An Uncertain World Awaits the Reopening of the Strait of Hormuz

Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.

By Eshe Nelson

Bahrain-led UN resolution on Strait of Hormuz gains support of 112 nations

The resolution calls for free navigation through the strait and an end to Iranian attacks on its Gulf neighbours.

OPEC cuts oil demand forecast as Hormuz blockade hits output

Iran military says control over Hormuz to bring significant economic revenues

"Our oversight of the Strait of Hormuz will generate significant economic revenues for our country - potentially even doubling our oil income," said a spokesperson for Iran's military.

Bessent's "Suffocating" Iranian Regime Strategy Materializes In Kharg Island Satellite Imagery

Bessent's "Suffocating" Iranian Regime Strategy Materializes In Kharg Island Satellite Imagery Treasury Secretary Scott Bessent's description of "suffocating" the Iranian regime through economic and financial pressure, whether via sanctions or the US military blockade of the world's most critical maritime chokepoint, now appears to be showing up in the data. New geospatial intelligence indicates that Iran's main crude export terminal has gone quiet, while a separate report sugge...

By Tyler Durden

Iran military says control over Hormuz to bring significant economic revenues

Iran has largely blocked shipping through the strait since the outbreak of war with the United States and Israel on February 28. The post Iran military says control over Hormuz to bring significant economic revenues appeared first on Vanguard News.

By Ayobami