Tag #Strait Of Hormuz

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Iran-Israel Conflict Spikes Oil Prices, Raising Supply Concerns

Following a 7% oil price increase on Friday, driven by the Iran-Israel conflict, concerns rise over potential disruptions to the Strait of Hormuz, a critical oil transit point carrying 20 million barrels daily, creating a significant global supply risk.

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Iran Launches Hundreds of Missiles and Drones in Retaliation for Israeli Attack

Iran launched hundreds of drones and missiles in response to a large-scale Israeli attack, resulting in casualties and damage despite many being intercepted; Iran's actions are escalating regional tensions.

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Middle East Tensions Spike Oil Prices

Israeli strikes on Iranian nuclear facilities sent Brent crude oil prices surging 13% to $78.50 and West Texas Intermediate up 9% to $77.62 on July 1st, 2025, the largest single-day increase since the start of the Ukraine war; the surge is largely due to increased geopolitical tensions centered on t...

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Trump Seeks Limited Iran Nuclear Deal Amid Military Conflict Concerns

In 2025, President Trump's administration seeks a new nuclear deal with Iran, prioritizing preventing weaponization over dismantling the enrichment program, driven by concerns over a potential military conflict's economic consequences and prioritizing short-term political gains, potentially leaving ...

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Iran Threatens Strait of Hormuz Closure, Risking Global Oil Crisis

Iranian Revolutionary Guard commander Sardar Esmail Kowsari announced Iran is considering closing the Strait of Hormuz, threatening global oil supplies and prompting concerns of potential military escalation and severe economic consequences for Europe, which relies heavily on Middle Eastern oil impo...

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Israeli Attack on Iran Triggers Oil Price Surge

An Israeli attack on Iran's oil infrastructure has caused a surge in oil prices due to concerns about a potential closure of the Strait of Hormuz, a crucial oil shipping route; the extent of the impact depends on Iran's response.

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lexpress.fr
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Massive Explosion at Iran's Major Port Kills Eight, Injures Hundreds

A massive explosion at Iran's Shahid Rajaee port, handling 85% of its goods, killed eight and injured 750 on Saturday, likely caused by a fire in a hazardous materials warehouse, disrupting trade and raising safety concerns.

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abcnews.go.com
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Tri-nation Naval Drills in Gulf of Oman Amidst Regional Tensions

China, Iran, and Russia conducted joint naval drills in the Gulf of Oman on Tuesday, showcasing military strength near the Strait of Hormuz as Yemen's Houthi rebels threatened new attacks on ships and GPS interference was reported.

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Showing 25 to 32 of 32 results