Controllers for shipping companies face a daunting decision as they try to free vessels trapped in the Persian Gulf: “Basically you’re sending someone unarmed into war.”
Category: Islamic Revolutionary Guards Corps
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The Peril of Piloting Ships Through the Strait of Hormuz
The New York Times – Business: -
Cheap Drones Remain Wild Card in Iran war
The New York Times – Business:Stopping Iran’s production of drones is critical to opening the Strait of Hormuz and halting its attacks on Gulf nations. But can it be done?
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Iran Says ‘Non-Hostile’ Ships Can Sail Through the Strait of Hormuz
The New York Times – Business:Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.
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As Iran Seizes Tankers, U.A.E. Pulls Back From U.S.-Led Maritime Force
The United Arab Emirates announced it had stopped participating in the security group after Iran seized two tankers in the Persian Gulf recently.
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Plunge in Currency Deepens Iran’s Economic Crisis
The New York Times – Business:Years of Western sanctions are partly to blame for the crisis. But economists say poor management by the country’s authoritarian clerical rulers also plays a big part.