BIZARRE: 6 - You Need To See This

Iran Keeps Closing the Strait of Hormuz—So Why Aren't Governments Panicking Hike Like They Used To?

The US-Iran conflict escalates with military strikes, impacting the Strait of Hormuz. This vital trade route sees fluctuating oil prices as tensions rise, prompting global shifts in energy strategies.

International Business Times UK · Jul 13

Oil Rallies 4% as Mohamed El-Erian Warns of 'Significant Intensification' in US-Iran War

Global crude oil prices jumped roughly 4% early Monday following a wave of fresh U.S. military strikes against Iran. The sudden commodity rally reflects a warning from top economist Mohamed El-Erian that the “significant intensification” of hostilities in the Middle East will severely test the market’s prevailing assumption that the…

Benzinga · Jul 13

Hakeem Jeffries Calls Trump's Iran War 'Operation Epic Failure,' Says It Wasted Over $100 Billion in Taxpayer Money

House Minority Leader Hakeem Jeffries on Sunday slammed President Donald Trump, saying that the war with Iran has cost ordinary Americans over $100 billion and caused gas prices to surge.

Benzinga · Jul 13

Trump renews Iran blockade and again threatens to take control of strait of Hormuz

US president declares waterway open and demands tariff as both sides engage in heavy drone and missile exchanges

The Guardian - UK · Jul 13

Trump Directs Fresh Strikes to 'Hold Iranian Forces Accountable,' Says CENTCOM; Oil Tops $74 as Dow Futures Fall Over 100 Points

Late Sunday, global markets turned cautious after the U.S. launched another round of strikes against Iran, fueling a rally in crude oil prices and weighing on U.S. stock futures.

Benzinga · Jul 13

Hormuz Stays Open as Iran–US Strikes Lift Oil Prices Amid Gulf Tensions

Shipping through the Strait of Hormuz remains open despite Iranian claims that it has shut the key transit route for oil and natural gas to traffic.

Benzinga · Jul 12

'Iran does not control the strait': Trump, US military say Hormuz is open, 'traffic is flowing'

Iran war news: US military and President Trump said the Strait of Hormuz remains open. Iranian claims of closing the vital shipping route are being challenged by US CENTCOM. Traffic continues to flow through the passageway as concerns over safety rise. Washington and Tehran are currently engaged in a series…

The Economic Times · Jul 12

'Era of one-sided deals over': Iran Parl speaker Ghalibaf warns US after trade of strikes in Strait of Hormuz

Iran's Parliament Speaker declared one-sided deals are over after US strikes. US forces conducted extensive strikes targeting Iranian military sites this week. Iran's Revolutionary Guard Corps claimed to destroy targets in Jordan in retaliation. Qatar and Jordan strongly condemned Iran's military actions and violations. These events follow Iran's announcement of…

The Economic Times · Jul 12

Middle East Tensions Flare Up As IRGC Shuts Strait Of Hormuz: US, Iran Trade Strikes And Peace Hopes Recede

The US forces launched another wave of attacks on Iran near the contentious Strait of Hormuz on Saturday. The US strikes followed a missile attack on a commercial cargo ship by the Islamic Revolutionary Guard Corps (IRGC), the elite military unit of Iran.

International Business Times · Jul 12

US-Iran strikes: Latest developments on Gulf attacks, Hormuz closure

Iran announced it was again closing the Strait of Hormuz on Sunday and hit Gulf neighbours in retaliation for US strikes, further undermining efforts to salvage Middle East peace efforts. US strikes 140 targets CENTCOM said Saturday the US military had hit "approximately" 140 targets in Iran in retaliation for…

The Economic Times · Jul 12