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Drones struck oil storage facilities in Oman’s ⁠Salalah port, as local authorities say they're responding to a big fire.

How Strait of Hormuz closure can become tipping point for global economy  CNBC

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The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.

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The U.S. attacks Iranian mine-laying vessels near the Strait of Hormuz  Oregon Public Broadcasting - OPB

IRGC warns vessels: Seek approval to pass Strait of Hormuz  The Jerusalem Post

What you should know about the Strait of Hormuz  KHON2

Three vessels struck in Strait of Hormuz as Iran vows to launch its ‘most intense’ assault so far  New York Post

Can the West keep the Strait of Hormuz open?  The Week

Trump says ‘practically nothing left’ to target in Iran, Axios reports US President Donald Trump said there is “practically nothing left to target” in Iran after days of US strikes, suggesting the war could end soon, according to a report by Axios.  Speaking in a brief phone interview with the outlet on Wednesday, Trump claimed the military campaign had exceeded expectations and caused more damage than originally anticipated. “The war is going great. We are way ahead of the timetable,” Trump told Axios, adding that the conflict could end whenever he decided it should. Despite the president’s remarks, US and Israeli officials told the outlet that there has been no internal decision on when the fighting will stop, with some officials preparing for at least two more weeks of strikes. Axios also reported that the US recently received intelligence indicating Iran had begun laying mines in the Strait of Hormuz, the critical global oil shipping route. Trump said US strikes destroyed 16 Iranian mine-laying boats, while US Central Command said its operations aim to weaken Iran’s ability to threaten regional shipping and project military power.

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Iran war has blocked the Strait of Hormuz, a vital oil chokepoint. Reopening it is a big challenge  Toronto Star

Strait of Hormuz mine threat roils Iran war, oil prices  The Week

Iran hits ships around Strait of Hormuz despite warning from U.S. not to stop flow of oil  CBS News

Iran Mine Threat in the Strait of Hormuz Could Benefit These Defense Stocks  Barron's

The International Energy Agency (IEA) has agreed to release 400 million barrels of emergency oil reserves, marking the largest volume in its history.

This is a breaking news story.

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices IEA poised to call for largest ever release of stockpiled oil to reduce price How the Iran conflict could affect energy prices – video explainer When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the International Energy Agency (IEA) was created, in the hope of limiting future shocks. Almost half a century on, the IEA’s 32 members have drawn up plans to hit the emergency button, for only the fifth time in its history. Continue reading...