Browsing Tag
oil supply disruption
2 posts
Asia’s fuel crisis deepens: Philippines declares emergency as Strait of Hormuz shipping collapses
Philippines declares national energy emergency via Executive Order 110 as Iran conflict closes Strait of Hormuz, threatening Asia's oil supply and fuel stability.
Strait of Hormuz closure pushes oil to 2022 highs as Wall Street logs weekly loss amid Iran conflict
Brent crude settles above $100 and US stocks post weekly losses as the Strait of Hormuz closure fuels inflation fears and complicates Federal Reserve rate cut plans.