Tag: global trade disruption

No peace in sight: Iran seizes ships as oil surges past $100, Trump delays strikes

No peace in sight: Iran seizes ships as oil surges past $100, Trump delays strikes

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Tensions in the Middle East continue to rise as Iran seized two ships in the Strait of Hormuz, tightening its hold over one of the world’s most critical oil routes. The move came just as former US President Donald Trump decided to delay planned military strikes, signaling uncertainty rather than resolution. Despite stepping back from […]

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IEA chief warns US-Iran conflict could trigger the worst energy crisis in history

IEA chief warns US-Iran conflict could trigger the worst energy crisis in history

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The ongoing tensions involving the United States, Iran, and Israel are rapidly escalating into what could become the most severe global energy crisis ever recorded, according to the head of the International Energy Agency. Speaking in a recent radio interview, IEA chief Fatih Birol described the situation as unprecedented. He emphasized that the world is […]

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