The UN secretary-general has warned that the US-Iran standoff in the Strait of Hormuz risks triggering a global food emergency. The warning comes as President Trump reviews a peace plan aimed at resolving tensions with Iran. The Strait of Hormuz is the world's single most critical oil and gas chokepoint, with roughly 20 percent of global oil supply passing through it daily. A prolonged blockage or military escalation there would ripple through energy markets instantly and push up shipping costs for food and fuel worldwide. The UN's specific mention of a food emergency signals concern beyond oil prices, many developing nations import grain and fertilizer on routes that depend on stable Gulf shipping lanes. What to watch: whether Trump's review of the peace plan leads to direct diplomatic engagement with Tehran, and whether Iran signals any willingness to keep the strait open during negotiations. Any hardening of either side's position could move energy and commodity markets sharply.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as
