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Oil prices shed 2% as Iran-Israel ceasefire eases concerns over supply, Strait of Hormuz closure

Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Ilan Rosenberg | Reuters Oil futures fell sharply on Tuesday as a freshly … Read more

Iran’s plans to shut Strait of Hormuz threatens a ‘stagflationary shock’ akin to Russia’s Ukraine invasion

A tentative ceasefire announced by President Donald Trump this evening—but not yet verified by Israel or Iran—may have shifted the course of world markets that were staring down a potential oil shock and elevated inflation just hours ago. Iran’s parliament voted on Sunday to close the Strait of Hormuz, a vital waterway to the global … Read more

Mideast ocean freight rates soar on Iran, Strait of Hormuz risks

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. Giuseppe Cacace | Afp | Getty Images Ocean … Read more

Strait of Hormuz: Here are alternate routes around the chokepoint

All eyes are on the Strait of Hormuz as Tehran considers how it will respond to the U.S. bombing of Iran’s nuclear facilities over the weekend. While Iran’s military capabilities have been degraded by punishing Israeli airstrikes that began a week and a half ago, the Islamic republic retains significant leverage elsewhere. A top target … Read more

Trump demands ‘everyone’ keep oil prices down after Iran threatens to close Strait of Hormuz following U.S. attack

Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a vital oil and gas shipping lane, in retaliation for the U.S. strikes on Iran’s nuclear program. “To the Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!” Trump posted on social media. He added, “EVERYONE, KEEP … Read more

Shipping groups seen avoiding the Strait of Hormuz

An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images The number of vessels navigating … Read more

Why China won’t mind a closure of the Strait of Hormuz

TOPSHOT – China’s Foreign Minister Wang Yi (C) gestures as he welcomes Russia’s Deputy Foreign Minister Sergey Ryabkov (R) and Iran’s Deputy Foreign Minister Kazeem Gharibabadi before a meeting regarding the Iranian nuclear issue at the Diaoyutai State Guesthouse in Beijing on March 14, 2025. Afp | Getty Images As the U.S. rained bombs and … Read more

U.S. calls on China to prevent Iran from closing Strait of Hormuz

Satellite image of the Strait of Hormuz, a strategic maritime choke point with Iran situated at the top with Qeshm Island and the United Arab Emirates to the South. Imaged 24 May 2017. Gallo Images | Getty Images U.S. Secretary of State Marco Rubio on Sunday called for China to prevent Iran from closing the … Read more

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

Key Takeaways Bitcoin price dropped as Iran’s Parliament approved the closure of the Strait of Hormuz, heightening fears of oil supply shocks and global inflation. A prolonged closure of the strait could drive oil above $100 per barrel, impacting global GDP, inflation, and crypto markets. Share this article The price of Bitcoin fell from nearly … Read more

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