Bandar Abbas, Iran
Mideast oil producers step up plans to bypass the Strait of Hormuz
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold over the strait drags on and oil prices surge, countries across the Gulf are planning to spend billions […]
Iran threatens to halt Mideast energy exports after US reimposes a blockade and intensifies strikes
DUBAI, United Arab Emirates | The U.S. reimposed a naval blockade on Iran and intensified its airstrike campaign Wednesday in retaliation for Tehran’s attacks on ships trying to pass through the Strait of Hormuz. The American strikes hit an Iranian army barracks, killed at least seven troops and wounded more than 260 people across the […]