Tag: Maritime Trade

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Trump says Iran will not charge ships transiting the Strait of Hormuz

U.S. President Donald Trump said on Wednesday that Iran had assured Washington that no tolls, insurance fees or any other charges would be imposed...

Strait of Hormuz: Trump Suspends U.S. Naval Escort Operation to Pave the Way for Possible Iran Deal

U.S. President Donald Trump has announced the temporary suspension of the American naval escort operation in the Strait of Hormuz, known as “Project Freedom,”...

Strait of Hormuz Tensions: UN Warns of a Potential Global Food Crisis

The situation in the Strait of Hormuz is raising serious international concerns. Beyond tensions in the oil market, the United Nations is now warning...