The US military yesterday vowed to blockade all Iranian ports, part of efforts to force Tehran into agreeing to open the Strait of Hormuz and accepting a peace deal. Iran responded with threats on all ports in the Persian Gulf and the Gulf of Oman, taking aim at US-allied nations.
That set the stage for an extraordinary showdown that contains serious risks for the global economy and raises the specter that a ceasefire that is currently holding could collapse and the war could resume. Talks aimed at permanently ending the conflict finished without an agreement this weekend and there has been no word on whether negotiations would resume.
Iran’s effective closure of the strait, through which 20 percent of traded oil passes in peacetime, has sent oil prices skyrocketing, pushing up the cost of gasoline, food and other basic goods far beyond the Middle East. Tehran has allowed some ships perceived as friendly to pass while charging considerable fees, leading to accusations it is holding the global economy hostage.
Photo: AP
Some analysts are doubtful that the US can restore normal shipping through force alone — and it was not clear how a blockade would work or what the dangers might be to US forces. The question is who can endure the most pain: Could a blockade make Iran’s economic situation untenable and force it to concede? Or would it drive global oil and other prices so high that US President Donald Trump is forced to back down.
The US military’s Central Command announced that from 1400 GMT the blockade would be enforced “against vessels of all nations entering or departing Iranian ports and coastal areas.”
Photo: AP
Taiwan has arranged for about 8 million barrels of crude oil, or about one-third of its monthly needs, to be shipped from the Red Sea this month to bypass the Strait of Hormuz and ease domestic supply pressures, CPC Corp, Taiwan (CPC, 台灣中油) said yesterday. The state-run oil company has worked with Middle Eastern suppliers to secure routes other than the Strait of Hormuz, through which about 20 percent of the world’s oil and liquefied natural gas typically passes, CPC chairman Fang Jeng-zen (方振仁) said at a meeting of the legislature’s Economics Committee in Taipei. Suppliers in Saudi Arabia have indicated they
South Korea has adjusted its electronic arrival card system to no longer list Taiwan as a part of China, a move that the Ministry of Foreign Affairs said would help facilitate exchanges between the two sides. South Korea previously listed “Taiwan” as “Taiwan (China)” in the drop-down menus of its online arrival card system, where people had to fill out where they came from and their next destination. The ministry had requested South Korea make a revision and said it would change South Korea’s name on Taiwan’s online immigration system from “Republic of Korea” to “Korea (South),” should the issue not be
CCP ‘PAWN’? Beijing could use the KMT chairwoman’s visit to signal to the world that many people in Taiwan support the ‘one China’ principle, an academic said Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday arrived in China for a “peace” mission and potential meeting with Chinese President Xi Jinping (習近平), while a Taiwanese minister detailed the number of Chinese warships currently deployed around the nation. Cheng is visiting at a time of increased Chinese military pressure on Taiwan, as the opposition-dominated Legislative Yuan stalls a government plan for US$40 billion in extra defense spending. Speaking to reporters before going to the airport, Cheng said she was going on a “historic journey for peace,” but added that some people felt uneasy about her trip. “If you truly love Taiwan,
Tainan, Taipei and New Taipei City recorded the highest fines nationwide for illegal accommodations in the first quarter of this year, with fines issued in the three cities each exceeding NT$7 million (US$220,639), Tourism Administration data showed. Among them, Taipei had the highest number of illegal short-term rental units, with 410. There were 3,280 legally registered hotels nationwide in the first quarter, down by 14 properties, or 0.43 percent, from a year earlier, likely indicating operators exiting the market, the agency said. However, the number of unregistered properties rose to 1,174, including 314 illegal hotels and 860 illegal short-term rental
RSS