strait of hormuz

The Digest: US President Donald Trump has issued a 48-hour ultimatum demanding Iran fully reopen the Strait of Hormuz or face the destruction of its energy infrastructure. The threat came hours after Iran launched its most destructive attack yet on southern Israel, injuring over 100 people...

The Digest: US President Donald Trump has signalled a possible wind-down of military operations against Iran as the conflict enters its 21st day. In a Truth Social post, Trump stated Washington is close to achieving its objectives, including degrading Iranian missile capabilities, destroying...

The Digest: The United States is considering lifting sanctions on Iranian oil currently at sea to help stabilize global oil prices following Iran's closure of the Strait of Hormuz. Treasury Secretary Scott Bessent disclosed in a Fox News interview that approximately 140 million barrels of...

The Digest: Oil prices surged past $104 per barrel as the Iran war entered its third week following US strikes on Kharg Island, which handles almost all of Iran's oil exports. Brent crude hit $106.50 before settling near $104, while West Texas Intermediate traded above $99. The Strait of...

The Digest: Iran's new Supreme Leader, Mojtaba Khamenei, has declared in his first address since assuming power that the Strait of Hormuz will remain closed to pressure Iran's enemies. Speaking in a recorded speech on Thursday, Khamenei reiterated Iran's stance following earlier threats by...

The Digest: President Donald Trump has declared that US military operations in Iran will "end very soon," reassuring markets thrown into chaos by the escalating conflict. Speaking at a Florida news conference, Trump stated: "It's going to be ended soon, and if it starts up again, they'll be...

The Digest: Israel launched fresh strikes on Iran and Lebanon on the fifth day of escalating conflict, while Iran's Revolutionary Guards announced they have sealed off the Strait of Hormuz, the world's most vital oil shipping chokethrough which one-fifth of global seaborne oil passes. The US...

The Digest: Key OPEC+ members have announced a larger-than-expected production increase of 206,000 barrels per day, set for implementation in April, citing a steady global economic outlook and healthy market fundamentals. The decision comes as US-Israeli strikes on Iran and Tehran's...