Global oil markets recorded their biggest price swings in history this week after the US-Israeli war on Iran blocked the flow of Middle Eastern crude through the Strait of Hormuz. The narrow waterway south of Iran is one of the world’s most important trade arteries, through which one-fifth of the world’s oil and marine gas […]
Global oil and gas prices have soared as the war has disrupted energy exports from the Middle East. The Strait of Hormuz, a narrow strait that can transport about one-fifth of the world’s oil, has been virtually closed since the start of the local civil war, raising concerns about a global economic crisis. According to
Conflict in the Middle East is disrupting shipping across the region, including the Strait of Hormuz, one of the world’s busiest shipping lanes. Maritime traffic through the strait, a narrow waterway linking the Persian Gulf and the Gulf of Oman, has been effectively closed since the offensive against Iran began. Some ships have been diverted
As conflict in the Middle East continues to escalate, we want to hear how people living, working or traveling in the region have been affected. If you are in the area or have been affected in any other way, please contact us. We’d love to hear from you, but please keep in mind that your