Tag Archives: Oil prices

  One of the world’s most pivotal maritime chokepoints— the Strait of Hormuz—– has once again emerged as a strategic flashpoint amid escalating military tensions in the Middle East. Iran’s parliament has endorsed a motion to close the strait in direct response to recent U.S. airstrikes on its nuclear and military installations. While formal closure must still receive approval from …

Crude oil prices climbed sharply on Wednesday following indications that Israel might be preparing to launch an attack on Iran’s nuclear infrastructure. U.S. intelligence assessments reportedly pointed to a possible military move, heightening fears of a broader regional conflict in the Middle East and injecting fresh volatility into global energy markets. The jump in crude prices was accompanied by a …