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2026 › August › 12

Strait

42 hours ago

Treasury officials predict growth will slow to just 0.3% in 2027 if the Strait of Hormuz remains effectively closed for the rest of this year due to the ongoing conflict.

47 hours ago

Traffic is about 90% lower than the daily average of 130 ships that transited Hormuz before the U.S. and Israel attacked Iran on Feb. 28.
Iran maintains it effectively controls much of the waterway and intends to impose a toll system in response to the US war launched by Trump on 28 February.

2 days ago

Just eight vessels crossed strait on Tuesday, down from 130 to 140 prior to the war as peace talks stall.
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.

Brent crude prices hover near $90 per barrel, as fallout from Iran war hits travel firm Tui’s profits

Good morning, and welcome to our rolling coverage of business, the financial markets and the world…

Brent crude climbs as renewed violence dampens hopes for a return to stability in energy markets.
Iran's top security official says the Strait of Hormuz will not reopen unless the US meets its conditions.

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