No Result
View All Result
  • Login
Sunday, May 10, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

As Asim Munir pitches peace, Iran stops Pakistan’s cargo ship at Strait of Hormuz

by FeeOnlyNews.com
2 months ago
in Business
Reading Time: 4 mins read
A A
0
As Asim Munir pitches peace, Iran stops Pakistan’s cargo ship at Strait of Hormuz
Share on FacebookShare on TwitterShare on LInkedIn


Amid Pakistan’s offer to mediate between Iran, US and Israel to end the conflict in the Middle-East, a cargo ship headed for Karachi was forced to reverse course after Iran denied it passage through the Strait of Hormuz, citing lack of clearance and protocol violations. The move comes at a time when traffic through the crucial energy corridor has slowed sharply amid rising conflict in West Asia.

Pakistan ship stopped

According to a statement from the Iranian Embassy in Kabul, the container vessel SELEN failed to obtain mandatory approval before attempting to cross the strait. Iranian authorities said the ship did not follow established legal procedures required for transit.Also Read: Madhavan breaks silence on Dhurandhar 2 ‘Gurbani’ scene controversy, says Aditya Dhar gave clear instructions“The container ship SELEN was turned back by the IRGC Navy due to failure to comply with legal protocols and lack of permission to pass through the #Hormuz Strait”, the statement read.

— alirezatangsiri (@alirezatangsiri)

“The passage of any vessel through this waterway requires full coordination with the maritime authority of the Islamic Republic of Iran”, it said.

Live Events

Officials from the Islamic Revolutionary Guard Corps Navy later confirmed the action, reiterating that all vessels must secure prior clearance.Rear Admiral Alireza Tangsiri said the ship was turned back for not obtaining permission to pass through the strait, adding the vessels must now coordinate transit with Iranian maritime authorities.

Pakistan offers to mediate in Iran-Israel-US war

Pakistan has recently stepped forward with an offer to mediate between Iran, the United States and Israel as tensions escalate in West Asia. Prime Minister Shehbaz Sharif publicly said Islamabad would be “ready and honoured” to host peace talks if all sides agree, positioning the country as a neutral venue for dialogue. The proposal gained traction after Donald Trump amplified the offer on social media, signalling openness to third-party facilitation. While Iran has denied any direct negotiations with Washington, it has acknowledged that “friendly states” — including Pakistan — are passing messages between the sides, indicating backchannel diplomacy is underway even as formal talks remain uncertain.

US President held talks with Pakistan’s Army Chief Asim Munir

US President Donald Trump held a conversation earlier this week with Pakistan’s army chief Asim Munir, as Islamabad steps up efforts to present itself as a mediator in the ongoing tensions involving the US, Israel and Iran. Separately, Prime Minister Shehbaz Sharif spoke with Iranian President Masoud Pezeshkian on Monday, according to officials aware of the developments.

These diplomatic contacts came around the same time Trump announced a five-day pause on his threat to target Iran’s power plants. He described his recent engagement with Tehran as “very good and productive” and suggested it could help bring the conflict to an end.

However, the White House made it clear that there are no formal negotiations at this stage and cautioned against reading too much into the developments. “These are sensitive diplomatic discussions and the United States will not negotiate through the news media,” it said.

Trump’s posts on Truth Social briefly pulled down global oil prices, though it remains uncertain whether Pakistan’s outreach played any direct role in that movement. Experts say the lack of concrete progress and continued tensions are keeping markets and the region unsettled.

Pakistan pitches Islamabad as talks venue

According to two officials familiar with the matter, Pakistan has предложed Islamabad as a possible location for high-level talks. The proposed discussions could involve senior US officials such as Vice President JD Vance, along with Trump’s envoys Steve Witkoff and Jared Kushner, and representatives from Iran.

In its official statement after the Sharif-Pezeshkian call, Pakistan said the prime minister briefed the Iranian side on Islamabad’s diplomatic outreach and reiterated its willingness to support peace efforts. “While sharing with the Iranian President the diplomatic outreach efforts of Pakistan’s leadership, the prime minister assured the Iranian leadership that Pakistan would continue to play a constructive role in facilitating peace,” the statement said.

Why the Strait of Hormuz matters now

The Strait of Hormuz remains one of the world’s most sensitive maritime routes, handling nearly 20% of global oil and gas shipments. Any disruption here tends to ripple across energy markets and shipping lanes worldwide.

The latest intervention signals tighter control by Tehran as regional tensions escalate following recent military exchanges involving the United States and Israel.

$2 million transit fee plan raises stakes

Iran has also indicated that some ships may now face a transit fee of up to $2 million while crossing the strait, in what officials describe as a new assertion of sovereignty.

Iranian lawmaker Alaeddin Boroujerdi said the move reflects a shift in how the country manages the waterway.

“Collecting $2 million as transit fees from some vessels crossing the strait reflects Iran’s strength,” Boroujerdi said.

“Now, because war has costs, naturally we must do this and take transit fees from ships passing through the Strait of Hormuz,” he added.

Political ripple in India

The development quickly drew reactions in India’s political circles. Amit Malviya criticised narratives around Pakistan’s diplomatic positioning.

“So much for the ‘Pakistan is brokering peace’ narrative peddled by the usual suspects in India,” he wrote on X.

“Iran has reportedly turned back a vessel bound for Karachi after it failed to secure approval to pass through the Strait of Hormuz”, he added.

‘Open to all except adversaries’

Earlier, Iran’s President Masoud Pezeshkian signalled a conditional openness on access to the strait.

“The illusion of erasing Iran from the map shows desperation against the will of a history-making nation. Threats and terror only strengthen our unity. The Strait of Hormuz is open to all except those who violate our soil. We firmly confront delirious threats on the battlefield,” he wrote in a post on ‘X’.



Source link

Tags: AsimcargoHormuzIranMunirPakistansPeacepitchesShipstopsStrait
ShareTweetShare
Previous Post

Dividend alert! TVS Holdings announces Rs 86 interim dividend; check record date

Next Post

Tether Engages Big Four Audit In Major Transparency Push

Related Posts

Prediction: AI Infrastructure Stocks Will Crush the S&P 500 in 2026

Prediction: AI Infrastructure Stocks Will Crush the S&P 500 in 2026

by FeeOnlyNews.com
May 10, 2026
0

Technology stocks, specifically the Magnificent Seven, powered the S&P 500 higher over the past three years. And though investors rotated...

Iran ceasefire tested as drone hits cargo ship off Qatar while Kuwait and UAE repel drone attacks

Iran ceasefire tested as drone hits cargo ship off Qatar while Kuwait and UAE repel drone attacks

by FeeOnlyNews.com
May 10, 2026
0

The shaky ceasefire in the Iran war was tested again on Sunday when a drone set a small fire on a...

Bayside buys Tara Tel Aviv dairy site

Bayside buys Tara Tel Aviv dairy site

by FeeOnlyNews.com
May 10, 2026
0

Income producing real estate company Bayside Land Corp. Ltd. (Gav Yam) (TASE:BYSD1) has announced the purchase of the Tara...

Best CD rates today, May 10, 2026 (lock in up to 4% APY)

Best CD rates today, May 10, 2026 (lock in up to 4% APY)

by FeeOnlyNews.com
May 10, 2026
0

Find out how much you could earn by locking in a high CD rate today. A certificate of deposit (CD)...

Bonus issues, stock splits & dividends: SBI among 18 stocks turning ex-date this week. Do you own any?

Bonus issues, stock splits & dividends: SBI among 18 stocks turning ex-date this week. Do you own any?

by FeeOnlyNews.com
May 10, 2026
0

As many as 18 stocks will turn ex-date for corporate actions such as dividends, bonus issues and stock splits in...

AI generated identical resumes for a man and a woman: Hers was more likely to be labeled ‘weak’

AI generated identical resumes for a man and a woman: Hers was more likely to be labeled ‘weak’

by FeeOnlyNews.com
May 10, 2026
0

If you’re using AI for professional work purposes and are wondering if you’re being judged for it, it might depend...

Next Post
Tether Engages Big Four Audit In Major Transparency Push

Tether Engages Big Four Audit In Major Transparency Push

Why Adam Smith Embraced Commercial Society: The Wealth of Nations, Book 3

Why Adam Smith Embraced Commercial Society: The Wealth of Nations, Book 3

  • Trending
  • Comments
  • Latest
The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

April 17, 2026
Wells Fargo Transfer Partners: What to Know

Wells Fargo Transfer Partners: What to Know

April 16, 2026
Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

April 6, 2026
The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

April 21, 2026
The Justice Department Indicts the Ministry of Love

The Justice Department Indicts the Ministry of Love

May 2, 2026
LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

April 16, 2026
Prediction: AI Infrastructure Stocks Will Crush the S&P 500 in 2026

Prediction: AI Infrastructure Stocks Will Crush the S&P 500 in 2026

0
Bonus issues, stock splits & dividends: SBI among 18 stocks turning ex-date this week. Do you own any?

Bonus issues, stock splits & dividends: SBI among 18 stocks turning ex-date this week. Do you own any?

0
Bitcoin Leverage Returns In Force As Open Interest Surges Past 2025 ATH Levels

Bitcoin Leverage Returns In Force As Open Interest Surges Past 2025 ATH Levels

0
7 Red Flags in Senior Dating Profiles That Signal a “Grandparent Scam” in Progress

7 Red Flags in Senior Dating Profiles That Signal a “Grandparent Scam” in Progress

0
What If the Government Just Gave Every Baby a ,000 ‘Trump Account’?

What If the Government Just Gave Every Baby a $1,000 ‘Trump Account’?

0
Iran ceasefire tested as drone hits cargo ship off Qatar while Kuwait and UAE repel drone attacks

Iran ceasefire tested as drone hits cargo ship off Qatar while Kuwait and UAE repel drone attacks

0
Prediction: AI Infrastructure Stocks Will Crush the S&P 500 in 2026

Prediction: AI Infrastructure Stocks Will Crush the S&P 500 in 2026

May 10, 2026
7 Red Flags in Senior Dating Profiles That Signal a “Grandparent Scam” in Progress

7 Red Flags in Senior Dating Profiles That Signal a “Grandparent Scam” in Progress

May 10, 2026
Iran ceasefire tested as drone hits cargo ship off Qatar while Kuwait and UAE repel drone attacks

Iran ceasefire tested as drone hits cargo ship off Qatar while Kuwait and UAE repel drone attacks

May 10, 2026
Bitcoin Leverage Returns In Force As Open Interest Surges Past 2025 ATH Levels

Bitcoin Leverage Returns In Force As Open Interest Surges Past 2025 ATH Levels

May 10, 2026
Bayside buys Tara Tel Aviv dairy site

Bayside buys Tara Tel Aviv dairy site

May 10, 2026
Jobs report: Retailers hire big, defying consumer warning signs

Jobs report: Retailers hire big, defying consumer warning signs

May 10, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Prediction: AI Infrastructure Stocks Will Crush the S&P 500 in 2026
  • 7 Red Flags in Senior Dating Profiles That Signal a “Grandparent Scam” in Progress
  • Iran ceasefire tested as drone hits cargo ship off Qatar while Kuwait and UAE repel drone attacks
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.