Reopening strait of Hormuz would have limited impact on cargo flows, says Maersk

CEO of Danish shipping group says increased costs due to higher fuel bills passed on to customers Business live – latest updates The boss of the shipping company Maersk has said the reopening of the strait of Hormuz would have a “limited impact” on cargo flows, as the industry grapples with a sharp rise in energy costs. Vincent Clerc, chief executive of the Danish shipping group, said its fuel bill had nearly doubled since the start of the conflict, adding as much as $500m (£367m) in costs ...

By Lauren Almeida

Why is the US seeking UN help to open Hormuz after undermining it?

Marco Rubio has called on the UN for a Hormuz solution as talks for a peace deal in Iran continue.

Trump says war to end quickly as Iran claims control of Strait of Hormuz

U.S. awaits Iran response to latest deal offer

Iran's foreign ministry spokesman Esmaeil Baqaei said the U.S. proposal remained 'under review'

By AFP

Did Saudi 'anger' force Trump to reopen the Strait of Hormuz?

By TOI WORLD DESK

Wall Street slides as investors tune in for potential U.S.-Iran peace deal updates

Can Believe Break Into The United States? ‘We’re Going To Have To Prove Ourselves’

For decades, the French music company has cultivated local stars in local markets, helping them find global reach. Now it's ready to enter the most challenging territory of all.

By Josh Glicksman

First Chinese Tanker Attacked Near Hormuz As Beijing Urges Waterway Reopened

First Chinese Tanker Attacked Near Hormuz As Beijing Urges Waterway Reopened There have certainly been escalating tensions in the Strait of Hormuz this week amid a wave of Iranian attacks on commercial ships after a U.S. military effort to escort merchant vessels through the maritime chokepoint. By midweek, tensions had simmered, and Iran is still reviewing a 14-point U.S. proposal to end the war, with Tehran expected to send its response to Pakistani mediators later today. Pres...

By Tyler Durden