One-fifth of the global oil supply and substantial amounts of natural gas travel through the Strait of Hormuz, which has become a no-go zone for many tankers as fighting continues.
Israel exchanged further strikes with Iran overnight into Tuesday while it continues its assault on Lebanon, intensifying a conflict which has already killed hundreds, caused Washington to warn ...
Oil prices are up sharply as the widening Iran war disrupted tanker traffic through the Strait of Hormuz, highlighting how important the passageway is to the world’s oil supply.
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