Tehran has implemented a new system requiring vessels to pay up to $2 million for safe passage through the Strait of Hormuz. The toll follows the U.S.-Israeli attacks on Iran, which disrupted maritime traffic and global energy routes. Shipping companies from China, India, and Gulf countries are primarily affected, along with vessels facing Western sanctions. […]
Hormuz shipping disruption
Russia, China urge diplomacy amid Gulf tensions
MOSCOW/BEIJING: Russia and China expressed serious concern on Monday over restrictions in the Strait of Hormuz, warning that escalation could disrupt global energy supplies. Both countries called for restraint and a return to diplomatic negotiations to prevent further instability in the region. Russia’s Foreign Ministry opposed any blockade of the strategic waterway, emphasizing that the […]