Oil shock worsens as Strait of Hormuz closure nears two months
Shipping traffic through the Strait of Hormuz is at an effective standstill nearly two months into the Iran war, meaning the oil shock is mounting.
Ship owners are facing increasing pressure from the threat of attacks from Iran, risks from underwater mining, and the United States’s own blockade of Iranian ports.
The virtual closure of […]
BP profits double amid conflict
- Households fork out £3,400 more for bills in five years due to war impact on energy prices The Independent —
- Minister warns prices will remain higher eight months after Iran war ends Birmingham Live —
- Price hikes due to Iran war will be felt for at least eight months after conflict ends, minister warns The Independent —
- West Lothian families facing 'surging food and fuel costs' due to Iran war Edinburgh Live —
- Starmer Says Iran War Economic Impact Could Last for Some Time 📹 Irish Mirror — · 4min