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Why is the Strait of Hormuz so important for Oil, and what happens if Iran blocks it?
The Strait of Hormuz is both a vital passage point and a permanent point of tension. As long as the world depends on Oil from the Persian Gulf, its security will remain a major geostrategic concern. If Iran were to cross the red line, the consequences would not be limited to barrels of Oil, but the global economic balance could be shaken.
Amid the ongoing tensions between Israel and Iran, ExxonMobil's CEO says there's enough spare capacity to offset any Iranian ...
HOUSTON] Oil prices climbed over 4 per cent on Tuesday (Jun 17) as the Iran-Israel conflict raged with no end in sight, ...
About 21mn barrels of oil from Iran, Iraq, Kuwait, Saudi Arabia, Qatar and the United Arab Emirates pass daily through the narrow waterway separating the Islamic republic from the Gulf states, ...
Amid escalating attacks between Iran and Israel, Iran threatens to withdraw from the Nuclear Non-Proliferation Treaty and potentially close the Strait of Hormuz, a critical global oil route.
Tensions at the Strait of Hormuz risk 20M bpd in crude oil flow, fueling a sharp rally in oil futures and boosting market ...
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