
Iran Asserts Control Over Strait of Hormuz Amid Tensions
Iran's military has asserted its control over the Strait of Hormuz, claiming it will bring significant economic revenues and maintaining a high level of readiness. This comes amid a deadlock with the U.S. and concerns about the strait's reopening impacting global oil supply and demand forecasts.
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An Uncertain World Awaits the Reopening of the Strait of Hormuz
Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.
By Eshe Nelson
Read full article →In Hormuz deadlock, U.S. and Iran refuse to back down
The U.S. and Iran remain deadlocked in the Strait of Hormuz, with no clear way forward.
By Tom Bowman
Read full article →Bahrain-led UN resolution on Strait of Hormuz gains support of 112 nations
The resolution calls for free navigation through the strait and an end to Iranian attacks on its Gulf neighbours.
Read full article →OPEC cuts oil demand forecast as Hormuz blockade hits output
Read full article →Iran military says control over Hormuz to bring significant economic revenues
"Our oversight of the Strait of Hormuz will generate significant economic revenues for our country - potentially even doubling our oil income," said a spokesperson for Iran's military.
Read full article →B200s Or B-2s?
B200s Or B-2s? By Bas van Geffen, senior macro strategist of Rabobank Concerns about the Middle East continued to dictate markets yesterday. The Strait of Hormuz remains closed, and there were no signs that this will change soon. Oil prices rose further. Dated Brent jumped 5% on the day to top $111. Alongside the rise in benchmark energy prices, yields increased too. 10y US Treasury yields closed around 5bp higher, and 10y German Bund yields rose 6bp to 3.1%, dragging broader EU...
By Tyler Durden
Read full article →Iran military says control over Hormuz to bring significant economic revenues
Iran has largely blocked shipping through the strait since the outbreak of war with the United States and Israel on February 28. The post Iran military says control over Hormuz to bring significant economic revenues appeared first on Vanguard News.
By Ayobami
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