Clearing naval mines from the strategically vital Strait of Hormuz could take up to six months, according to assessments shared by the Pentagon with U.S. lawmakers. The warning underscores the potential for prolonged disruption to global energy supplies amid escalating tensions with Iran. Read More: US Says Strait of Hormuz Mine Removal Could Take Six Months During […]
oil supply
Iran warns Hormuz Strait may close if US blockade continues
Tensions have escalated in the Gulf after the Iran warned that the strategic Strait of Hormuz may not remain open if the United States (US) continues its naval blockade of Iranian ports. Read More: US, Iran eye Islamabad for fresh talks as Hormuz blockade tightens Iranian officials issued the warning amid a fragile ceasefire and ongoing diplomatic efforts involving […]
Hormuz disruption triggered fears of increase in global oil markets
The ongoing disruption in the Strait of Hormuz has triggered a major upheaval in global oil markets, raising fears that crude prices could surge to as high as $200 per barrel. The crisis, now stretching beyond a month, is being described as one of the most severe oil supply shocks in modern history, with far-reaching […]
Russia vows to keep supplying oil to Cuba despite US pressure
Russia will continue supplying oil to Cuba despite mounting pressure from the United States, Moscow’s ambassador to Havana said on Thursday, underscoring long‑standing energy ties between the two countries amid a deepening geopolitical standoff. Read More: Russia warns against ‘outside interference’ after Cuba protests “We assume that this practice will continue,” Russian Ambassador Viktor Coronelli told the state […]