Captain of stranded ship in Strait of Hormuz tells BBC of 'pressure'
Capt Raman Kapoor's ship is one of several to be stranded in the strait in the midst of the power struggle between the US and Iran.
Capt Raman Kapoor's ship is one of several to be stranded in the strait in the midst of the power struggle between the US and Iran.
Proposed UN Security Council resolution warns Iran could face sanctions over Hormuz A proposed United Nations Security Council resolution backed by the US and Gulf states warns Iran that it could face sanctions or further measures if it does not restore freedom of navigation and reveal the location of sea mines in and around the strategic waterway. The draft text, seen by The Associated Press, also calls on Iran to “immediately participate in and enable the UN efforts to establish a humanitarian corridor in the strait” to allow the passage of essential supplies, including aid and fertiliser. It has been drawn up under Chapter 7 of the UN Charter, which permits enforcement by military means.
Iranians described layoffs, unpaid wages and rising food and medical costs in messages to Iran International, while labor market data and local media reports pointed to a widening employment shock after the ceasefire.
Washington, DC [US], May 5 (ANI): United States Treasury Secretary Scott Bessent has hit out at China for 'funding the largest state sponsor of terrorism' by maintaining energy ties with Iran, asserting that Beijing must support Washington's initiatives to 'reopen the Strait of Hormuz', according to a report by Fox News.
Tehran remains about a year from building a nuclear bomb if it wishes to do so, with its enriched uranium stockpile still out of reach, the news agency says US-Israeli strikes on Iran have failed to push back the timeline for Tehran potentially acquiring a nuclear weapon, Reuters reported on Monday, citing intelligence sources.
Tehran remains about a year from building a nuclear bomb if it wishes to do so, with its enriched uranium stockpile still out of reach, the news agency says US-Israeli strikes on Iran have failed to push back the timeline for Tehran potentially acquiring a nuclear weapon, Reuters reported on Monday,
Monitoring firm says Iran can sustain production despite blockade TankerTrackers. com said the belief that the United States blockade of Iranian ports will soon force Iran to halt oil production is incorrect. In a post on X, the firm said: “The ongoing narrative that Iran’s oil storage will fill up ASAP and cause production to shutter is wrong.
Washington DC [US], May 5 (ANI): US Treasury Secretary Scott Bessent on Monday (local time) called the ongoing US-led naval operations a 'humanitarian effort' aimed at safeguarding critical global supply chains, including liquified petroleum gas (LPG) vital for daily cooking in India. Beseent also urged China to help reopen the Strait of Hormuz while accusing Beijing of 'funding' Iran through energy purchases.
Washington DC [US], May 5 (ANI): US Treasury Secretary Scott Bessent on Monday (local time) called the ongoing US-led naval operations a 'humanitarian effort' aimed at safeguarding critical global supply chains, including liquified petroleum gas (LPG) vital for daily cooking in India. Beseent also urged China to help reopen the Strait of Hormuz while accusing Beijing of 'funding' Iran through energy purchases.
Energy prices surge, stocks and gold fall amid escalation Oil prices surged by about 5% after reported attacks on ships near the Strait of Hormuz raised fears of supply disruptions. Brent crude futures rose 4. 98%, while US West Texas Intermediate crude climbed 3.
Chevron chief warns Strait of Hormuz closure will soon lead to oil shortages The chief executive of Chevron has warned that disruptions in the Strait of Hormuz could soon lead to global supply shortages. Mike Wirth said the closure of the waterway, which normally carries about 20 percent of the world’s crude, will begin to show in physical shortages across markets. He added that economies are likely to contract as demand adjusts to constrained supply, with Asia expected to feel the impact first.
OPEC+ set raises output as Strait of Hormuz blockade disrupt oil flows The OPEC+ has agreed to increase output in June in a move aimed at reassuring markets that supply will continue despite the Israeli-US war on Iran. The group plans to add 188,000 barrels per day, a relatively small rise that is unlikely to offset the impact of restrictions around the Strait of Hormuz, where access remains constrained. The United Arab Emirates, a key member, exited the group last week, citing interference in its production decisions, adding to uncertainty within the bloc.
'It's an elite matter': UAE confirms it's in talks for swap line loan with US The UAE confirmed on Monday that it is discussing a currency swap line with the US, framing it as part of entry into an “elite group” of US allies, as fresh Iranian air strikes roiled the country. "We have this discussion and conversation with many, it's part of an elite group that the US is having this swap policy with. They are only having it with five countries," UAE Trade Minister Thani bin Ahmed al-Zeyoudi said at a conference in Abu Dhabi.
'It's an elite matter': UAE confirms it's in talks for swap line loan with US Submitted by MEE staff on Mon, 05/04/2026 - 19:41 The remarks came before Iran unleashed fresh strikes on the UAE in an apparent retaliation for US military manoeuvres in Hormuz UAE Minister of Foreign Trade Thani bin Ahmed al-Zeyoudi attends the 5th edition of 'Make it in the Emirates' in Abu Dhabi, on 4 May 2026 (Fadel Senna/AFP) Off The UAE confirmed on Monday that it is discussing a currency swap line with the US, framing it as part of entry into an “elite group” of US allies, as fresh Iranian air strikes roiled the country. "We have this discussion and conversation with many, it's part of an elite group that the US is having this swap policy with. They are only having it with five countries," UAE Trade Minister Thani bin Ahmed al-Zeyoudi said at a conference in Abu Dhabi.
China told its independent refineries to disregard U. S. sanctions over their purchases of Iranian crude.
A senior aide to US President Donald Trump has hailed worsening economic conditions in the Islamic Republic A top White House official has said Iran is on the brink of an "extreme calamity" and hunger as the US is counting on economic pressure to secure its objectives in the conflict.
A senior aide to US President Donald Trump has hailed worsening economic conditions in the Islamic Republic A top White House official has said Iran is on the brink of an "extreme calamity" and hunger as the US is counting on economic pressure to secure its objectives in the conflict.
TEHRAN (Tasnim) – Fifteen Iranian crew members of the container ship Touska, which had been seized by the US military forces, were repatriated to Iran through the Rimdan border crossing in the country’s southeast.
Most shipping blocked at Hormuz despite US assurances There have been no signs of increased vessel traffic passing through the Strait of Hormuz on Monday after US President Donald Trump announced “Project Freedom” would begin efforts to restore navigation through the strait. Only one tanker, a sanctioned LPG carrier, along with a few cargo ships and a cable-carrying vessel were permitted to pass into the Gulf of Oman on Monday, according to data on MarineTraffic. “Without consent from Iran to let commercial ships transit safely through the Strait of Hormuz, it is currently not clear whether the Iranian threat to ships can degraded or suppressed,” chief safety and security officer of the Baltic and International Maritime Council (Bimco) said.
Some vessels have reportedly paid for safe passage through the chokepoint The US has threatened to sanction shipping companies that pay Iran tolls to transit the Strait of Hormuz.