shipping route
Coverage of shipping route in the Nexus archive.
- Iran and Oman reach understanding on coordinates of route through Hormuz, Iran ministry says
Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, with a joint announcement being finalized. Iran's foreign ministry spokesperson Esmaeil Baghaei noted that the agreement alone would not guarantee security in the strategic waterway.
- Brent crude oil surges to $100 a barrel for first time since May after reports of Red Sea attacks
Brent crude oil surged to $100 a barrel for the first time since May due to reports of Red Sea attacks. Fresh strikes in the Red Sea raised fears that a second critical shipping route in the Middle East could be compromised.
- Middle East live: Iran says Strait of Hormuz will be administered by Tehran
Iran’s chief negotiator Mohammad Bagher Ghalibaf stated that the Strait of Hormuz will be administered by Tehran following US-Iran talks in Switzerland. Negotiations continue over regional security arrangements and the future of the key shipping route.