US President Donald Trump gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed, raising the stakes in a war that’s showing no sign of de-escalation into its fourth week.
Ahead of the conclusion of Operation Epic Fury’s third week, the commander-in-chief previewed America’s role in the region going forward as he reported current efforts could be…
Oil prices remained well north of $100 per barrel after markets opened Sunday, with the Iran war moving into its fourth week.Why it matters: The price suggests that traders don't see a near-term end to the conflict, or risks to oil transit in the Strait of Hormuz that's throttling supplies on an unprecedented scale.It's the first major trading since…
The U.S.-Israeli war on Iran has now entered its fourth week. The de facto closure of the Strait of Hormuz by Iranian forces is being felt worldwide, as shipments of oil, natural gas and fertilizer have been drastically curtailed. A fifth of the world’s oil supply transits through the strait, and the price of oil is up by about 50% since the war began in…
The threat of Iranian attacks during the US-Israeli war on Iran has kept most ships from getting through the narrow strait, the conduit for around a fifth of global oil and liquefied natural gas supplies, threatening a global energy shock.
Growers face soaring fertiliser and fuel costs as shipping choke point of the strait of Hormuz hits supply chains‘The stakes are enormous’: how a prolonged Iran war could shock the global economyIt is peak harvesting season for avocados in the lush southern highlands of Tanzania but growers are racing against time to find buyers for the precious green…
