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...
On June 21, the U.S. attacked Iran’s key nuclear facilities at Fordow, Natanz, and Isfahan. Iran confirmed damage but said nuclear materials were moved beforehand with no leaks detected.
The UN..
Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as..
Ship owners and global business leaders are watching the delicate situation in the Middle East amid concerns that global energy supplies would be badly impacted... Upworthy
LIVE UPDATES Dow, Oil Edging Up as Global Markets Await Iran Response to U.S. Attacks The S&P 500 and Nasdaq are also rising in premarket trading. Last Updated:... Upworthy
The Strait of Hormuz, through which around a fifth of the global oil supply is transported every day, remains at the centre of attention on Monday. Oil and LNG... Invezz Also reported by •IndiaTimes •Business Insider
Monday, 23 June 2025 ()
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