Ship traffic in Strait of Hormuz drops to zero amid Iran conflict

Commercial shipping through the Strait of Hormuz has halted completely as the conflict involving Iran enters its third week, marking one of the most severe disruptions to global energy supply chains in decades. Maritime analytics firm Windward reported that vessel traffic through the strategic waterway fell to zero on March 14 and 15. These......

Asian markets fall as oil holds above $100 amid Iran war

Asian financial markets opened lower Monday as investors prepared for another volatile week, with oil prices remaining above 100 dollars per barrel and no clear end to the conflict between the United States and Iran that has effectively disrupted shipping through the Strait of Hormuz. Futures tied to United States equities also signaled a......

Australia and Japan decline naval deployment in Strait of Hormuz coalition

Australia and Japan have ruled out sending warships to the Strait of Hormuz despite calls from United States President Donald Trump for allied nations to help secure the vital maritime route amid rising tensions with Iran. Canberra confirmed Monday that it will not deploy naval vessels to the strait, even as Washington seeks to form a multinational......

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