For years, Tehran has threatened to close the Strait of Hormuz, a key energy shipping route to its south. A blockade would hit Asian markets hardest, with global high prices also affecting the US.

Meanwhile, Goldman Sachs has warned that oil prices could surge to $110 per barrel if traffic through the Strait of Hormuz is severely disrupted — such as a 50% cut for one month followed by a ...

The world is full of critical points that shape global politics, economics, and security. In 1904, British Admiral John Fisher identified five key locations that "lock" the world: the Strait of Dover, ...

"If Iran mentions closing the Strait of Hormuz, you can see a quick spike in oil past the $80 barrel mark," De Haan explained. "That could bring a national average of $3.40 to $3.50.

Secretary of State Marco Rubio on Sunday urged China to intervene to prevent Iran from closing the Strait of Hormuz, which is one of the most important shipping routes for the world. In an intervie… ...

ECB Alert to Inflation Threat From Strait of Hormuz, Lagarde Says The ECB president says impairment of oil-and-gas transit could pressure a range of prices, not just those of the affected commodities ...

Your editorial “ Iran’s Strait of Hormuz Gambit ” (June 23) rightly notes the waterway’s importance. Much of the global economy depends on the 20% of the world’s oil supply that travels ...

Vessels near the Strait of Hormuz have been broadcasting unusual messages concerning nationality in a bid to avoid being attacked as doubts linger over the ceasefire between Israel and Iran ...

In a more severe case, oil flows through the Strait of Hormuz are cut by 50% for one month and stay down 10% for another 11 months. That scenario could cause Brent crude to spike briefly to $110 ...

What To Know A Chinese Type 636 distant-ocean survey ship crossed the Strait of Gibraltar westward from the Mediterranean to the Atlantic Ocean on Saturday afternoon local time, according to ...

This round, he has a nickname for the Strait of Hormuz: “The Strait of Hyperbole, because people will invoke it as a reason why crude should go to $100.

Iran, a key OPEC member, <b>produces around 3.3 million barrels of oil per day and exports over 2 million daily,</b> most of it through the Strait of Hormuz. </br></br> As tensions with Israel ...