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Strait of Hormuz, Iran

CoinDesk · 57m

Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin Soars 400%

In the meantime, an obscure token called the digital oil memecoin (OIL) has skyrocketed over 400% against USD, according to data source DEXTools.io. The token is listed on the Solana-based decentralized exchange Raydium.

Reuters on MSN · 26m

Factbox-What is the Strait of Hormuz and why is it so important for oil?

Iran's top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday, after parliament reportedly backed the measure in response to U.S. strikes on several of Tehran's nuclear sites.

India Today on MSN · 20m

Iran parliament approves closure of Strait of Hormuz, a key oil chokepoint: Report

If Iran goes ahead and shuts down the Strait of Hormuz, through which 20 per cent of daily global oil consumption passes, it would disrupt trade flows, send oil prices shooting up and potentially destabilising the global economy.

16m

Iranian Parliament votes to close vital Strait of Hormuz after U.S. strikes on nuclear sites

Iran's Parliament approves potential closure of Strait of Hormuz, impacting global oil trade and India's oil prices.

1hon MSN

Global oil supply in jeopardy? Iran parliament approves Strait of Hormuz closure after US strikes

Iran’s top security council may shut down the Strait of Hormuz — a vital oil shipping route — following US attacks on its ...

2d

Oil Tanker Collision Near Strait of Hormuz Raises Security Fears

The accident, which the United Arab Emirates said was unrelated to the conflict between Israel and Iran, occurred amid ...

2don MSN

Oil has a $10 geopolitical risk premium; China wants the Strait of Hormuz to stay open: Dan Yergin

Pulitzer Prize Winner Daniel Yergin puts the price on oil's geopolitical risk premium and explains why the closure of the ...

1d

Why the Strait of Hormuz Matters to Energy Markets

Conflict between Israel and Iran has rekindled fears of a disruption to a narrow waterway key to the global economy.

5d

UAE coast guard evacuates 24 people from oil tanker crash east of the critical Strait of Hormuz

The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east ...

4d

Visual analysis: GPS interference raises risk of accidents in Strait of Hormuz

Experts including Sal Mercogliano, a maritime historian at Campbell University in North Carolina and a former merchant ...

5d

A military intelligence expert’s warning: “If you cut the Strait of Hormuz, the world’s richest neighbors will be pissed off”

Located between Oman and Iran, the Strait of Hormuz is the world's most important access route for oil transportation.

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