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The Latest Breaking News from IMO

Chaos and confusion bring US no closer to resolution on strait of Hormuz

Five months of U-turns and false boasts leave Donald Trump in worse position than when he started

The Guardian - UK

Hormuz is No Suez or Panama Canal, Says Global Shipping Giant, Slams Trump's 20% Toll as 'Fundamentally Wrong'

Shipping executives warned that President Donald Trump’s proposed 20% levy on vessels passing through the Strait of Hormuz could backfire by discouraging ship traffic and further reducing activity on the crucial trade route.

Benzinga

UN Shipping Agency Says There Is 'No Legal Basis' for Trump's Hormuz Toll Plan

The UN's maritime agency has rejected Donald Trump's proposal to charge a 20% fee for vessels passing through the Strait of Hormuz, citing no legal basis for tolls on international waterways.

International Business Times UK

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Some ships still crossing Strait of Hormuz despite security threat

A small number of vessels crossed the Strait of Hormuz on Sunday, despite the heightened security threats as Tehran and Washington battle for control of the strategic waterway. Just 14 vessels -- half of which were commercial ships -- crossed on Sunday, according to data from maritime tracker Kpler, suggesting…

The Economic Times

Iran Rejects Restart of Talks As Renewed Strikes Slow Hormuz Shipping

Iran has rejected restarting talks with the US unless the Trump administration "first retreats from its current positions," the semi‑official Fars News Agency reported on Saturday.

Benzinga

How To End The Tussle Over Hormuz Strait: Is Britain, Oman Floating A Not So Straight Proposal

The new line of thought is that if payment is voluntary, it could pacify the US advocacy of a free shipping transit system globally and result in a closure for the dispute over control of the Strait of Hormuz. A fifth of the global oil and energy supplies passed through…

International Business Times

Damaged Qatari LNG tanker awaits salvage after strike as Hormuz risks escalate

A Qatari LNG tanker remains stuck off Oman after being hit by a projectile. U.S. forces reported two other tankers were targeted by Iran recently. These attacks prompted the U.S. to revoke Iran's oil sales license. Global oil prices jumped significantly following these developments. The U.N. shipping agency condemned the…

The Economic Times

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US-Iran talks over $6bn Iranian assets to restart

Two sides yet to have face-to-face meeting since signing deal to reopen strait of Hormuz

The Guardian - UK

How ships are risking ‘safe’ passage through the Strait of Hormuz

A plan to divert shipping through an alternative corridor off the Omani coast to avoid the threat of mines in the Strait of Hormuz has come under scrutiny after two attacks on ships in recent days. Though Iran and Oman agreed to engage in talks on Monday on the strait's…

France 24

Iran is jealously competing with Oman as decision-maker over strait of Hormuz

Tehran believes it should control the shipping route but its neighbour has its own plans for reopening it

The Guardian - UK

Fresh hostilities in Gulf suggest US-Iran memorandum was too broadly worded

Document appears to have been subject to conflicting interpretations on key issues of Lebanon ceasefire and strait of Hormuz

The Guardian - UK

Seafarers feel forgotten, shipping should not be used as collateral: IMO chief amid US-Iran conflict

Shipping must be kept out of geopolitical conflicts, urged the International Maritime Organization chief, as seafarers "feel forgotten." He highlighted the tragic loss of Indian lives in recent attacks, emphasizing the need for better seafarer protection. The IMO is working to support those still in dangerous regions, ensuring their safety…

The Economic Times

Hormuz traffic eases, ships continue using disputed Oman route

Despite a projectile striking a vessel, ships are continuing to use a non-Iranian-approved passage through the Strait of Hormuz. Traffic levels saw a slight dip from Wednesday's peak, but many commodity vessels, including oil tankers, are still transiting. Iran insists only its designated routes are authorized, leading to a temporary…

The Economic Times

Oil Prices Fall Despite Iranian Attack Against Vessel In Hormuz Strait; WTI Drops Below $70 a Barrel

Oil prices dropped on Friday despite an Iranian attack against a vessel in the Strait of Hormuz.

International Business Times

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International Business Times

UN Halts Plan To Evacuate Sailors Stranded In Strait Of Hormuz After Iranian Strike Against a Vessel

The UN halted an initiative to evacuate sailors stranded in the Strait of Hormuz after Iran struck a vessel.

France 24

US wants Iran deal but 'not at any price', Rubio says

US Secretary of State Marco Rubio said on Thursday Washington would not accept any Iran deal allowing Tehran to impose fees on shipping through the Strait of Hormuz, warning it would cause "total chaos". His remarks came after an attack on a vessel forced the United Nations to suspend mariner…

International Business Times

Iran Reportedly Estimates It Could Get $40 Billion a Year From Management Of Hormuz Strait

Iran estimates it could make $40 billion a year from managing shipping through the Strait of Hormuz, according to a new report.

The Guardian - UK

Iran rejects UN-backed plan to free ships trapped in strait of Hormuz

Blocking of proposal backed by Oman signals new threat to free passage through strait vital to world economy

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International Business Times

Energy Secretary Chris Wright Says U.S. Military Escorts Prevent Iran From Closing Hormuz Strait

Energy Secretary Chris Wright said Iran no longer has the ability to close the Strait of Hormuz.

The Economic Times

Traffic flows through Hormuz continue to improve as IMO evacuation begins: Monitor

Traffic through the Strait of Hormuz is showing a marked improvement following a US-Iran agreement, with an average of 22 commodity ships daily since June 15, a significant rise from pre-agreement levels. New IMO evacuation routes are also facilitating the passage of vessels, with hopes of evacuating around 50 seafarers…

International Business Times

S&P 500, Nasdaq Reverse Gains And Drop Again As Rout Continues Among Chipmakers

Stocks were mixed on Wednesday as the S&P 500 and the Nasdaq Composite dropped after reversing earlier gains and the Dow Jones edged higher.

International Business Times

Brent Crude Falls To Lowest Level Since The Day Before The Iran War Began

Oil prices continue to drop as shipping through the Strait of Hormuz resumes.

International Business Times

U.N. Maritime Agency Launches Plan to Evacuate 11,000 Seafarers Stranded in Strait of Hormuz

The United Nations' maritime agency has begun implementing a large-scale operation to evacuate more than 11,000 seafarers stranded aboard hundreds of vessels in and around the Strait of Hormuz.

France 24

Iran-US technical talks to be held in Switzerland by end of June, Rubio says

US Secretary of State Marco Rubio said during his tour of Gulf countries Wednesday that he believed technical talks between the United States and Iran would resume on June 29 or 30 in Switzerland. Earlier Israel’s Defence Minister Israel Katz said Israel would not withdraw from south Lebanon, even under…

The Times of India

UN launches evacuation of 11,000 stranded sailors in Strait of Hormuz amid US-Iran toll dispute

The UN is actively facilitating the evacuation of approximately 11,000 sailors from the Strait of Hormuz, a critical move emerging from a recent US-Iran peace accord. While maritime activities begin to resume, disputes linger regarding the future management and potential tariffs of the strait's usage. The US upholds its position…

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