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Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns

Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns The ceasefire deal in the six-week US-Iran conflict remained in doubt by late week, as Israel intensified its bombardment of Beirut, Tehran kept the Hormuz chokepoint closed, and negotiators prepared to meet on Friday even as both sides declared victory. Reports of attacks on one of Saudi Arabia's Red Sea ports, alongside the continued closure of Hormuz, did little to reassure traders in the overnight session. Risk sentiment remained fragile on Thursday morning, with equities across Asia and Europe...
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