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Keywords: Strait of hormuz crisis
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......
Rising oil prices linked to tensions in the Strait of Hormuz are driving a sharp divide among leading economic forecasters over the outlook for global inflation. With crude holding above 100 dollars per barrel, Oxford Economics and Royal Bank of Canada present contrasting scenarios, underscoring uncertainty......
Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained......
Taiwan has received supply guarantees from an unidentified major energy-producing country and secured alternative liquefied natural gas deliveries, while the United Arab Emirates has moved to reassure its population on food and commodity stability, as the Strait of Hormuz blockade enters its second month......