INSEAD Day 4 - 728x90

Strait of Hormuz

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.
  • Naval forces in Gulf warn ships against nearing Iranian waters

    "Vessels are being advised to transit as far away from Iranian territorial waters as possible" to minimize the risk of seizure, US Fifth Fleet spokesperson Commander Tim Hawkins told AFP. The International Maritime Security Construct (IMSC), led by Washington, is "notifying regional mariners of appropriate precautions to minimize the risk...
  • Capable of safeguarding Gulf waters in coordination with neighbors: Iran

    Iran said it is capable of ensuring the safety of the vital Gulf waters in cooperation with neighboring countries. Iran and its neighboring countries are capable of cooperating for the security of the Persian Gulf, Strait of Hormuz and Sea of Oman," Iran's Chief of Staff of the Armed Forces,...
  • Iran seizes oil tanker in Strait of Hormuz, says US Navy

    Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz, the US Navy said, the second such incident in less than a week. The tanker, Niovi, was sailing from Dubai towards Fujairah, another port in the UAE, when it was stopped by Iran's Islamic Revolutionary Guard Corps Navy.
  • US denies Iranian claims of forcing its submarine to surface

    TEHRAN, IRAN- Iran said on Thursday it had "forced" a US submarine to surface as it was crossing the strategic Strait of Hormuz in the Gulf, a claim the Americans promptly denied. Admiral Shahram Irani, the commander of Iran's navy, told state TV the USS Florida nuclear submarine was "approaching and...
  • Chabahar trade zone chief arrested in Iran

    Prosecutor has placed Abdorahim Kordi in custody, citing a statement from the intelligence branch of Iran's Revolutionary Guards.
  • Iran’s new oil terminal to bypass Gulf chokepoint

    Tehran inaugurated Thursday the terminal in Jask, on the Gulf of Oman, allowing tankers to avoid the Strait of Hormuz -- a passage less than 40 kilometres wide at its narrowest point
  • Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz

    Iran has started exporting crude through its first terminal in the Gulf of Oman, bypassing the Strait of Hormuz to the north