Tag: Strait of Hormuz
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Iran defiant on strait as Trump tells Americans to accept high gas prices
“The Strait of Hormuz cannot be seized by a tweet or an aircraft carrier, by issuing an order or by delivering an election speech,” said Iran’s deputy foreign minister.
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US warns Iran it will step up economic pressure; two more ships attacked in Hormuz
LONDON: Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday (Aug 14) after two more ships were attacked there and the United States said it could maintain a naval blockade of Ira
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Commentary: For the oil market, the Strait of Hormuz isn’t closed
The Iran war has triggered what many say is the largest oil-supply shock in history but the market has defied expectations of high prices, says Bloomberg Opinion’s Javier Blas.
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Iran rejects Trump claims of US control over Hormuz as ‘lies’
Iran’s central military commands spokesperson said US president’s claim that the United States has control over the Strait of Hormuz is “nothing more than lies and fabrications”.
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Trump says US will ‘keep’ Hormuz strait control
Iran says it effectively controls much of the waterway and intends to impose a toll system in response to the US war launched by Trump on Feb 28.
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IEA cuts 2026 oil demand forecast again as Hormuz remains shut
PARIS: The International Energy Agency on Wednesday (Aug 12) sharply reduced its forecast for global oil demand this year, as supplies remain crimped by the closure of the Strait of Hormuz and high prices deter buyers.
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Oil prices higher, stocks mixed ahead of inflation report
NEW YORK: Oil prices bounced around before finishing higher Tuesday (Aug 11) while global stocks were mixed as markets awaited a key inflation report expected to influence upcoming monetary policy decisions.Crude prices initially rose more than two per cent on hardening rhetoric between th
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Oil prices lower, stocks higher as Hormuz doubts drag on
LONDON: Oil prices fell back in choppy trading and stock markets were marginally higher Tuesday (Aug 11) as investors weighed fading expectations of higher interest rates against concern over oil flows from the Middle East.Oil prices initially rose more than 2 per cent with the United States and Iran appearin
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Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fade
Oil traders keep clinging to hope that the Strait of Hormuz will reopen. That won’t last forever.
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Trump demands Iran pay compensation for deaths as Hormuz deal hopes fade
US President Donald Trump said he was “demanding compensation from Iran” for people he said had been killed or seriously wounded in conflicts involving Iran.
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