US-Iran Conflict
Crude Oil Prices Drop 5% as US-Iran Strikes Pause, Brent Slips to $91
Global crude oil prices tumbled nearly 5% on Monday as a pause in military strikes between the US and Iran raised hopes for a diplomatic resolution, easing supply disruption fears along the critical Strait of Hormuz route.
Middle East Tensions Escalate as US Reimposes Naval Blockade on Iranian Ports
The United States has reimposed a naval blockade on Iranian ports following attacks on vessels in the Strait of Hormuz, triggering a fresh round of missile strikes. The escalation threatens global energy supplies and has heightened the risk of a broader conflict in the Middle East region.
US Launches Strikes on Iran After American Helicopter Shot Down Over Strait of Hormuz
US President Donald Trump announced retaliatory strikes on Iran after an American helicopter was shot down over the Strait of Hormuz. CENTCOM described the action as a proportionate response, while both sides signalled a desire to avoid full-scale war.
Crude Oil Prices Jump as US-Iran Conflict Cost Hits $29 Billion Mark
Global oil markets remain volatile as the Pentagon reveals surging military expenditures and Iran’s oil exports face a 28-day standstill amid an ongoing naval blockade in the strategic Strait of Hormuz.
