NEW YORK: UN Secretary-General Antonio Guterres on Monday urged member states and all parties concerned to engage “seriously and constructively” with a UN-led mechanism aimed at easing disruptions to the movement of essential goods through the Strait of Hormuz, warning that maritime crises across key global shipping routes are deepening pressure on the world’s most vulnerable people.

The disruption of maritime traffic in the Strait of Hormuz, Black Sea and Bab al-Mandab Strait has worsened hunger crises and must immediately end, UN Secretary-General António…

Oil prices remain about 33 per cent higher since start of conflict