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LN24 > Blog > Gulf shipping crisis
16
Mar

UK, Australia and Japan Refuse to Deploy Warships to the Strait of Hormuz

  • LN24 / 1 month
  • 0
  • 4 min read

Several key U.S. allies including the United Kingdom, Australia and Japan have declined requests to deploy naval forces to the Strait of Hormuz, dealing a blow to efforts to form a multinational military coalition aimed at securing one of the world’s most critical shipping routes. The decision comes amid escalating tensions in the Gulf following […]

11
Mar

IEA Proposes Record Release of Strategic Oil Stocks to Stabilize Global Markets

  • LN24 / 1 month
  • 0
  • 3 min read

The International Energy Agency (IEA) has proposed the largest coordinated release of emergency oil reserves in history, as governments scramble to stabilize global energy markets amid escalating conflict in the Middle East and severe disruptions to oil shipping routes. The Paris-based energy watchdog announced that its 32 member countries have agreed to make around 400 […]