Center East stay: UN Safety Council to vote on power to guard Hormuz entry

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Issued on: 03/04/2026 - 04:09 Modified: 03/04/2026 - 04:14

An LPG gasoline tanker at anchor as site visitors is down within the Strait of Hormuz, amid the U.S.-Israeli battle with Iran, in Shinas, Oman, March 11, 2026. © Benoit Tessier, Reuters The UN Safety Council is about to vote Friday on a draft decision permitting “defensive” power to guard delivery within the Strait of Hormuz, as Iran’s actions disrupt an important world commerce route. Backed by the US, the measure comes amid rising tensions and issues over vitality provides and financial stability. Comply with our liveblog for the newest developments.

03/04/2026 - 04:14 Nikkei rallies, trims weekly losses on oil cargo hopes Japan's Nikkei share common rallied on Friday, trimming its losses for the week, following world efforts to revive Gulf oil shipments interrupted by the battle in Iran.

Synthetic intelligence (AI)-related shares led the Nikkei greater, with the gauge rising 1.31% to 53,147.35 in early commerce, poised for a 0.4% retreat on the week. The broader Topix climbed 1.12% to three,652.13.

03/04/2026 - 04:13 UN Safety Council to vote on power to guard Hormuz delivery The UN Safety Council will vote Friday on a draft decision introduced by Bahrain to authorise using "defensive" power to guard delivery within the Strait of Hormuz from Iranian assaults.

Iran has positioned a stranglehold on the important thing delivery lane – threatening gas provides and roiling the worldwide financial system – in retaliation for US-Israeli strikes that triggered the month-old Center East battle.

"We can not settle for financial terrorism affecting our area and the world, the entire world is being affected by the developments," Bahrain's United Nations ambassador Jamal Alrowaiei stated this week.

He stated the textual content, which has gone by way of a number of amendments and is supported by the US, "comes at a vital juncture."

Gulf states have referred to as for the UN Safety Council to authorise using power to safe the Strait of Hormuz towards Iranian assaults, after the important delivery lane was successfully shut by Iran, disrupting world vitality provides.