US Edition
Iran war has blocked the Strait of Hormuz, a vital oil choke point. Reopening it is a big challenge
- On March 11, 2026, Iran's forces declared the Strait of Hormuz is effectively closed and vowed 'not one litre of oil' would be exported while the war with the United States and Israel continues.
- Iran's foreign minister Abbas Araghchi said Tehran is prepared to continue missile attacks and ruled out negotiations, while the IRGC declared 'It is we who will determine the end of the war'.
- Lessons from the Red Sea show U.S. and French navies warn vessels would be 'sitting ducks' in narrow lanes if Iran attempts to reopen the Strait of Hormuz, which can be targeted with anti-ship cruise missiles, drones, and mines, making transit hazardous.
- Insurance premiums for ships transiting the Strait of Hormuz have soared to levels France's transport minister described as 'insane', with Marsh Risk citing tanker rates approaching those for ships carrying grain from Ukraine.
- On Tuesday, U.S. officials offered mixed messages as US President Donald Trump hinted at talks with Tehran while the Pentagon chief vowed 'the most intense day of strikes' yet, and Chris Wright’s deleted escort claim was denied by Karoline Leavitt.
38 Articles
38 Articles
There's a major inflation risk lurking for the economy as the Iran war drags on, and it's not oil
The war in Iran has disrupted transit through the Strait of Hormuz a critical path for global trade.Stringer/ReutersThe war in Iran has disrupted trade through the Strait of Hormuz, pushing oil prices higher. But oil isn't the only critical commodity that passes through the Strait. The disruption has also affected fertilizer prices, which could translate into higher global food prices. Oil is not the only commodity being upended by the Iran war.…
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Cryptocurrency News | Cryptocurrency Prices | Market CapDoes Iran War Show Ford And GM Turned In The Wrong Direction?
Quick Read One Advantage To EVs Is Low Fuel Prices If gas hits $5, Are EV’s More Attractive? Did GM and Ford Give Up On EVs Too Early? Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor) The war in Iran could be over in a …
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