The latest US-Iran confrontation over the Strait of Hormuz is becoming a battle not only over a strategic waterway, but over who gets to define what “control” actually means. President Donald Trump says the United States has “total control” of the Strait, declaring that the American naval presence is a “wall of steel” and suggesting…
Global oil markets are once again being pushed higher by the standoff between the United States and Iran over the Strait of Hormuz, with Brent crude climbing sharply as hopes of a quick reopening of the strategic waterway fade. The U.S. Energy Information Administration has raised its 2026 Brent price forecast to about $87 per…
The latest developments around the Strait of Hormuz are exposing a bigger problem than whether commercial ships can return to the waterway: international rules are struggling to keep pace with a geopolitical crisis. Iran and Oman are reportedly close to an arrangement that would create separate routes for ships travelling through the strait, with discussions…
Global oil prices have climbed above $85 per barrel as escalating military tensions between the United States and Iran fuel fears of prolonged disruption to energy supplies and international shipping. The latest exchange of strikes has heightened concerns over the security of the Strait of Hormuz, a critical route through which roughly a fifth of…
Military tensions between the United States and Iran have intensified once again after both countries exchanged fresh strikes around the strategic Strait of Hormuz, prompting U.S. President Donald Trump to declare the interim ceasefire “over” and triggering another surge in global oil prices. The latest escalation follows renewed attacks on commercial shipping and military targets…
