Business
Iran Seeks to Charge Big Tech Fees for Undersea Cables in Strait of Hormuz
Iranian lawmakers and state-linked media are proposing annual fees for tech companies using fiber-optic cables beneath the strategic waterway.
Topic
strait-of-hormuz
Business
UAE Accelerates Oil Pipeline Project to Bypass Strait of Hormuz
The United Arab Emirates is fast-tracking a new West-East pipeline to double oil export capacity through Fujairah by 2027.
Business
Oil Prices Surge After Trump Rejects Iran Peace Proposal
Global energy markets reacted with price increases as the U.S. President rebuffed Iran's latest offer to end the Middle East conflict and the Strait of Hormuz remained shut.
World
Hormuz Blockade Drives Fertilizer Shortages and Price Spikes in Africa
The blockade of the Strait of Hormuz has significantly increased the cost of ammonia and urea, threatening food security across African nations.
Business
Oil Prices Surge Following U.S.-Iran Fire Exchange in Strait of Hormuz
Crude oil futures jumped Friday as renewed hostilities between the U.S. and Iran threatened a fragile ceasefire and global supply chains.