Strait of Hormuz crisis
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Hormuz closure divides the fortunes of Middle Eastern oil states
The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment…
Houthis open new front against Israel as US Marines deploy to Middle East
The risk of an expanded Iran war grew as Yemen's Iran-aligned Houthis on Saturday launched their first attacks on Israel since the…
Oil prices jump as IEA warns of ‘very severe’ crisis
Oil markets moved sharply higher on Monday as the International Energy Agency (IEA) warned the unfolding Middle East crisis is “very severe,”…
Which economies will hurt most from the Iran war?
Any prolongation of the Iran war risks creating an unprecedented crisis in energy supplies that sooner or later will hit every corner…
US Weighs Seizing Iran’s Kharg Island to Reopen Strait of Hormuz
The administration of President Donald Trump is weighing military options targeting Kharg Island as part of a broader effort to pressure Iran…
EU weighs naval response as Hormuz crisis rattles energy markets
Foreign ministers from the European Union are expected to discuss reinforcing the bloc’s Aspides naval mission when they meet in Brussels on…