Iran’s Revolutionary Guard Corps said it was combing an area near where plane came down in south-western Iran; Israeli military strikes ‘Hezbollah infrastructure’ in Lebanon capital

British Foreign Secretary Yvette Cooper was set to chair a meeting of more than 30 foreign ministers on Thursday, in an effort to coordinate an international plan to reopen the Strait of Hormuz.

Strait of Hormuz shipping resumes as Iran allows friendly vessels to pass, with Omani, French and Japanese ships testing the fragile reopening of this vital rou

Despite the blockade, India has emerged as one of the countries with the highest number of ships passing through this route. At least eight Indian vessels have passed through the Hormuz Strait since the conflict started.

The interconnectedness of global energy markets means that the effects of Iran’s blockade of the waterway are not limited to countries directly dependent on oil from the Middle East.

The blockade has already kept about half a billion barrels of oil from the market and pushed up prices by around 40%.

President Donald Trump addressed an uneasy nation on Wednesday as the United States’ war with Iran entered its second month.

The hint from the Iranian Parliament speaker Mohammad Bagher Ghalibaf come as maritime traffic through Hormuz remains halted since the February 28 US-Israeli strikes on Iran sparked a war, contributing to tighter global markets.