Iran considers allowing a limited number of oil tankers to pass through the Strait of Hormuz

[ad_1] Iran is considering allowing a limited number of oil tankers to pass through the strategic Strait of Hormuz, provided that the oil cargo is traded in Chinese yuan, CNN reported quoting an Iranian official.Tehran is working on a new plan to manage the flow of tankers through the key maritime corridor amid escalating tensions […]

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What would happen to UAE and global energy markets if Iran closed the strait of Hormuz? | World News

[ad_1] Closing the Strait of Hormuz would block 21 million barrels of oil and 20% of global LNG exports daily, disrupting supplies from the UAE, Qatar, and other Gulf nations/ Image: (File) Tensions in the Middle East have once again spotlighted the Strait of Hormuz, a critical chokepoint in global energy supply. Amid rising friction […]

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