Due to the underproduction of 500 million barrels of oil, the global market lost $50 billion. The Persian Gulf countries and the aviation industry suffered the biggest losses.
The Maltese vessel Celestial Discovery is heading to Oman without passengers. Iran and the US announced the opening of the strategic waterway for shipping.
Pakistani vessel Shalamar transported 450,000 barrels of oil from the UAE after the start of the American blockade. Movement through the strait remains critically restricted.
Tehran is ready to guarantee safe passage for ships through Omani waters after an agreement. 20% of global oil and gas supplies pass through this route.
The IRGC bought the TEE-01B device to monitor military facilities in the Middle East. China denies the deal and threatens countermeasures in case of new sanctions.
The US-blacklisted vessel Rich Starry attempts to pass through the strait after Iran's blockade announcement. Traders have suspended operations due to collision risks.
The Speaker of the Iranian Parliament predicts fuel shortages after the US imposes a naval blockade. Tehran declares a threat to the security of all ports in the Persian Gulf.
Rustem Umerov reported on the requests of Gulf countries and others for Ukrainian expertise, including in air defense and maritime security. Deeper security agreements with partners in Europe are also being prepared.
The Trump administration plans to discuss the return of at least six US citizens from Iranian captivity. Tehran may use the detainees as leverage.
Zelenskyy announced cooperation with Oman, Kuwait, and Bahrain. Ukraine will receive air defense for energy, oil, and diesel in exchange for military expertise.
Russia is trying to sell LNG disguised as fuel from Oman or Nigeria amid a shortage in the region. Buyers are offered fake documents and a shadow fleet.
Donald Trump is considering creating a joint venture with Iran for shipping security. Despite the truce, hundreds of vessels are stranded in the Persian Gulf.
The ceasefire plan allows Iran and Oman to collect funds from ships in the strait. Iran will direct the received funds to reconstruction after the suspension of US attacks.
Tehran proposes unblocking the Strait of Hormuz in exchange for sanctions relief and security guarantees. The plan was delivered via Pakistan amid threats from Donald Trump.
Zelenskyy announced the strengthening of energy and logistics cooperation with Turkey. Ukraine is expanding defense and economic ties with Middle Eastern countries.
Movement of vessels through the strait reached its highest level since the beginning of the war thanks to agreements between countries and Iran. Over the weekend, 21 ships passed, including from India.
Brent and WTI prices rose amid expectations of negotiation outcomes and the closure of the Strait of Hormuz. OPEC+ agreed to a slight increase in production for May.
The CMA CGM container ship transited through Iranian waters via a new route. The vessel declared its French affiliation for safe passage.
Due to the threat of Iranian control, countries in the region are considering expanding their pipeline network. The projects are estimated to cost billions of dollars as a security measure.
Ukraine has agreed with the Persian Gulf countries on strengthening air defense and joint defense production. Partners will also ensure the supply of diesel fuel.
Brent's value rose by 58% in a month due to Iran's blockade of the Strait of Hormuz. Trump threatens to destroy Tehran's oil wells in case of escalation.
Since February 28, Iran has launched 5,471 missile and drone attacks on the Persian Gulf region. The UAE was the most affected, and 309 people died in Kuwait due to shelling.
As a result of the Iranian attack, 11 people were killed and 178 were injured. UAE defense forces successfully destroyed 58 aerial targets within one day.
Iran-backed Houthis launched ballistic missiles at southern Israel. Attacks were also recorded in the UAE, Oman, Saudi Arabia, Bahrain, and Kuwait.
The Ministry of Foreign Affairs is finalizing agreements with the UAE and Qatar on cooperation in air defense and drones. The countries will exchange experience in countering Iranian attacks.
Iran launched a massive missile attack on Israel, hitting Tel Aviv and the area of the nuclear center. Trump claims negotiations are underway, but Tehran denies it.
The US President announced a five-day pause in attacks on Iran's energy facilities to stabilize oil prices. Tehran denies that negotiations took place.
Donald Trump announced negotiations with Iran involving Kushner and Witkoff. Reportedly, Turkey, Egypt, and Pakistan are acting as mediators.
The UAE, Saudi Arabia, and Qatar have changed their stance and are asking for Iran to be weakened by force. Attacks on oil infrastructure have forced the region to support Washington's actions.
Due to the blockade of the Strait of Hormuz and attacks on a plant in Qatar, LNG exports will stop in 10 days. Global gas prices are soaring due to the deficit.
