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Iran and the US traded fresh strikes over the Strait of Hormuz, with Tehran hitting US bases in Bahrain and Kuwait and Washington striking Iranian sites near Sirik. The exchanges threaten to collapse a Pakistan-brokered ceasefire signed June 18, with global oil markets exposed to renewed Hormuz disruption.
Indian officials are internally benchmarking a potential Iran war oil shock against the Covid-19 disruption, warning normalization could take years even if conflict ends quickly. India's heavy crude import dependence makes it acutely vulnerable to prolonged Middle East supply dislocations. The concern extends beyond sp
Tag
Iran and the US traded fresh strikes over the Strait of Hormuz, with Tehran hitting US bases in Bahrain and Kuwait and Washington striking Iranian sites near Sirik. The exchanges threaten to collapse a Pakistan-brokered ceasefire signed June 18, with global oil markets exposed to renewed Hormuz disruption.
1mo ago · 4 min · Global Affairs
Indian officials are internally benchmarking a potential Iran war oil shock against the Covid-19 disruption, warning normalization could take years even if conflict ends quickly. India's heavy crude import dependence makes it acutely vulnerable to prolonged Middle East supply dislocations. The concern extends beyond sp
4mo ago · 1 min · Global Affairs
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