The Strait of Hormuz crisis triggered by the US war against Iran shows how war disrupts oil supplies, raises prices and inflation, weakens purchasing power, and ultimately transfers the economic costs of wars from battlefields to ordinary people worldwide.

Tehran says says a possible agreement with Oman on a new shipping route through the Strait of Hormuz will not mean the strategic waterway will reopen.

Iran says environmental protection and accountability must be included in future arrangements for the Strait of Hormuz.

The closure of the Strait of Hormuz has laid bare AI firms’ dependence on Qatari helium for chipmaking, disrupting supplies to Taiwan and South Korea and exposing the fragile physical foundations underpinning today’s technology industry.

Iran’s deputy Parliament speaker says the US must accept new arrangements in the Strait of Hormuz and the wider West Asia region.

Iran has commissioned its first domestically produced 3.5-MW magnetic-bearing turboexpander at South Pars, marking a major engineering milestone and strengthening technological self-reliance, industrial resilience, and energy security.

President Masoud Pezeshkian asserts that Iran will not accept pressure aimed at forcing the country into submission.