Nepal, March 25 -- Here are the latest economic events in the Middle East war:

- 'Non-hostile vessels' in Hormuz? -

Iran has said "non-hostile vessels" can transit the Strait of Hormuz if they meet safety and security regulations in coordination with the relevant authorities, the International Maritime Organization (IMO) said Tuesday.

In a statement, Iran insisted that "vessels, equipment and any assets belonging to the aggressor parties -- namely the United States and the Israeli regime -- as well as other participants in the aggression do not qualify for innocent or non-hostile passage".

- Oil drops on hope of de-escalation -

Crude oil prices tumbled in Wednesday trading on hopes of de-escalation after US President Donald Trump vo...