Stories tagged “Global Oil Trade.”
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Iranian Foreign Minister Seyyed Abbas Araghchi has warned the US against making an even bigger intelligence miscalculation over the Strait of Hormuz. He stated that US intelligence failures have previously led Washington to miscalculate over the war against Iran, warning …
Iran's new governance of the Strait of Hormuz is irreversible, and the US has no choice but to accept the current situation. Iran's Armed Forces are standing firm until the order is fully established.
An oil tanker violating Iran's announced navigation route in the Strait of Hormuz exploded after striking a naval mine. The Islamic Republic of Iran had repeatedly warned earlier that if ships deviate from the route announced by Iran, they will be responsible for the cons…
Goldman Sachs Warns Strait of Hormuz Traffic May Never Fully Recover
Goldman Sachs warns that traffic through the Strait of Hormuz may never fully recover. The strait is a critical waterway for oil exports.