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The story so far: The Strait of Hormuz, one of the world’s most strategically important chokepoints, has been experiencing a near-total collapse in commercial traffic following rising tensions in West Asia. More than 20% of the world’s total oil and gas shipments, and nearly 40% of India’s, pass through the strait. What is the significance…
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The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply chain beyond oil, affecting everything from pharmaceuticals from India, semiconductors from Asia and oil-derived products like fertilisers that come from the West Asia. Cargo ships are stuck in the Gulf or making…
Read More “Iran war disrupts global ocean freight and air cargo supply chains beyond oil” »
The story so far: Global oil markets are bracing for a potential upward price shock as trade resumes Monday (March 2, 2026) amidst escalation of hostilities in West Asia, as Israel and its ally United States (U.S.) launched air strikes against Iran on Saturday (February 28, 2026), with Tehran acting in retaliation. More importantly for…
Read More “Why the closure of Strait of Hormuz is causing fears about elevating crude oil prices” »
Iranian state media broadcast footage on Tuesday (February 17) of Revolutionary Guards drills in and around the Strait of Hormuz, hours after talks began, as semi-official Fars said parts of the waterway would close “for a few hours” for security precautions. Source link
An aerial view of the Iranian shores and the island of Qeshm in the strait of Hormuz. | Photo Credit: Reuters Iran on Wednesday released a Marshall Islands-flagged tanker with all its 21 crew members aboard days after Tehran seized the ship without explanation, the vessel’s managers said. Tehran had no immediate comment on the…
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A map showing the Strait of Hormuz and Iran | Photo Credit: Reuters Iran seized a Marshall Islands-flagged oil tanker as it travelled through the narrow Strait of Hormuz on Friday (November 14, 2025), a U.S. official said, turning the ship into Iranian territorial waters in the first-such interdiction in months in the strategic waterway….