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Trump Drops 20% Strait of Hormuz Cargo Fee, Cites Gulf Investment Deals WASHINGTON, July 14, Saudi Arabia Breaking News — US President Donald Trump abandoned plans to charge commercial vessels a 20% reimbursement fee on cargo passing through the Strait of Hormuz, saying the proposed levy would be replaced by trade and investment agreements with Gulf states. The reversal came one day after Trump announced that the fee would compensate the United States for providing maritime s

Tanker Reports Missile Strike While Transiting Strait of Hormuz Near Oman MUSCAT, July 14, Saudi Arabia Breaking News — A tanker reported being struck by a missile while transiting the Strait of Hormuz along the southern route near Oman’s coastline, the United Kingdom Maritime Trade Operations center said Tuesday. The incident was first reported to authorities on Monday and occurred 13 nautical miles, or approximately 15 miles, southeast of Limah, Oman. UKMTO said the attack

Iran Says US Pressure Blocked Strait of Hormuz Shipping Agreement TEHRAN, July 13, Saudi Arabia Breaking News — Iran said talks in Oman aimed at establishing a new arrangement for maritime traffic through the Strait of Hormuz ended without an agreement, blaming pressure from the United States. Iranian Foreign Ministry spokesperson Esmail Baghaei said Monday that the weekend discussions focused exclusively on developing a mechanism to ensure the safe passage of vessels through

The Callisto tanker sits anchored as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 10, 2026. REUTERS/Benoit Tessier RIYADH, June 26 (Saudi Arabia Breaking News) — The United Nations is working with countries to resume the evacuation of hundreds of ships and thousands of stranded seafarers from the Strait of Hormuz after the effort was halted earlier this week, a senior U.N. maritime official said on Friday. The I

CNN Obtains Draft U.S.-Iran Memorandum With No Explicit Strait of Hormuz Reference WASHINGTON, June 17 (Saudi Arabia Breaking News) - CNN obtained a copy of the U.S.-Iran ceasefire memorandum from a U.S. official, though it remains unclear whether the wording matches the version expected to be signed on Friday. The memorandum does not explicitly mention the Strait of Hormuz, despite the waterway becoming a central issue in negotiations. It provides for vessel traffic between

A drone view shows vessels anchored at the Strait of Hormuz, as seen from Musandam, Oman, on Monday.Stringer/Reuters PARIS, May 27 (Saudi Arabia Breaking News) — A memorandum of understanding under negotiation between Iran and the United States would call for U.S. military forces to withdraw from the vicinity of Iran and for the blockade of Iranian ports to be lifted, Iranian state television reported. In return, Iran would restore the number of commercial ships crossing the

DUBAI, May 27 (Saudi Arabia Breaking News) — Iran said ships belonging to “hostile countries” remain barred from passing through the Strait of Hormuz as talks continue between Tehran and Washington, Iranian state broadcaster IRIB reported on Wednesday. The naval arm of Iran’s Islamic Revolutionary Guard Corps said vessels linked to hostile countries are prohibited from crossing the strategic waterway. Tehran will continue cooperation with countries that comply with the “Irani

PARIS, May 8 (Saudi Arabia Breaking News) – Gunfire and explosions have been heard around the Strait of Hormuz on Friday, according to Iranian media, after the U.S. military attacked two Iranian – linked ships attempting to breach the U.S. blockade. Over the past two hours, U.S. and Iranian forces have been embroidered in a “limited exchange of fire”, Iran’s semi – official Tasnim news agency said, shortly after a flare – up overnight. “There are reports of a limited exchange

RIYADH, May 4 (Saudi Arabia Breaking News) - An explosion and fire struck a South Korean-linked vessel in the Strait of Hormuz on Monday, South Korea’s foreign ministry said. The Panama-flagged ship was carrying 24 crew members, including six South Koreans, and was docked near the United Arab Emirates when the blast occurred, the ministry said. No casualties were reported. The cause of the explosion and fire was not immediately known, and the government was checking details o

The 465-foot superyacht "Nord", linked to sanctioned Russian oligarch Alexei Mordashov is seen in Hong Kong, China, October 20, 2022. REUTERS/Donny Kwok RIYADH, April 28 (Saudi Arabia Breaking News) - A superyacht owned by Russian billionaire Alexey Mordashov was able to transit the Strait of Hormuz after maintenance in Dubai because neither Iran nor the United States objected, a source close to Mordashov said on Tuesday. The yacht, Nord, crossed the strait on Saturday on an

RIYADH, April 29(Saudi Arabia Breaking News) - U.S. President Donald Trump said Iran had told Washington it wanted the United States to reopen the Strait of Hormuz as soon as possible while it dealt with a leadership crisis. Trump said in a social media post that Iran had informed the United States it was in a “state of collapse” and wanted the waterway reopened. It was not clear how Iran had conveyed the message. There was no immediate Iranian comment. A U.S. official also s

The 465-foot superyacht "Nord", linked to sanctioned Russian oligarch Alexei Mordashov is seen in Hong Kong, China, October 20, 2022. REUTERS/Donny Kwok RIYADH, April 27 (Saudi Arabia Breaking News) - A superyacht linked to sanctioned Russian billionaire Alexey Mordashov crossed the Strait of Hormuz on Saturday, according to shipping data, becoming one of the few vessels to transit the waterway amid restrictions tied to the U.S.-Iran conflict. Nord, a 142-metre yacht valued a

RIYADH, April 22 (Saudi Arabia Breaking News) - A second ship came under attack on Wednesday in the Strait of Hormuz, the British military said, shortly after Iran’s Revolutionary Guard opened fire on a container ship. The United Kingdom Maritime Trade Operations, or UKMTO, did not identify who fired at the second vessel, but suspicion fell on Iran after the earlier attack. The cargo ship reported coming under fire and stopping in the water. No damage was reported. The incide

NEW DELHI, April 18 — India summoned Iran’s ambassador in New Delhi on Saturday after two Indian-flagged vessels were forced to reverse course in the Strait of Hormuz following reports of gunfire from Iran’s Revolutionary Guard, according to a statement from India’s External Affairs Ministry. India’s foreign secretary conveyed New Delhi’s “deep concern” over the incident to the Iranian envoy, the ministry said. According to the statement, the Indian official also noted that T

Iran’s foreign minister said on Friday that the Strait of Hormuz, which has been effectively closed since the start of the war causing chaos in global oil markets, would be opened for the remaining period of the ceasefire. In a social media post, Abbas Araghchi linked the announcement to the declaration of a 10-day truce in Lebanon between Israel and the Iran-backed militant group Hezbollah, which was announced by US President Donald Trump on Thursday and came into force earl

Finland President Alexander Stubb, left, attends a joint statement with France’s President Emmanuel Monday, Feb. 23, 2026 at the Elysee Palace in Paris (AP Photo/Thomas Padilla; Pool) RIYADH/WASHINGTON, April 14 - Finnish President Alexander Stubb said Iran currently holds the upper hand in its conflict with Israel and the United States because it controls the Strait of Hormuz, a strategic waterway through which a large share of the world's oil supplies passes. Speaking at an

REUTERS PARIS, April 9 (Saudi Arabia Breaking News) - Iran will allow no more than 15 vessels a day to pass through the Strait of Hormuz under its ceasefire agreement with the United States, Russia's TASS news agency reported on Thursday, citing a senior Iranian source. The move would leave tight restrictions in place on one of the world's most important shipping lanes after weeks of disruption linked to the conflict. The Strait of Hormuz, between Iran and Oman, is the main e