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Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...
Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to ...
IntroductionThe increase in geopolitical tensions in the Middle East recently resulted in Iran threatening to close the ...
“The Strait of Hormuz is very important to Iranian allies such as China, because most of Iran's oil goes to China. Closing the Strait would also turn relations between Iran and the GCC [Gulf ...
US Secretary of State Marco Rubio has called on China to ensure the Strait of Hormuz remains open US Secretary of State Marco Rubio has called on China to prevent Iran from closing the Strait of ...
If Iran moves to blockade the Strait of Hormuz, oil and gas prices could spike, but analysts see that scenario as unlikely for now.
Tensions in the Middle East are raising fears of Iran blocking the Strait of Hormuz. China, a major energy importer, could be impacted, but it has diversified energy sources.
TEHRAN – For decades, the Strait of Hormuz has remained one of the most sensitive geopolitical chokepoints in the world. This ...
While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% since ...
China is highly unlikely to use its navy to secure the vital Strait of Hormuz if Iran threatens to close it as Middle East tensions rise, a top US analyst told reporters Monday. Although China ...