UN set to vote on a watered-down proposal to open Strait of Hormuz

The U.N. Security Council is scheduled to vote on a proposal to secure the Strait of Hormuz

By Edith M. Lederer

Gulf states seek UN mandate for force to protect Strait of Hormuz

The secretary general of the Gulf Cooperation Council (GCC) on Thursday called for the UN Security Council to authorise the use of force to protect the Strait of Hormuz from Iranian attacks. Iran has placed a stranglehold on the key shipping lane — threatening fuel supplies and buckling the global economy — in retaliation for US-Israeli strikes on the country that triggered the month-old Middle East war. “Iran has closed the Strait of Hormuz, prevented commercial vessels and oil tankers from ...

By none@none.com (AFP)

AM Markets Need to Know: Pharma tariffs soon, Gulf states look to bypass Hormuz, and more

Three LNG Tankers Are First To Cross Strait Of Hormuz Since War Started

Three LNG Tankers Are First To Cross Strait Of Hormuz Since War Started While a growing number of ships have been traversing the Strait of Hormuz, with Lloyd's List reporting a total of 142 vessels have transited since the start of March, but 67% of that traffic has a direct affiliation with Iran... and the figure rises to 90% when looking at traffic in recent days, as some ships have had to pay fees in yuan or cryptocurrencies before being escorted through the strait... IRAN’S ...

By Tyler Durden

Gulf states mull new pipelines to bypass Hormuz: FT

Gulf countries are reconsidering pipeline projects that would bypass the critical Strait of Hormuz as the latest conflict revives concerns over the region’s dependence on one of th...