Nightmare scenario: How Iran, hit by US & Israel strikes, may choke world’s oil supply via Strait of Hormuz - explained
Monday, 23 June 2025 () Iran-Israel war: Amidst rising tensions, concerns escalate over potential disruptions to global oil supply via the Strait of Hormuz. While a prolonged blockade remains unlikely, even brief closures could trigger significant price surges and economic instability. Iran's strategic position offers various retaliatory options, yet faces constraints including potential counterstrikes and disapproval from key allies like China.
In a bold and unanimous move, Iran’s Parliament has approved the decision to close the strategic Strait of Hormuz — a key chokepoint for global oil shipments — in response to escalating U.S. military aggression. The resolution now awaits approval from Iran’s National Security Council. If...
President Trump has announced sweeping 30% tariffs on imports from the European Union and Mexico, igniting fresh trade tensions. Starting August 1, key sectors like auto parts, electronics,..
Weeks after Trump boasted of obliterating Iran’s nuclear program, a New York Times report raises major doubts. Israeli officials claim parts of Iran’s 60% enriched uranium stockpile survived U.S...
Iran’s Foreign Ministry has launched a blistering verbal offensive against German Chancellor Friedrich Merz, accusing Berlin of directly supporting Israel’s “war of aggression” against the..
Monday, 23 June 2025 ()
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