Tag: Iran attacks

An aerial view of the Iranian shores and the island of Qeshm in the Strait of Hormuz on 10 December 2023. (Reuters)
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Strait of Hormuz holds global economy hostage amid Iran attacks by US, Israel| Business News

Amid coordinated attacks on Iran by the US and Israel, and Tehran retaliation across the Gulf, all eyes are on the Strait of Hormuz—just 33…

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The Strait of Hormuz is the chokepoint for bulk of the Persian Gulf’s exports of crude, and also refined fuels like diesel and jet fuel. (Reuters)
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What’s at stake for crude oil markets as Israel, US pile up Iran attacks| Business News

The Iran attacks by the United States and Israel create new risks for a significant chunk of the world’s crude oil supply. The Strait of…

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A container ship in the Suez Canal. The Suez Canal handles roughly 30% of global container trade, and for India, it is the primary gateway for exports to North Africa and the Mediterranean. (Reuters)
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Deja vu for India trade as Iran attacks threaten exports, crude oil imports| Business News

The Iran attacks by Israel and the United States, and Tehran’s counter-offensive, threatens to put India’s exports and oil imports into a disarray. The sense…

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A family sits against the backdrop of a dockyard off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on 25 February 2026. (AFP)
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OPEC+ to weigh bigger increase in crude oil supply after Iran attacks by US, Israel| Business News

OPEC+ will consider the option to increase crude oil supply when key members meet Sunday after the US and Israel launched an attack on Iran,…

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