Strait of Hormuz will open soon, no tolls for Iran
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Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Oil prices rose again above $100 a barrel as initial optimism over the deal gave way to uncertainty about when passage through the Hormuz Strait might resume.
Sultan Ahmed Al Jaber demanded a full reopening of the strait, warning that the oil supply disruption will increase if Iran maintains control of the passage.
The vote hammered home to Gulf states that China is a partner when it comes to business—but less so on security.
UC Berkeley law professor John Yoo comments on the Strait of Hormuz, international maritime law and more on ‘America Reports.’
The trade body for European airports said if the Strait of Hormuz did not open in the next three weeks, there could be shortages.
In today’s newsletter: Only a handful of ships have passed through the Strait of Hormuz since the ceasefire deal was announced.