Iran has reversed its decision to reopen the Strait of Hormuz. The move follows continued US naval blockade, raising fresh global energy concerns. The decision affects international shipping, oil markets, and regional stability. Iranian authorities said the reversal came due to ongoing US restrictions on its ports and shipping routes. Officials stated the strategic waterway […]
oil supply disruption
Global fuel prices surge after Iran conflict
Fuel prices have risen in more than 85 countries worldwide following escalating tensions involving Iran, triggering widespread increases due to disruptions in global oil supply. Read More: Oil prices surge as Iran attacks energy sites According to reports, the surge in prices has been observed across Asia, Europe, Africa, and North America, as uncertainty surrounding oil shipments intensified. A key factor […]