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Tag: Strait of Hormuz

Strait of Hormuz
World
  • Reuters
  • Jul 02, 2025
Iran made preparations to mine the Strait of Hormuz, US sources say

Pakistan Stock Exchange
Business
  • Afshan Subohi
  • Jun 25, 2025
Markets soar as ceasefire eases tensions: experts weigh in

Experts urged the government to actively support peace efforts and to swiftly develop a contingency plan to deal with challenges that a prolonged conflict could pose.

Wall Street futures rose and the dollar eased in Asia after Trump said Iran and Israel had agreed to a ceasefire, sending oil prices diving.
Business
  • Reuters
  • Jun 24, 2025
Shares cheered in Asia as Trump announces Iran-Israel ceasefire

Writing on his Truth Social site, Trump implied a ceasefire would go into effect in 12 hours and then the war would be considered “ended”.

Oil prices settled down more than 7 per cent, losing more than $5 a barrel after Iran took no action to disrupt oil and gas tanker traffic.
Business
  • Reuters
  • Jun 24, 2025
Oil settles down 7 per cent after Iran attacks US military base in Qatar

Brent’s 7.2 per cent drop was the steepest since August 2022.

global oil prices
World
  • Web Desk
  • Jun 23, 2025
Oil prices choppy as investors weigh supply risks after US bombs Iran

Investors are still weighing up the extent of the geopolitical risk premium, given the Middle East crisis has yet to crimp supply.

Business
  • Web Desk Karachi
  • Jun 23, 2025
Brent crude could hit $110 if Strait of Hormuz flows drop by half, Goldman Sachs warns

The global oil market is trying to figure out the likely trajectory for energy prices as the crisis in the Middle East escalates.

The US carried out strikes targeting Iranian nuclear facilities, with Trump saying Saturday it was a
World
  • AFP
  • Jun 22, 2025
US strikes on Iran: What we know

Trump has backed Israel’s military campaign against Iran’s nuclear facilities and top military brass.

The US has thousands of troops deployed on bases across the Middle East, and have carried out repeated military operations in recent decades.
World
  • Web Desk
  • Jun 18, 2025
Iran prepares to target US military bases as conflict with Israel escalates

If the US joins Israel in its outgoing conflict with Iran, the Islamic Republic is poised to launch missile attacks and deploy other military equipment against American installations.

Oman ship
World
  • Reuters
  • Jun 17, 2025
Causes behind Oman ships fire finally revealed

Shipping company Frontline has said that the Oman ship incident is a navigational incident and not related to the current regional conflict.

Strait of Hormuz
World
  • Reuters
  • Jun 13, 2025
Strait of Hormuz: the world’s most important oil artery

Iran has in the past threatened to close the Strait of Hormuz for traffic in retaliation to Western pressure. Experts have said that any closure of the strait could restrict trade and impact global oil prices.

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