Strait of Hormuz
Strait of Hormuz
Strait of Hormuz
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Another fuel price shock as Middle East tensions drive oil costs higher
Fuel prices rise sharply from Wednesday as Middle East tensions, shipping cost explosions and supply shortages push oil prices higher.
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Oil prices jump as Trump says no to Iran’s truce plan, South Africa to feel the pain
Oil prices surged after Trump rejected Iran’s truce offer, reigniting inflation concerns as markets await crucial US economic data releases.
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A history of oil price swings this century
Brent crude topped $100 a barrel as US-Iran tensions flare, marking another chapter in oil’s volatile price history this century.
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Oil prices surge towards $100 as Middle East conflict escalates
Iran launched fresh attacks against the United States on Wednesday in retaliation for US strikes on its vessels in escalating conflict.
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Iran threatens greater force if US launches more attacks
Iran warns of more forceful response to US attacks as both nations exchange fire near Strait of Hormuz amid six-month deadlock.
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Trump puts face on new $1 coin and floats renaming Strait of Hormuz
US Treasury issues $1 coins bearing Trump’s face whilst president proposes renaming Strait of Hormuz, continuing campaign to personalise national institutions.
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Iran president signals willingness to revive US peace deal ahead of Putin talks
Iranian president says Tehran will reciprocate if Washington honours collapsed June peace deal as he prepares to meet Putin in Bishkek.
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Fuel crisis drains South African economy as Iran war drives oil shock
South Africa has paid R56.3-billion more for fuel since the Iran war closed the Strait of Hormuz, exposing the country’s energy vulnerabilities.
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Iran and Oman negotiate temporary shipping route through Strait of Hormuz
Iran and Oman negotiate temporary shipping corridor through Strait of Hormuz, six months after strategic waterway became paralysed by conflict.
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Iran says Hormuz strait still closed despite transit corridor talks
Iran and Oman negotiate a mine-clearing plan and temporary corridor for the Strait of Hormuz, but Tehran warns it will not reopen unless the US ends the war.
