All posts tagged: Reopens

Iran reopens Strait of Hormuz, but Trump says blockade on Iranian ships and ports will stay in force

Iran reopens Strait of Hormuz, but Trump says blockade on Iranian ships and ports will stay in force

BEIRUT (AP) — Iran said Friday it fully reopened the Strait of Hormuz to commercial vessels, but U.S. President Donald Trump said the American blockade on Iranian ships and ports “will remain in full force” until Tehran reaches a deal with the U.S., including on its nuclear program. Iranian Foreign Minister Abbas Araghchi posted on X that the crucial waterway, through which about 20% of the world’s oil is shipped, was now fully open to commercial vessels, as a 10-day truce between Israel and the Iranian-backed Hezbollah militant group in Lebanon appeared to hold. Araghchi said ships will use routes designated by the Islamic Republic in coordination with Iranian authorities, suggesting Iran planned to retain some level of control over the channel. It was not clear if vessels would have to pay tolls. A data firm, Kpler, said movement through the strait remained confined to corridors requiring Iran’s approval. Trump initially celebrated the Iranian announcement, posting on social media that the strait was “fully open and ready for full passage.” But minutes later, he issued …

Iran war disruptions will last after Hormuz Strait reopens

Iran war disruptions will last after Hormuz Strait reopens

Countries affected by the Iran war should prepare for conflict-related disruptions to last for months, even if the current shaky ceasefire lasts and the Strait of Hormuz is reopened, World Bank President Ajay Banga said Wednesday. “It’ll still take a few months for things to come back to where they were” once the key oil-shipping route is no longer choked off amid Iranian threats and a U.S. blockade, Banga told CNBC’s Karen Tso at the International Monetary Fund’s spring meeting. “So we have to prepare for a few months of some destabilization for these countries,” he said. Banga said that the World Bank has prepared a “war chest” plan to provide countries with varying levels of funding, depending on how long the conflict drags on. “Thanks to our crisis toolkit, our countries can get about $20 to $25 billion immediate access, like literally tomorrow morning, without new approvals,” he said. If the war continues for the next five or six months, that figure could rise to $60 billion, he said. Over the next 15 months, …

As the Strait of Hormuz Reopens, Global Shipping Will Take Months to Recover

As the Strait of Hormuz Reopens, Global Shipping Will Take Months to Recover

As the world held its breath on Tuesday night, news of a ceasefire and the potential reopening of the Strait of Hormuz brought a collective sigh of relief. But with shipments stalled in the strait for over a month, the disruption to global shipping will not resolve immediately. “Traffic through Hormuz dropped by about 95 percent [during this conflict]. As a result, prices surged, and not just for crude oil, but also for refined products like jet fuel, diesel, and gas oil,” says Carsten Ladekjær, CEO at Glander International Bunkering, which specializes in supplying fuel and lubricants to the global shipping industry. The impact has been uneven across regions. Countries heavily dependent on Middle Eastern energy—particularly in Asia—have been most affected. India sources around 55 percent of its energy imports from the region, China about 50 percent, Japan 93 percent, South Korea 67 percent, and Singapore 70 percent according to Ladekjær. While the ceasefire signals a possible reopening, key details remain unclear. “Even with a ceasefire, reopening won’t be immediate,” Ladekjær says. “There’s a backlog, …

Jardinette Apartments, Neutra’s first Los Angeles building, reopens

Jardinette Apartments, Neutra’s first Los Angeles building, reopens

One of the most painstaking architectural renewals in recent Los Angeles memory has finally pulled a world-class jewel of modern architecture from obscurity. Designed by pioneering Modernist architect Richard Neutra in 1928, with limited collaboration from another Modernist icon, Rudolph Schindler, the Jardinette Apartments had been hiding in plain sight on an unassuming Hollywood street for nearly a century. The complex was a technical and spatial breakthrough, and quickly gained international renown as one of the earliest International Style structures in the United States, not to mention Neutra’s first L.A. commission. But the building’s original owner, Joseph H. Miller, went bankrupt during construction and skipped town to avoid his creditors, and the Jardinette slipped from view. “After that early burst, it just disappeared,” said Barbara Lamprecht, historical consultant for the Jardinette’s rehabilitation, which is just now wrapping up. For decades the building stood quietly along West Marathon Street: an austere, four-story complex that most people passed without a second glance. Wedged between Western Avenue and Manhattan Place, amid stucco apartment blocks and scrappy bungalows, the …

High street giant reopens online store after plunging into administration – shops closed | UK | News

High street giant reopens online store after plunging into administration – shops closed | UK | News

A major high street brand has reopened its online stores after plunging into administration and closing all high street shops. Malin + Goetz, which filed for administration in the UK in January, announced it would be closing its seven London stores “immediately”. The skincare and fragrance company also paused all its online orders. Now, in a dramatic turnaround, the company has sent an email to customers announcing that its online store has reopened. It read: “We missed you. We’re now accepting orders. Be the first to shop before we officially go live. Thank you for your patience while we’ve been on pause.” Now, the online store does appear to be taking orders again. Malin + Goetz had stores in Spitalfields, Canary Wharf, Seven Dials, Soho, Islington, Battersea Power Station, and Borough Yards. In just over 20 years, the company grew to have stores in California and Hong Kong, open up flagship stores in the UK in 2022, and became established as a premium beauty brand. The company also worked with third-party retailers, such as John …

US embassy in Venezuela reopens as Trump pushes for access to resources | Donald Trump News

US embassy in Venezuela reopens as Trump pushes for access to resources | Donald Trump News

Listen to this article | 4 mins info The United States says that it has reopened its embassy in the Venezuelan capital of Caracas after a seven-year hiatus, as President Donald Trump deepens ties with the South American country’s new government. The US embassy said in a social media post on Saturday that the flag over the embassy has been raised once again, in a ceremonial step that signals the resumption of diplomatic activities in Venezuela. Recommended Stories list of 3 itemsend of list “The morning of March 14, 2019, the American flag was lowered for the final time at US Embassy Caracas. This morning, on March 14, 2026, at the same time, my team and I raised the American flag—exactly seven years after it was lowered,” Charge d’Affaires Laura Dogu wrote in the post. “A new era for US-Venezuela relations has begun. Onward with Venezuela.” The US restored diplomatic ties earlier this month, and Dogu, the embassy’s most senior diplomat, added that the US was committed to “staying with Venezuela”. The Trump administration has held up …

Qatar partially reopens airspace as Iranian strikes continue to hit Gulf | Aviation News

Qatar partially reopens airspace as Iranian strikes continue to hit Gulf | Aviation News

Evacuation and cargo flights to resume but scheduled services still suspended as US-Israeli war on Iran continues. Listen to this article | 4 mins info Qatar has partially reopened its airspace days after Iranian missile and drone strikes forced the country to ground all flights as a United States-Israeli military campaign against Iran continues into its seventh day. The Qatar Civil Aviation Authority announced the limited opening on Friday evening, saying flights would operate through “designated navigational contingency routes with limited operational capacity” in coordination with the Qatari armed forces. Recommended Stories list of 3 itemsend of list The move marks a cautious first step towards restoring air links to one of the Gulf’s most important aviation hubs but falls well short of a return to normality, with scheduled commercial flights to and from Doha remaining suspended until a further official announcement is made. The Qatar Civil Aviation Authority said the partial reopening covers only a narrow category of flights “designated for passenger evacuation” and air cargo services. Passengers with confirmed bookings were urged to follow updates …

New Mexico reopens criminal probe related to Jeffrey Epstein’s Zorro Ranch | Crime News

New Mexico reopens criminal probe related to Jeffrey Epstein’s Zorro Ranch | Crime News

State officials say the information in unsealed FBI files ‘warrant further examination’ of a case closed in 2019. Listen to this article | 4 mins info New Mexico has reopened an investigation into possible illegal activity at a ranch formerly owned by disgraced financier and convicted sex offender Jeffrey Epstein. Attorney General Raul Torrez made the announcement on Thursday. He referenced new information revealed in documents recently released by the United States Department of Justice. Recommended Stories list of 3 itemsend of list More than three and a half million government files related to Epstein were published online on January 30, in response to a law compelling their release. The New Mexico’s office said “revelations outlined in the previously sealed FBI files warrant further examination” of an earlier state investigation into Epstein’s Zorro Ranch, near the town of Stanley. That probe had been ended at the request of federal prosecutors in New York in 2019, the same year Epstein was arrested and charged with trafficking minors for sex. Months later, in August 2019, Epstein was found dead …