global oil supply

United States Warns Iran For Closing Strait of Hormuz

by

United States Warns Iran For Closing Strait of Hormuz:Tensions between the US and Iran escalate as the Iranian Parliament approves the closure of the Strait of Hormuz, a vital route for global oil. US Secretary of State Marco Rubio warns Iran against retaliation, revealing Iran’s growing nuclear capabilities and urging China to step in diplomatically. … Read more

Iran Closes Strait of Hormuz After US Airstrikes, Directly Impact On 20% of global oil supply

by

Iran Closes Strait of Hormuz After US Airstrikes:Iran shuts down the critical Strait of Hormuz after US airstrikes on Iranian nuclear sites, triggering massive global concerns. With 20% of global oil supply and one-third of LNG shipments blocked, markets react sharply. The crypto market witnesses a steep fall as Bitcoin, Ethereum, XRP, ADA, TRON, PI, … Read more