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As the Middle East broadly welcomes a ceasefire in the Israel-Hamas war in Gaza, Iran finds itself at one of its weakest moments since its 1979 Islamic Revolution. Tehran has operated its self-described “Axis of Resistance”over several decades, supporting militant groups and nations allied with it against Israel and the United States. But as Israel bombed the Gaza … Read more
Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. Giuseppe Cacace | Afp | Getty Images Ocean … Read more
The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate against commercial vessels following US airstrikes against Iran’s nuclear facilities. Greece, home to more oil-tanker capacity than any other nation, cautioned its ship owners to think again if they’re considering entering the Persian Gulf in the wake of US … Read more
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