5 articles tagged with "Global Economy"
The CEO of Kuwait Petroleum Corporation emphasizes the critical risk posed by Iran's blockade of the Strait of Hormuz, which could severely disrupt global oil supply and economic stability.
The US Treasury's recent approval for the sale of Iranian oil stranded on vessels could have significant implications for global oil supply chains and market dynamics.
Recent military actions by the U.S. and Israel against Iran have disrupted shipping in the Strait of Hormuz, leading to a surge in global oil prices. This escalation raises concerns about infrastructure resilience.
UAE Minister Lana Nusseibeh warns that Iran's actions pose significant risks to global economic stability, emphasizing the need for coordinated international responses.
Iran has issued a warning about potential oil prices reaching $200 per barrel as the US prepares to release its strategic petroleum reserves to stabilize the market.