Iran's Temporary Closure of Strait of Hormuz Raises Concerns for Global Oil Shipments
Iran's partial and temporary closure of the Strait of Hormuz during a military drill has highlighted the strategic importance of the vital shipping route for global oil and LNG shipments.
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Oil Prices Head for 5% Weekly Gain on U.S.-Iran Fears - The Wall Street Journal
Oil Prices Head for 5% Weekly Gain on U.S.-Iran Fears The Wall Street Journal
Read full article →Oil prices hit six-month highs after Trump warns Iran of 'bad things' if there's no deal
U.S. President Donald Trump has given Iran "10 to 15" days to make a meaningful deal over its nuclear program — or “really bad things” will happen.
Read full article →What would blocking the Strait of Hormuz mean for global oil and LNG shipments?
Iran partially and temporarily closed the strategic Strait of Hormuz during a military drill on Tuesday, thrusting the vital shipping route under the global spotlight once again. The hours-long suspension was the first time Tehran had restricted traffic through the strait since US President Donald Trump’s warning last month that Washington could take military action over Iran’s nuclear programme, with tensions still high between the two sides despite recent bilateral talks in Geneva. Here, we...
By Mia Nurmamat
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