Keywords: Strait of hormuz crisis
Oman’s foreign minister Badr al Busaidi has stated that Iran is not responsible for the conflict now entering its fourth week, in a rare public stance that underscores divisions within the Gulf and highlights Muscat’s continued role as a diplomatic intermediary. In a message posted on X,......
The closure of the Strait of Hormuz has escalated into one of the most severe energy crises in decades, cutting off around 20 percent of global oil supply and sending shockwaves through food and industrial supply chains. As the conflict between the United States and Iran enters its fourth week, the scale......
Japan’s Nikkei 225 index fell sharply by nearly 5 percent on Monday, losing more than 2,600 points as escalating conflict in the Middle East triggered a broad selloff across Asian markets and intensified concerns over a prolonged energy-driven inflation shock. South Korea’s Kospi dropped......
Goldman Sachs has sharply increased its oil price outlook for 2026, citing what it describes as the largest supply shock in history driven by the near-total disruption of flows through the Strait of Hormuz. The bank now expects Brent crude to average $85 per barrel this year, up from a previous forecast......
The United States signaled a prolonged military campaign against Iran as Defense Secretary Pete Hegseth said no timeline has been set for ending the conflict, even as Washington prepares its largest wave of strikes since operations began. Speaking at the Pentagon, Hegseth stated that the duration of......
Several tankers carrying Russian crude originally bound for China have changed course mid-voyage and are now heading to India, as Indian refiners take advantage of a temporary US sanctions waiver to secure discounted supplies amid a global energy crisis. The Aframax tanker Aqua Titan, loaded with Urals......
US President Donald Trump said he has requested a one month delay to his planned summit with Chinese President Xi Jinping, citing the ongoing war with Iran as the reason for remaining in Washington. Speaking at the White House, Trump said he wanted to travel to China but considered it necessary to stay......
Global oil prices declined on Wednesday after Iraq and Kurdish authorities agreed to restart crude exports through Turkey’s port of Ceyhan, offering limited relief to a market strained by weeks of supply disruptions linked to the Middle East conflict. Brent crude futures fell about 2.2 percent......
Oil prices rose sharply on Tuesday as renewed concerns over the Strait of Hormuz erased the previous day’s relief rally, highlighting ongoing disruption in one of the world’s most critical energy corridors. Brent crude climbed nearly 3 percent to around $103 per barrel, while US benchmark......
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