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Iran, Oman Hold Talks on Strait of Hormuz

Iran, Oman Hold Talks on Strait of Hormuz

Iranian and Omani officials met to discuss shipping through the Strait of Hormuz. After the US and Israel attacked Iran, Tehran shut down the vital waterway to most tankers.  A statement from the Omani Foreign Minister following the talks said both sides put forward...

The Iran War is Shattering the Global Oil Order

The Iran War is Shattering the Global Oil Order

The Persian Gulf is the jugular vein of global oil supply. Roughly one-fifth of all oil traded on earth transits the Strait of Hormuz. Since the war picked back up on February 28th, data reported to Goldman Sachs show an estimated hit to Persian Gulf oil exports that...

Iran Relaxes Restrictions on Hormuz Strait

Iran Relaxes Restrictions on Hormuz Strait

The Iranian government has allowed a number of foreign vessels to transit the Strait of Hormuz in recent days, with some reports stating that a one-month permit had been granted to certain ships. Once a conduit for much of the world’s oil supply, the strait was...

Iranian FM Denies Ongoing Negotiations With the US

Iranian FM Denies Ongoing Negotiations With the US

Iranian Foreign Minister Abbas Araghchi said that Iran is not engaged in ongoing negotiations with the US. He confirmed that Tehran has received messages from Washington.  “I receive messages from [US special envoy Steve] Witkoff directly, as before, and this does not...

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