The Latest Breaking News from Hormuz

Warning from Goldman Sachs comes as crude shipping through strait of Hormuz falls further than bank thought

Iranian blockade of the strategic strait of Hormuz is hitting global fertiliser supply chain

Imagine the escalating conflict between the US, Israel and Iran unfolding in a world powered mostly by wind, solar and batteries rather than oil and gas.

The Iranian regime has announced the closure of the strait of Hormuz and threatened to target ships attempting to transit the narrow waterway. Some have already been damaged. While this could seriously harm global energy supply and raise costs, the consequences actually extend far beyond these markets.

The Middle East plays a central role in global energy and therefore global markets. As tensions escalate and the strait of Hormuz, a key trade route, faces disruption, headlines assessing the wider impact of the Iranian conflict often centre on oil and gas supply.

UK’s FTSE 100 up by more than 50 points, while pan-European Stoxx 600 share index rises 1.2%

The president also said he was offering government-backed risk insurance for ships passing through the Gulf region

The recent attack on Fujairah's oil facilities highlights the escalating tensions in the Gulf, impacting global oil supply and prices.

The escalating conflict between Iran, the US and Israel has taken a critical turn. The strait of Hormuz – one of the most important shipping routes for oil and gas – is facing significant disruption. The strait is the main route connecting Persian Gulf ports in Iran and some of…

An oil tanker has been struck near the Strait of Hormuz, marking another attack in the area that triggered an explosion and left one crew member dead.

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sites