strait
Follow Chronicle's coverage of "strait" — 8 published articles so far, refreshed hourly.
IRGC Says It Struck LPG Carrier NV Sunshine in Strait of Hormuz, Warns of Wider Punishment at Sea
Iran's Revolutionary Guards said on Friday they struck the LPG carrier NV Sunshine for using an 'illegal route' south of the Strait of Hormuz, and warned that enforcement against violating ships will no longer be confined to the strait.
Explosions rock Strait of Hormuz: tankers hit suspected mines as US destroys Iranian mine-laying boats
Iranian state media reported 'massive explosions' in the Strait of Hormuz, saying tankers using unauthorized routes may have struck naval mines. US Central Command confirmed self-defense strikes that destroyed two Iranian mine-laying boats, as oil prices jumped 4 percent.
The Hormuz bonus: tanker captains offered $100,000 salaries and $50,000 per-trip payouts as war chokes the strait
As attacks in the Strait of Hormuz hit their highest level since the US-Israel war on Iran began, shipping firms are paying captains base salaries of up to $100,000 plus $50,000 bonuses per voyage — and deck crews can earn four to six times normal pay.
Wall Street Slides as Oil Swings on Renewed Fears of Iran War Escalation
Wall Street fell and crude oil seesawed on Wednesday as fears of a renewed escalation in the US-Iran war sent investors fleeing risk. Crude surged on warnings that Iran is stepping up attacks in the Strait of Hormuz, then gave back gains after IEA members signalled they are ready to release strategic reserves.
North Korea Warns US Over Taiwan Arms Sales as Kim Pledges Support for Russia
North Korea's state media accused Washington of fuelling tensions in the Taiwan Strait through arms sales and military support for Taipei, while Kim Jong Un pledged continued backing for Russia in the same week.
Rubio: Iran Has Lost Control of Hormuz, Its Economy Is in 'Total Freefall'
US Secretary of State Marco Rubio said in Athens on October 7 that Iran has 'lost complete control' of the Strait of Hormuz, with oil flows nearly back to pre-war levels, and that Tehran's economy is in 'total and complete freefall' under crippling sanctions.
Aramco Chief Warns It Could Take Two Years to Rebuild Global Oil Stockpiles as Hormuz Squeeze Tightens
Amin Nasser told the Energy Intelligence Forum in London that nearly 3 billion barrels of oil supply have been lost since the war on Iran began, that the world's emergency stockpile cushion has become 'scarily thin', and that refilling reserves could take up to two years even after the Strait of Hormuz reopens.
OPEC+ Keeps Oil Output Targets Steady for November as Iran War Squeezes Gulf Supply
Seven core OPEC+ members met by video conference on Sunday and left November production targets unchanged — the second straight month of standing pat. With the Strait of Hormuz effectively closed since February and Gulf exports at 60–80% of normal levels, Brent crude remains above $100 a barrel.