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Samy Magdy

Samy Magdy

Fortune

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Iran offers to reopen Strait of Hormuz amid oil price surge, but Trump seems unlikely to accept

With a fragile ceasefire in place, the U.S. and Iran are locked in a standoff over the strait, through which a fifth of the world’s traded oil and...

27.04.2026 6

Fortune

Samy Magdy

Iran closes Strait again, says it will be shut until Trump lifts blockade

President Trump said that the blockade “will remain in full force” until Tehran reaches a deal with the U.S., including on its nuclear program.

18.04.2026 10

Fortune

Samy Magdy

Iran, U.S. close to agreeing cease-fire extension, officials say

Officials spoke on condition of anonymity to discuss the matter.

15.04.2026 10

Fortune

Samy Magdy

‘NO PORT in the region will be safe’: Iran responds to Trump blockade with Gulf-wide threat

“Security in the Persian Gulf and the Sea of Oman is either for everyone or for NO ONE,” the Islamic Republic of Iran Broadcasting reported Monday.

13.04.2026 10

Fortune

Samy Magdy

Iran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal

About 10% of global maritime trade — including 40% of container ship traffic — passes through the canal each year.

28.03.2026 8

Fortune

Samy Magdy

Israel says ‘war is not close to ending’ as its nuclear research center is targeted for first time, hours after Iranian enrichment site was hit

Israel's military said it was not able to intercept missiles that hit the southern cities of Dimona and Arad.

21.03.2026 9

Fortune

Samy Magdy

Iran launches missiles at U.K.-U.S. base 2,500 miles away in the Indian Ocean, indicating Tehran has weapons with much longer range than once thought

U.K. officials have not given details of the strike that targeted the ocean air base Friday, which was unsuccessful.

21.03.2026 10

Fortune

Samy Magdy

Trump’s Gaza ‘Board of Peace’ extends invitations to Russia, Belarus and Thailand along with EU

It's unclear how many leaders have been invited to join the board.

19.01.2026 10

Fortune

Samy Magdy