Iran war

Iran says the Strait of Hormuz is closed again, even as US talks proceed

The move is reportedly a ‘first step’ in response to Israel’s continued attacks in southern Lebanon

The Iran war has killed at least 7,000 people, mostly in Iran and Lebanon. I

US, Iran envoys head for talks, Israeli strikes continue after ceasefire

A halt to the fighting in Lebanon is a condition for starting 60 days of US-Iranian talks

Since the war began on Feb 28 with strikes that killed Khamenei, the Guards have only expanded their power internally, helping to install his son as the new supreme leader.

Iranian Guards’ business empire to win big if US sanctions lifted

Teheran and Washington prepare for talks on a deal to end the war

Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 18, 2026.

Oil shipments rise in Hormuz although questions grow over Iran’s transit terms

Ships resumed broadcasting positions as they transited the strait

Brent crude futures were down 85 cents, or 1.1 per cent, at US$79 a barrel by 1303 GMT on Friday.

Brent falls as Israel, Hizbollah agree to ceasefire

At US$79 a barrel by 1303 GMT, it is down US$0.85 or 1.1%

The postponement of talks represents a blow to US President Donald Trump, who signed a memorandum of understanding on Wednesday.

US and Iran delay nuclear talks as Lebanon clashes worsen

Fighting in Lebanon was deadlier than usual, with the Israeli military saying four of its soldiers were killed

Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 18, 2026.

Iran says it will waive fees for Hormuz during 60-day negotiation period

Ships must submit transit requests at least 48 hours before arrival

US Vice-President JD Vance emphasised the US believes “international waterways should be free of tolls”. 

Vance leaves shippers in the dark on potential Iran Hormuz toll

Trump said that Hormuz will be toll free during the first 60 days and thereafter

The push for diplomacy and the reopening of Hormuz allow for a resumption of production shuttered by major oil exporters.

Oil falls as supply moves through Strait of Hormuz after Iran war pact

[NEW DELHI] Oil prices fell on Friday (Jun 19) as prospects brightened for more supply after oil tankers began moving through the reopening Strait of Hormuz following a peace deal between the US and I...

Aster's deputy chief executive Andre Khor says that agility is critical in an age of "polycrisis".
THE LEADERSHIP PLAYBOOK

‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

Growing up the son of a steel labourer taught Khor the value of hard work and dignity, which he applies to the business today