Strait of Hormuz
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financeGas Prices Set to Stay High Through 2026, Experts Warn
Despite a fragile ceasefire, US gas prices remain elevated due to ongoing Middle East disruptions and global market forces. Analysts predict no relief until 2027.
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worldOil Prices Spike as US-Iran Tensions Reach War Powers Deadline
WTI crude rises amid US-Iran tensions as Trump faces 60-day deadline for congressional approval under War Powers Resolution.
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worldOil Surges as Iran Conflict Reaches Standstill, Strait Blocked
Crude prices rise over $1 as Iran-U.S. talks stall, Strait of Hormuz remains closed.
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worldIran's Supreme Leader Defies US Blockade as Oil Prices Soar
Iran's new Supreme Leader Mojtaba Khamenei rejects US naval blockade, claiming control over the Strait of Hormuz as oil tops $126 a barrel.
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worldIranian Rial Crashes as Trump Vows to Maintain Naval Blockade
The Iranian rial hits a record low of 1.8 million to the dollar as the Trump administration plans to sustain the naval blockade for months, worsening the economic crisis.
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financeEurozone Inflation Surges to 3% on Energy Spike and Stalled Growth
Annual inflation hits 3% in April, driven by a 10.9% energy price surge due to the Iran war, as eurozone GDP slows to 0.1%.
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worldOil Prices Spike Above $126 Amid Stalled Iran Talks and New Military Options
Brent crude surged over 7% to $126/barrel as US-Iran tensions escalate after stalled negotiations on reopening the Strait of Hormuz.
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financeUS Gas Prices Surge Despite Low OPEC Reliance: A Global Market Conundrum
Explore why American gasoline prices are soaring, even as the U.S. imports minimal oil from OPEC and boasts record domestic production. Understand the global market dynamics at play.