Strait of Hormuz

Saudi Arabia cuts oil output as Iran’s Hormuz blockade jolts global energy markets

Saudi Arabia has begun reducing oil production after a near-total blockade of the Strait of Hormuz filled storage tanks, Bloomberg reported on March 9, citing sources.

9 March, 04:32 PM

Gulf countries shrink oil production as Iran missiles keep flying

The state-owned Kuwait Petroleum Corporation (KPC) and has begun cutting production and declared force majeure, Reuters reported on March 7.

9 March, 12:49 PM

Strait of Hormuz traffic drops to near zero

Since Monday, March 2, only nine commercial vessels have transited the Strait of Hormuz, while an average of 138 vessels crossed the waterway daily before the U.S.–Israeli operation against Iran began on Feb. 28, AFP reported on March 6.

7 March, 01:38 AM

Trump says U.S. Navy will escort oil tankers through Strait of Hormuz ‘if necessary’

The United States is taking steps to ensure reliable shipping through the Strait of Hormuz after Iran closed the waterway to all vessels, U.S. President Donald Trump said on March 3.

4 March, 01:21 AM

US says Strait of Hormuz remains open despite Iran claims

The U.S. military says Iran has not closed the Strait of Hormuz, despite claims from Iran’s Islamic Revolutionary Guard Corps, Fox News correspondent Jennifer Griffin reported on March 3.

3 March, 04:00 PM

China demands immediate reopening of Hormuz Strait as 50% of its oil import faces collapse

China has issued an "urgent and immediate" demand for all parties in the Iranian conflict to restore safe passage through the Strait of Hormuz as tanker traffic grinds to a halt, Bloomberg reported on March 3.

3 March, 02:14 PM

Iran closes Strait of Hormuz — Reuters

A senior IRGC commander told state media that the Strait of Hormuz is closed and that Iran would open fire on any vessel that tries to transit the waterway, Reuters reported on March 2.

3 March, 12:41 AM

Iran war boosts Russia’s oil revenues, expert warns

Oil price surge driven by fears of supply disruptions after the U.S.–Israeli attack on Iran is helping Russia, CNN reported on March 2, citing Brussels-based Bruegel think-tank.

2 March, 09:28 PM

Gas prices jump 28% after 150 tankers halt in Persian Gulf

European natural gas futures jumped as much as 28% after 150 tankers anchored in the Persian Gulf on March 2, 2026, halting oil and liquefied natural gas shipments through the Strait of Hormuz, Bloomberg reported on March 2.

2 March, 04:11 PM

150 tankers halt in Persian Gulf as Iran strikes rattle global oil, LNG flows

At least 150 tankers — including vessels carrying oil and liquefied natural gas, or LNG — dropped anchor in open waters of the Persian Gulf past the Strait of Hormuz after U.S. and Israeli strikes on Iran on Feb. 28, Reuters reported on March 1.

2 March, 02:52 PM

Oil rockets to four-year high as Strait of Hormuz traffic grinds to a halt

Global oil prices surged to their highest level in four years, Bloomberg reported on March 2, as traders assessed the effective closure of the Strait of Hormuz triggered by the war involving the United States and Israel, pushing Brent crude toward $78 a barrel before prices pared gains.

2 March, 10:41 AM

Iran closes parts of Hormuz for naval exercises as U.S. pushes for nuclear deal

Iran will temporarily close parts of the Strait of Hormuz for several hours while the IRGC conducts military exercises, CNN reported on Feb. 17, citing Iranian news agency Fars.

17 February, 08:24 PM

Trump declared the Israel-Iran war over, causing a fall in global oil prices

Oil prices continued to fall following U.S. President Donald Trump's announcement that Israel and Iran had reached an agreement on a complete ceasefire, on June 24.

24 June 2025, 11:53 AM

Oil prices jumped sharply after the U.S. strike on Iran’s nuclear sites, with forecasts of continued price increases

Oil prices rose amid growing fears of supply disruptions if the Strait of Hormuz is blockaded due to escalating tensions in the Middle East, Interfax-Ukraine reports on June 23.

23 June 2025, 12:47 PM

Iranian lawmakers approved closing the Strait of Hormuz, but the final decision has not yet been made

Iran's parliament has approved the closure of the Strait of Hormuz, a key passage for about 20 percent of the world's oil and gas supplies, Al Arabiya reports, citing Iranian Press TV on June 22.

22 June 2025, 07:15 PM

Russian oil prices see 15% increase amid Israel-Iran conflict

Israel's war with Iran is becoming a "lifeline" for the Russian budget, which has seen a sharp drop in oil and gas revenues this year, with the ruble price of Russian Urals oil increasing by almost 15% in just a few days of the conflict, according to The Moscow Times, citing the Russian analytical company BCS on June 16.

16 June 2025, 05:19 PM

Strait of Hormuz

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