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Tag: Global Oil Prices

Iran’s Parliament Votes to Consider Closing Strait of Hormuz Following US Airstrikes

Iran’s Parliament Votes to Consider Closing Strait of Hormuz Following US Airstrikes

Iran’s Parliament Votes to Consider Closing Strait of Hormuz Following US Airstrikes Following US airstrikes on Iranian nuclear sites, Iran’s parliament voted to approve a plan to potentially close the Strait of Hormuz. The final decision rests with Iran’s Supreme National Security Council. The Strait of Hormuz is a crucial waterway for global oil transport, with approximately 20% of the world’s oil passing through it daily. In May 2025, Iran exported 1.84 million barrels per day, primarily to China. US…

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US and Israeli Strikes on Iranian Nuclear Facilities and Subsequent Military Actions

US and Israeli Strikes on Iranian Nuclear Facilities and Subsequent Military Actions

US and Israeli Strikes on Iranian Nuclear Facilities and Subsequent Military Actions On Saturday, the United States launched airstrikes targeting three Iranian nuclear facilities: Fordo, Natanz, and Isfahan. President Donald Trump claimed the strikes “completely and fully obliterated” key nuclear sites. The International Atomic Energy Agency (IAEA) Director General, Rafael Mariano Grossi, confirmed visible damage at Fordo and Natanz, noting craters at Fordo and damage to entrances of tunnels used for enriched material storage at Isfahan. He also stated that…

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Geopolitical Ripple Effects: How an Israeli-Iranian Conflict Could Reshape the Ukraine War and Global Energy Markets

Geopolitical Ripple Effects: How an Israeli-Iranian Conflict Could Reshape the Ukraine War and Global Energy Markets

Geopolitical Ripple Effects: How an Israeli-Iranian Conflict Could Reshape the Ukraine War and Global Energy Markets The recent Israeli strikes targeting Iranian nuclear facilities and military officials have introduced a significant layer of complexity to the ongoing conflict in Ukraine, with potential ramifications for both the battlefield and the global energy landscape. Experts suggest that an escalation of the conflict could inadvertently bolster Russia’s war effort while simultaneously hindering Ukraine’s access to crucial Western military aid. One key area of…

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