Tag
The U.S. military launched fresh strikes on Iran amid renewed fighting over the Strait of Hormuz, sending oil prices sharply higher. The escalation threatens global crude supply flows and, combined with a tech selloff, is pressuring equity markets and complicating inflation outlooks worldwide.
Iran closed the Strait of Hormuz again on Saturday after a brief reopening, with IRGC gunboats firing on a tanker and a container ship struck by a projectile. Around 108 to 116 million barrels of crude remain trapped in Gulf waters, sustaining upward pressure on oil prices and shipping costs. The US-Iran ceasefire has
Tag
The U.S. military launched fresh strikes on Iran amid renewed fighting over the Strait of Hormuz, sending oil prices sharply higher. The escalation threatens global crude supply flows and, combined with a tech selloff, is pressuring equity markets and complicating inflation outlooks worldwide.
1mo ago · 4 min · Global Affairs
Iran closed the Strait of Hormuz again on Saturday after a brief reopening, with IRGC gunboats firing on a tanker and a container ship struck by a projectile. Around 108 to 116 million barrels of crude remain trapped in Gulf waters, sustaining upward pressure on oil prices and shipping costs. The US-Iran ceasefire has
4mo ago · 2 min · Global Affairs
— End of feed —