US EditionIran Disrupts Shipping Routes Near Strait of Hormuz as Israel, Hezbollah Exchange Attacks
Nearly 40% of the world's helium supply and about one-third of global fertilizer trade face disruption, while oil shipments through the strait have halted, the International Energy Agency said.
- Yesterday, authorities reported the Strait of Hormuz was effectively shut by Iran, halting commercial shipping and causing the International Energy Agency to call it the largest oil supply disruption in history.
- Mojtaba Khamenei, Iran's new supreme leader, said Iran will keep the Strait of Hormuz closed and press attacks on U.S. targets, while Iranian forces have used drones and missiles against ships.
- About 20 million barrels pass through the Strait of Hormuz daily, with three vessels hit off Iran and two tankers set ablaze in Iraqi waters, one sailor dead.
- Fertilizer trade routes are disrupted, with nearly one-third of seaborne fertilizer passing through the strait, sulfur exports from the Gulf supply about 45% of the market, and sulfur prices in China rose 15%.
- The war is widening into multiple fronts involving the U.S., Israel and Hezbollah, with at least 140 U.S. service members wounded and naval escorts facing drone and suicide-boat swarms in the Strait of Hormuz.
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16 Articles
Iran disrupts shipping routes near Strait of Hormuz as Israel, Hezbollah exchange attacks
Iran is disrupting shipping routes through the Strait of Hormuz, raising fears of a major shock to global energy supplies.Two tankers linked to Western interests were struck and set ablaze in Iraqi waters. One sailor was reported dead, and 37 crew members were pulled from the water. One of the vessels is owned by an American company.The strike did not occur inside the Strait of Hormuz itself but farther north in Iraqi waters, suggesting Irans re…
Iran effectively closes Strait of Hormuz as U.S.-Israel strikes continue
Iran has effectively closed the Strait of Hormuz as the U.S. and Israel continue airstrikes in the country, triggering what's being described as the "largest oil disruption in history."
Donald Trump again hints at TAKING OVER Strait of Hormuz in bid to cool skyrocketing oil prices
Donald Trump has once again hinted at a takeover of the Strait of Hormuz in bid to ease skyrocketing global oil prices.On Wednesday, the President said the US was in "very good shape" in its war in Iran as the conflict rages on into its 12th day. The conflict in the Middle East has rattled global markets, with the cost of Brent crude oil prices continuing to fluctuate wildly, hitting a peak of $118.60 (£90).By 3am in the UK, it was on the rise a…
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