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The Latest Breaking News from JMIC

Saudi-Led Coalition Strikes Houthi Targets In Response to Militia Attacks; Energy Markets Brace for Volatility

The Saudi‑led coalition in Yemen struck Houthi targets on Saturday in response to missile attacks launched by the Iranian‑backed group.

Benzinga

Money talks: As the Iran war continues, Hormuz tolls gain traction

With missiles replacing merchant ships in the Strait of Hormuz, activity in the world's most critical energy corridor is grinding to a halt—and a controversial proposal to charge for safe passage is gaining traction.

Fortune

Middle East crisis: US to resume naval blockade of Iranian ports, warns vessels of interception

The United States will restart enforcing a maritime blockade on Iran from Tuesday. This action targets all vessels entering or leaving Iranian ports and coastal areas. American forces will enforce the blockade against vessels transiting to or from Iranian ports. Commercial mariners have been advised to monitor official navigation notices…

The Times of India

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Hormuz Stays Open as Iran–US Strikes Lift Oil Prices Amid Gulf Tensions

Shipping through the Strait of Hormuz remains open despite Iranian claims that it has shut the key transit route for oil and natural gas to traffic.

Benzinga

Strait of Hormuz remains open despite Iran's closure declaration, maritime group says

The vital shipping lane through the Strait of Hormuz remained operational, defying Iran's earlier announcements of a closure. While commercial vessels navigated the Omani shores, the atmosphere was charged with threats of military action. Iran's Revolutionary Guard warned that no ships would be permitted to pass until foreign interference ended.

The Economic Times

TotalEnergies CEO: Energy Markets Will Take Months To Rebalance With Ongoing Hormuz Shipping Risks

Global energy markets may take as many as four months to rebalance, with gasoline and diesel inventories still constrained by shipping worries in the Strait of Hormuz, TotalEnergies SE Chief Executive Patrick Pouyanné said on Saturday.

Benzinga

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

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Donald Trump sends warships to break Iran’s strait of Hormuz blockade

US operation announced as ‘Project Freedom’ dramatically raises stakes in conflict

The Guardian - US

Brent crude hits $90 as Kuwait ‘starts cutting oil production’; shock as US economy loses 92,000 jobs in February – as it happened

Huge miss in US jobs report suggests labor market weakening, as Middle East crisis drives oil price higher and higher

The Guardian - UK

Haryana: Court directs action against IO for arresting woman from Patiala in absence of lady police officer

AMBALA: The district court of duty judicial magistrate first class (JMIC) Yachana directed Ambala superintendent of police (SP) on Monday, to take action against an investigation officer (IO) who arrested a woman accused in a case from Patiala in the absence of a lady police officer after sunset.

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