What would happen to UAE and global energy markets if Iran closed the Strait of Hormuz?
Monday, 23 June 2025 Tensions between Iran and Israel have renewed fears of a closure of the Strait of Hormuz, a vital energy artery for global oil and LNG trade. A blockade could trigger soaring prices, disrupt global supply chains, and spark inflation. While Gulf nations and global reserves offer some buffer, prolonged disruption would strain economies worldwide and heighten geopolitical and market instability.
India has voiced deep concern over the escalating Iran-Israel war following U.S. airstrikes on Iran’s nuclear sites. PM Narendra Modi spoke with Iranian President Pezeshkian, urging de-escalation and a return to diplomacy. With strategic interests in Chabahar and heavy dependence on Gulf oil, India...
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Iran on Wednesday admitted that U.S. and Israeli strikes caused severe damage to its nuclear facilities, validating President Trump’s claim of “complete obliteration.” Foreign Ministry..
How crucial is the strait of Hormuz to the global energy market?
Although Israel and Iran's ceasefire which came into force on Tuesday removed the pending threat of the Strait of Hormuz's closure,..
Credit: euronews (in English) Duration: 01:30Published
Oil prices surged over 7% following escalating tensions between Israel and Iran, raising concerns about potential supply disruptions. Brent crude reached levels... IndiaTimes
Amid escalating Iran-Israel tensions, India is proactively exploring alternative energy sources, particularly from West Africa, to safeguard its fuel supply.... IndiaTimes Also reported by •DNA
With Iran's Parliament approving a potential closure of the Strait of Hormuz following US strikes on its nuclear sites, energy markets face rising disruption... DNA
Monday, 23 June 2025
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