Tag: Strait of Hormuz

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Middle East Conflict Pushes Oil Prices Higher, Raising Global Supply Concerns

The ongoing conflict between Iran, Israel, and the United States has led to an increase in oil prices up to $120 per barrel. The...

If Crude Oil Reaches $100 per Barrel, Implications for India

Recent trends have shown a significant surge in global crude oil prices, primarily driven by ongoing conflicts in West Asia. As of early afternoon,...

37 Indian-Flagged Ships Stranded as Strait of Hormuz Closes Amid Rising Tensions

As military tensions heighten in West Asia, 37 Indian-flagged vessels with over 1,100 sailors onboard have become stranded in the Persian Gulf, Gulf of...

Iranian parliament approves closing Strait of Hormuz following US strikes on its nuclear facilities

The Iranian parliament has approved closing the Strait of Hormuz to naval traffic following strikes by the United States (US) on the country’s three...

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