Itemoids

You are not logged in so some information on this page has been withheld. To see more, please log in or sign up.

2026 › March › 02

Strait

4 months ago

Ebrahim Jabari, a senior adviser to the IRGC's commander-in-chief, reiterates that the Strait of Hormuz is 'closed'.
Oil prices could move higher still if Iran targets Persian Gulf energy infrastructure and the Strait of Hormuz closure is prolonged.

Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging

Leading maritime insurers have cancelled war risk cover for vessels operating in the Gulf as the escalat…

The Strait of Hormuz is a key shipping lane linking the Gulf to global markets, with a large share of the world’s oil and gas passing through it daily. Disruptions caused by tensions between Iran, th…
Although the narrow waterway is easy for Iran to block, playing offence could prevent global economic repercussions
The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.
The conflict in the Middle East has sent oil prices soaring, as Bret Crude hit a new 52-week high on Monday.
Motorists in the UK were warned of potential 'record prices at the pumps' while economists predicted that fragile economies could be pushed 'closer to recession in a matter of weeks'.
A prolonged closure of the Strait of Hormuz, a critical transit route for global crude, could lead to a 1970s-style energy shock.

page 1 of 1