Strait of Hormuz

September 24, 2026 9:31 AM

UAE sanctions Bank Melli Iran; airline suspensions add to economic pressure on Tehran

The US-Iran conflict has entered a new phase this week. While economic pressure on Iran is mounting, diplomatic contacts between the two have also resumed at UNGA in New York. In the UAE, the Central Bank (CBUAE) has imposed strict enforcement measures on the UAE branches of Bank Melli Iran. All UAE branches of the Iranian bank have been prohibited from conducting financial transactions to and from Iran, including trade finance and fund transfers. The action followed violations of UAE laws and...

September 22, 2026 1:06 AM

LPG tanker hit by debris in Strait of Hormuz; crew safe: UKMTO

An LPG tanker was hit by debris from unknown projectiles while transiting outbound from the Strait of Hormuz, following a similar incident earlier in the day, the United Kingdom Maritime Trade Operations (UKMTO) said on Monday. The UKMTO said it had received a delayed report of the incident from the vessel's master. All crew members were reported safe, and no environmental impact was reported. The tanker will continue to its next port of call while authorities investigate the incident, the UKM...

September 21, 2026 1:35 PM

US and Iran trade fresh threats, even as signs of diplomacy emerge

Tensions between the United States and Iran remain high, with both sides issuing fresh threats to each other, while there are also indications that diplomatic opening might be emerging in the conflict. Iran's military has said it has information about US preparations to resume attacks on Iran and has warned that any new US attack would trigger retaliation against American bases and interests across the West Asia region. IRGC said they would attack new targets and deploy new weapons if the US la...

September 21, 2026 11:58 AM

US issues Iran travel warning, urges citizens to leave country amid rising West Asia tensions

The United States has issued a fresh travel warning for Iran, urging American citizens not to travel to the country “for any reason” and asking those already there to leave immediately amid rising tensions and the possibility of further escalation across West Asia. The US Virtual Embassy in Iran, in a security alert, said the regional security environment remained complex and warned of potential flight cancellations, airspace closures and other travel disruptions. “Do not travel to Iran ...

September 21, 2026 11:01 AM

Iran rules out reopening Strait of Hormuz, returning to talks until US meets Tehran’s conditions

Iran has ruled out reopening the Strait of Hormuz or returning to the previous framework of negotiations with the United States until Washington meets Tehran’s conditions, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said, as tensions between the two countries continue to escalate. According to Al Jazeera, Ghalibaf said Iran had conveyed its demands to the United States through intermediaries and would not reconsider its position until Tehran's conditions were fulfilled. “Our messag...

September 20, 2026 2:12 PM

Iran links reopening of Strait of Hormuz to US meeting its conditions; US renews West Asia travel alert

Iran has said that the Strait of Hormuz will remain closed until their conditions are met and commitments from the United States are implemented. Iranian Parliament Speaker Mohammad Bagher Ghalibaf made these comments, according to Iran's semi-official Fars news agency. Ghalibaf said Iran would continue to both fight and negotiate, using military force against its enemies and diplomacy to consolidate what it considers gains on the battlefield. Iran has reportedly said that reopening the Strait d...

September 16, 2026 10:38 AM

Iran war cost hits $38 billion : US CBO

The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, US Congress' nonpartisan bookkeeper reported on Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz. The war is expected to increase inflation by 0.5% in the first three months of 2027, according to the Congressional Budget Office accounting, which totaled expenses through August 1. The mounting costs have s...

September 15, 2026 10:31 AM

Houthis strike Saudi targets anew as talks over Strait of Hormuz stall

Yemen's Iran-aligned Houthis launched a new wave of attacks on Saudi Arabia and were digging into positions on the western coast of Yemen along the Red Sea, Yemeni officials said, as urgent deliberations took place in Riyadh over how to respond to their lightning advance. Meanwhile, Gulf Arab states postponed planned talks with Iran, raising concerns the Middle East conflict could spread further and threaten global oil supplies. The Houthis on Monday said they fired dozens of missiles and dron...

September 14, 2026 12:59 AM

Trump says US could stay in Iran and keep oil, like Venezuela deal

President Donald Trump suggested on Sunday the United States could stay in Iran and "keep the oil", drawing a parallel with a U.S. push to take control of a fifth of Venezuela's vast oil reserves. On a trip to Ireland for meetings and to watch golf, he reiterated that he still expected the Iran war to end this year, possibly just after midterm elections due in the United States in November. Speaking at the Irish Open golf championship, Trump added that the price of gasoline would "drop like a ...

September 13, 2026 10:27 PM

Iran-Gulf Talks in Oman in focus; as tensions continue in the Strait of Hormuz and the Red Sea

Diplomatic efforts are back in focus this week as the US-Iran conflict continues to disrupt the Gulf and widen to other areas. Iran and the Gulf states are due to meet in Oman on Monday to discuss the Strait of Hormuz and the broader regional security. Iran says it has reached an understanding with Oman on a new maritime route through the strait. However, Iranian Foreign Minister Abbas Araghchi has said that this does not mean an immediate reopening of Hormuz, which will depend on conditions bei...