Iran shuts down Strait of Hormuz for military drill in warning to the world of the damage it can do
The live-fire naval drills are a signal from Iran of the potential fallout to the world economy if the US goes through with threats to attack it, as tensions mount between the two countries.
The Financial Express
Strait of Hormuz: Jefferies warns of 13 million barrel disruption – Industry says Iran ‘must not’ block world’s oil jugular
Fearing the supply disruption, Brent crude climbed to $78.55 per barrel, up 7.8% from $72.87 The Strait of Hormuz is crucial as about 20% of global oil supply,that is around 15 million barrels per day ...
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 ...