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Tag: #OilCrisis

Iran Reopens Strait of Hormuz Exclusively for Chinese Vessels Amid Ongoing Conflict

Iran Reopens Strait of Hormuz Exclusively for Chinese Vessels Amid Ongoing Conflict

March 5, 2026sevith

TEHRAN: In a strategic move amidst escalating regional tensions, Iran has announced the partial reopening of the Strait of Hormuz, a critical maritime gateway for global oil and freight. However, Tehran explicitly stated that this access is granted exclusively to China. The Iranian authorities clarified that only Chinese oil tankers and container ships are permitted […]

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