US EditionStrait at Risk: The Escalating US-Iran Conflict Impacting Global Oil
16 Articles
16 Articles
The blockade of the Strait of Ormuz could change the global economy for a long time.
Iraq calls for energy infrastructure to remain out of conflict New Iranian attacks reach Saudi Arabia, UAE, Bahrain and Kuwait, while Israel bomb Iran and Lebanon Crude climbs back above $100
The scale of the conflict between Iran and the United States caused disturbances on global energy markets and led to increased oil prices. After traffic through the Ormuz Stream, one of the most important routes for global transport...
For 12 days now, the Strait of Ormuz has become the epicenter of this war in the Middle East. If this axis is vulnerable, it is because the navigable zone is narrow. The financial fear freezes everything and the repercussions are global. Asia uses 80% of the oil that comes from this area. Australia needs it for its fertilizers, Europe for industrial raw materials. And then, when the price of oil blazes, it is the prices of energy and food that i…
Hostilities among Iran, Israel and US persist into 12th day
As human and economic costs mount, Iran, the US and Israel remain locked in conflict with no sign of letting up. The Strait of Hormuz is under fire as tensions rise and Iran maintains its blockade of the vital waterway.
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