Disruption

Strait of Hormuz disruption threatens to shake global economy

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The near shutdown of the Strait of Hormuz is beginning to ripple through the global economy, threatening energy supplies, raising fuel prices, and reshaping geopolitical dynamics. The narrow waterway along Iran’s southern coast is one of the most important shipping lanes in the world. It connects the oil-rich countries of the Persian Gulf to international … Read more

Oil prices jump as Iran war causes the ‘largest supply disruption’ in history

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The price of oil jumped more than 8% on Thursday, as the International Energy Agency said the U.S.-Israel war on Iran was “creating the largest supply disruption in the history of the global oil market.” The price of international Brent crude oil rose to more than $100 per barrel, while U.S. crude oil rose above … Read more