Keywords: Strait of hormuz crisis
A new set of economic forecasts identifies an oil supply shock linked to tensions involving Iran as a leading inflation risk for the United States. The disruption centers on instability in global energy flows following conflict escalation in the Middle East and restricted maritime movement through the......
South Korea and Japan have agreed to deepen energy cooperation through new arrangements for exchanging and jointly managing reserves of crude oil and liquefied natural gas, as both countries seek to strengthen energy security amid heightened geopolitical risks in the Indo-Pacific region. The agreement......
The United States and China have reached a rare point of diplomatic alignment by opposing Iran’s proposed transit charges for ships crossing the Strait of Hormuz. The position was confirmed by the US State Department ahead of a summit between President Donald Trump and Chinese President Xi Jinping,......
Oil prices surged to multi-month highs as Brent crude crossed the 115 dollar mark, driven by a sharp shift in global supply expectations following the United Arab Emirates’ decision to leave the OPEC alliance and rising tensions between the United States and Iran over maritime access through the......
Global oil prices pulled back after news that Abbas Araghchi is traveling to Islamabad for a new round of negotiations between Iran and the United States. The diplomatic signal interrupted a five day rally driven by severe supply disruptions, offering markets a potential path toward de escalation. Brent......
French President Emmanuel Macron called for a diplomatic approach to Iran and rejected Washington’s strategy during a European Union summit, warning that escalating tensions risk destabilizing global markets. Speaking at the gathering in Agia Napa, he said negotiations with Tehran must rely on......
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......
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......
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......
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