Concerns grew on Monday that the ceasefire between the United States and Iran might not hold after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate.Efforts to build a more lasting peace in the region likewise appeared to be on shaky ground, as Iran said it would not participate in a second round of negotiations that the U.S.
President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ceasefire.The U.S. Central Command said U.S. forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m.
Oil prices pared gains on Tuesday after briefly climbing above $100 a barrel following an announcement from U.S. President Donald Trump that he was extending a ceasefire with Iran until Tehran submits a proposal.Brent crude futures were volatile, settling up about 3% on Tuesday and then climbing further to rise more than 5% to a session high of $101.15 after reports that U.S.
Atlantic Towing Limited has achieved a milestone in its decarbonization journey with the successful retrofit of the Atlantic Shrike. Equipped with Vard Electro’s SeaQ Energy Storage System, the Platform Supply Vessel has recorded an 11% fuel savings across all operations and substantial CO2 savings.
BIMCO, the world’s largest shipping association, has elected Paul Pathy, President & CEO of Canada’s largest dry bulk shipping company, Fednav, as President. Pathy was elected at the organization’s general meeting in Copenhagen on Wednesday, May 14, 2025.Paul Pathy takes over as the 47th President and is the first BIMCO President from the Americas. He is taking over from Nikolaus H.
Iran issued a notice to airmen (NOTAM) that it plans rocket launches in areas across its south on Thursday from 330 GMT to 1330 GMT, the U.S. Federal Aviation Administration website showed on Wednesday.Iran conducted navy drills this week in the Hormuz Strait and plans to conduct a joint naval exercise with Russia on Thursday.
It was at an 18th century Georgian manor house outside London that Japanese lawmaker Rui Matsukawa began to have serious doubts about America’s commitment to defending her country.Matsukawa, a former deputy defense minister, traveled in March to historic Fordham Abbey for a top-level bilateral conference.