Iran has introduced a new system called Hormuz Safe, a digital insurance platform to help ships pass safely through the Strait of Hormuz. Instead of traditional insurance, vessels will pay using cryptocurrency. The plan is led by Iran’s Economy Ministry, which claims it can manage the strait better
The United Nations sees a new twist in the debate over the Strait of Hormuz. China’s representative to the UN, Fu Gong, openly questioned a draft resolution that the United States and Bahrain have pushed forward. He said the wording was wrong and the moment was off, warning that a vote would likely
The meeting in Beijing between the U. S. and China leaders was not just about trade or Taiwan; it also tackled a hot issue: Iran’s nuclear ambitions. The U. S. president said he is tired of waiting for Iran to change its course and that the two countries had agreed that Iran must not acquire a nucle
Trump is set to meet Xi Jinping this week, hoping Beijing will help end the costly war in Iran. The president expects China to push Tehran back to negotiations, but Beijing may have other priorities. China buys a lot of Iranian oil and has strong ties with the Middle East. It wants the Strait of Ho
The UK is boosting its military presence in the Strait of Hormuz, a narrow waterway where one in every five barrels of global oil moves through. London announced it will send advanced mine-hunting drones, Typhoon fighter jets, and the HMS Dragon warship to join an international effort aimed at prote
South Korean authorities have begun looking into an explosion and blaze that hit a Korean‑run vessel in the waters near the Strait of Hormuz. The incident happened on Monday while the ship was anchored close to the United Arab Emirates, and it caused damage in the engine room. The crew of 24, which
President Trump posted on his social media that three U. S. Navy destroyers successfully moved through the Strait of Hormuz while facing enemy fire. He said the ships suffered no damage, but that Iranian attackers were heavily hit and many of their small boats were destroyed. The statement came afte
President Trump declared that a swift end to the conflict with Iran was likely, as Tehran considers a United States proposal. The plan would formally close hostilities but does not address the United States’ key demands, such as halting Iran’s nuclear program and reopening the Strait of Hormuz. An I
U. S. Treasury Secretary Scott Bessent has called on China to take a more active diplomatic role in persuading Iran to reopen the Strait of Hormuz to global shipping. The strait is a critical route for oil exports, and tensions there could disrupt energy supplies worldwide. Bessent argues that since
A new Iranian offer suggests the country would open the Strait of Hormuz, a vital shipping lane that carries about 20 % of global oil and gas, and lift the U. S. blockade. In exchange, Iran would pause nuclear negotiations until a later stage, hoping to secure a more favorable climate for talks. The
