Keywords: Strait of Hormuz
British Prime Minister Keir Starmer is set to travel to the Gulf region to meet with regional leaders in an effort to support the reopening of the Strait of Hormuz, a strategic maritime passage essential for global energy supplies. The visit comes shortly after a ceasefire agreement between the United......
U.S. Vice President JD Vance warned Iran on Tuesday that Washington retains untapped military capabilities, speaking alongside Hungarian Prime Minister Viktor Orbán in Budapest as American forces struck dozens of military targets on Kharg Island, Iran's most critical oil export terminal, hours......
Six weeks into the U.S.-led military campaign against Iran, the economic fallout is accelerating. The closure of the Strait of Hormuz, a strategic passage through which roughly 20% of the world's oil supply flows, has sent crude prices surging, pushed U.S. gasoline to its highest level in nearly......
As conflict involving the United States, Israel, and Iran continues to destabilize global energy markets and effectively close the Strait of Hormuz, China's long-running transition toward electric vehicles and renewable energy is providing the world's largest crude oil importer with a notable......
The worst energy crisis in modern history will ultimately accelerate the worldwide transition to renewables, nuclear power, and electric vehicles, International Energy Agency executive director Fatih Birol said in an interview published Tuesday by French daily Le Figaro. Birol described the current......
The world is facing an unprecedented energy crisis as disruptions to oil and gas supplies continue to intensify, raising concerns about global economic stability and inflation. According to the head of the International Energy Agency (IEA), the current situation represents one of the most severe energy......
Saudi Arabia shut the King Fahd Causeway early Tuesday, severing the sole land link between the kingdom and the island of Bahrain, after Iran launched ballistic missiles at the oil-rich Eastern Province. The closure came as a deadline set by U.S. President Donald Trump, demanding Iran reopen the Strait......
Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained......
Six weeks into the war between the United States, Israel, and Iran with no ceasefire in sight, Asia, the destination for roughly 90 percent of the oil and 83 percent of the liquefied natural gas that normally transits the Strait of Hormuz, is bearing the heaviest economic toll of a conflict it did not......
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