Washington [US], July 14 (ANI): The United States on Monday (local time) announced that it will resume blockading maritime traffic entering and exiting Iranian ports starting July 14 evening.
The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers.
US to reimpose Iran blockade on JCPOA anniversary The US says it will reimpose its naval blockade of Iran on Tuesday, on what would have been the 11th anniversary of the signing of the Joint Comprehensive Plan of Action. The landmark nuclear deal was finalised in Vienna on 14 July 2015 after being agreed by Iran, Britain, China, France, Germany, Russia and the US. Under the terms of the deal, Iran scaled back its uranium enrichment programme and pledged not to pursue nuclear weapons.
Washington, DC [US], July 13 (ANI): US President Donald Trump on Monday (local time) said that the United States is 'reinstating' the Iranian blockade and said that the US will charge '20 per cent' to provide security to the Strait of Hormuz, a strategic gateway.
The US president also says Washington will impose a 20% charge on all cargo shipped through the Strait of Hormuz.
US citizen found guilty of violating Iran sanctions An American citizen has been found guilty of violating US sanctions on Iran by a federal jury in Boston. Mahdi Mohammad Sadeghi was charged with conspiring to unlawfully export electronic components to Iran and was also accused by prosecutors of helping an Iranian business associate circumvent US export control laws two years ago. The Massachusetts resident had worked at Analog Devices before his arrest in December 2024.
IMO says Hormuz should remain free of tolls The International Maritime Organisation has called for the Strait of Hormuz to "remain free of any tolls and charges, in accordance with international law". "We have always been consistent on our stance on fees. IMO stands firmly against charging fees for passage through straits used for international navigation," an IMO spokesperson said.
Washington, DC [US], July 13 (ANI): US President Donald Trump on Monday (local time) said that the United States is 'reinstating' the Iranian blockade and said that the US will charge '20 per cent' to provide security to the Strait of Hormuz, a strategic gateway.
Hormuz tanker traffic falls to lowest level in two months The number of tankers transiting the Strait of Hormuz has fallen over the past 24 hours to its lowest level in two months, as renewed fighting between the US and Iran and attacks on vessels heighten safety concerns. Shipping industry sources said vessels are increasingly switching off their public AIS tracking transponders, making it difficult to determine how many ships are moving. But according to tracking analysis from Kpler, oil and gas tanker traffic fell to its lowest level since 25 May.
Brent crude climbs 5% after US president says 20% toll will be imposed on key trade route to cover ‘safety and security’ Business live – latest updates Oil prices rose 5% on Monday as Donald Trump reinstated the US blockade of Iranian shipping in the Gulf and will charge other countries to pass through the strait of Hormuz. As the US and Iran exchanged strikes amid an escalating standoff over the vital trade route, the price of Brent crude climbed to $79. 37 a barrel.
Britain said on Monday it would designate Iran's Islamic Revolutionary Guard Corps and two other groups under new state threats legislation, making it a criminal offense to support or assist them if the measure is approved by parliament later this week.
Trump says US reinstating Hormuz blockade and charging ships for passage Trump says the US is "reinstating" a blockade on Iran in the Strait of Hormuz and will charge ships for safe passage. The US will be known as "THE GUARDIAN OF THE HORMUZ STRAIT", Trump wrote on Truth Social. "As such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World.
For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.
Dubai-based port operator plans to build UAE passageway to bypass Hormuz DP World is planning to construct a new port and a container terminal on the United Arab Emirates’ east coast to bypass the Strait of Hormuz after Iran announced it would be closing the waterway again, the Financial Times has reported on Monday. The FT added that the Dubai-based port operator is in talks to develop the port in the coastal area of Fujairah and add a new terminal to expand the existing harbour in the emirate, citing people familiar with the matter.
New Delhi [India], July 13 (ANI): Crude oil is likely to trade range-bound to higher while gold is expected to trade range-bound to lower in the coming sessions amidst fresh US-Iran strikes that has put the Strait of Hormuz back in focus and as markets price in the prospects for interest-rate hikes to combat inflation, according to a research report by domestic brokerage firm Nirmal Bang.
UK effectively bans Iran's IRGC as terrorist organisation Submitted by Oscar Rickett on Mon, 07/13/2026 - 13:15 Home Office using controversial new legislation to designate Iranian force a threat to national security Islamic Revolutionary Guard Corps (IRGC) Commander-in-Chief Ahmad Vahidi attends a public farewell ceremony to pay his respects to late Supreme Leader Ayatollah Ali Khamenei, in Tehran, 5 July 2026 (Reuters) Off The UK is designating Iran 's Islamic Revolutionary Guard Corps (IRGC) a threat to national security under the controversial national security (state threats) bill enacted last week. UK Home Secretary Shabana Mahmood will use the new legislation to ban support for the IRGC, which is part of Iran's armed forces. This effectively means that the UK has proscribed - or banned - the IRGC, which it accuses of death threats and other forms of intimidation on British soil.
UK effectively bans Iran's IRGC as national security threat Submitted by Oscar Rickett on Mon, 07/13/2026 - 13:15 Home Office using controversial new legislation to designate Iranian force a threat to national security Islamic Revolutionary Guard Corps (IRGC) Commander-in-Chief Ahmad Vahidi attends a public farewell ceremony to pay his respects to late Supreme Leader Ayatollah Ali Khamenei, in Tehran, 5 July 2026 (Reuters) Off The UK is designating Iran 's Islamic Revolutionary Guard Corps (IRGC) a threat to national security under the controversial National Security (State Threats) bill enacted last week. UK Home Secretary Shabana Mahmood will use the new legislation to ban support for the IRGC, which is part of Iran's armed forces. This effectively means that the UK has proscribed - or banned - the IRGC, which it accuses of death threats and other forms of intimidation on British soil.
Shabana Mahmood will use new powers to ban support for the group, which has been linked to death threats and intimidation on British soil.
Home Office announces ban on support for Iranian military group in escalation of diplomatic tensions with Tehran The UK will list Iran’s Islamic Revolutionary Guard Corps as a terrorist organisation, ministers have announced, in a major escalation of the diplomatic tensions between London and Tehran. The Home Office said on Monday it would ban support for the IRGC, a central branch of the Iranian military, after years of political division over the issue. The move is equivalent to proscription, though not legally identical.
UK proscribes Iran’s IRGC as a terrorist organisation Britain has proscribed Iran’s Islamic Revolutionary Guard Corps (IRGC) as a terrorist organisation, according to reports from Sky News on Monday. The designation will make the IRGC the first state agency to be classified by the UK as a terrorist organisation, a move which was previously ruled out by the government who sought to retain diplomatic relations with Iran. The IRGC was also proscribed as a terrorist organisation by the United States in 2019, becoming the first official body to be designated and prompting Iran to do the same for America's military.
