April 28, 2026
While traffic through the Strait of Hormuz is at a standstill amid a double blockade by both the US and Iran, a ship owned by sanctioned Russian billionaire Alexei Mordashovmanaged to make it through. It’s not clear whether Iran granted the yacht permission to travel between Dubai, in the UAE, and the Omani capital Muscat. Nonetheless, its ability to transit the Strait highlights Tehran’s relationship with Moscow – Iran’s Foreign Minister Abbas Araghchi heaped praise on Russian President Vladimir Putin justyesterday during a visit to the Kremlin. Meanwhile, US-Iran negotiations over the reopening of Hormuz continue to hit a wall.
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