Tag: Strait of Hormuz

Global oil prices jumped sharply on Thursday as rising geopolitical tensions involving Iran fuelled fears of supply disruptions, pushing Brent crude to its highest level in four months. Markets reacted ...

Government says diplomatic breakthrough could shield consumers from fuel price shocks

Dr. Yussif Sulemana warns that conflict near the Strait of Hormuz could lead to a massive disruption in global oil supply

As conflict escalates between Iran and Israel, Tehran has responded not with restraint, but with a sharp increase in oil exports.

Crude oil prices jump more than 7% following Israeli strikes on Iran, raising fears of disruptions in global supply routes...