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Global Business News

The Economic Times

Global Business / The Economic Times

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US, Gulf Arab nations draft new UN resolution on Strait of Hormuz

The United States and Gulf Arab nations are preparing a United Nations Security Council resolution. This resolution aims to condemn Iran for obstructing the Strait of Hormuz. It follows a previous resolution blocked by Russia and China. The new draft focuses on Iran's mining of waterways and attempts to impose tolls.

5 May 2026 9:30 am