What disruption at Bab el-Mandeb and the Red Sea could mean for the world economy COMMENT | FLAVIO MACAU | If you’d never heard of the Strait of Hormuz before, you probably have by now. Iran’s effective closure of the waterway, which usually carries about 20% of the world’s …
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Kampala, Uganda | URN | The Africa Supply Chain Confederation says the continent is bracing for rising fuel and food prices following the escalating disruptions in the Strait of Hormuz. This critical global oil transit route has been partially blocked due to the war in Iran. Ronald Mlalazi, the Confederation’s …
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The Straight of Hormuz is subject to sovereign laws of Iran and Oman but under international law, it is also an international waterway COMMENT | NATALIE KLEIN | The Strait of Hormuz is a narrow body of water adjacent to Iran and Oman, which connects the Persian Gulf to the …
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WASHINGTON, the United States | Xinhua | U.S. President Donald Trump said Sunday that he has “demanded” several countries heavily reliant on Middle East oil join a coalition to escort vessels through the Strait of Hormuz, a key waterway through which about 20 percent of the world’s oil passes. A …
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LONDON, UK | Xinhua | Oil prices surged as global markets opened on Monday amid growing concerns that escalating tensions in the Middle East could disrupt energy supplies and ripple through global financial markets. Brent crude, the international benchmark, rose 2.5 percent to 105.61 U.S. dollars per barrel in early …
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WASHINGTON | Xinhua | U.S. President Donald Trump on Monday complained that U.S. allies are reluctant to answer his call to join a White House-proposed multinational mission to escort oil tankers through the Strait of Hormuz. “We’ve protected them from horrible outside sources, and they weren’t that enthusiastic. And the …
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CAIRO | Xinhua | Following the U.S.-Israeli military strikes against Iran that began on Saturday, global attention has turned to the Strait of Hormuz, particularly after Iran warned it could disrupt transit through this vital waterway in retaliation, sending shockwaves through international markets. What makes the strait so vital? Has …
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The Independent Uganda: You get the Truth we Pay the Price
