Strait of Hormuz, Iran and Crude oil
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The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.
Bandar Abbas fires rage at Iran's main naval headquarters following possible U.S.-Israeli strikes. President Donald Trump won't rule out sending U.S. troops to Iran.
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Strait of Hormuz closed off amid escalating Iran conflict
The U.S. embassy in Saudi Arabia was hit by drone strikes as the shipping lane that normally carries a fifth of the world's oil was all but shut down
CAIRO, March 2 (Reuters) - An Iranian Revolutionary Guards senior official said on Monday that the Strait of Hormuz is closed and Iran will fire on any ship trying to pass, Iranian media reported. This is Iran's most explicit warning since telling ships it was closing the export route on Saturday,
The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.
The Strait of Hormuz, a waterway that runs alongside Iran and through which roughly 20 percent of the world's oil supply runs through has been blocked.
CAIRO, March 2 (Reuters) - Iran's Revolutionary Guards said a fuel tanker, identified as the Honduran-flagged Athe Nova, was burning in the Strait of Hormuz after being hit by two drones, Iranian news agencies reported on Monday.
The US-Iran conflict intensified after Iran announced the closure of the Strait of Hormuz, jolting global energy markets. Asian nations, especially India, Pakistan, Bangladesh, Japan and South Korea,