Iran Holds Exercises in Strait of Hormuz After Trump Threatens Military Action
The day before nuclear talks were set to resume, Iran conducted live drills in the Strait of Hormuz, a strategic waterway for oil and gas shipments.
The day before nuclear talks were set to resume, Iran conducted live drills in the Strait of Hormuz, a strategic waterway for oil and gas shipments.
The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
The ship, which was flying a Marshall Islands flag, was passing through the Strait of Hormuz when it lost contact with its managers.
Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas.
Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil.
They rose more than 4 percent as traders wondered if the United States would take a more active role in the conflict between Israel and Iran.