Renewed Iran conflict sends oil prices higher, raises Hormuz transit fears

Times Of India Times Of India —

US President Donald Trump's announcement ending the ceasefire with Iran has heightened concerns for ships transiting the Strait of Hormuz.

Nine India-bound ships await passage, and an Indian oil tanker reportedly turned back from the Omani corridor.

Crude oil prices saw a significant spike as global benchmark Brent rose more than seven percent.

Officials express concern, but India's diversified energy supplies may mitigate severe impacts.

Read full article at Times Of India →

Hormuz Traffic Crashes Amid Strikes