War in the Middle East: Skirmishes in Ormuz, a Table of Oil in the Gulf, What You Need to Know This Saturday Morning
2 Articles
2 Articles
As Donald Trump awaits Iran's response in the daytime and markets give peace a chance, clashes took place in the Strait of Ormuz and Israeli strikes
Oil rose by about 70% in the last two months, to reach $121 in the early days of May 2026, the result of the Israeli-American attack on Iran, an aggression that led to the closure of the Strait of Hormuz and, with it, the biggest energy crisis in recent years, by triggering oil and gas prices; accelerating inflation and opening the door to a possible global economic recession. In the face of the facts, Fatih Birol, director of the International …
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