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World Economy Apr 12, 2026

Three VLCCs Traverse Strait of Hormuz Amid Fragile US‑Iran Ceasefire, Easing Oil Supply Strain

During the tentative two‑week ceasefire between the United States and Iran, three supertankers carr…
Three Very Large Crude Carriers (VLCCs) successfully navigated the Strait of Hormuz on Saturday, marking a rare movement of oil cargoes amid the fragile truce between the United States and Iran.The vessels – the Liberia‑flagged Serifos, and the China‑flagged Cospearl Lake and He Rong Hai – each can transport about 2 million barrels of crude, collectively representing a significant volume for a waterway that channels roughly 20% of the world’s oil and LNG shipments.According to data from the London Stock Exchange Group (LSEG) and analytics firm Kpler, the Serifos is chartered by Thailand’s state‑owned energy firm PTT. Loaded with Saudi and UAE crude in early March, it is slated to dock at Malaysia’s Malacca Port on April 21.The other two carriers, Cospearl Lake and He Rong Hai, are chartered by Unipec, the trading arm of Chinese energy giant Sinopec. Cospearl Lake, carrying Iraqi oil, is expected to reach China’s Zhoushan port on May 1, while the destination for He Rong Hai remains undisclosed.Earlier, a tanker named Ocean Thunder, chartered by a Petronas subsidiary, also transited the strait, underscoring a gradual, albeit limited, resumption of traffic.Despite these movements, hundreds of tankers remain stranded in the Gulf, awaiting clearance during the two‑week ceasefire. Their prolonged idling continues to pressure global energy prices, which have surged since Iran’s blockade began in late February.In addition to the loaded vessels, three empty tankers – Mombasa B, Agios Fanourios I, and Shalamar – were observed heading into the strait on Sunday to load fresh cargoes. Notably, Agios Fanourios I signaled a route to Iraq’s Basrah fields to pick up crude destined for Vietnam.Management firms such as Eastern Mediterranean Maritime, Cmb.Tech NV, and Pakistan National Shipping have not provided comments on the recent transits.While the passage of these three supertankers offers a modest relief to the global oil supply chain, the overall situation remains precarious. The continuation of the ceasefire and the resolution of Iran’s blockade will be critical determinants of oil market stability in the weeks ahead.
#iran #vlcc #ptt
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News Apr 12, 2026

UN maritime chief declares Iran's Strait of Hormuz toll plan illegal as US‑Iran ceasefire stalls

The secretary‑general of the International Maritime Organization warned that Iran’s proposal to cha…
Iran’s attempt to impose tolls on vessels passing through the Strait of Hormuz has been labeled illegal by Arsenio Domínguez, the head of the United Nations’ International Maritime Organization (IMO). In an interview with Al Jazeera, Domínguez stressed that such charges would set a dangerous precedent for global shipping. Tehran has asserted its right to levy fees even after the conflict ends, while U.S. President Donald Trump floated the idea of a joint U.S.-Iran venture to collect the payments. Both proposals clash with established maritime conventions. "Countries do not have the right to introduce tools or payments or charges on these straits," Domínguez said, adding that any toll system would be contrary to international law and could cripple the free flow of trade. The remarks came as marathon cease‑fire negotiations between U.S. and Iranian officials in Pakistan concluded without an agreement. U.S. Vice President JD Vance noted that Tehran rejected Washington’s terms, which included a commitment to forgo nuclear weapons development, prompting the American delegation to depart Islamabad after presenting its "final and best offer." Iran’s state‑run Press TV blamed the stalemate on what it called the United States' "excessive demands," citing the toll issue and the nuclear programme as major points of contention. Despite a two‑week cease‑fire announced earlier in the week, maritime traffic remains severely limited. Only 22 vessels with active AIS signals exited the strait between the truce’s start and Friday, a stark drop from the pre‑conflict average of about 135 daily transits, according to S&P Global. The bottleneck is throttling oil and natural‑gas exports from the Gulf. The U.S. military reported that two warships had navigated the waterway to clear Iranian mines, a move Iran denied. President Trump later insisted the strait would reopen "fairly soon," with or without Tehran’s cooperation. Domínguez emphasized that ending the hostilities is the fundamental solution to restoring safe passage. He warned that any resumption of traffic must be accompanied by thorough de‑mining and safety checks to protect both vessels and crews. He also dismissed calls for new legal frameworks, noting that the 1968 traffic‑separation agreement between Iran and Oman—which splits the strait into north‑ and south‑bound lanes—had functioned effectively before the war and does not require revision. Humanitarian concerns feature prominently in Domínguez’s statements. He highlighted that roughly 20,000 seafarers are stranded in the Gulf due to the blockade, warning that prolonged isolation would not only harm these workers but also have a negative ripple effect on the global economy.
#iran #shipping #seafarers
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Politics Apr 12, 2026

Pakistan Deploys Fighter Jets to Saudi Arabia as US‑Iran Ceasefire Talks Intensify

Pakistan sent a squadron of fighter and support jets to Saudi Arabia under a 2025 mutual defence pa…
Pakistan dispatched a mixed fleet of fighter and support aircraft to King Abdulaziz Air Base in Saudi Arabia’s Eastern Province on Saturday, marking the first visible military action under the mutual defence agreement signed in September 2025. The Saudi Ministry of Defence confirmed the landing, noting the deployment aligns with the collective defence clause that obliges each signatory to treat an attack on the other as an attack on itself. At the same time, Islamabad is hosting direct US‑Iran negotiations aimed at halting weeks of regional fighting triggered by Iran’s missile and drone strikes on Gulf targets after the US‑Israeli killing of Supreme Leader Ali Khamenei on 28 February. Foreign Minister Ishaq Dar told reporters he personally warned Iranian leaders in early March that Pakistan must honour its obligations to Riyadh. Tehran, seeking assurances that Saudi soil would not be used for attacks against it, received such guarantees, Dar added. Despite these diplomatic overtures, Iranian attacks on Saudi facilities – including key bases and a US embassy building – have persisted. In early March, Pakistan’s army chief, Field Marshal Asim Munir, flew to Riyadh to discuss measures to curb Iranian strikes within the framework of the defence pact. Four days before the jet deployment, Prime Minister Shehbaz Sharif phoned Crown Prince Mohammed bin Salman, pledging that Pakistan would stand “shoulder to shoulder” with Saudi Arabia. The two leaders also agreed to accelerate a $5 billion Saudi investment package earmarked for Pakistan. Saudi Finance Minister Mohammed al‑Jadaan met Sharif, Dar and Munir in Islamabad on Saturday, underscoring the economic dimension of the partnership. Saudi Arabia hosts roughly 2.5 million Pakistani workers, whose remittances are vital to Pakistan’s fragile economy, and has repeatedly provided financial assistance. Security analyst Imtiaz Gul told Al Jazeera the deployment was not intended as a military escalation but as a “messaging tool” to remind Tehran of Pakistan’s treaty obligations. “Three jets won’t make much of a difference militarily,” he said, noting Saudi Arabia’s own sizable air force. Michael Kugelman, senior fellow for South Asia at the Atlantic Council, described the move as “a risky gambit.” He warned that if Iran refuses concessions, Pakistan could be drawn closer to Saudi Arabia, potentially invoking the defence pact in a renewed conflict.
#Pakistan Air Force #Saudi Arabia #US‑Iran ceasefire negotiations
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Video Apr 11, 2026

Assessing Whether Pressure, Incentives and Risks Can Secure a Lasting US‑Iran Ceasefire

The article evaluates the prospects of a definitive US‑Iran ceasefire, weighing diplomatic pressure…
The discussion centers on the complex calculus behind forging a permanent ceasefire between the United States and Iran. Analysts consider whether sustained diplomatic pressure, strategic incentives, and the potential fallout from missteps can collectively drive the parties toward a conclusive settlement. Pressure tactics—including sanctions relief and political engagement—are examined for their ability to compel concessions, while incentive packages such as economic aid or security guarantees are weighed as possible carrots. Equally critical are the risks involved: misinterpretation of signals, regional power dynamics, and domestic opposition on both sides could derail negotiations. The piece underscores that any viable deal must balance these elements to achieve durability and broader regional stability.
#us-iran #ceasefire #can
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News Apr 11, 2026

US and Iran Engage in Ceasefire Talks as Conflict Escalates Across Region

Senior Iranian officials have arrived in Islamabad, Pakistan, for ceasefire talks with the United S…
Senior Iranian officials, including parliamentary speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi, have arrived in Islamabad, Pakistan, for ceasefire talks with the United States. The US delegation, led by Vice President JD Vance, along with special envoy Steve Witkoff and Jared Kushner, is representing Washington in the negotiations.Ahead of the talks, Vance indicated a potential opening for diplomacy, stating that Washington is ready to “extend an open hand” if Iran negotiates in good faith. However, the situation on the ground remains volatile, with Lebanon’s Health Ministry reporting that at least 357 people were killed in Israeli attacks on Wednesday, with the death toll expected to rise.In IranIran is experiencing a near internet blackout that has passed 1,000 hours, making it one of the longest nationwide internet disruptions on record, according to the monitoring group NetBlocks.Analyst Zohreh Kharazmi noted that Iranians remain sceptical ahead of the negotiations, despite Tehran believing it holds leverage, including over the Strait of Hormuz.War DiplomacyIran’s delegation of top officials arrived in Islamabad for ceasefire talks with the US, as reported by Iranian state television on Friday.Lebanon’s presidency announced that a meeting will be held at the US Department of State on Tuesday to discuss declaring a ceasefire and the start date for negotiations between Lebanon and Israel under US auspices.Iran demands a truce in Lebanon and the release of its blocked assets as Vance warned Tehran not to “play” Washington in their talks.US President Donald Trump stated that Iran has “no cards” in upcoming talks with the US and mentioned that US warships are being reloaded with weaponry to strike Iran if the talks fail to produce a deal.In the USTrump says the Strait of Hormuz will reopen ‘fairly soon’, pledging that Washington will “open up the Gulf” amid ongoing disruption to global energy supplies.Former US ambassador Douglas Silliman noted that Trump is likely to push for a fast outcome in the talks to ease economic pressure, with the reopening of the Strait of Hormuz seen as a critical priority.US consumer prices surged to a two-year high, increasing pressure on the administration as economic concerns grow at home.In IsraelThe US has reportedly asked Israel to halt attacks on Hezbollah in Lebanon to avoid derailing negotiations, with the current US-Iran ceasefire set to expire on April 21.Israel’s military operations and expanding ground offensive in Lebanon continued, even as ceasefire negotiations were scheduled.In Gaza and JerusalemMore than 100,000 people attended the first Friday prayers at the Al-Aqsa Mosque in East Jerusalem since its reopening following the US-Iran truce, the holy site’s Islamic authority reported.An Israeli air strike killed at least six people and injured several others at the Bureij refugee camp in the central Gaza Strip, according to the Gaza Health Ministry.In LebanonHeavy toll from Israeli attacks: Lebanon’s Health Ministry reported that nearly 2,000 people have been killed by Israeli air strikes and ground operations since early March, with thousands more wounded.Lebanon is facing a food security crisis, with prices surging and supply chains disrupted amid Israel’s offensive, according to the United Nations World Food Programme (WFP).
#pakistan #lebanon #israel
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World Apr 11, 2026

Life on Hold: Israel's Border with Lebanon in Turmoil

The article explores the ongoing conflict between Israel and Lebanon, focusing on the impact on res…
The quiet evening in the Israeli kibbutz of Cabri, just five miles from the Lebanon border, was shattered by the sound of air raid sirens. The residents, including the Moria family, rushed to a reinforced safe room as Iron Dome interceptors were launched to counter incoming rockets from Hezbollah.The ceasefire-defying attack by Israel that killed over 300 people in Lebanon has reignited the conflict. Despite hopes that the Iran ceasefire might bring an end to Hezbollah's rocket fire, the situation remains fragile. 1,164 rockets have been fired into Israel since March 2, at a rate of about 30 a day, according to the Alma Center thinktank.Residents of Cabri describe a life of constant risk management, with every decision to leave home, work in the fields, or walk a dog influenced by the threat of attack. The conflict has resulted in over 1,700 recorded deaths in Lebanon since early March, with a smaller but significant number of civilian casualties in Israel.Moshe Davidovich, chief of the local Mate Asher Regional Council, supports Israel's continued war in Lebanon, citing the need to counter Hezbollah's threats. In contrast, Amir Yarchi, a kibbutz resident, argues that a military solution is unrealistic and could lead to an endless war.The situation highlights the complexity of achieving peace in the region, with international engagement and support for the Lebanese government seen as potential pathways to stability. However, with 79% of Israelis supporting continued strikes into Lebanon, finding a lasting solution remains a significant challenge.
#israel #lebanon #hezbollah
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Politics Apr 11, 2026

US‑Iran Ceasefire Faces Early Doubts, Analyst Warns of Potential Collapse

In a piece for Al Jazeera, Trita Parsi questions whether the recently brokered US‑Iran ceasefire is…
Al Jazeera’s analysis by Trita Parsi, published on April 10, 2026, raises a pressing concern: is the US‑Iran ceasefire already doomed? The article invites readers to scrutinise early warning signs that could undermine the fragile truce.While the piece does not present new data, it underscores the strategic importance of the ceasefire for both Washington and Tehran, noting that any breakdown could reverberate across the broader Middle‑East diplomatic landscape.Parsi’s questioning of the ceasefire’s durability serves as a reminder that peace agreements, especially those involving long‑standing rivals, require constant vigilance and robust mechanisms to prevent a rapid slide back into conflict.
#United States #Iran #Al Jazeera
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Politics Apr 11, 2026

Israeli Airstrikes in Lebanon Kill at Least 14 Amid Fears of Escalating Conflict

Israeli air strikes have killed at least 14 people in southern Lebanon, raising concerns about the …
Israeli air strikes have resulted in the deaths of at least 14 people in southern Lebanon, sparking fears that the ongoing violence could jeopardize the fragile US-Iran ceasefire. The strikes have targeted various areas, including a government building in the city of Nabatieh, where 13 security personnel were killed.Lebanon's President Joseph Aoun condemned the attacks, stating that targeting state institutions would not deter Lebanon from defending its sovereignty. The death toll is expected to rise as civil defense teams continue to search for survivors in the rubble.The violence has prompted a response from Hezbollah, which has fired rockets into northern Israel. The group has stated that its attacks will continue until Israeli and American aggression against Lebanon ceases. Hezbollah also claimed to have targeted Israel's Ashdod naval base with missiles.The conflict has significant humanitarian implications, with the UN children's agency, UNICEF, warning of a devastating impact on children. The agency reported that 33 children have been killed and 153 injured in recent attacks, adding to a total of 600 children killed or injured in Lebanon since March 2.The situation remains volatile, with diplomatic efforts underway to broker a ceasefire. Israeli Prime Minister Benjamin Netanyahu has ordered direct negotiations with Lebanon, but the prospects for a peaceful resolution remain uncertain.
#Israel Defense Forces #Southern Lebanon #Hezbollah
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World Economy Apr 11, 2026

Oil Prices May Take Months to Normalize Despite US-Iran Ceasefire

Despite a ceasefire between the US, Israel, and Iran, oil and gas prices are expected to take month…
The recent ceasefire between the United States, Israel, and Iran has brought a fragile calm to the region, but experts warn that energy prices may take months to normalize. The conflict had a significant impact on global oil and gas supplies, particularly through the Strait of Hormuz, a critical waterway through which 20% of the world's oil and gas exports pass.Iran's response to US-Israeli attacks included choking off the Strait of Hormuz and attacking energy infrastructure in several Gulf countries. This led to soaring prices for energy and byproducts like helium, as well as fertilizers that rely on these inputs, affecting sowing seasons and consumers worldwide, especially in developing countries.Experts stress that a predictable and stable flow of cargo through the strait is needed before markets can stabilize. Currently, only a trickle of vessels are passing through, with five vessels crossing on Wednesday and seven on Thursday, down from 120-140 ships per day before the conflict.Rockford Weitz, a professor at The Fletcher School at Tufts University, described the situation as 'the biggest disruption in the history of global oil markets.' He emphasized that normalization will take time and requires collaboration among global powers and regional players.Additionally, concerns remain about Iran charging toll fees and skyrocketing insurance fees, which could keep oil prices high. However, experts agree that these fees are not the primary cost drivers.The International Monetary Fund (IMF) has warned of a looming inflation crisis and plans to downgrade its forecast for the world economy. Kristalina Georgieva, IMF managing director, stated that growth will be slower, even if the new peace is durable.For now, oil prices are expected to remain higher than pre-war levels due to the overhang of greater risk premium of supplies out of the Gulf. The situation remains uncertain, with experts closely watching for any side deals, such as a potential agreement between Iraq and Iran, which could impact oil production and prices.
#oil #prices #iran
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