As the United States-Israel war over Iran enters its fourth week this weekend, oil and gas markets are under increasing pressure due to severe disruptions to shipping traffic through the Strait of Hormuz, as well as attacks on and around major energy facilities in the Gulf. In peacetime, 20 percent of the world’s oil and…
its worst day since the start of the Iran war, World stocks fell and oil rose again on Friday after Wall Street suffered its worst day since the start of the Iran war, amid growing doubts about easing tensions. Britain’s FTSE 100 fell 0.3% to 9,939.96 in early European trading. France’s CAC 40 fell 0.7%…
President Donald Trump speaks during a Cabinet meeting at the White House in Washington. (AP photo) US President Donald Trump spoke on Thursday about Iran’s secret “present” to the US during the first Cabinet meeting since the war began in the Middle East, which he mentioned two days ago was the passage of 10 oil-carrying…
One of Britain’s most senior military officers today reportedly said the Royal Navy could lose its ships in the Strait of Hormuz – and should send them anyway. The Express understands that General Sir Nick Carter, who served as the country’s most senior military officer, made the case for joining Donald Trump’s effort to break…
Hundreds of tankers sit idle on both sides of the Strait of Hormuz as Iran effectively closed the waterway, sending oil prices above $100 — the highest since 2022 after the start of the Russia-Ukraine war. Oil tanker traffic in the strait, through which a fifth of global oil passes, has collapsed after Israel and…
The United States Central Command (CENTCOM) announced on Wednesday (March 11) that it has destroyed several Iranian naval vessels, including 16 minelayers, near the Strait of Hormuz. CENTCOM released a video on its official US forces destroyed several Iranian naval vessels on March 10, including 16 mines In a separate post, US Central Command…
Iran’s move to close the Strait of Hormuz has brought navigation in the 24-mile stretch of water to a near halt. Only a few ships have transited in recent days, many of them having turned off their tracking systems or joined “shadow fleets.” “They can’t physically close a waterway of that size, but the threat…
