oil and gas – downstream activities

Strait of Hormuz Blockade: Iran’s Naval Standoff, EU Sanctions, and Global Shipping Crisis Explained

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Iran has declared that the Strait of Hormuz will remain closed as long as the U.S.-led maritime blockade of Iranian ports continues, according to statements from Iranian officials and confirmed by multiple regional and international sources. The declaration comes amid an ongoing crisis in the strategic waterway that began in late February 2026 following joint … Read more

Crucial Oil Passage Reopens, Boosting Markets and Peace Hopes

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Iran has once again closed the Strait of Hormuz, reversing a brief reopening that had briefly eased global oil market tensions just days earlier. The move comes amid escalating friction with the United States over port access and sanctions, raising fresh concerns about the stability of one of the world’s most critical maritime chokepoints. According … Read more