As part of the agreement, set to take effect immediately, Trump said the U.S. and Israel would suspend bombing Iran for two weeks, subject to Iran following through on its commitment to reopen the Strait of Hormuz for safe passage during the ceasefire period. (Image credit: STR)
As part of the agreement, set to take effect immediately, Trump said the U.S. and Israel would suspend bombing Iran for two weeks, subject to Iran following through on its commitment to reopen the Strait of Hormuz for safe passage during the ceasefire period. (Image credit: STR)
Elke Scholiers/Getty Images News Iran and Oman plan to charge transit fees from ships passing through the Strait of Hormuz during the two-week ceasefire, Iran's semi-official Tasnim News Agency reported, citing a regional official. Iran will use the fees it collects for reconstruction efforts, while Oman's plans for the funds remain unclear. Oman has not commented on the report . "For two weeks, s...
Elke Scholiers/Getty Images News Iran and Oman plan to charge transit fees from ships passing through the Strait of Hormuz during the two-week ceasefire, Iran's semi-official Tasnim News Agency reported, citing a regional official. Iran will use the fees it collects for reconstruction efforts, while Oman's plans for the funds remain unclear. Oman has not commented on the report . "For two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran's Armed Forces and with due consideration of technical limitations," Iran's Foreign Minister Abbas Araqchi said in a statement. President Donald Trump said the U.S. will help with the traffic buildup in the Strait of Hormuz. "Big money will be made. Iran can start the reconstruction process. We'll be loading up with supplies of all kinds, and just 'hangin' around' in order to make sure that everything goes well," he posted on Truth Social. Oil prices ( CL1:COM ) ( CO1:COM ) plunged below $100/bbl after the ceasefire was announced as fears of prolonged supply disruption eased. "Further price direction will hinge on whether talks translate into a durable agreement and a sustained normalization of flows through the strait, with volatility likely to persist during negotiations later this week," said ING Economic and Financial Analysis. According to Kpler data, 172 Mbbl of crude and products are still on the water in the Gulf, spread across nearly 187 laden tankers. "While the ceasefire creates a window for transit, flows remain conditional and operationally constrained," Kpler analysts said. Meanwhile, jet fuel costs may stay elevated despite oil prices easing. Willie Walsh, director general of the International Air Transport Association, said even if the strait reopened, "it will still take months to get back to where supply needs to be." More on Iran war Commodities: Oil Slumps Below $100 After U.S., Iran Agree To 2-Week Ceasefire Stocks From Liberation Day To Iran War Shipowners eye escape ...
Sandra Laville has been reporting on England’s sewage crisis for years. She’ll be taking readers’ questions on the scandal at 1pm. Post yours now Sign in or create your Guardian account to ask a question Guardian environment correspondent Sandra Laville’s reporting on the sewage crisis in English water has helped to expose a scandal of privatisation that has created a swell of fury across the poli...
Sandra Laville has been reporting on England’s sewage crisis for years. She’ll be taking readers’ questions on the scandal at 1pm. Post yours now Sign in or create your Guardian account to ask a question Guardian environment correspondent Sandra Laville’s reporting on the sewage crisis in English water has helped to expose a scandal of privatisation that has created a swell of fury across the political divide. Sandra will be live here at 1pm (BST). Post your questions on water pollution below the line now. Further reading: Sewage released into England’s rivers and seas nearly 300,000 times last year Thousands of pollution incidents in England downgraded without site visit, data suggests Who are the key figures in the sewage crisis, and where are they now? Continue reading...