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Rising Tensions Leave Ships Stranded in Key Oil Passage

Traffic through the Strait of Hormuz ⁠was closed for a fourth day on Tuesday, choking off a key artery accounting for about 20% of global oil and gas supply. Greece’s Minister of Maritime Affairs and Insular Policy, Vassilis Kikilias, has raised urgent concerns over an increasingly alarming situation in the Strait of Hormuz, where dozens of vessels remain stranded amid escalating conflict involving Iran. He emphasized the need to safeguard global shipping and protect seafarers as the strategic waterway—responsible for roughly 20% of global oil and gas flows—remains closed for a fourth consecutive day.  The closure has disrupted international trade routes and heightened anxiety across the maritime sector. Greek authorities have urged shipowners to exercise maximum caution and avoid high‑risk zones in the wider Persian Gulf region as tensions continue to rise. The prolonged shutdown underscores the vulnerability of global supply chains to geopolitical instability and highlights th...
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Khamenei Declares Defiance as Trump Eyes Renewed Talks

In his first public address since a ceasefire ended a 12-day war with Israel, Iran’s Supreme Leader Ayatollah Ali Khamenei delivered a blistering speech on Thursday, warning the United States against further aggression and declaring Iran’s military response a “slap to America’s face”.

Speaking in a prerecorded video aired on state television, the 86-year-old leader appeared visibly fatigued but resolute. He downplayed the impact of recent U.S. strikes on Iranian nuclear sites, calling President Donald Trump’s claims of obliteration “exaggerated”. Khamenei asserted that Iran had emerged victorious and reiterated that any future attacks would be met with severe retaliation.

Meanwhile, President Trump confirmed that diplomatic channels remain open, stating that talks between U.S. and Iranian officials are expected to resume next week. However, Tehran has not publicly acknowledged any such plans.

The speech marked Khamenei’s first appearance since reportedly taking shelter during the conflict. As Iran begins to reopen its airspace and return to normalcy, tensions remain high, with both sides trading warnings even as diplomacy looms on the horizon.

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