Global oil supply: Iran may use threat of closing Strait of Hormuz as leverage only; analysts say markets remain in surplus
Thursday, 19 June 2025 () Despite Iran's repeated threats to close the Strait of Hormuz, a vital chokepoint for global oil, analysts believe an actual shutdown is unlikely, viewing it as a diplomatic tactic. Global oil markets are prepared for potential disruptions, with ample supply and rising US shale production.
In a bold and unanimous move, Iran’s Parliament has approved the decision to close the strategic Strait of Hormuz — a key chokepoint for global oil shipments — in response to escalating U.S. military aggression. The resolution now awaits approval from Iran’s National Security Council. If...
Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as..
Join us LIVE as we analyze the global fallout from Trump’s recent military actions against Iran. Could these escalating tensions ignite a wider Middle East conflict? What are the potential impacts on..
Multiple explosions rocked Iran’s Bushehr city—home to a key nuclear power plant—after reported Israeli airstrikes. Al Arabiya confirmed the Bushehr International Airport was struck, while images..
Iran is talking about a move that could throw the global oil market into chaos. And this time, it is not just a political threat, it is halfway to being law.... Zee News
Thursday, 19 June 2025 ()
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