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…
The United States and Iran have reported positive progress following a fresh round of indirect negotiations in Doha, Qatar, raising hopes that tensions in the Middle East could continue to ease after months of military confrontation. The discussions focused mostly on securing commercial shipping through the Strait of Hormuz, one of the world’s most important…
Fresh military exchanges between the United States and Iran have placed their week-old ceasefire under severe strain, raising fears of renewed instability around the Strait of Hormuz, one of the world’s most strategically important shipping lanes. The latest escalation began after Iran was accused of attacking the Singapore-flagged cargo vessel M/V Ever Lovely in the…
