‘Hormuz moment’ could herald decline of US dominance: Citic Securities analysts

With global attention fixed on the US and Iranian shipping blockades in the Strait of Hormuz and how many vessels have traversed the critically important waterway, a leading Chinese investment bank has been calculating the long-term gains and losses and how they could rewrite the global economic order. The United States was on the horns of a dilemma over the strait that might herald an acceleration of Washington’s strategic retreat and its increasingly transactional relationships with other...

By Frank Chen

Iran has closed Hormuz completely: What this means for India’s crude, LPG, LNG supplies?

Data from MarineTraffic shows that several Indian and foreign ships headed for Indian ports are still awaiting clearance near the Strait of Hormuz. According to the petroleum ministry, 17 vessels have been identified for evacuation.

By TOI BUSINESS DESK

China calls Hormuz international waterway; Xi presses for reopening

China calls Hormuz international waterway; Xi presses for reopening

Singapore steps up LNG purchases as Middle East conflict disrupts shipments - The Straits Times

Singapore steps up LNG purchases as Middle East conflict disrupts shipments  The Straits Times

Greek shipping firm continues Gulf trade despite Hormuz security risks

Greeek shipping magnate George Prokopiou’s Dynacom Tankers Management is continuing to trade through the Gulf, despite the security risks and disrupted shipping patterns in the Strait of Hormuz, with another tanker now recorded as having made the passage. According to TradeWinds, the Malta-flagged Suezmax Odessa, a 150,000-dwt tanker built in 2013, passed through the strait on April 13, the same […]

Hormuz disruption lingers: Markets price gradual reopening, not a quick fix

Xi Jinping urges stronger China-UAE ties, outlines four-point Middle East peace plan

Chinese President Xi Jinping met UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan in Beijing on April 14, using the talks to outline a four-point plan for peace and stability in the Middle East and to call for deeper cooperation between the two countries. The meeting took place at the Great Hall […]

By Newsroom

China's Xi calls for Strait of Hormuz to remain open in call with Saudi crown prince

Urges immediate ceasefire, political resolution as concerns mount over survival of US-Iran ceasefire

By Reuters

Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince

Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince China's President Xi Jinping on Monday demanded the uninterrupted passage of vessels through the Strait of Hormuz in a phone call with Saudi Arabia's Crown Prince Mohammed bin Salman, state news agency Xinhua reports. He urged the normalization of shipping traffic after about 50 days of disruption which obviously and significantly impacts Chinese oil imports. "Normal navigation through th...

By Tyler Durden

Shipping data shows Strait of Hormuz traffic at virtual standstill

Shipping traffic through the Strait of Hormuz was virtually at a standstill Monday, with only three crossings recorded in 12 hours, Reuters reported, citing shipping data. The ​oi...

Nornickel Joins Global Shippers Shifting to Morocco’s Tanger Med Amid Iran War Disruptions

Shipping disruptions linked to the Iran war are reshaping trade routes, and Morocco is finding itself in a stronger position as a result. The post Nornickel Joins Global Shippers Shifting to Morocco’s Tanger Med Amid Iran War Disruptions appeared first on Morocco World News.

By Oumaima Moho Amer