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Iranian Foreign Minister Araqchi: We will discuss the nuclear issue in the final stage of negotiations.

2026-06-16

Iranian Foreign Minister Araqchi: We will discuss the nuclear issue in the final stage of negotiations.

Other News
2026-06-16

Italian Prime Minister Meloni: Thank you to Canada for granting priority access to critical mineral reserves.

Italian Prime Minister Meloni: Thank you to Canada for granting priority access to critical mineral reserves.
2026-06-16

If a temporary US‑Iran agreement ends months of fighting and restores full passage through the Strait of Hormuz, Gulf states may pursue a rapid rebound in grain imports after months of relying on longer, less efficient routes. The Gulf is highly impo

If a temporary US‑Iran agreement ends months of fighting and restores full passage through the Strait of Hormuz, Gulf states may pursue a rapid rebound in grain imports after months of relying on longer, less efficient routes. The Gulf is highly import‑dependent, with roughly 90% of food consumption sourced overseas. Iran is among the world’s largest soybean‑meal buyers and a significant importer of Brazilian corn. Key import hubs — Jebel Ali (UAE), Dammam (Saudi Arabia) and Imam Khomeini (Iran) — lie within the strait. Kpler chief dry‑bulk analyst Alexis Ellender said grain shipments need specialized handling and traffic will ultimately return to Gulf ports; current transits are about three dry‑bulk vessels per day versus a normal level above 20. Kpler data show regional grain imports fell to 942,000 tons in May, down more than 50% year‑on‑year.
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