Keywords: Strait of Hormuz
The Maltese-flagged container ship Safeen Prestige has sunk in the Strait of Hormuz, nearly a month after being struck by a projectile and abandoned by its crew, according to a maritime traffic advisory issued by regional operators on April 1. The vessel went down approximately 6.5 nautical miles northeast......
Fuel prices have climbed to multi-year highs worldwide after one month of conflict involving Iran disrupted global energy flows and tightened supply. The shock has hit consumers across major economies and forced governments to deploy emergency measures to contain economic fallout. In the United Kingdom,......
The war in Iran, now entering its second month, is fueling a worsening agricultural emergency across South Asia as disruptions to energy and fertilizer supply chains threaten food production in some of the world's most populous nations. Since U.S. and Israeli strikes on Iran began on February 28,......
Shares in Shell and BP surged to all-time highs on Thursday as the ongoing U.S.-Iran conflict continues to drive crude oil prices sharply higher, generating windfall gains for major oil companies while hitting consumers hard at the pump. Shell's share price has risen roughly 15% over the past month,......
BYD, the world's largest electric vehicle maker, reported international sales of 120,083 vehicles in March, a 65 percent increase from the prior year, as oil prices inflated by the Iran conflict push consumers worldwide toward electric cars. The strong export figures come even as BYD's total......
More than a month into the American-Israeli military campaign against Iran, China is absorbing the economic shock of oil supply disruptions and soaring energy costs, yet a growing number of analysts argue that the world's second-largest economy may be better positioned than most to weather the storm,......
A surge in Brazilian heavy fuel oil exports to Southeast Asia in March has helped relieve a severe bunker fuel supply crisis at Singapore, the world's largest ship refueling hub, after weeks of war-related disruptions strangled flows through the Strait of Hormuz, according to Reuters and maritime......
Several Gulf states have privately conveyed serious concerns to the Trump administration over the president's threats to target Iranian desalination plants, warning that such strikes could trigger catastrophic retaliation against their own water infrastructure. The warnings reveal a deepening rift......
Germany's DAX index climbed nearly 3 percent on Wednesday, joining a broad global rally driven by hopes that the Middle East conflict could be nearing its end after President Donald Trump said he expected American forces to leave Iran within two to three weeks. The DAX closed up 2.73 percent at......
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