BEIJING, Chinese President Xi Jinping called on Monday for the Strait of Hormuz to be opened to normal passage of ships, as Beijing calls it an “international waterway” and Iran claims inalienable rights over it. China calls Hormuz international waterway; Xi urges reopening An official statement said that during a phone call with Saudi Crown … Read more
As President Donald Trump announced a blockade of the Strait of Hormuz, a senior U.S. Justice Department official said the U.S. threatened to “severely prosecute” anyone who buys or sells sanctioned Iranian oil. U.S. to “severely prosecute” anyone buying or selling sanctioned Iranian oil The blockade was announced after US-Iran peace talks in Islamabad on … Read more
The United States is considering a major policy shift to lift sanctions on Iranian oil currently stranded on tankers at sea. U.S. Treasury Secretary Scott Bessant said on Thursday the move was aimed at increasing global crude supplies and easing price pressures. U.S. Treasury Secretary Scott Bessant said the United States could lift sanctions on … Read more