Wednesday, May 6, 2026
Today's Print

Tag: Strait of Hormuz

Fuel costs spike as Trump warns blockade would last months

President Donald Trump said a US naval blockade against Iran could last months, leading oil prices Wednesday to spike to their highest in more...

Gold loses luster on Middle East war

London, United Kingdom—Gold is seen as a safe-haven asset in times of volatility but investment volumes fell in the first quarter, industry data showed Wednesday,...

UAE pulls out of OPEC oil cartels citing ‘national interests’

Dubai, United Arab Emirates—The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on "national interests," it announced on Tuesday,...

Russian yacht, cruise ships ferry seafarers out of Gulf

Manila, Philippines—A Russian super-yacht trapped in the Gulf by the Middle East war carried stranded Filipino seafarers out through the perilous Strait of Hormuz, the...

US says examining latest Iran proposal on Hormuz

Washington, United States—The White House said it was examining Iran's latest proposal to unblock the Strait of Hormuz, as Tehran insisted on Tuesday that Washington...

UN maritime agency rejects Hormuz tolls

London, United Kingdom—The head of the UN's maritime agency said Monday there was "no legal basis" for imposing any fees for ships to pass through...

Iran foreign minister blames US for failure of talks

Saint Petersburg, Russia—Iran's top diplomat blamed Washington on Monday for the failure of talks after landing in Russia as part of a whirlwind diplomatic tour,...

US envoys head to Pakistan for Iran peace negotiations

Islamabad – US envoys headed to the Pakistani capital Saturday to kickstart a new round of peace negotiations with Iran, although Iranian state media...

Israel, Lebanon extend ceasefire as Iran peace talks remain stalled

WASHINGTON, DC – Israel and Lebanon extended a shaky ceasefire by three weeks, President Donald Trump said Thursday (Friday in Manila), as the United...

Trump orders US Navy to destroy boats laying mines in Hormuz

Washington, United States — President Donald Trump on Thursday vowed the United States would destroy any vessel laying mines in the Strait of Hormuz, as he...

Iran won’t open Strait of Hormuz unless US lifts sea blockade

Iran's vow not to reopen the Strait of Hormuz—so long as a US naval blockade remained in place —was held into Thursday despite a...

Iran a no-show in Islamabad as truce nears end

Iran said Tuesday it has not yet sent a delegation for new peace talks with the United States, as the temporary ceasefire which paused...

PH stocks end flat amid geopolitical tensions; peso rises

Philippine shares closed nearly unchanged Wednesday as investors weighed the possibility of peace negotiations against the economic impact of a continued United States blockade...

A world on edge and Filipinos paying the price

"Who is preparing for the next oil shock, for the next price surge, for the possibility that bombs may fall again in the Middle...
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