Hormuz crisis fuels global oil fears

IANS | May 6, 2026 6:39 AM

Washington, May 6 (IANS) US Secretary of State Marco Rubio warned that Iran’s actions could trigger broader economic instability as the increasing tensions in the Strait of Hormuz and fears of prolonged disruption to one of the world’s busiest energy corridors are increasing pressure on global oil markets.

'Project Freedom' paused amid Iran talks: Trump

IANS | May 6, 2026 6:36 AM

Washington, May 6 (IANS) US President Donald Trump said “Project Freedom” — the American-led movement of ships through the Strait of Hormuz — has been paused temporarily after what he described as progress in negotiations with Iran and requests from Pakistan and other countries.

US presses China over Iran support

IANS | May 6, 2026 6:32 AM

Washington, May 6 (IANS) US Secretary of State Marco Rubio stepped up pressure on China and Russia over the Strait of Hormuz crisis, warning that countries helping Iran evade sanctions could face economic consequences from the United States.

US launches mission to reopen Hormuz

IANS | May 6, 2026 6:28 AM

Washington, May 6 (IANS) The United States has launched a major naval operation in the Strait of Hormuz to escort stranded commercial vessels and restore shipping through one of the world’s most critical oil routes, with Secretary of State Marco Rubio accusing Iran of illegally “holding the global economy hostage”.

US calls allies to secure Hormuz route

IANS | May 5, 2026 9:19 PM

Washington, May 5 (IANS) The United States on Tuesday urged its allies to step up and share responsibility for securing the Strait of Hormuz, signalling a push towards a broader international role in safeguarding one of the world’s most critical shipping lanes.