News

Can the US Navy really defend the Strait of Hormuz?  The Spectator

Iran vowed on Tuesday that not one litre of oil would be exported from the Gulf while its war with the United States and Israel continues, in a stark rebuke to President Donald Trump's boast that the conflict was all but over. Trump's argument that the war would be "ended soon" helped reverse the previous day's spike in oil prices, which have surged since Iranian attacks on shipping closed the strategic Strait of Hormuz in response to the US-Israeli strikes that killed its supreme leader.

Iran vowed on Tuesday that not one litre of oil would be exported from the Gulf while the United States and Israel continue their bombardment, as the United Arab Emirates closed its biggest oil refinery after a drone attack. Oil prices have surged since Iranian attacks on shipping closed the Strait of Hormuz in the wake of a US-Israeli strikes that killed Tehran's supreme leader but fell back somewhat on Monday when US President Donald Trump suggested the war would soon end.

Iran's Huge Offer To U.S. Allies In Mideast Over Strait Of Hormuz Passage | 'Dump Israel, And...'  The Times of India

Oil Markets Face ‘Catastrophic’ Risk if Strait of Hormuz Remains Closed  Caspianpost.com

Strait of Hormuz crisis amid Iran war: Saudi's Aramco CEO warns of 'catastrophic consequences' for oil ma  The Times of India

IRGC Identifies Ships Permitted to Pass Through Strait of Hormuz  Caspianpost.com

India diverts gas to priority sectors after Strait of Hormuz closure India has activated emergency measures to redirect natural gas supplies to priority sectors after liquefied natural gas shipments through the Strait of Hormuz were disrupted, according to a government notification. Authorities said gas will be diverted away from non-essential users to protect key industries and services that depend heavily on the fuel. India consumes about 195 million standard cubic metres of gas per day and relies on imports for roughly half of that demand. Before the closure of the Strait of Hormuz and Qatar’s declaration of force majeure on shipments, the country was receiving around 60 million standard cubic metres of gas per day from Middle Eastern suppliers.

Strait of Hormuz will partially reopen in 2-3 weeks: David Roche  MSN

Iran says Strait of Hormuz closed only to US, Israeli and Western vessels  The Business Standard

Traffic through the Strait of Hormuz will be regulated, but this does not equate to closing the strait: Iranian Ambassador to China  Global Times

U.S. Treasury yields fall as oil tumbles after Trump warns Iran over Hormuz flows  CNBC

Live updates: Oil prices fall as Trump threatens 'fire and fury' if Iran blocks Strait of Hormuz  NBC News

The Strait of Hormuz: Energy's Achilles' Heel  JAPAN Forward

Effect on oil markets could be 'catastrophic' if Hormuz closure continues — Saudi Aramco chief  The Times of Israel

Consequences for global oil markets could be 'catastrophic' if Hormuz closure continues, Aramco chief says  Reuters

Opinion | The Country That Buys 90% Of Iran's Oil Is Still Not Panicking. Here's Why  NDTV

10 vessels attacked in Hormuz Strait: analysts  AL-Monitor