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‘Because they’re dying’, ‘They have no money now’: Trump reveals why Iran wants Strait of Hormuz reopened
The brief
- Tehran seeks sanctions relief, an end to the blockade and a ceasefire before fully reopening the Strait of Hormuz
- Hormuz shipping disruption can lift crude costs for Indian refiners and fuel-sensitive sectors
- Dibrugarh set to resume international cargo movement on Brahmaputra after nearly 80 years
- Europe braces for LNG tug of war with Asia
- Value of old supertankers soars past new builds as market goes ‘bananas’
- Jaishankar calls targeting of commercial shipping, seafarers ‘simply unacceptable’ amid Gulf conflict
- India, Turkey, Egypt part of talks to unblock Black Sea shipping: Zelenskyy
US-Iran standoff over reopening the Strait of Hormuz
Oil rose as Iran threatened to widen the conflict and held to a seven-day proposal to reopen the Strait of Hormuz, while Trump rejected the proposal. Iran said indirect talks with the US remained open; Trump said the conflict could end soon but did not rule out further strikes.
Sunday, 27 September
- ‘Because they’re dying’, ‘They have no money now’: Trump reveals why Iran wants Strait of Hormuz reopened