Iran’s parliament has approved cutting off the Strait of Hormuz, a narrow shipping lane in the Persian Gulf through which about 20 per cent of global oil and gas passes. It is now up to Iran’s ...

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Concerns have been raised over an explosive-laden shipwreck's proximity to shipping lanes off Kent, UK. WW2 American liberty ship SS Richard Montgomery sank 1.5 miles offshore of Sheerness in 1944 ...

Iran may shut critical shipping lane in response to U.S. airstrikes The push by Trump comes at an uncertain moment as U.S. embassies and military installations in the Middle East are on high alert ...

Trump calls for producers to pump more oil amid Iran shipping lane fears The price of oil jumped 4% shortly after trading began on Sunday night.

Washington – President Donald Trump on Monday called for the U.S. and other oil-producing economies to pump more oil as crude prices remain volatile following U.S. strikes on Iranian nuclear ...

Mr Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a vital oil and gas shipping lane, in retaliation for the US strikes on ...

President Donald Trump is calling for the U.S. and other oil-producing economies to pump more oil as crude prices remain volatile following U.S. strikes on Iranian nuclear facilities ...

By Monday afternoon, the price of a barrel of benchmark U.S. oil was down 6.1% at $69.34. Brent crude, the international standard, dropped 5.3% to $71.50 per barrel. That brought oil prices nearly ...

Trump wants oil producers to pump more crude since Iran could close critical shipping lane By AAMER MADHANI Associated Press Jun 23, 2025 Updated Jun 24, 2025 3 min to read ...

The latest ICS Maritime Barometer highlights continued pressure on the global shipping industry, as maritime leaders face a combination of geopolitical instability, rising regulatory demands and ...