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How the US naval blockade has bled Iran of nearly $6bn in oil revenues
How the US naval blockade has bled Iran of nearly $6bn in oil revenues Iran is exporting less than one-sixth of the oil it was shipping before the war began. Iran’s crude oil exports fell to their lowest level in at least six years in May, as a United States naval blockade squeezes Tehran’s most important source of income amid a fragile ceasefire between the two nations. The blockade on Iran’s ports, which Washington commenced on April 13, is part of President Donald Trump’s effort to...
Iran war: US to lift naval blockade of ports, Trump says
US President Donald Trump
US Chagos talks confirmed amid concerns over China’s expanding naval ambitions
US President Donald Trump’s administration is holding regular high-level discussions with Britain to secure the long-term future of the strategically important Diego Garcia military base in the Indian Ocean, a US official has told the South China Morning Post. The confirmation comes amid reports that the White House is actively considering buying the Chagos Islands – host to a strategically important joint US-British military facility – amid concerns over China’s expanding naval ambitions in...
Satellite images show destruction of the US-Israel war on Iran
Satellite images show destruction of the US-Israel war on Iran From Iranian naval ports to US military bases across the Gulf, Al Jazeera shows 15 sites before and after the attacks. Since the United States and Israel launched attacks on Iran 100 days ago, the full scale of destruction across the region has been difficult to assess. Satellite imagery companies, including Planet Labs – the world’s largest commercial satellite operator based in California – have placed an indefinite blackout on...
Why the US Navy must look to allies if it wants to catch up to China at sea
Why the US Navy must look to allies if it wants to catch up to China at sea To close gap with Chinese fleet, analysts say the US must outsource shipbuilding to South Korea and Japan – but the move risks backlash The US budget submission for the next financial year includes US$1.85 billion for a study on outsourcing parts of the design and construction of frigates and destroyers, according to media reports last month. USNI News, the news service of the US Naval Institute, reported that the...
Trump says now making 'final determination' on Iran deal
The US President Donald Trump is making a final decision on whether to strike a peace deal with Iran, which would require Iran to agree never to have nuclear weapons and to open the Hormuz shipping lanes. Trump also announced that Iran will remove mines in the strait and that the US naval blockade of Iranian ports will be lifted, allowing oil and other tankers to start moving.
Secret routes & ghost tankers: Here's why crude hasn't hit $200 yet
Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade of Iranian ports, yet crude has stopped well short of the $200-a-barrel levels many analysts once feared. According to maritime intelligence firm TankerTrackers, one key reason is the emergence of alternative shipping networks that are allowing oil and cargo to continue flowing despite the disruption. The company reported a sharp rise in covert “dark” ship-to-ship transfers across the...
Iran seizes two cargo ships in Strait of Hormuz
Iran's president, Masoud Pezeshkian, says the US blockade is the main obstacle to peace negotiations and accused Washington of using "endless hypocritical rhetoric". The White House press secretary, Karoline Leavitt, said President Trump was "satisfied" with the US naval blockade of Iranian ports. She also insisted the blockade was proving successful, by "strangling" Tehran's economy.
Iran says its peace terms - rejected by US - are 'generous'
Donald Trump calls Iran's counter offer to end the war "totally unacceptable". Iran defends its proposals, saying they are "generous". Tehran wants the release of its frozen foreign assets, an immediate end to the war on all fronts and a halt to the US naval blockade of Iranian ports.
US Vice President suggests talks with Iran could resume
JD Vance says progress was made in discussions with Iran at the weekend and the ball is in Tehran's court. But he also accuses the Iranians of "economic terrorism" over the partial closure of the Strait of Hormuz. He was speaking hours after the US began enforcing its own naval blockade of Iranian ports.