Washington, July 13 (IANS) Oil prices rose more than 3 per cent as the United States and Iran exchanged fresh strikes, renewing fears of disruption in the Strait of Hormuz, a critical route for global energy supplies.US crude futures climbed 3.4 per cent to $73.87 a barrel by 6.03 p.m. ET, CNBC reported. Brent crude, the international benchmark, gained 3.5 per cent to $78.67.The New York Times put Brent slightly higher at nearly $79 a barrel. That was about 9 per cent above its pre-war price.The…
Latest Joint Maritime Information Center News & Updates
London, May 31 (IANS) Iran’s Islamic Revolution Guard Corps (IRGC) Navy warned that any US interference in the “management” of the Strait of Hormuz would be met with a “strict military response.”According to recordings from a public maritime radio channel provided to Xinhua by crew members aboard vessels stranded near the strategic waterway, the IRGC Navy issued a warning to ships operating in the Persian Gulf and the Gulf of Oman, stating that the Strait of Hormuz remains closed and that transi…