Iran issues new Strait of Hormuz warning as tanker traffic grinds to a halt
Iran has declared the Strait of Hormuz closed and threatened to set fire to any ships that try to pass through as the widening war in Iran grinds tanker traffic through the crucial waterway to a halt.
Maersk, a bellwether for global trade, suspends two key shipping services due to Iran war
The update comes as the Iran war enters its seventh day and the escalating regional conflict continues to disrupt global ...
Strait of Hormuz: Oil and gas costs could rise if trade route is disrupted by conflict
Oil prices jumped as the widening conflict in Iran disrupted tanker traffic through the Strait of Hormuz. Here's a closer look at the vital trade route. (AP Photo) ...
Trump directs US agency to insure Gulf shipping, says Navy may escort oil tankers through Strait of Hormuz
United States President Donald Trump has ordered the United States Development Finance Corporation to offer political risk insurance and financial guarantees for maritime trade in the Gulf. This move ...
Iran attacks threaten US economy with more uncertainty around inflation, growth
WASHINGTON (AP) — The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by ...
Meduza
Iran’s attacks on energy infrastructure are driving up oil and gas prices. The chaos may end up benefiting Russia.
Amid the war in the Middle East, Iran has been targeting key energy infrastructure across the region. Tehran is also ...
Roughly one-fifth of the world's oil moves through the passageway
Oil prices jumped Monday as the widening war in Iran disrupted tanker traffic through the Strait of Hormuz, highlighting how ...
TradeWinds
Strait of Hormuz closure warnings sounded over ship radios, security experts say
Ship traffic in the Strait of Hormuz is facing disruption and confusion after a major US and Israeli attack on Iran and ...