Strait of Hormuz, Precious Shipping Pcl
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A container ship has been hit by a projectile in the Strait of Hormuz, a key shipping lane that has become a major point of contention
Even after a cease-fire, Iran is keeping a chokehold on traffic, forcing countries to cut deals that could put them at odds with the U.S.
Attacks on ships are escalating in the Arabian Gulf as Israel and Iran both launched fresh waves of intense strikes overnight.
The ceasefire between the US, Israel and Iran has done little so far to getting shipping through the vital waterway. It’s going to take more than just words to fix.
President Donald Trump said the U.S. military would remain around Iran until a real agreement is reached and fully complied with.
President Donald Trump said Wednesday that the U.S. will work with Iran to “dig up and remove” its enriched uranium that was buried under joint U.S-Israeli strikes last summer. The president said on social media that “There will be no enrichment of Uranium” and that none of the material had been touched since the June attacks.
The Iran war has damaged Gulf energy production, stranded tanker traffic, and boosted oil prices by about 50% in the world's worst energy shock, with Asian buyers among the hardest hit.