Iran’s Exclusion Zone Near Hormuz Could Impact Global Oil Markets
Iran is set to create a new "exclusion zone" near the Strait of Hormuz, focusing on vessels it suspects of attempting to navigate through...
Potential U.S. Control of Strait of Hormuz Raises Global Trade Concerns
In a bold statement made in New York on Friday, US President Donald Trump suggested that the Strait of Hormuz could soon be declared...
Iran Threatens Gulf Economies Amid Potential US Military Actions
Iran has issued a stern warning to Gulf states, cautioning that any new military strikes by the United States on Iranian soil would provoke...
Taiwan Advocates for Economic Consideration in Japan-Philippines Maritime Discussions
Amid forthcoming negotiations between Japan and the Philippines to define maritime boundaries and continental shelf claims, Taiwan has expressed concerns about the potential impact...
South Korea Avoids Iran Blame, Focuses on Economic Stability Pre-Summit
In the wake of an attack on one of its cargo vessels, South Korea is proceeding with caution before assigning responsibility, despite early indications...
Oil prices drop amid potential Iran deal to ensure Hormuz passage.
In a surprising turn of events, oil prices plummeted while stock markets experienced an upswing following President Donald Trump’s announcement regarding potential peace with...