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There are fears that a period of elevated oil and gas prices could trigger a damaging wave of global inflation.

Iran is deciding who gets through the Strait of Hormuz safely and who gets threatened  The Lufkin Daily News

UK says no clear plan yet to reopen Strait of Hormuz A senior British defence official said there is still no clear plan to safely reopen the Strait of Hormuz. UK officials said discussions with allies are ongoing but still at an early stage, as Iran has effectively shut the key shipping route since the US-Israeli war on Iran began. Armed Forces Minister Al Carns said the threat to shipping includes mines, fast attack boats, missiles and drones, describing the situation as a “significant military challenge” that will require a multinational response.

European leaders rebuff Trump’s call to open the Strait of Hormuz  The Spokesman-Review

Officials say military planners liaising with US Central Command but situation remains too dangerous for anything to happen soon Middle East crisis – live updates Britain has said it remains involved in discussions with the US and European allies over escorting merchant shipping through the strait of Hormuz but the situation remains too dangerous for it to happen soon. Iran is still considered to pose a threat and have a wide range of weapons available – from cruise missiles to sea drones – despite 19 days of US-led bombing of its navy and coastal sites. Continue reading...

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Impact expected to be far-reaching, with Brent crude soaring to over $108 a barrel; Qatar, UAE condemn 'irresponsible' escalation as Iran warns it will take 'an eye for an eye' The post Israel strikes major Iranian gas field; Tehran vows to hit Gulf energy sites in kind appeared first on The Times of Israel.

Strait of Hormuz back in operation; Iran open route to friendly nation  IDNFinancials

Saudi analyst says kingdom will activate defence pact with Pakistan if it joins Iran war MEE staff on Wed, 03/18/2026 - 17:41 Analyst says Pakistan's nuclear arsenal is on the table for Saudi Arabia if it joins war A handout picture shows Saudi Arabia's Crown Prince Mohammed bin Salman welcoming Pakistani Prime Minister Shehbaz Sharif ahead of their meeting in Riyadh, on 17 September 2025 (Saudi Press Agency/AFP) Off If Saudi Arabia joins the US-Israeli war on Iran, it will activate its mutual defence pact with Pakistan and potentially lean on the South Asian country’s nuclear arsenal, a Saudi Arabian analyst told Canada’s CBC News. “If the Saudis were to decide to enter with complete force…Iran is going to be the biggest loser because Saudi Arabia will activate its bilateral defence agreement with Pakistan,” Salman al-Ansari, a Saudi Arabian geopolitical researcher, said in an interview. “We can say it literally that there is a nuclear umbrella over Saudi Arabia,” he added. Saudi Arabia and Pakistan signed a mutual defence agreement last year, following an Israeli attack on Hamas negotiators in Doha, Qatar. At the centre of the agreement is a principle similar in structure to Nato’s Article 5, which details collective defence obligations. (adsbygoogle = window.adsbygoogle || []).push({}); Official statements from both governments describe the pact as stipulating that “any aggression against either country shall be considered an aggression against both”. In theory, such language suggests that Pakistan could be obliged to assist if Saudi Arabia comes under sustained attack. Saudi Arabia has already been targeted by Iranian ballistic missiles and drones. Iran has attacked the US embassy in Riyadh, Prince Sultan Air Base, as well as the kingdom’s energy infrastructure. 'We have a defence pact with Saudi Arabia' The kingdom’s oil exports have also been impacted by Iran’s control of the Strait of Hormuz. Saudi Arabia’s East-West pipeline from the Gulf has allowed it to bypass Hormuz and continue selling roughly four million barrels per day (bpd) of crude on the market. The kingdom exported around seven million bpd before the war. Will the Iran war trigger a Saudi Arabia-Pakistan mutual defence pact? Read More » Saudi Arabia, along with other Gulf states, lobbied US President Donald Trump not to join the war on Iran, but as Iranian attacks have intensified, there is a growing debate about how much support Riyadh should provide the US for offensive operations and even join the attacks. Saudi Arabia’s defence pact with Pakistan adds an additional layer to the war, underscoring how the fighting could spread across the globe if not contained. Saudi Arabia has so far relied on Pakistan to mediate with Iran. Pakistani Foreign Minister Ishaq Dar said earlier this month that he had directly raised the defence pact in conversations with Iranian Foreign Minister Abbas Araghchi. “We have a defence pact with Saudi Arabia, and I conveyed this to the Iranian side,” Dar said, adding that Tehran responded by seeking assurances that Saudi territory would not be used as a launchpad for attacks against Iran. In addition to its diplomatic and defence ties with Saudi Arabia, Pakistan is reliant on the Gulf for crude oil and natural gas. This week, the Pakistan-flagged ship, the Karachi, also known as the Lorax, became the first vessel carrying non-Iranian crude to transit through Hormuz, with its ship-tracking data, called the Automatic Identification System, on. (adsbygoogle = window.adsbygoogle || []).push({}); The vessel belongs to Pakistan’s state-owned National Shipping Corporation, and its oil was from the UAE. Analysts say Pakistan likely negotiated transit with Iran’s government. War on Iran News Post Date Override 0 Update Date Mon, 05/04/2020 - 21:19 Update Date Override 0

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Modi speaks to Kuwait Crown Prince; says safe, free navigation through Strait of Hormuz top priority  The Hindu

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Trump criticizes Starmer as frustration mounts over Strait of Hormuz  The Detroit News

Iran names oil and gas sites in Gulf states as potential targets Iranian authorities have identified five oil and gas facilities in Saudi Arabia, the UAE and Qatar, and it said it would target them in the coming hours. The sites include Saudi Arabia’s SAMREF refinery and Jubail petrochemical complex, the UAE’s al-Hosn gas field, and Qatar’s Ras Laffan refinery and Mesaieed petrochemical complex, the statement circulated by Tasnim news agency said.

Need ‘substantial military operation’ to eliminate threat in Strait of Hormuz: Fmr. NSA lawyer  MS NOW

Iran, the strait of Hormuz and a global economic shock. Plus: Feminism fights on Get the Guardian Weekly delivered to your home address As fighting in the Middle East entered its third week, focus has shifted to Tehran’s closure of a key maritime passage, and the potentially huge global economic impact. For our big story this week, Jillian Ambrose explains how the war in Iran has effectively blocked the Gulf states from exporting a fifth of the world’s oil supply through the strait of Hormuz. Peter Beaumont sets out the significance of the route and the possible options to counter the blockade, while Hannah Ellis-Petersen reports on the building anger and resentment in the region over being dragged into a war they did not start and had diplomatically tried to prevent. Continue reading...

Lifting the Jones Act temporarily allows foreign ships to transport cargo across the US, but critics question efficacy.

Trump sends warning shot at NATO over Strait of Hormuz  Fox News

Most NATO members reject U.S.-led Hormuz Strait coalition, Trump says  Axios

Which countries are allowed to cross the Strait Of Hormuz amid the Iran war?  Yahoo News Canada