Iran has allowed Malaysian vessels trapped in the Persian Gulf to return home through the Strait of Hormuz, the Southeast Asian nation’s prime minister said in a televised address on Thursday evening. The narrow waterway has been all but closed since US and Israeli strikes against Iran began almost a month ago, upending global energy markets and trapping hundreds of tankers and other vessels. Mala...
Iran has allowed Malaysian vessels trapped in the Persian Gulf to return home through the Strait of Hormuz, the Southeast Asian nation’s prime minister said in a televised address on Thursday evening. The narrow waterway has been all but closed since US and Israeli strikes against Iran began almost a month ago, upending global energy markets and trapping hundreds of tankers and other vessels. Malaysia is a significant oil and gas producer, but it also imports crude from the Middle East and is heavily dependent on the strait. “I would like to take this opportunity to thank the president of Iran for granting early passage,” Anwar Ibrahim said. “We are now in the process of securing the release of Malaysian oil tankers and workers involved, so that they can continue their journey home.” Countries across Asia have imposed a variety of fuel-saving measures including work-from-home arrangements for civil servants, and Anwar called for the private sector to consider similar measures as an energy crunch deepens. Anwar referred to conversations with leaders across the region, adding Iran had been deceived repeatedly and found it “difficult to accept steps toward peace without a clear and binding security guarantee for their nation.” Malaysia has long had a pragmatic policy toward Iran. Anwar has recognized Tehran’s right to protect its sovereignty while also urging a rapid resolution to the conflict.
President Donald Trump again pushed back his deadline for Iran to strike a deal with the US or face more attacks, saying talks with the country were going “very well.” Bloomberg's Laura Davison reports. (Source: Bloomberg)
President Donald Trump again pushed back his deadline for Iran to strike a deal with the US or face more attacks, saying talks with the country were going “very well.” Bloomberg's Laura Davison reports. (Source: Bloomberg)
The stock market sold off, with the Nasdaq undercutting recent lows on President Trump's Iran war comments. Meta, Microsoft and Google are breaking down.
The stock market sold off, with the Nasdaq undercutting recent lows on President Trump's Iran war comments. Meta, Microsoft and Google are breaking down.