Iran closes key Strait of Hormuz after ayatollah threatens US warships
Iran closes key Strait of Hormuz shipping route after ayatollah threatens to sink US warships - The strategic waterway has not been shut since the 1980s. The move comes amid ongoing tensions with the
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.
Why Strait Of Hormuz, A Key Passageway For Global Energy Supply Matters
The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world's oil passes.
The Post-Journal
Gas Prices Soar After Strikes On Iran
The average price for a gallon of gasoline jumped 11 cents overnight to about $3.11 in the U.S., according to motor club AAA. Gas prices were already rising before the U.S. launched strikes on Iran as refiners switch over to summer blends of fuel,
Nairametrics
Iraqi oil production falls 70% as Strait of Hormuz disruptions hit exports
Oil production from Iraq’s main southern oilfields has dropped by about 70% after the country was unable to export crude
OPEC+ boosts oil production after attacks on Iran and throughout region
Eight countries that are part of the OPEC+ oil cartel announced Sunday they will boost production of crude as U.S. and Israeli forces launched a major attack on Iran and the country responded with
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 important the passageway is to the world's oil supply.