US President Trump drops 20% Strait of Hormuz fee plan
US President Donald Trump says he has abandoned his proposed 20% fee on cargo transiting the Strait of Hormuz.
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US President Donald Trump says he has abandoned his proposed 20% fee on cargo transiting the Strait of Hormuz.
India summoned Iran's deputy ambassador after an Indian crew member was killed in the Strait of Hormuz.
Trump says the US will start charging a cargo fee for ships passing through the Strait of Hormuz.
While Trump has threatened to hit targets in Iran including Pickaxe Mountain, he has said a deal is possible.
Islamabad is still urging dialogue, but analysts say it has few tools to halt the latest round of US-Iran escalation.
Former NATO analyst says Trump's push for a naval blockade in the Strait of Hormuz would mean a huge military…
Military command issues threat a day after Qatari mediators hailed 'positive progress' in indirect US-Iranian talks.
Iranian oil shipping magnate Mohammad Hossein Shamkhani has been sanctioned by the West over his shadow fleet.
As flow resumes through the strait, an oil surplus may yet again destabilise global energy markets.
Conflict will accelerate shift to renewables and search for alternatives to Strait of Hormuz, energy analysts say.