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Trump: I would be fine with suspending Iran’s nuclear program for 20 years – What he said about Taiwan, tariffs and Hormuz
The American president stressed that he made no commitments regarding Taiwan, said he did not discuss tariffs with Xi, and implied he did not seek intervention over the Strait of Hormuz
Airfares in Europe set to rise due to Strait of Hormuz crisis, International Air Transport Association estimates
The IATA warns that higher fuel costs will be passed on to passengers - Concern over possible fuel shortages in the summer
“I am only thinking about how to prevent Iran from obtaining nuclear weapons,” Trump says ahead of his meeting with Xi: The agenda of the US–Beijing talks
“We cannot allow Iran to acquire nuclear weapons,” Trump said. As the ceasefire is being violated in the Straits, the POTUS is rushing to close the front, fearing he may appear weakened
Saudi Aramco: Oil market will not recover before 2027 if the Strait of Hormuz remains closed
Brent is expected to trade at $110 per barrel this quarter, fall to $100 next quarter and to $90 by the end of the year, estimates Morgan Stanley
The fear of the Strait of Hormuz crisis in the aviation industry
US conflict with Iran and the risk of a prolonged blockade in the Strait of Hormuz cause concern about soaring fuel prices, flight cancellations and show the day ahead for aviation
Iran moves to consolidate control over the Strait of Hormuz: Tolls and new ship transit control mechanism announced by Tehran
Ships wishing to pass through the maritime passage will be required to communicate with the new authority, complete the necessary documentation, and pay the prescribed transit fees