Strait of Hormuz
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Iran
Iran asserts jurisdiction over UAE and Oman waters in new Hormuz map
Five Gulf states have formally warned shipping companies through the IMO not to comply, as analysts say Iran is deliberately expanding its claimed zone beyond even its own initial boundaries in a step-by-step assertion of territorial control.
Business
EasyJet losses deepen as Iran war drives fuel costs higher
EasyJet reported wider first-half losses as the Iran war pushed up fuel costs and weakened demand. The airline warned of continued pressure from higher prices and softer summer bookings despite strong growth in its holidays business.
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Iran
Iranian MP: Politicians holding back military from striking US fleet
In an exclusive interview, a senior member of Iran's parliamentary National Security Commission tells Euronews that political authorities have actively restrained the military from attacking US naval assets — but warns Tehran will sink a US warship if that check is gone.
Europe in Motion
How could Iran's threatened internet cable tariffs affect Europe?
The move could raise connectivity costs and create greater digital vulnerability for Europe, but some experts argue that the continent has enough backup bandwidth to survive without access to the cables in the Strait of Hormuz.
Travel News
Suez Canal summit: global tourism holds its breath
More than 300 world tourism leaders have gathered on an unprecedented Suez Canal cruise in Egypt to seek solutions to a crisis over the Iran war that threatens the summer with more expensive flights, route cuts and fewer flights due to fuel shortages.
Economy
Oil stocks drain at record pace as IEA warns of renewed price swings
The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.
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