Iran has told the UN maritime agency that the Strait of Hormuz remains open to "non-hostile" ships not associated with the US and Israel.
"Non-hostile vessels, including those belonging to or associated with other States, may - provided that they neither participate in nor support acts of aggression against Iran and fully ?comply with the declared safety and security regulations - benefit from safe passage through the Strait of Hormuz in coordination with the competent Iranian authorities, "says a letter that Iran's Ministry ?of Foreign Affairs circulated among IMO member states on Tuesday.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.