On May 10, 2018, a choke point facing Iranian attacks was involved, which was a major refining hub in Venezuela.
1 report, 1 independent
Updated Aug 6
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What happened
On May 10, 2018, a choke point facing Iranian attacks was involved, which was a major refining hub in Venezuela.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Hormuz
city in Hormozgan Province, Iran
- Bahrain hosts dialogue sessions while regional insecurity around Hormuz grows, involving Russia and Europe.
- Trump threatened American tolls if a deal with Iran failed, while Iran closed the Strait of Hormuz amid Israel's military campaign, and Netanyahu stated Israel would remain in the Lebanon buffer zone.
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Venezuela
Country in Latin America
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PDVSA
Venezuelan government-owned oil company
Nothing else this week.
Related events
- Iranian attacks disrupt oil flow through Hormuz, impacting global oil market stability.
- The crisis stemming from the Iran conflict and Strait of Hormuz closure is now causing major logistical problems for the global aluminum market.
- Oil market intervention by the IEA is affecting global commodity costs while Gulf shipping risks persist.
- Attacks on vital energy infrastructure intensify the US-Iran war, leading to global energy supply chain disruptions and talks regarding conflict resolution.
- Regional security issues stemming from the instability in Iran are impacting global oil supply, which is being monitored by the International Energy Agency (IEA).