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While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% since ...
Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.
Iran has long asserted that it can shut down the Strait of Hormuz. While the strait can't be "closed" in the traditional sense - like shutting a road - Iran could attempt to make the waterway too ...
TEHRAN – For decades, the Strait of Hormuz has remained one of the most sensitive geopolitical chokepoints in the world. This ...
The Middle East crisis continues to escalate and a decision to close the strait of Hormuz is a dangerous moment.
If Iran moves to blockade the Strait of Hormuz, oil and gas prices could spike, but analysts see that scenario as unlikely for now.
Iranian Navy Commander Rear Admiral Shahram Irani has made a field visit to surface and subsurface naval units deployed in ...
IntroductionThe increase in geopolitical tensions in the Middle East recently resulted in Iran threatening to close the ...
Iran's parliament approved a measure June 22 endorsing the closure of the Strait of Hormuz, a major oil transportation route, following U.S. airstrikes in Iran. Around 20% of the world's oil and gas ...
The vote took place Sunday after the U.S. on Saturday evening hit three Iranian nuclear sites and significantly damaged the country's capabilities.
U.S. energy independence helps shield American economy from Iran's threats to block the Strait of Hormuz, where one-fifth of ...
What is the Strait of Hormuz? The Strait is narrow, stretching roughly 31 miles at its widest point. Iran is on its north bank opposite Oman and the United Arab Emirates (UAE).
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