Strait of Hormuz developments

The country’s oil production currently exceeds 3 million barrels per day.

"The Hormuz crisis became a moment of truth for the global energy system, highlighting the significance of alternative logistics routes," Igor Sechin said

The US vice president also said that only US actions can save the world from an energy crisis

A senior regional official told The New York Post that in order to avoid potential quarrels with US President Donald Trump, Muscat rejected even the idea of voluntary fees to be used to ensure security and environmental protection in the strait

The USS Abraham Lincoln’s condition is one of the dozens of examples exposing the enemy’s exhaustion and inability to endure hostilities, the source said

"Hormuz oil volumes are back," the US president said

The current absence of large-scale hostilities allows the US military to reinforce its forces in the Middle East

According to the Iranian army, the attacks targeted satellite communication systems, supply depots and US airfields

The port and free-trade zone alone is responsible for more than a fifth of the emirate’s GDP

According to the report, the vessels included two very large gas carriers, two long-range tankers, one Supramax tanker and one Panamax tanker