How Iran is strangling the world's oil supply | About That
Iran effectively shut down the Strait of Hormuz, a critical oil shipping route, threatening to attack any ship trying to pass through.
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Oil on Fire: War impacts global energy markets
Attacks on energy facilities, along with Iran blockading the Strait of Hormuz, are raising global oil and gas prices.
Read full article →How Iran is strangling the world's oil supply | About That
Iran effectively shut down the Strait of Hormuz, a critical oil shipping route, threatening to attack any ship trying to pass through. Andrew Chang explains why the country is able to have such an impact, and to what extent the ripple effects may be felt. Images provided by The Canadian Press, Reuters and Getty Images
Read full article →The U.S.-Israel attacks on Iran threaten global fuel trade
Iran’s retaliation to the ‘pre-emptive strike’ and the closing of the Strait of Hormuz have led to a surge in oil prices
Read full article →Tankers Burn From Strait Of Hormuz To Mediterranean Sea Amid Spillover War Risks
Tankers Burn From Strait Of Hormuz To Mediterranean Sea Amid Spillover War Risks Times of Malta reports that the Russian-flagged LNG tanker Arctic Metagaz, identified as part of Russia's shadow fleet, suffered an explosion while transiting the Mediterranean Sea between Malta and Libya. Multiple sources told the local newspaper that Arctic Metagaz experienced a "series of explosions" and that it "was a case of deflagration; indications are that there was a huge explosion on boar...
By Tyler Durden
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