News #Strait of Hormuz

A senior European official says the situation in the Middle East has highlighted how exposed the interconnected global economy is to external shocks.

Global oil inventories are falling at a record pace to compensate for the big supply disruption in the Middle East and they will approach critical levels if the Strait of Hormuz does not reopen.

A CIA assessment indicated that Iran would not suffer severe economic pressure from a US blockade of Iranian ports for about another four months, according to a US official

Oil prices rose Wednesday, as Iran claimed to have seized two ships in the Strait of Hormuz shortly after President Donald Trump extended the ceasefire.

Commercial vessels attempting to cross the Strait of Hormuz on Saturday received radio messages from Iran’s navy telling them they were not allowed to pass

A convoy of oil tankers was crossing the Strait of Hormuz on Saturday, the first major movement of ships in the crucial waterway since the US and Israel launched their war on Iran

US and Iranian negotiators held their highest-level talks in half a century in Pakistan on Saturday to try to end their six-week war

Ukrainian President Volodymyr Zelenskyy in remarks made public Friday said his country could help unblock the Strait of Hormuz, whose closure by Iran has rattled the global economy.

Saudi Arabia’s crucial East-West pipeline that circumvents the Strait of Hormuz is pumping oil at its full capacity of 7 million barrels a day, according to a person familiar with the matter.

Iran’s new supreme leader, Mojtaba Khamenei, said Thursday that the closure of the Strait of Hormuz maritime passage should be continued

U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the Middle East has triggered a major disruption to global fuel supplies.

President Donald Trump said on Tuesday he had ordered the US International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade travelling the Gulf,