- European ministers call for profit caps on energy companies as Iran war drives price surge The Independent —
- Five EU States Call for Energy Windfall Profit Tax, Reuters Says Bloomberg —
- World leaders bypass Trump to tackle Strait of Hormuz crisis The Hill —
- Will ships pay to pass through the Strait of Hormuz? | Global News Podcast BBC News —
- Iran’s military may be decimated, but it’s winning the energy war as it controls who gets cargoes through the Strait of Hormuz Fortune —
- Trump’s Mission Impossible for Allies: Reopening the Strait of Hormuz Wall Street Journal —
- War in the Middle East: UNSC vote on Strait of Hormuz postponed France 24 —
- War in the Middle East: UNSC vote on Strait of Hormuz postponed • FRANCE 24 English France 24 —
- Charting the Global Economy: Oil Storms Higher on War Escalation Bloomberg —
Strait of Hormuz energy crisis
The closure of the strait is disrupting economic activity across Asia and Europe, with thousands of seafarers reportedly stranded in the Gulf.
World leaders are attempting to bypass Washington to negotiate the reopening of the waterway as the impact on global supply chains deepens.
In countries like Pakistan and Thailand, the surge in diesel costs has crippled local industries and sparked public anger.
Despite US claims of military dominance, Tehran's leverage over global energy exports remains a primary obstacle to regional stability.