Washington, May 5: The United States has initiated a military mission aimed at breaking the alleged blockade of commercial ships by Iran in the Hormuz Strait. This operation involves the deployment of warships and aircraft to ensure the safe passage of vessels through one of the world’s most critical oil routes. Defense Secretary Pete Hegseth … Read more
Tokyo, May 1: Japan has purchased a shipment of oil from Russia for the first time since February 2022. The move comes as Japan seeks to stabilize its domestic oil supply, which relies heavily on imports from West Asia, with over 90% of its crude oil coming through the Hormuz Strait. The oil is being … Read more
Washington, April 6: Rising tensions between Iran and the Hormuz Strait are putting pressure on global energy markets and supply chains. Oil prices have surged, raising concerns about disruptions in one of the world’s most critical shipping routes. According to CNN, oil prices spiked on Sunday following President Donald Trump’s threat to attack Iranian energy … Read more
