Shipping

Can the US and Iran conclude a lasting deal to end the Middle East war?

Iran is unlikely to give up its leverage over Hormuz without concessions from the US

Article 38 of Unclos provides vessels a right of unimpeded “transit passage” through more than 100 straits worldwide, including the Strait of Hormuz.

Can Iran legally impose tolls in the Strait of Hormuz?

The US disputes Iran’s authority to charge tolls

A crude oil tanker at anchor in Galveston Bay as it made its way to the Port of Houston in Texas City in March. Data shows that the US was last a net exporter of crude in 1943.

Iran war brings US close to net crude exporter for first time since World War II

Atlantic Basin and Asian buyers are reaching further out for available supply

US President Donald Trump said that Iran had been in touch on Monday and wanted to make a deal, adding that he would not sanction any deal that allowed Teheran to possess a nuclear weapon.

US, Iran may resume talks this week despite port blockade

Signs that diplomatic engagement might continue have calmed oil markets

Investors have latched on to hopes for an Iran war off-ramp, lifting the overall market mood.

Asian stocks rise on US-Iran deal hopes amid Hormuz blockade, oil falls

Since the US and Israel launched the war in late February, the Trump administration has taken repeated steps to contain prices

A billboard on a building in Tehran on April 13 declaring that the Strait of Hormuz belongs to Iran.

What to know about the US blockade of Iran’s ports 

The ultimate aim of a blockade would be to cut off Iran’s oil flows, severing a vital financial lifeline for the regime 

Although the Islamabad talks yielded no concrete results, they remain an important achievement.
NEWS ANALYSIS

Trump’s full blockade of Hormuz threatens the already fragile ceasefire. Will the war resume?

The US wants the strait opened as quickly as possible, to avert another spike in oil prices

US President Trump said that the US Navy will begin destroying mines that the Iranians had dropped in the Strait of Hormuz.

US to blockade ships going to and from Iran after peace talks fail

Iran warns of harsh response to blockade, accuses US of maximalism in talks