US threatens sanctions over payments to Iran for Hormuz passage
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.
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UAE welcomes FAO decision to condemn Iran over disruption to global food, agriculture supply chains
ROME, 4th May, 2026 (WAM) -- The UAE welcomed the decision adopted by the Food and Agriculture Organisation (FAO) Council, at a Special Session of the Council, as part of a UAE-led initiative, together with GCC Member States and partners, which included a condemnation of Iran's actions that jeopardise food security.
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Crew of Iranian Ship Seized by US Transferred to Pakistan
TEHRAN (Tasnim) – The Ministry of Foreign Affairs of Pakistan announced on Monday that as a “confidence-building measure” by the US, 22 crew members of an Iranian ship that was seized by US forces had been evacuated to Pakistan.
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Second Iranian supertanker evades US Navy blockade to reach Indonesian waters, says TankerTrackers
Jakarta [Indonesia], May 4 (ANI): An oil shipping monitoring firm has reported that a second Iranian Very Large Crude Carrier (VLCC) has successfully evaded the US Navy and is currently navigating Indonesian waters towards the Riau Archipelago. In a report shared on X, TankerTrackers. com stated that the vessel, identified as the DERYA, is traversing the Lombok Strait in Indonesia.
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US transfers crew of seized Iranian ship to Pakistan
US transfers crew of seized Iranian ship to Pakistan US Central Command said 22 crew members of the seized Iranian-linked vessel M/V Touska have been transferred to Pakistan for repatriation to Iran. “Today, US forces completed the transfer of 22 crew members of M/V Touska to Pakistan for repatriation,” said Captain Tim Hawkins. “Custody of Touska is currently being transferred back to its original ownership after the ship was intercepted and seized when attempting to violate the US naval blockade against Iran last month,” Hawkins added.
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Could Iran’s escalating economic crisis weaken negotiating position with US?
War has combined with battered economy to leave Tehran wondering how hardline it can afford to be Iran may not be choking like a stuffed pig as Donald Trump predicted, but its economy is in serious difficulty as a combination of a massive war-damages bill, inflation, currency devaluation, unemployment and a contraction in oil revenues combine to leave the political elite worrying how hardline they can afford to be with their US negotiators. One estimate circulating in Iran’s media suggests the damage to the economy from the US-Israeli attacks is nine times the value of the Iranian budget last year. The UN Development Programme has estimated that 4.
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Iranian oil tankers reach Indonesian waters despite blockade
Iranian oil tankers reach Indonesian waters despite blockade TankerTrackers. com said a second Very Large Crude Carrier linked to Iran has entered the Lombok Strait and is heading towards the Riau Archipelago. The firm identified the vessel as DERYA, saying it had evaded the United States Navy after a failed attempt to deliver about 1.
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Iran "suffocating" under economic blockade, oil infrastructure "starting to creak": US Treasury Secretary
Washington, DC [US], May 4 (ANI): US Treasury Secretary Scott Bessent has declared that America is currently 'suffocating' Iran through intense financial and economic constraints, predicting that the leadership in Tehran is nearing a point of collapse. In an interview with Fox News' Sunday Morning Futures, the Treasury Secretary indicated that the pressure campaign has reached a critical phase.
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US officials say China sent dual-use materials to Iran
US officials say China sent dual-use materials to Iran The New York Times, citing US officials, reported that companies in China shipped dual-use materials to Iran that could be used for both civilian and military purposes. Officials said the shipments have raised concerns in Washington about their potential applications. US officials said China is taking a cautious approach to the war involving Iran and has not adopted a firm position due to competing strategic interests.
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The longer the Iran war goes on, the greater the impact on inflation, the US central bank warns
The longer the Iran war goes on, the greater the impact on inflation, the US central bank warns Neel Kashkari has warned that a prolonged war involving Iran could fuel inflation and damage the US economy, limiting the Federal Reserve’s ability to guide interest rate policy. Speaking on CBS’s “Face the Nation”, Kashkari said he is closely watching the conflict and its impact on prices and demand, particularly as the Strait of Hormuz remains disrupted. The waterway, a key corridor for roughly a fifth of global oil and gas flows, has seen severe disruption during the war, driving up energy costs worldwide.
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Iran drug prices rise as war hits industry, official says
Iran drug prices rise as war hits industry, official says Iran’s medicines regulator says the war has pushed up drug prices and strained supply chains, as damage to key industries ripples through the health sector. Mahdi Pirsalehi said rising costs in the country’s petrochemical and steel sectors have driven up production expenses, forcing price adjustments. “We are certainly following up to ensure that insurance budgets are revised.
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Iran oil shipments continue despite US seizures and diversions
Iran oil shipments continue despite US seizures and diversions An international maritime monitoring site has reported significant disruption to Iranian oil shipments in April, with multiple tankers intercepted or turned back at sea. TankerTrackers. com said 25 tankers left Iran carrying crude oil during the month.
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Putin envoy names first victim of historic energy crisis
The low-cost US carrier announced it was shutting down immediately following a failed Washington bailout bid and a surge in oil prices Spirit Airlines, a US-based low-cost carrier, has succumbed to the unprecedented energy crisis, Kremlin envoy Kirill Dmitriev has said, commenting on the company's recent shutdown.
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China Orders Non-Compliance with US Sanctions on 5 Firms
TEHRAN (Tasnim) – China’s Commerce Ministry (MOFCOM) issued on Saturday a prohibition order instructing parties not to recognize or comply with US sanctions on five Chinese firms, citing its review mechanism.
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"Defensive and justified": China issues formal injunction to block "illegal" US sanctions on domestic refiners
Beijing [China], May 3 (ANI): The Chinese government has issued a formal injunction to block US sanctions directed at five domestic refiners, including the Hengli Petrochemical Refinery, accused by Washington of purchasing Iranian oil.
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Iraq oil exports could resume within a week, minister says
Iraq oil exports could resume within a week, minister says Iraq’s Deputy Oil Minister Basim Mohammed said Iraq could restore oil output and exports to normal levels within seven days once the crisis over the Strait of Hormuz ends. “Iraq can restore oil output and exports to normal levels within seven days of the crisis ending,” he said. He added that production currently stands at about 1.
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OPEC+ meets to set quotas after UAE exit
OPEC+ meets to set quotas after UAE exit Seven members of OPEC+ are meeting to decide oil production levels for the first time since the United Arab Emirates left the group, Al Jazeera reported. The UAE formally exited on 2 May, after deciding on 28 April to withdraw over dissatisfaction with production limits. According to traders cited in the report, the countries are expected to increase output by about 188,000 barrels per day.
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Iranian supertanker 'HUGE' bypasses US blockade with USD 220 million oil cargo, says TankerTrackers
Jakarta [Indonesia], May 3 (ANI): A Very Large Crude Carrier (VLCC) belonging to the National Iranian Tanker Company has successfully bypassed the US Navy to reach the Asia-Pacific, transporting over 1. 9 million barrels of crude oil with an estimated value of nearly USD 220 million, according to TankerTrackers. com.
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China orders domestic refineries to ignore US sanctions
The US has previously warned banks against dealing with firms allegedly involved in Irans oil trade China's Ministry of Commerce has instructed domestic companies not to comply with US sanctions targeting refiners allegedly linked to the Iranian oil trade.
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Iran tanker evades US blockade, reaches Asia Pacific, report says
Iran tanker evades US blockade, reaches Asia Pacific, report says A Very Large Crude Carrier linked to National Iranian Tanker Company has evaded the United States naval blockade and reached the Asia Pacific carrying more than 1. 9 million barrels of crude oil, according to TankerTrackers. com.
