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2026 › March › 22

Hormuz

4 months ago

Brent crude topped €100 a barrel after the Strait of Hormuz was closed. With no unified EU response from Brussels, capitals are opting for tax cuts, price caps or simply delaying concrete action.
Benjamin Netanyahu has vowed to back US strikes on Iran’s power grid if Tehran does not reopen the Strait of Hormuz.
Corporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may wear thin in a matter of weeks.
US president’s 48-hour ultimatum to open Strait of Hormuz follows series of tit-for-tat strikes by Tehran

Energy and oil sites across region would become ‘legitimate targets’, Tehran says

  • Middle East crisis live – latest updates

Iran has said it will “irreversibly destroy” essential infrastructure across t…

Growers face soaring fertiliser and fuel costs as shipping choke point of the strait of Hormuz hits supply chains

  • ‘The stakes are enormous’: how a prolonged Iran war could shock the global economy

It …

‘Opening Strait of Hormuz will probably require US boots on the ground’
Trump threatens to hit Iranian energy sites if the Strait of Hormuz is not reopened; Tehran vows to retaliate.
US President Donald Trump said it would 'obliterate' Iran's power plants if it did not reopen the Strait of Hormuz in 48 hours. Iran threatened retaliation on US and Israeli energy infrastructure if …
If Tehran does not "fully open" the Hormuz channel within 48 hours, the U.S. "will hit and obliterate" Iranian power plants, Trump threatened.

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