Tag: Strait of Hormuz

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Posted in Economy

Uncertainty looms as shipping is hit, exporters in wait and watch mode

NEW DELHI: The war in West Asia will have a severe impact on trade and shipping as industry and exporters expect port closures. The air…

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An aerial view of the Iranian shores and the island of Qeshm in the Strait of Hormuz on 10 December 2023. (Reuters)
Posted in Business

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)
Posted in Business

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 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)
Posted in Business

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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