Exail Technologies SA shares have jumped in the past two weeks as Iran’s closure of the Strait of Hormuz thrust the French defense contractor’s seagoing, mine-destroying drones into the spotlight.
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Exail Technologies SA shares have jumped in the past two weeks as Iran’s closure of the Strait of Hormuz thrust the French defense contractor’s seagoing, mine-destroying drones into the spotlight.
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Defense Secretary Pete Hegseth and Joint Chiefs Chairman Dan Caine briefed on Operation Epic Fury in Iran Friday.
Saudi Arabia’s race to bypass the Strait of Hormuz has led to a buildup of oil supertankers waiting off the kingdom’s Red Sea coast to collect cargoes, as Riyadh tries to overcome unprecedented disruption caused by the…
“The companies do not have an interest right now, nor is there enough money for insurance to transit those ships through the Strait,” says Port of Los Angeles Executive Director Gene Seroka as he discusses shipping…
The strike appears to have come without warning, and shows that Iran and its proxies can target ships even without mining the Strait of Hormuz.
With growing interest in mining critical metals from the seafloor, countries are now negotiating international rules. The Trump administration is forging ahead on its own, speeding up environmental review for mining…
Iran's Mojtaba Khamenei says strait should remain closed as Donald Trump claims US benefits from high oil prices.