Iran has released a Marshall-Islands flagged container ship and its crew which were seized last month in one of the world's major oil shipping lanes, the Students News Agency Isna quoted a foreign ministry official as saying on Thursday.
Asia is more at risk from any disruption to Middle East oil supplies than Europe or the US but is less prepared to deal with such a scenario, according to a new report from Britain's Royal Institute of International Affairs.
Kuwait has decided not to build an oil export pipeline to bypass the Strait of Hormuz because it would be too difficult and costly, a leading Kuwaiti newspaper reported on Tuesday.
Kuwait's Gulf Opec allies, Saudi Arabia and t
Iranian special forces and military diving units practiced defending their ports and coastline against attacks on Sunday, state-linked media reported during naval war games meant to warn off states threatening the Islamic republic.
Iran has started six days of naval drills in the Strait of Hormuz, the official IRNA news agency reported, manoeuvres aimed at showcasing its military capabilities in what is a vital oil and gas shipping route.
Naval commander Hab
Iran will begin six days of naval drills in the Strait of Hormuz at the end of this week, an Iranian naval commander said on Tuesday, an exercise meant to showcase its military capabilities in what is a vital oil and gas shippi
Iran has no plan to close the vital shipping lanes of the Strait of Hormuz, Defence Minister Brigadier General Ahmad Vahidi was cited as saying by state-run Press TV.
Iranian officials have repeatedly threatened to close the strai
Iran's Revolutionary Guards chief has drafted a plan to cause an environmental disaster in the Strait of Hormuz to block seaborne oil exports with the goal of removing economic sanctions imposed on Tehran, the weekly Der Sp
Vitol Tank Terminals International (VTTI) is studying almost doubling its oil storage capacity at the port of Fujairah, just outside the Strait of Hormuz, and could start construction by early 2014, a spokeswoman for VTTI said on Sunday.
Iran unveiled upgrades to six weapons on Tuesday, including a more accurate short-range missile, a more powerful naval engine and an airborne testing laboratory, Iranian media reported.
The hardware was presented at a ceremony mar