Shipping disruption deepens in Hormuz and Bab al-Mandeb as tanker fire reported
Maritime insurance costs are rising sharply as disruption intensifies in the Strait of Hormuz and the Bab al-Mandeb, two waterways that are central to global energy and trade flows. Iranian sources said an explosion set a tanker ablaze in the Strait of Hormuz after it tried to travel the southern route off the coast of Oman. They also said two other vessels turned back after the blast, underscoring the immediate effect on traffic through the waterway.The Islamic Revolutionary Guard Corps said the tanker fire happened on Thursday and claimed the three ships were acting under US orders. In the same... [Continue Reading]
360LiveNews | 23 Jul 2026 15:29 LONDON
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Trump threatens U.S. strikes on Iranian infrastructure after any Hormuz ship attack
President Donald Trump made multiple posts on Truth Social in the last hour: - "The Civil Nuclear Deal (There will be no enrichment of material!) being made between the United States Department of Energy and Saudi Arabia, which pertains only to non-military use such as the ones that Iran and UAE (and others) already have, will be approved, but is totally subject to Saudi Arabia joining the very respected and successful Abraham Accords. The United States is not opposed to Civil (Non-Enriched) Nuclear Facilities. Thank you for your attention to this matter!" - "From this point forward, any time the... [Continue Reading]
Breaking-360LiveNews | 23 Jul 2026 13:00 LONDON
