Iran shuts down Strait of Hormuz
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Iran, Strait
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Bandar Abbas fires rage at Iran's main naval headquarters following possible U.S.-Israeli strikes. President Donald Trump won't rule out sending U.S. troops to Iran.
The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.
CAIRO, March 2 (Reuters) - Iran's Revolutionary Guards said a fuel tanker, identified as the Honduran-flagged Athe Nova, was burning in the Strait of Hormuz after being hit by two drones, Iranian news agencies reported on Monday.
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. The Strait of
The Strait of Hormuz region faces heightened security risks after U.S.-Israeli strikes triggered maritime incidents, prompting shipping companies to reroute vessels.
The disruption to LNG flows has sparked concerns about supply to the key regional customers of Europe and Asia