Search
+
    SEARCHED FOR:

    OIL SUPPLY ROUTE HORMUZ CRISIS

    US–Israel–Iran War Day 52: Strait of Hormuz explodes into chaos as US seizes Iranian cargo ship; Tehran cries 'piracy', Pakistan’s peace push hangs by a thread

    Iran War News Day 52: On Day 52 of the US–Israel–Iran war, tensions have intensified after the US seized an Iranian cargo ship, prompting Tehran’s threat of retaliation. The crisis in the Strait of Hormuz continues to disrupt global oil supplies, pushing crude prices higher. With talks stalled and military posturing rising, fears of a wider regional conflict and prolonged energy crisis are growing.

    Is it time to abandon hope the Strait of Hormuz will open soon?

    The closure of the Strait of Hormuz has thrown global oil markets into turmoil, deepening an energy crisis with far-reaching effects. Asia, a powerhouse in oil consumption, is experiencing a drastic downturn as crude and refined imports dwindle. The plummeting physical oil prices highlight an immediate supply crunch, compelling refineries to downsize their processing capacities, which threatens significant economic fallout.

    'Want to see Strait of Hormuz opened; no privatisation, no tolls': Australian PM Anthony Albanese

    In a post on X, following his participation in a virtual Leaders' Summit on the Strait of Hormuz co-hosted by French President Emmanuel Macron and UK Prime Minister Keir Starmer, Albanese said 49 countries had come together with a "consistent approach" focused on ensuring freedom of navigation.

    UAE envoy to India flags 2,890 strikes on civilian infra since Feb 28, says 4 million Indian expats integral to nation

    The UAE ambassador has reported 2,890 missile and drone attacks. He called these unprovoked strikes and urged stronger international action. The UAE faced these attacks despite not being a direct party to the conflict. These incidents threatened regional stability. UAE air defence systems intercepted most incoming threats. International bodies have called for accountability and reparations.

    Europe has 'maybe 6 weeks of jet fuel left', energy agency head warns

    Europe faces a critical shortage of jet fuel, with only about six weeks of supply remaining, according to the IEA head. The ongoing Iran war and blocked Strait of Hormuz threaten global energy supplies, potentially leading to flight cancellations and severe economic repercussions, especially for developing nations.

    West Asia War: PM Modi, French President Macron hold telephonic talks; stress urgent need to restore Hormuz safety

    Prime Minister Narendra Modi and French President Emmanuel Macron held discussions on the West Asia situation. Both leaders stressed the critical need for maritime security in the Strait of Hormuz. They expressed shared concern over rising regional tensions. The leaders agreed on the importance of ensuring safe and free navigation through this vital shipping route.

    The Economic Times
    BACK TO TOP