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Keywords: Strait of hormuz crisis


IEA warns Hormuz crisis could reshape global energy flows

The head of the International Energy Agency has warned that the disruption in the Strait of Hormuz may trigger lasting changes in global energy markets, even if the passage reopens. Executive director Fatih Birol said the era of heavy dependence on a single maritime chokepoint is nearing its end, adding......

Modi and Macron discuss Hormuz crisis ahead of Paris conference

Indian Prime Minister Narendra Modi and French President Emmanuel Macron held a phone call on Thursday to address the escalating crisis in West Asia, focusing on the urgent need to restore freedom of navigation in the Strait of Hormuz. The strategic waterway, critical for global energy supplies, has......

Pentagon says 13 ships turned back as Iran blockade faces evasion tactics

The United States says its naval blockade of Iranian ports near the Strait of Hormuz has forced 13 vessels to turn back since operations began, even as maritime data suggests the enforcement effort is facing gaps. The operation, led by United States Central Command, has entered its fourth day amid rising......

Oil shock splits forecasts as inflation outlook grows uncertain

Rising oil prices linked to tensions in the Strait of Hormuz are driving a sharp divide among leading economic forecasters over the outlook for global inflation. With crude holding above 100 dollars per barrel, Oxford Economics and Royal Bank of Canada present contrasting scenarios, underscoring uncertainty......

Asian markets rise on ceasefire hopes amid US Iran tensions

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......

Taiwan secures alternative LNG supply as Hormuz blockade enters second month

Taiwan has received supply guarantees from an unidentified major energy-producing country and secured alternative liquefied natural gas deliveries, while the United Arab Emirates has moved to reassure its population on food and commodity stability, as the Strait of Hormuz blockade enters its second month......

Analysts warn Iran could become a North Korea-style garrison state

More than a month into the U.S.-Israeli military campaign against Iran, a growing number of analysts and business leaders are warning that the conflict may not end in regime change or capitulation, but in the transformation of the Islamic Republic into a closed, militarized garrison state modeled on......

Iranian drones strike Kuwait's Mina al-Ahmadi refinery again, sparking fires

Iranian drones struck the Mina al-Ahmadi oil refinery in Kuwait on Friday morning, igniting fires across multiple operational units in the latest attack on Gulf energy infrastructure since the U.S.-Israeli air campaign against Iran began in late February. Kuwait Petroleum Corporation told the official......

TotalEnergies books over $1 billion cornering Middle East crude in historic oil bet

TotalEnergies generated more than $1 billion in profit this month by cornering the Middle East crude oil market during one of the most volatile periods in energy trading history, according to reporting by the Financial Times and Bloomberg. The French energy giant's trading arm purchased 69 cargoes......

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