The Strait of Hormuz, a critical energy route, is effectively blocked due to the escalating US-Israeli war on Iran, halting tankers traffic and forcing oil producers to cut the oil output. Damaged infrastructure and blocked shipping lanes are causing global supply shocks, leading to surging energy prices and economic strain worldwide. The Strait of Hormuz, a critical energy route, is effectively blocked due to the escalating US-Israeli war on Iran, halting tankers traffic and forcing oil producers to cut the oil output. Damaged infrastructure and blocked shipping lanes are causing global supply shocks, leading to surging energy prices and economic strain worldwide.
Trending
- Old Dominion University shooting: Gunman opens fire inside campus building, two critically injured
- Active shooter at US synagogue; smoke billowing from building
- ‘No, don’t do that’: Hillary Clinton pulls back as Bill Clinton nudges her toward busy crosswalk — watch video
- Vivek Ramaswamy’s wife campaigns for him in new ad for Ohio Guv election, introduces ‘Savithri’ amid trolling
- Late Khamenei’s wife alive; son recalls seeing Iran leader’s body after US-Israel strike
- US mulls suspending ‘Jones Act’ to curb oil prices amid Iran conflict – law explained
- Celebrity chef René Redzepu resigns from Noma over abuse allegations, says ‘an apology is not enough’
- Chinese man arrested for smuggling live ants in test tubes at Nairobi airport