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World news
fromwww.aljazeera.com
2 hours ago

Iran says will attack any ship trying to pass through Strait of Hormuz

Iran's IRGC threatens to close the Strait of Hormuz and attack vessels attempting passage, targeting global oil supplies in retaliation for Israeli-US strikes that killed Iranian leadership.
#strait-of-hormuz
fromFortune
5 hours ago
Miscellaneous

Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but 'three times the scale,' analyst warns | Fortune

U.S. and Israeli strikes on Iran have disrupted key oil trade passages, causing oil prices to spike above $70 per barrel and raising concerns of potential triple-digit prices if the Strait of Hormuz remains blocked.
fromAxios
1 day ago
World news

Oil prices fallout: OPEC producers boost output after Iran strikes

Oil prices are expected to surge due to Iranian tensions and shipping disruptions in the Strait of Hormuz, which handles one-fourth of global seaborne oil trade, potentially affecting U.S. gasoline prices.
fromFortune
5 hours ago
Miscellaneous

Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but 'three times the scale,' analyst warns | Fortune

World news
fromAxios
1 day ago

Oil prices fallout: OPEC producers boost output after Iran strikes

Oil prices are expected to surge due to Iranian tensions and shipping disruptions in the Strait of Hormuz, which handles one-fourth of global seaborne oil trade, potentially affecting U.S. gasoline prices.
more#strait-of-hormuz
fromAxios
2 days ago

How the US attack on Iran could shake oil prices

The Strait of Hormuz: The narrow waterway next to Iran is a choke point that handles a whopping one-fourth of the world's maritime oil trade and a fifth of liquefied natural gas shipments. Iran has previously threatened to close the strait. Still, "supply disruption to global markets would be limited even in the event that Iran retaliates against tanker traffic, given the expected US-led efforts to maintain supply through the Strait of Hormuz," Eurasia Group analysts wrote.
World news
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