Browsing Tag
Strait of Hormuz
23 posts
Jet fuel hits $200 a barrel: airlines across Asia and Europe scramble to raise fares
Qantas, SAS, Air New Zealand and Air India raised fares as the Middle East conflict pushed jet fuel to $200 a barrel and closed Gulf airspace.
Pentagon escalates Operation Epic Fury on day 11 as Tehran oil depots burn
US declares most intense day of Iran strikes on day 11 as oil facilities burn, Brent crude nears $120, and Iran vows to fight on amid global energy disruption.
Aramco CEO says 6.7 million barrels a day lost as Hormuz shutdown surpasses every prior Gulf energy crisis
Saudi Aramco CEO Amin Nasser warns of catastrophic consequences for global oil markets as the Strait of Hormuz crisis deepens. Read our full analysis.
Oil’s $40 single-day collapse: Trump’s Iran war comment rewrites the market in one hour
Trump told CBS News the Iran war is "very complete," reversing a near-$120 oil spike. Dow closed up 239 points after plunging 900 in a historic single-session swing.
‘Make Iran great again’: Trump demands full surrender, vows to pick Iran’s next leader
Trump demands Iran's unconditional surrender, rejecting any deal. Oil hits $90. Iran vows to fight on as Strait of Hormuz remains closed and markets fall.
Oil crosses $90 as Gulf states run out of storage: Kuwait cuts, Qatar declares force majeure
Brent crude hit $92.69 and WTI closed at $90.90 as the Strait of Hormuz closure forced Kuwait output cuts and Qatar to warn of $150 oil within weeks.
Viva Energy (ASX: VEA) set for Geelong refining margin surge as Iran conflict tightens Asian fuel supply
UBS sees A$20m EBITDA upside for Viva Energy's Geelong refinery as Hormuz crisis lifts Asian margins 65–79%. Read the full analyst breakdown.
Starmer: UK jets have already shot down multiple Iranian drones heading toward British bases
UK PM Starmer announces Typhoon jets, HMS Dragon deployment and expands US base access as Iran fires drones at ten countries and 140,000 Britons register in region.
India and France call for end to Iran conflict as IRIS Dena sinking raises new regional stakes
India's CCS and France's Macron call for diplomacy after the US Navy sinks Iranian frigate IRIS Dena near Sri Lanka, escalating the West Asia war to the Indian Ocean.
Tanker struck by explosion near Kuwait’s Mubarak Al-Kabeer port as Persian Gulf conflict widens
UKMTO reports a large explosion and oil spill on a tanker off Kuwait's Mubarak Al-Kabeer area on March 5, 2026, as the US-Iran-Israel war expands into the upper Persian Gulf.