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2026 › April › 02

Strait

3 months ago

Fuel shocks from the US-Israel war on Iran are rippling worldwide, as Strait of Hormuz disruptions push prices higher.
Higher crude prices due to the disruption in the Strait of Hormuz have helped Russia earn more from energy exports.
The Strait of Hormuz, the vital artery for global oil transit, has been effectively closed since the U.S.-Israel war on Iran started in late February.
About 20 percent of global oil and gas passes through the Gulf waterway.
Two ships have passed through the Strait of Hormuz and arrived at Karachi Port.
Foreign Secretary Yvette Cooper is convening the virtual meeting with around 35 countries including France, Germany and some Gulf states.
Yvette Cooper is due to convene a virtual meeting of foreign ministers, though the US is not expected to attend.
Ever since the war began, the Islamic Republic has enforced the de facto closure of the vital waterway through which a fifth of the world's daily oil and liquefied natural gas (LNG) supply passes.
The US president called on nations that need Gulf oil to take the lead to keep the Strait of Hormuz open.
US President Donald Trump says nations that rely on oil from the Strait of Hormuz should build up some delayed courage.

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