A sum of $7 billion in revenue from the sale of petrochemical and oil products is being withheld from the Islamic Republic of Iran between two South Korean banks, Iranian state-run Mehr News Agency..
The Iran-backed Houthi rebels in Yemen announced Saturday that attempts to reach an understanding during a six-month ceasefire with Saudi Arabia that expires Sunday had reached a "dead end."
The focus of US-negotiated talks to finalize an agreement between Israel and Lebanon has shifted to compensation and gas quantities on each side of the maritime border.
Israel’s Defense Minister Benny Gantz unveiled recent satellite images showing four Iranian military ships in the Red Sea while at the Annual Economist Government Roundtable in Greece.
On March 23, the vessel Ever Given ran aground and blocked the Suez Canal, and while now resolved, the next time a vital maritime chokepoint is blocked, it may not be an accident – but terrorism.