Summary and Key Points: Iran has effectively closed the Strait of Hormuz without firing a single shot. By threatening cargo ships with drones, missiles, sea mines, swift boats, and midget submarines,

During a Cabinet meeting, President Donald Trump said nobody will control the Strait of Hormuz, calling it “international waters” that must remain open to everybody. Trump also warned Oman “will

President Donald Trump said on Wednesday the U.S. and Iran still have issues to resolve in peace talks, after Washington dismissed an Iranian state television report of a framework deal to restore shipping through the Strait of Hormuz within a month and to lift a U.

South Korea's Foreign ⁠Ministry ⁠said on Wednesday that ⁠an attack on a cargo ship operated by local ​shipper HMM in the Strait of Hormuz earlier this month likely involved ‌an Iranian anti-ship missile.

Widespread interference with signals on the industry’s Automatic Identification System continues to cloud the picture, making independent verification of ship traffic difficult.

By Jonathan Saul ATHENS, May 27 (Reuters) - An oil products tanker operated by Chinese shipping group COSCO was in the process of crossing through the Strait of Hormuz on Wednesday, after two crude tankers sailed in the past day,

Michael Aldwell from Kuehne+Nagel Group says the land bridge solution is unable to keep up with the capacity that's lost due to the closure of Strait of Hormuz. He adds that there won't be broad acceptance to paying tolls to a sovereign nation for go through international waterways.

Kevin Hassett expects inflation to fall by year's end as energy prices decline, pointing to strong economic momentum and falling Treasury yields.