US Secretary of State Marco Rubio has warned that the Strait of Hormuz must remain open following fresh US strikes on Iran. Speaking to reporters while boarding his plane in Jaipur, India, on Tuesday, May 26, Rubio said the waterway was too important to global trade to be controlled or blocked by Iran. “The straits
U.S President Donald Trump has announced a new U.S.-led operation aimed at helping commercial vessels stranded in the Strait of Hormuz amid escalating conflict involving the United States, Israel, and Iran. The initiative comes as dozens of ships and thousands of seafarers remain stuck in the Gulf region due to restricted maritime access and ongoing
Recent turbulence in the global oil market has once again highlighted how geopolitical tensions around the Strait of Hormuz directly affect energy pricing. When signs of disruption emerge, markets quickly react by driving up crude oil prices almost immediately. However, these reactions do not reflect the full impact, which unfolds over a longer period. In
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