Oil exports flow through the Strait of Hormuz, where a new owner controls passage and demands fees.

The entities involved

• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • El Niño affects crop viability in various regions. El Niño can bring beneficial rains to arid areas.21:17
  • Oman aims to become a green energy hub in the Middle East.21:02
• Hormuz →

  city in Hormozgan Province, Iran

  • Peace talks between Iran and the US are underway, despite volatile statements injecting risk into the process.20:17
  • Ireland is steering the EU's presidency while António Costa seeks agreement on a €2 trillion budget amid chokeholds in the Strait of Hormuz.16:33
• Tehran →

  capital city of Iran

  • Iran launched strikes on Kuwait, Jordan, and Bahrain, leading to the closure of the Strait of Hormuz and prompting Trump to order military action.21:51
  • IDF commands operations against Hezbollah, leading to fighting in Beirut as Iran threatens a counterattack.21:41

Related events

• Iranian attacks disrupt oil flow through Hormuz, impacting global oil market stability.Sep 25
• Iran closed the Strait of Hormuz after an attack, while the US government released oil from the SPR to keep prices affordable.Sat 23:23
• Iran seeks dominance and control over the Strait of Hormuz.Sep 9
• Iran enforced regulations and controlled monitoring of the Strait of Hormuz on October 15, 2026.Thu 20:17
• Closure of Strait of Hormuz pressures consumption while military operations disrupt oil production, according to IEA reports.Aug 12