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LN24 > Blog > oil price surge
24
Apr

Pentagon Chief Hegseth says US Blockade on Iran ‘Going Global’

  • LN24 / 1 day
  • 0
  • 3 min read

U.S. Defense Secretary Pete Hegseth has declared that the American-led maritime blockade targeting Iran is expanding beyond regional waters, stating that the operation is now “going global” as Washington intensifies pressure on Tehran over shipping routes and sanctions enforcement. Speaking during a Pentagon briefing on Friday, Hegseth said the U.S. military campaign originally focused on […]

09
Mar

G7 to Discuss Joint Release of Emergency Oil Reserves, French Source says

  • LN24 / 2 months
  • 0
  • 3 min read

Finance ministers from the Group of Seven (G7) advanced economies are set to hold an emergency meeting on Monday to consider a joint release of strategic oil reserves in an effort to calm surging global crude prices and shield vulnerable economies from further fallout, a French government source said. The talks, confirmed by officials in […]

Iranian Parliament Backs Strait of Hormuz Closure
23
Jun

Iranian Parliament Backs Strait of Hormuz Closure

  • LN24 / 10 months
  • 0
  • 8 min read

Oil Market Braces for Turmoil Iranian state-owned outlet Press TV has released a new report quoting Major General Kowsari, a senior member of the Iranian Parliament’s National Security Commission, who stated that the Parliament has reached the conclusion that the Strait of Hormuz should be closed, but the final decision in this regard lies with […]