Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
Ships and Shipping
U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
Trump’s Move to Seize Oil Tankers Costs the U.S. Tens of Millions of Dollars
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
Hegseth Vows Lethal Day in Iran as Air War Intensifies
At a news conference, Defense Secretary Pete Hegseth gave no indication of how long it would take before the Navy could escort civilian cargo ships through the Strait of Hormuz.
What Is the Strait of Hormuz and Why Is Iran Blocking It?
With attacks and threats, Tehran is using the world’s most important transit point for oil and gas as leverage against its enemies.
Iran Is Laying Mines in the Strait of Hormuz, U.S. Officials Say
A fifth of the world’s oil passes through the strait, making it a critical choke point in global commerce.
Iran’s Frantic Attempt to Save Its Ships Before Torpedo Attack
The Iranian Navy sought refuge in Sri Lanka and India. While India obliged, Sri Lanka stalled over fears it would threaten its neutrality.
Iran’s Naval Mines: A History of Threats to Persian Gulf Shipping
The U.S. said this week that it attacked 16 Iranian mine-laying vessels near the Strait of Hormuz. In the 1980s, Iranian mines damaged oil tankers and a U.S. Navy warship.
Deadly Attack on Oil Tankers Prompts Iraq to Close Oil Terminals
An attack off the Iraqi coast engulfed two oil tankers in flames, killing at least one person. Senior Iraqi officials believe the attack was Iranian.
Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.