuz is a guaranteed global recession – these words by Bob McNally, former White House energy advisor, are circulating in the media.

An Iranian military official threatened to "set on fire" ships in the Strait of Hormuz, a vital oil transit route.

Portugal's National Energy Sector Entity (ENSE) confirmed the country has 93 days of energy reserves, ensuring supply even in a 'disruption scenario' and stating imports would not be affected by a Strait of Hormuz blockade.

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Trump's national security team comes to convince Congress to back Iran war  The Straits Times

The war in the Persian Gulf has once again made the Strait of Hormuz a critical point for global oil, with approximately 20% of worldwide crude and product flows passing through this narrow waterway.

Iraq reduced production at a major oil field on Tuesday after the Strait of Hormuz was effectively closed, according to an official document and oil ministry sources. The post Iraq reduces production…

China's foreign ministry has urged all parties to avoid escalation and protect vessels in the Strait of Hormuz, as the ongoing conflict in the region drives up shipping costs and oil prices.

A warning from Iran’s Revolutionary Guard to ships passing through the Strait of Hormuz has triggered global market anxiety.

Greece’s shipping minister on Tuesday called for the protection of global shipping and seafarers, amid an “alarming” situation that has left dozens of ships stranded in the Strait of Hormuz and the…

With senior US officials estimating that a war with Iran is now expected to last weeks, not days, and Iran’s declaration of war on Israel and the US, the chances of the Strait of Hormuz being closed…

Twenty Teams Set Sail for Glory at the 2026 Rolex China Sea Race  The Straits Times

Akash Systems has announced the launch of the world's first diamond-cooled AI servers, featuring AMD Instinct™ MI350X GPUs and developed in collaboration with MiTAC Computing.

Iran War: The US Has to Reopen the Strait of Hormuz as Soon as Possible  Bloomberg

Workers in skilled trades set to receive more career help from MOM, starting with electricians  The Straits Times

According to the official doctrine of the Iranian Navy, the primary task is to preserve maritime corridors in the Strait of Hormuz, which Iran considers its exclusive economic zone.

Dubai’s status as a Swiss-style haven is cracking under Iranian strikes  The Straits Times

The Straits Times offers advice on how to excel in performance reviews, providing tips and strategies for employees.

Oil prices jumped on Monday after the spread of war in Iran disrupted tanker traffic through the Strait of Hormuz, highlighting how much that

HONOR has announced a new AI ecosystem vision, urging for open collaboration to unlock new opportunities in AI-powered devices.

Why is S’pore even considering nuclear energy?  The Straits Times

Mibro, a brand known for its sports smartwatches, has announced its expansion into the United States market.

What will happen to the world and Bangladesh if the Strait of Hormuz gets shut down?  The Daily Star

vivo X300 Ultra Showcased at MWC 2026: Transforming Professional Creation with Cutting-Edge Video Capabilities  The Straits Times

(LEAD) Some 40 S. Korean vessels operating around Hormuz strait amid Middle East tensions  Yonhap News Agency

China has voted out three generals from its political advisory body, indicating a potential shake-up or disciplinary action within the military leadership.

Iran 'will burn any ship' in Hormuz: IRGC general  The Daily Star

Taiwan says it hopes Iran’s people can soon enjoy freedom and democracy  The Straits Times

Global oil, gas shipping costs surge as Iran vows to close Strait of Hormuz  The Star | Malaysia

Half a million Indonesians in limbo as Middle East conflict escalates  The Straits Times

India needs contingency plans to ensure oil supply amid Strait of Hormuz uncertainty  Khaleej Times

A daily briefing covering top stories from The Straits Times on March 3, 2026.

The Pasdaran: Strait of Hormuz closed, we will strike anyone who passes. Stock markets pay the price. Businesses alarmed by high instability. Bill and petrol price increases are coming.

Reuters reported that a commander of Iran's elite military force, the Revolutionary Guard, warned through Iranian media that they would block the Strait of Hormuz and set fire to ships attempting to navigate it.

Ben Chu has been looking at what’s happened to marine traffic in the Strait of Hormuz, a key trade passage.

Whole new ball game: Singapore should tap cricket tourism  The Straits Times

Singapore's Prime Minister Wong pledges to prevent job losses due to AI adoption, signaling increased government intervention in the labor market to ensure inclusive growth.

Iran has closed the Strait of Hormuz, the country's Revolutionary Guard forces announced, according to Iranian state media.

Oil climbed to its highest price since June on Monday, as conflict in the Middle East brings with it an inherent risk to the world’s available crude supplies.

Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging Leading maritime insurers have cancelled war risk cover for vessels operating in the Gulf as the…

CBC's senior business correspondent Peter Armstrong explains what's happening around the critical shipping lanes in the Strait of Hormuz on Monday as conflict escalates following U.S.

Although the narrow waterway is easy for Iran to block, playing offence could prevent global economic repercussions

How Iran Conflict Is Disrupting Strait of Hormuz  Bloomberg.com

If the war in the Middle East closes the Strait of Hormuz for a long time, prices may rise sharply. So far, inflationary pressure seems moderate.

Cabinet committee warns Strait of Hormuz tensions may disrupt energy supply chain

US aircraft leave Spain after government says bases cannot be used for Iran attacks  The Straits Times

Explainer-Soccer-Iran and the 2026 World Cup in the US, Mexico and Canada  The Straits Times

“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,” he posted on his platform, Truth Social, on Tuesday. The post Trump promises protection for ships in Strait of Hormuz appeared first on Vanguard News.

Global stock markets, led by South Korea's Kospi, tumbled despite Donald Trump's offer for the US Navy to protect vessels in the Strait of Hormuz, as fears of a new 'tanker war' and disruption to Middle East food imports grow.

Saudi Aramco typically exports the bulk of its crude from ports within the Gulf, but conflict in the Middle East has led to a logjam of vessels.

Oil prices will not be allowed to rise uncontrollably. This was stated by Serbian President Aleksandar Vučić.

Israel and the United States have launched a major joint operation against Iran. The campaign involves extensive strikes targeting Iranian military and nuclear facilities. Iran has retaliated, hitting US diplomatic sites and energy infrastructure across the region. The conflict has spread, causing casualties and displacement. Global energy prices are rising as the Strait of Hormuz remains a point of tension.

Global oil flows through the Strait of Hormuz 호르무즈해협을 통해 흐르는 전세계 석유 The steady flow of Gulf oil to Europe, the US and Asia through the narrow Strait of Hormuz has created the world’s largest oil…

Apple's Tap to Pay technology is being considered as a potential game-changer for hawkers in Singapore, offering a new cashless payment solution.

US Navy 'will begin escorting' oil tankers through the Strait of Hormuz, a strategic waterway, if necessary, Trump says.

The French president wants to form a coalition to guarantee passage through the Strait of Hormuz

Amid the ongoing crisis in Iran, a key question has emerged regarding the status of the Strait of Hormuz, specifically whether it remains open or has been closed.

A high-ranking Iranian official warns that any ship attempting to pass through the key oil shipping lane will be set on fire.

Asian countries, especially those in South Asia, will bear the greatest consequences in energy supply.

Oil from Saudi Arabia and the Emirates can bypass the blocked Strait of Hormuz – says Dagmara Kowalik from Saudi Venture Hub in Riyadh, the capital of Saudi Arabia.

The extension of the conflict, the closure of the Strait of Hormuz, and the interruption of Qatari supply weigh heavily.

An article discusses deterministic paths to business success in the emerging 'Agentic Era', moving beyond traditional telecommunications models.

RevitaLash® Cosmetics Launches 5-in-1 Leave-In Hair Mask & Conditioner  The Straits Times

The closure of the Strait of Hormuz hinders logistics, but energy supply is not threatened.

Clouds obscure blood moon, leaving S’poreans with nearly 3-year wait for next total lunar eclipse  The Straits Times

Banker’s Two Six to extend winning run  The Straits Times

An article provides advice and strategies on how to excel in upcoming performance reviews.

An evening update from The Straits Times summarizes the day's headlines on March 3, 2026.

Singapore announced plans to increase the statutory retirement age to 64 and the re-employment age to 69, effective July 1, as part of ongoing efforts to support an aging workforce.

Iran's threat to bomb anyone attempting to pass through the Strait of Hormuz poses a risk to global energy supply, as about a fifth of the world's oil and gas trade passes through...

Iran warns it will fire at ships trying to pass Strait of Hormuz  thecitizen.co.tz

China urges all sides to cease military operations, safeguard safety of navigation in Strait of Hormuz, FM on claims of China pressuring Iran to keep Strait open  Global Times

Huion Sets New 22-Inch Industry Benchmark with Launch of Kamvas 22 (Gen 3)  The Straits Times

Global oil and gas shipping rates soared, with supertanker costs in the Middle East hitting all-time highs, as the US-Iran conflict intensified after Tehran targeted ships passing through the Strait…

Iran's Revolutionary Guards announced the closure of the Strait of Hormuz, activating Tehran's most powerful geopolitical card and triggering an energy alert for potential price increases.

Kakao Games has released 'SMiniz,' a new mobile game title globally, which is based on intellectual property from the K-pop entertainment giant SM Entertainment.

The Islamic Revolutionary Guard Corps (IRGC) has claimed responsibility for attacking a tanker, reportedly linked to American interests, in the Strait of Hormuz. The IRGC described the strike as retaliation for attacks by the United States.

Iran has said the Strait of Hormuz, through which about 20 million barrels of the world's traded oil moves each day, is closed.

MWC 2026: Top 10 Innovative Highlights from FiberHome  The Straits Times

Basmati rice cargo stuck at Indian ports as Iran crisis hits flows  The Straits Times

Following military operations against Iran by the United States and Israel, ministers have successively made statements regarding the impact on Japan and the country's response. Minister of Land, Infrastructure, Transport and Tourism Kaneko announced that the safety of Japan-related vessels navigating the Strait of Hormuz, a crucial transport route for crude oil and other goods, has been confirmed at this time, and that he is calling for them to anchor in safe locations.

A man in Singapore was sentenced to over three months in jail for misappropriating $12,000 from insurance clients.

Iran not to let oil exports through Strait of Hormuz: military advisor  Global Times

Using missiles, drones, and mines, the Iranians threaten to block the strategic strait through which 20% of the world's oil and 25% of its gas transit.

Every conflict with Iran means more expensive oil, and thus more expensive fuel and higher inflation. Oil prices have already risen sharply. The Strait of Hormuz is closed for

The article discusses the political rise of Pauline Hanson and the broader implications of immigration anxiety in politics.

Iran has threatened to attack any vessel attempting to pass through the Strait of Hormuz, escalating tensions in the critical waterway.

Ferry services are experiencing delays due to rough seas and strong winds, with forecasts predicting three-metre swells and winds up to 74 km/h in the Strait.

An Amazon warehouse employee Bernd Wüstneck/picture alliance via Getty Images Amazon halts e-commerce operations in Abu Dhabi amid Middle East instability. Amazon employees in Saudi Arabia and…

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz Gas prices soar and oil jumps as Iran war pushes down global stock markets The…

Top Energy Analyst Says Iran's Navy Too Weak To Completely Choke Hormuz FGE NexantECA Chairman Emeritus Fereidun Fesharaki told Bloomberg TV on Monday morning that any attempt by the Islamic Revolutionary Guard Corps to choke off the critical Strait of Hormuz using warships, drones, and missiles would likely be short-lived, as the regime's naval capability is too weak to sustain a blockade against U.S., British, and French naval forces. "It's just a fear factor," Fesharaki said ...

Chinese expert weighs in on impact of Strait of Hormuz blockade, Iran’s capability of controlling the strait  Global Times

Denmark has announced the creation of its first two marine national parks in the Øresund and Lillebælt straits, a move celebrated by marine biologists as a victory for marine nature.

The Association of Montenegrin Maritime Captains recommended that Montenegrin seafarers in the Persian Gulf seek disembarkation and onshore accommodation if the Strait of Hormuz does not reopen soon.

An article discusses the potential global economic consequences, particularly on cost-of-living pressures, if the Strait of Hormuz, a critical shipping route for oil, LNG, and fertilizer, were to be disrupted.

Chinese Foreign Ministry spokesperson Mao Ning stated that recent attacks lacked UN Security Council authorization and violated international law, urging an end to conflicts and emphasizing the importance of the Strait of Hormuz.

Indonesia is actively diversifying its oil sources in response to disruptions in the Strait of Hormuz, aiming to secure its energy supply.

Iran's state-run media has claimed that sixth ship has been targetted in the Strait of Hormuz, which t7he Islamic nation has declared shut. The closure is in retaliation to Saturday's air strikes by US and Israel.

Oil Rallies as U.S.-Iran Conflict Threatens Strait of Hormuz Flows  WSJ

“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible." The post Trump promises protection for ships in Strait of Hormuz appeared first…

China on Tuesday appealed to all parties to the conflict to ensure safe passage for traffic in the Strait of Hormuz.

Brodsky Quartet delivered taut ensemble work in Singapore debut The Straits Times

"If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible," Mr. Trump said on his Truth Social platform.

Morning Briefing: Top stories from The Straits Times on March 4, 2026  The Straits Times

US equities joined a global equity rout Tuesday due to surging oil prices, but cut their losses after President Donald Trump announced steps to safeguard commerce in the Strait of Hormuz. The post US stocks cut losses after Trump announces steps to safeguard Hormuz Strait appeared first on Vanguard News.

President Donald Trump offered political risk insurance for "ALL Maritime Trade, especially Energy." Giuseppe Cacace/AFP via Getty Images President Donald Trump offered political risk insurance for "ALL Maritime Trade, especially Energy." The president also said on Truth Social that the US Navy will also provide an escort "if necessary." Fighting in the Middle East is affecting vessels near the strategic Strait of Hormuz. President Donald Trump on Tuesday offered political risk insurance an...

At least four tankers have been struck by drones and maritime traffic has dropped by 80%, reports say Iran has effectively closed the strait of Hormuz to oil and gas exports for the past four days…

Clouds obscure blood moon, leaving S’poreans with nearly 3-year wait for next total lunar eclipse  The Straits Times

The crisis unfolding across the Middle East has pushed an old geographic truth back into the foreground: a thin blue channel, wedged between hostile shores, can rattle an entire economy thousands of…

Crude has surged as flows through Strait of Hormuz dry up, but so far reaction is muted compared with past oil shocks

After the blocking of the Strait of Hormuz and the halted LNG deliveries from Qatar, oil and gas prices are rising. How realistic are bottlenecks?

China could potentially face shortages of methanol – a vital input for several industries – if the Iran war drags on and causes lengthy disruptions to shipping traffic along the Strait of Hormuz, analysts said. Methanol, also known as methyl alcohol, is a chemical compound that is widely used by Chinese producers. It is both a biofuel and a key raw material for a range of products – from paint and formaldehyde to plastics and synthetic fabrics. The growing conflict in the Middle East could be...

The war between the United States and Israel against Iran is causing disruptions in the fuel and gas market. As of yesterday, the Strait of Hormuz has also been officially closed.

Oil prices surged nearly 13%, hitting their highest level since January 2025, after Iranian forces effectively closed the Strait of Hormuz

The Indian National Shipowners' Association (INSA) said 27 Indian-flagged vessels are currently stuck in the region and shipping assets worth over Rs 10,000 crore are at risk

China is urging Iranian officials to avoid actions that could disrupt Qatari gas exports or other energy shipments through the Strait of Hormuz.

The Straits Times provides advice on how to excel in an upcoming performance review.

Leaving Americans no wiser about Trump’s goals in the US-Israeli strike on Iran is an error, say analysts  The Straits Times

Hosts Singapore to compete in Fiba 3x3 World Cup Qualifier  The Straits Times

The number of vessels passing through the Strait of Hormuz has dropped by 70% amid regional tension, according to Marine Traffic. Strait of Hormuz: Traffic of vessels down 70% - Η ΝΑΥΤΕΜΠΟΡΙΚΗ

Iran has threatened to 'burn' any foreign vessels attempting to pass through the Strait of Hormuz, stating that no oil will be allowed to leave the region.

The crisis in the Strait of Hormuz is escalating into an open threat to international shipping and energy supply, with military warnings from Tehran coinciding with a sharp drop in commercial traffic through the critical passage.

Some 30 S. Korean vessels operating in Hormuz strait amid Middle East tensions  Yonhap News Agency

Iran has threatened to attack any vessel attempting to pass through the Strait of Hormuz, a critical route for oil and liquefied gas supplies from the Persian Gulf, according to reports citing the Islamic Revolutionary Guard Corps.

A Revolutionary Guard general threatened to completely block the Strait of Hormuz, stopping oil and gas exports from the Gulf, amid escalating conflict in the Middle East...

London insurers are reportedly unwilling to cover ships against Iran war risks, raising concerns about potential costs of major spills in the Gulf or Strait of Hormuz and the impact of sanctions on claims.

The Bottom Line: Is that red flaky skin a sign of eczema or topical steroid withdrawal?  The Straits Times

Singapore is reportedly engaging financial institutions like JPMorgan and UBS to advance its goal of becoming a prominent regional gold trading hub.

Consumers are set to pay higher prices, but US producers could benefit, analysts say.

Campaign360, an event, is scheduled to return to Marina Bay Sands, Singapore, on May 20-21, 2026.

The Nikkei average in Tokyo temporarily fell by over 1000 yen, driven by fears of rising oil prices following reports that Iranian forces threatened to block the Strait of Hormuz. This geopolitical tension led to a surge in selling orders in the market.

US urges citizens to immediately depart over a dozen Middle Eastern countries  The Straits Times

Aluminium jumps as Iran conflict puts Middle East supply at risk  The Straits Times

Iran strikes energy infrastructure across the Gulf as IRGC announces closure of Strait of Hormuz.

Ben Chu has been looking at what’s happened to marine traffic in the Strait of Hormuz, a key trade passage.

Bandar Abbas fires rage at Iran's main naval headquarters following possible U.S.-Israeli strikes. President Donald Trump won't rule out sending U.S. troops to Iran.

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S’pore to tighten demerit points system, lower alcohol limits amid surge in road traffic deaths  The Straits Times

UAE and Qatar urge allies to help Trump find off-ramp on Iran  The Straits Times

Japan says Iran's Strait of Hormuz closure not yet 'survival-threatening' Nikkei Asia

Oil prices are up sharply as the widening Iran war disrupted tanker traffic through the Strait of Hormuz, highlighting how important the passageway is to the world’s oil supply

Huawei Releases the Fully Connected Industrial Networks Report, Aiming to Promote the Upgrade of Smart Factory Architecture  The Straits Times

India and Canada have reset their diplomatic relations, reaching agreements on cooperation in defense and energy sectors.

Qatar halts LNG production after fresh Iran strikes on Gulf  The Straits Times

China has called on Gulf states to unite against external interference, emphasizing the need for regional stability amid widening conflict.

The war in the Mideast has effectively halted shipping through the Strait of Hormuz, threatening to push up gas prices and raise the cost of other goods.

Like all athletes, Arsenal know winning is slippery, elusive and temporary  The Straits Times

The sharp increase in tensions in the Middle East following strikes by Israel and the United States against Iran has caused widespread disruptions, trapping over 60 Greek-owned ships in the Strait of Hormuz.

An attack on an oil tanker near the Strait of Hormuz, reportedly by a naval drone, killed a crew member and caused oil prices to rise, leading leading shipping companies to suspend traffic and reduce passage by 70%.

Long queues of cars have been forming since the early morning hours at gas stations across Attica, following the outbreak of war and the trapping of hundreds of tankers in the Strait of Hormuz.