US President Donald Trump warned the European Union on Thursday that it must eliminate its tariffs by the 250th anniversary of American independence or face significantly higher trade barriers. “I’ve been waiting patiently for the EU to fulfill their side of the historic trade deal we agreed in Turnberry, Scotland, the largest trade deal ever,”…
US President Donald Trump said the ceasefire with Iran was still in place despite an Iranian attack on three American destroyers in the Strait of Hormuz that fanned fears on Friday that the truce was faltering. The US military said it carried out strikes on Iranian military targets in response, although Tehran charged that it…
The Gulf and the Strait of Hormuz will not be the same after the Middle East conflict ends, Türkiye’s trade chief said on Friday, as countries accelerate efforts to diversify strategic supply chains for energy and other critical goods. The Iran war, unleashed on Feb. 28 by Israel and the United States against Iran, has…
Redding, California, native and Hebrew University master’s student Elyssa King is 24, and she has a big idea. Actually, her idea is more than an idea– it’s a way to harness everyone’s big ideas with a business called Seed. She went to Inspiraction’s Builders event in March to take her idea to the next level….
China’s shipping giants are bracing for a harsh new reality of persistent global volatility, as the closure of the Strait of Hormuz shifts from being a problem of transit delays to a hard volume shock. With the crucial energy corridor still paralysed as the US-Israel war on Iran drags on with no clear end in…
Image for representation purposes only Around 1,500 ships and nearly 20,000 crew members remain trapped in the Gulf due to the Iranian blockade of the Strait of Hormuz, according to the head of the UN’s International Maritime Organization (IMO). IMO Secretary-General Arsenio Dominguez made the remarks during the Maritime Convention of the Americas held in…
Iran accuses US of breaching ceasefire near Hormuz as CENTCOM says forces responded to Iranian attacks. Published On 8 May 20268 May 2026 Iran has accused the United States of violating their ceasefire by targeting two ships near the Strait of Hormuz and attacking civilian areas along the country’s southern coast, as tensions continue to…
Pro-government demonstrators chant slogans during their gathering at Enqelab-e-Eslami, or Islamic Revolution, square in Tehran, Iran, May 4. AP-Yonhap WASHINGTON — The U.S. military said it carried out strikes on Iranian military targets Thursday after an attack on three American destroyers in the Strait of Hormuz, while Tehran accused Washington of striking first. The violence…
Turkish Aerospace Industries (TAI) has designed a new production plant that will increase its annual manufacturing capacity by an additional 24 aircraft, the company’s deputy general manager announced on Thursday. Kaan project advances rapidly Speaking at Kocaeli University’s KOUBAK’26 congress, Uğur Zengin explained that while TAI has achieved low-volume mass production, its current assembly line—spanning…
Maersk, a leading shipping conglomerate, surpassed first-quarter profit predictions on Thursday despite maintaining its full-year earnings guidance. The company cited the ongoing Iran conflict as a factor clouding the prospect for freight rates and costs. Consequently, Maersk’s shares dropped by 3.3% at 0738 GMT, underperforming the generally stable Copenhagen benchmark index due to fears of…
