Hormuz Closure Fuels Global Recession Fears
The ongoing closure of the Strait of Hormuz intensifies global recession fears, with economists warning of escalating oil prices, supply disruptions, and broad economic impact.
Dow Soars as Strait of Hormuz Reopens
WASHINGTON, D.C. — The Guardian, Pittsburgh Post-Gazette, 2News.com, BNN Bloomberg Canada and FXStreet report that global stock markets surged sharply on Friday after Iran announced the Strait of Hormuz was…
Hormuz Disruption Shakes Energy Markets
SINGAPORE — Disruptions to shipping through the Strait of Hormuz during the ongoing Iran war have jolted global energy markets and intensified inflation worries, as reported by AP, PBS NewsHour,…
Hormuz Shipping Crisis Jolts Global Oil
SINGAPORE — Shipping disruptions in the Strait of Hormuz have tightened a key global oil artery and deepened market volatility amid escalating Iran-centered conflict, according to Associated Press, Reuters, BBC…
Trump Extends Hormuz Deadline as Israel Hits Tehran
TEHRAN, Iran — Israel expanded airstrikes on Iran on Friday as President Donald Trump extended the deadline for Tehran to reopen the Strait of Hormuz to international shipping, a dual-track…
Trump Sets 48-Hour Iran Hormuz Ultimatum
Washington, D.C. — President Donald Trump issued a dramatic 48-hour ultimatum to Iran on Saturday, threatening to “hit and obliterate” the country’s power plants if Tehran fails to fully reopen…
Markets tumble as Middle East oil surges
NEW YORK, U.S. — The Guardian, the Los Angeles Times, Energy Connects, LSEG, The Spokesman-Review, and Kiplinger report that global markets fell as oil prices climbed amid escalating conflict in…
Hormuz Strait Traffic Slows in Iran War
DUBAI, United Arab Emirates — Traffic through the Strait of Hormuz has plunged since the Iran war began, with attacks and threats putting commercial shipping at risk, according to AP,…
Hormuz Disruption Shakes Energy Markets
SINGAPORE — Disruptions to shipping through the Strait of Hormuz during the ongoing Iran war have jolted global energy markets and intensified inflation worries, as reported by AP, PBS NewsHour,…
Oil Prices Surge Past $110 as Iran War Escalates Global Energy Crisis
DUBAI, United Arab Emirates — Oil prices have surged past $110 per barrel after Israeli strikes targeted Iran’s South Pars gas field, the world’s largest natural gas reserve, prompting Tehran…