Strait of Hormuz – Page 2

Strait of Hormuz Blockade Triggers Global Diesel Shortage, Endangering Farmers and Food Supplies

A blockade in the Strait of Hormuz has triggered a global diesel shortage, leaving farmers without fuel for irrigation and threatening food supplies.

Prasenjit Bhowmik July 24, 2026

Business Insights

Brent Crude Surges Past $100 as Escalating Red Sea Conflict Threatens Global Energy Supply

Global energy markets reached a critical flashpoint this week as Brent crude oil breached $100 per barrel for the first time in months, driven by intensifying military confrontations in the…

Prasenjit Bhowmik July 24, 2026

Economy

National Gas Prices Surpass $4 as Escalating U.S. Military Strikes in Iran Rattle Energy Markets

The AAA national average price for regular gasoline crossed the $4 threshold on July 21, reaching $4.019 per gallon across the United States as escalating U.S. military strikes against Iranian…

Prasenjit Bhowmik July 23, 2026

Business Insights

Global Oil Prices Surge Amid Escalating Red Sea and Strait of Hormuz Maritime Conflicts

Global oil benchmarks jumped more than two percent on Tuesday as escalating military tensions in the Middle East threatened critical maritime shipping lanes. The price surge followed dual maritime incidents:…

Prasenjit Bhowmik July 23, 2026

Business Insights

U.S. Gas Prices Surge Back to $4 a Gallon as Iran Diplomatic Crisis Deepens

US gas prices hit 4 dollars a gallon as escalating tensions with Iran disrupt Middle East oil routes and end a brief diplomatic agreement.

Prasenjit Bhowmik July 20, 2026

Economy

IMF Warns of Diminishing Global Buffers Against Strait of Hormuz Oil Disruptions

The IMF warns that global economies are unprepared for oil supply shocks as rising US-Iran tensions threaten the vital Strait of Hormuz trade route.

Prasenjit Bhowmik July 19, 2026

Economy

U.K. Economy Edges Into Growth Amid Persistent Energy Pressures and Geopolitical Tensions

Although the UK economy returned to growth in May, high domestic energy costs and rising global tensions threaten to stall this fragile recovery.

Prasenjit Bhowmik July 16, 2026

Business Insights

Proposed Strait of Hormuz Transit Fee Threatens to Double Global Shipping Costs

A proposed US transit fee on the Strait of Hormuz could double ocean freight rates and trigger a massive wave of global inflation.

Prasenjit Bhowmik July 14, 2026

Business Insights

Global Oil Prices Surge as U.S. and Iran Trade Strikes Threaten Strait of Hormuz Shipping

Global oil prices surged more than four percent on Tuesday after military forces from the United States and Iran traded retaliatory airstrikes in the Middle East. The sudden escalation of…

Prasenjit Bhowmik July 13, 2026

Market

Crude Oil Prices Tumble Amid Stabilized Strait of Hormuz Shipping

Market Volatility Follows Supply StabilizationCrude oil prices experienced a sharp 5% decline this week as maritime traffic through the Strait of Hormuz returned to normal operations, effectively mitigating fears of…

Prasenjit Bhowmik June 26, 2026