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Tag: Strait of Hormuz

Middle East Tensions Simmer: Markets Hold Ground After US Strikes Iran, Strait of Hormuz Eyed

Middle East Tensions Simmer: Markets Hold Ground After US Strikes Iran, Strait of Hormuz Eyed

Middle East Tensions Simmer: Markets Hold Ground After US Strikes Iran, Strait of Hormuz Eyed Global markets are showing remarkable composure this week, with stocks experiencing modest gains and oil prices stabilizing, even as geopolitical tensions escalate in the Middle East. The calm follows weekend U.S. strikes on three Iranian nuclear facilities, an event that has put investors on high alert for potential repercussions. The immediate aftermath of the U.S. action has seen a critical focus on Iran’s potential next…

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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 Sites Prompt Retaliation and International Concerns

US and Israeli Strikes on Iranian Nuclear Sites Prompt Retaliation and International Concerns

US and Israeli Strikes on Iranian Nuclear Sites Prompt Retaliation and International Concerns On Saturday, the United States, in conjunction with Israel, launched a major military operation against three Iranian nuclear sites. The attack involved 75 precision-guided munitions, including bunker-buster bombs and over two dozen Tomahawk missiles, according to General Dan Caine, Chairman of the Joint Chiefs of Staff. The Fordow nuclear plant, a deeply buried facility, was a primary target. Commercial satellite imagery suggests significant damage, though the extent…

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