Strait of Hormuz

Ships owned by Sinokor Group carry close to 40% of oil crossing through the strait in September

Its foreign minister says country ‘is prepared to give diplomacy another chance’ if US expresses sincere desire to end conflict

Some officials say one more big round of attacks could push the Iranian economy over the brink

First two weeks of October log at least 23 incidents involving vessel attacks in or near the strait

The conflict in the country has become another front line in the wider US-Israeli war on Iran

Teheran’s conditions include, among other demands, the lifting of Washington’s blockade on its ports

The militants say the threatened locations are legitimate targets

All 43 crew members are safe; none are Singaporean

Its new strategy aims to expand operations to the Gulf of Oman and further, sources say