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The Latest Breaking News from Hormuz

Oil At $110? Goldman Flags Major Risk If Iran Disrupts Strait Of Hormuz Shipping

Fears of a major oil supply shock are mounting as tensions escalate in the Strait of Hormuz, a vital artery for nearly 20% of global crude shipments, with Wall Street racing to assess the potential price impact after the U.S. struck Iran over the weekend.

Benzinga

Asian Countries Most Vulnerable To Strait Of Hormuz Blockade

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites.

International Business Times

Iran Threatens Strait Of Hormuz After US Bombs Its Nuclear Sites: Shipping Traffic Plunges

As tensions continue to mount in the Middle East, maritime data from the region comprising key global shipping chokepoints is flashing red.

Benzinga

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Strait of Hormuz: closing vital oil and gas route would disrupt global supplies. How will Australia be affected?

The Iranian parliament has approved the closure of key shipping route the Strait of Hormuz, in a move that could further escalate the Israel/Iran war.

The Conversation

Price of oil could spike after Iran’s parliament votes to close key shipping route

Move could cause a global recession and comes in response to the US strikes on three Iranian nuclear sites

The Guardian - UK

Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan

The Guardian - UK

Global Oil Markets on Edge as Iran Threatens to Block Strait of Hormuz Amid Escalating War with Israel

Iranian officials allegedly plan to close the Strait of Hormuz. Can Donald Trump help prevent this?

International Business Times UK

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Scientists reveal reason behind ‘blood rain’ that turned Iran’s shoreline crimson

Tourists were treated to the rare sight of blood-red rainwater flowing down a cliff to the beach on Hormuz Island last week

The Independent UK

Iran cites 19th century British maps in row over ownership of islands

Tehran cites 1888 charts in effort to prove ownership of islands near strait of Hormuz that are also claimed by UAE

The Guardian - UK

Iran’s Revolutionary Guards seize Israeli-affiliated ship

State news agency says MSC Aries was taken in strait of Hormuz and is being transferred to Iran’s territorial waters

The Guardian - UK

How not to build a tourism city

Despite its aesthetic appeal, the Iranian resort Majara is poised to be a sore point among local residents.

Newsroom.co.nz

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