Shutdown of Hormuz Strait raises fears of soaring oil prices
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- Published on Sunday, 01 March 2026 19:26
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Aljazeera
Consumers are set to pay higher prices, but US producers could benefit, analysts say.
Several ships are anchored as Iran threatened to close the Strait of Hormuz, where hundreds of ships carrying oil pass daily, potentially affecting worldwide trade [File: EPA/Stringer]
By Megha Bahree and Reuters
Published On 3 Mar 20263 Mar 2026
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The United States and Israel’s war with Iran has spilled over into the Strait of Hormuz, one of the world’s most critical energy chokepoints, prompting a surge in oil prices.
Shipping through the strait, which carries one-fifth of the oil consumed globally as well as large quantities of gas, has ground to a near halt amid Iranian attacks on oil tankers
How US-Israel attacks on Iran threaten the Strait of Hormuz, oil markets
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About 20-30 percent of global oil and gas supplies are shipped through the Strait of Hormuz.
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Boats manoeuvre around a tanker vessel during an IRGC military exercise in the Strait of Hormuz [File: Handout/Sepah News via AFP]
By Priyanka Shankar and Reuters
Published On 1 Mar 20261 Mar 2026
The US-Israeli attacks on Iran have triggered swift retaliatory attacks from Tehran, targeting their assets in multiple Middle East countries, including Israel, Qatar, the United Arab Emirates, Kuwait, Bahrain, Jordan, Saudi Arabia, Iraq and Oman.
Analysts are warning of a spike in global oil prices after Iranian officials hinted at shutting down the Strait of Hormuz, one of the most important maritime routes in the world.
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En primer lugar,
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Marina Mercante presidirá en 2027 el Foro Europeo de Funciones Guardacostas
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- Published on Wednesday, 18 February 2026 20:38
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Gobierno de España
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