Oil Prices Rise Amid US-Iran Strikes on Strait of Hormuz Shipping
Oil prices increased following US and Iranian strikes on ships in the Strait of Hormuz, which caused maritime traffic to drop to its lowest level since May. Iran announced plans to establish an exclusion zone in the region, raising concerns about global energy supply disruptions.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Excellent (100/100)Sources
Oil extends gains after US and Iran strike ships - Reuters
Oil extends gains after US and Iran strike ships Reuters
Read full article →Iran warns of 'faster, heavier, more painful response' to US attacks
The comments came a day after Washington said it had struck Iranian oil tankers in response to Tehran's attacks on US warships in the region.
Read full article →Oil Prices Rise Slightly After U.S. and Iran Trade Strikes
Brent crude, the global benchmark for oil, was up about 1 percent as trading resumed on Sunday, while the national average price of gas was nearly $4.15 a gallon.
By Stacy Cowley
Read full article →Latest Oil Market News and Analysis for September 7
Oil climbed after the US attacked Iranian tankers and Tehran declared a new restricted zone outside of the Strait of Hormuz, raising concerns about prolonged disruptions to energy flows through the waterway.
By Bingyan Wang
Read full article →Iran war live: Tehran to announce new Hormuz shipping route in coming days
Move comes as Iran's top negotiator warns of heavier responses to new attacks after US strikes on Iranian oil tankers.
Read full article →Iran will declare a ‘prohibited zone’ near Hormuz in coming days: security chief
Iran’s top security chief Mohsen Rezaei on Sunday said his country would establish a “prohibited zone” near the strategic Strait of Hormuz, state media reported. “In the coming days, a prohibited zone will be announced outside the Strait of Hormuz. This zone will start from the US Navy’s blockade line and include areas of the Persian Gulf. Any ship entering this new zone will be placed on the sanctions list” of Iran, Rezaei told state television. Also on Sunday, Iranian authorities said they...
By Agence France-Presse
Read full article →Iran plans to announce an ‘exclusion zone’ that runs from the U.S. naval blockade line, through the Strait of Hormuz, and into the Persian Gulf
The comments came a day after the U.S. struck three Iranian oil tankers in response to Tehran launching ballistic missiles at Navy warships.
By The Associated Press
Read full article →Global Market Today: Asian stocks open higher, oil rises after attacks
Asian stock markets saw gains thanks to a rise in US technology stocks on Friday. Oil prices also increased following tanker attacks between Iran and the US in the Strait of Hormuz. Investors are now keenly awaiting US inflation data that will influence Federal Reserve interest rate policies. Meanwhile, the yen showed volatility amid speculation regarding possible rate hikes by the Bank of Japan.
Read full article →Why are the US and Iran attacking oil tankers? Could the Strait of Hormuz crisis push oil above $100?
US-Iran tanker attacks are raising fears of oil supply disruptions as Brent crude nears $100. Could the Strait of Hormuz crisis push oil above $100?
Read full article →Analysis-Ship fuel shortage looms as refiners strained by war favour other products
By Reuters
Read full article →Hormuz traffic dips to lowest since May after US, Iranian strikes on ships
The risk for shipping in the Strait of Hormuz is now considered extreme, with multiple incidents of projectile strikes reported since July
By Reuters
Read full article →Iran says will declare 'prohibited zone' near Hormuz Strait in coming days
Iran says will declare 'prohibited zone' near Hormuz Strait in coming days
Read full article →Iran to announce 'restricted zone' outside Hormuz Strait: top security official - China Daily
Iran to announce 'restricted zone' outside Hormuz Strait: top security official China Daily
Read full article →Hormuz traffic dips to lowest since May after US, Iranian strikes on ships - arabnews.com
Hormuz traffic dips to lowest since May after US, Iranian strikes on ships arabnews.com
Read full article →US forces redirect 92 vessels and maritime blockade against Iran - thestar.com.my
US forces redirect 92 vessels and maritime blockade against Iran thestar.com.my
Read full article →Dennis Ross: Iran’s resilience during US war continues to ‘surprise’
TEHRAN — The clearest path to a deal to end the US war on Iran may lie in the dispute over shipping fees through the Strait of Hormuz, according to former US negotiator Dennis Ross, as Washington confronts the reality that months of military and economic pressure have failed to force Tehran into submission.
Read full article →Iran threatens South Korean assets if Seoul joins Hormuz mission
Iran has warned South Korea that its economic and military interests across the Persian Gulf could become targets of retaliation if Seoul joins a US-led mission to secure navigation through the Strait of Hormuz.
Read full article →
