Middle East

The Panamanian-flagged bulk carrier MDL Toofan crossed the Strait of Hormuz on Sunday bound for Rio Grande do Sul.

May 08, 2026 Ti AI ṣe iroyin

U.S. military forces struck two Iranian oil tankers Friday in the Strait of Hormuz after exchanging fire with Iranian forces overnight. The attacks came amid efforts to enforce a blockade and followed reported Iranian missile and drone strikes on the United Arab Emirates.

The United Arab Emirates and Japan have agreed to promote cooperation aimed at securing a stable crude oil supply amid the closure of the Strait of Hormuz.

May 06, 2026 Ti AI ṣe iroyin

U.S. President Donald Trump said Wednesday that a peace agreement with Iran could be reached before his trip to China next week. Washington and Tehran are reportedly working on a one-page memorandum to end their war and set a framework for detailed nuclear negotiations.

Egyptian Foreign Minister Badr Abdelatty and Syrian counterpart Asaad Al-Shaibani discussed strengthening bilateral ties and coordinating on regional developments during talks in Cairo. Egypt reaffirmed support for Syria’s unity and rejected Israeli violations of its sovereignty. The discussions also covered broader issues like US-Iran negotiations and the situation in Lebanon.

May 03, 2026 Ti AI ṣe iroyin

South Korean stocks opened at a fresh record high on Monday after U.S. President Donald Trump announced plans to free ships stranded in the Strait of Hormuz, amid Washington and Tehran exchanging peace talk proposals. The benchmark KOSPI surged 2.79% to 6,782.93 at the open. Eased Middle East tensions drove the rally.