June 26, 2025
"I’ve asked Secretary of State Marco Rubio to immediately take care of, and memorialize, this situation," the US president says in a post on Truth Social
The sudden move blocks one of the key transit options for urgent exports to the Middle East and Western markets
The airstrikes, which a count says killed at least 53, are the biggest US military operation in the Middle East since President Donald Trump took office in January
Firms worry their ships could be commandeered by Chinese authorities or hit with US sanctions in a conflict between Beijing and Washington
In the coming decade, about 15,000 ships - or one in eight of the entire global fleet - will come in for recycling - twice the amount of the past decade, a report says
