Global Trade
Strait of Hormuz, one of the world's most important oil shipping routes, has officially reopened to commercial traffic following a landmark US-Iran agreement to end months of conflict. The first Saudi-flagged supertankers carrying millions of barrels of crude oil have already passed through the strategic waterway. Shipping activity is picking up rapidly, with tankers loading cargoes near the UAE and heading toward global markets.
Updated 9 days ago

Amid the ongoing US-Iran war, a third vessel carrying Indian seafarers has come under attack in just four days, raising serious concerns about maritime security in the Gulf region. The latest incident involved MV Jalveer, a Guinea-Bissau-flagged tanker operating near Oman's Shinas port. Authorities confirmed that all 20 Indian crew members on board were safely evacuated following the attack. The development comes shortly after the deadly strike on tanker Settebello, which claimed the lives of three Indian seafarers, and the earlier attack on MT Marivex. With three vessels linked to Indian crews targeted within days, fears are growing over the safety of commercial shipping routes in the Gulf of Oman.
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