How High Could Oil and Gas Prices Go if the Strait of Hormuz Remains Closed?

Why spike in fertilizer prices may boost China's political clout amid Iran war shockwaves

The U.S.-Israel war on Iran has crippled exports of fertilizer from the Persian Gulf, raising the spectre of higher food prices if the conflict drags on. The disruption could hand China — the world’s largest fertilizer producer — greater political leverage over countries already locked in disputes with Beijing, though it is unlikely to weaponise exports, according to analysts. Global fertilizer prices have soared since Iran effectively blocked s…

Iraq’s oil hub slows to a crawl as Strait of Hormuz shutdown strangles exports

The war in Iran is dealing a heavy blow to Iraq’s economy

A War Meant To Break Iran Could Leave It Stronger, And Gulf Exposed

An end to the war in the Middle East without clear guarantees on what would follow would pose a significant danger for Gulf states.

Drive slower, work from home and ditch the tie: the world responds to Iran war energy crisis

Oil crisis triggered by blockade of strait of Hormuz prompts emergency measures to protect supply and halt rising pricesShrinking fuel stocks and soaring prices are leading countries around the world to burn coal, ration fuel, shorten work weeks and tell citizens to stay at home.Fossil fuel supplies have reduced since the war against Iran led to the closure of the strait of Hormuz, a crucial shipping route for oil and seaborne gas. The shortfall…

Iraq’s oil hub slows to a crawl as Strait of Hormuz shutdown strangles exports

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Australia in talks to reopen Strait of Hormuz

Deputy Prime Minister Richard Marles has confirmed Australia is in talks to explore ways to secure the critical Strait of Hormuz.