US Treasury Secretary Scott Bessent said the United States Navy may soon escort oil tankers through the Strait of Hormuz as tensions escalate following attacks on shipping and energy infrastructure in the Persian Gulf. The comments came as global oil prices surged above $100 a barrel and tanker traffic through the key waterway slowed sharply…
(Bloomberg) — European stocks hit a session low after Iranian Supreme Leader Mojtaba Khamenei said the Strait of Hormuz should stay closed, adding to concerns over disruption to global oil supplies. The Stoxx Europe 600 index fell as much as 0.8%, and was 0.6% lower by 2:06 pm in London. Banks led the declines, while…
* Indexes down: Dow 1.22%, S&P 500 1.12%, Nasdaq 1.41% * Iran’s new Supreme Leader Mojtaba Khamenei vows to keep Strait of Hormuz shut * Oil surges as tankers set ablaze in Middle East * Trump explores possible waiver of Jones Act to ease oil cost pressures * Big banks fall on rising credit quality…
The International Energy Agency (IEA) said on Thursday the Middle Eastern conflict is generating the “largest supply disruption” in the annals of the worldwide petroleum market, as Tehran’s grip on regional inventories compels Gulf nations to curtail output. In its market report, the IEA stated crude extraction was presently reduced by at least 8.0 million…
United States President Donald Trump said on Thursday, March 12, that while America makes a lot of money when the oil prices go up since it was the largest oil producer in the world, the top priority remains stopping “evil” Iran’s nuclear ambitions than controlling oil prices. “I won’t ever let that happen,” Donald Trump…
Iran’s Supreme Leader Ayatollah Mojtaba Khamenei said on Thursday that the leverage of closing the Strait of Hormuz should be used and that Iran’s attacks on Gulf Arab neighbors will continue, news agency AP reported. This is Mojtaba Khamenei’s first public statement since his appointment as the Supreme Leader after the killing of his father…
US-Iran War: The government of India said on Thursday that the number of Indian vessels operating in the Persian Gulf remains unchanged. As many as 28 Indian vessels with 778 seafarers on board are stuck in the Persian Gulf, a government official said on Wednesday, repeating what he said a day earlier. “The number of…
In 2011, Schroden wrote a paper for US Central Command—which is leading the current war—examining the military challenges of clearing the strait, and comparing it to a famous military disaster during World War I. In 1915, the allied forces including Britain tried to take control of the Dardenelles Strait, which was controlled by the Ottoman…
Show Quick Read Key points generated by AI, verified by newsroom The Strait of Hormuz is up in smoke amid tensions between Iran, Israel and America in the Middle East. This corridor, which is very important for the export of crude oil in the world, is currently being called the corridor of death, where every…
Amid growing concerns over LPG shortages amid the US-Iran conflict, Indian consumers are bypassing panic in favor of parody. From viral memes to biting satire, social media is proving that while fuel might be scarce, Indian wit is in endless supply. Here are some of the most hilarious memes that are flooding the Internet amid…
