- Hormuz Strait crisis: US strikes and Houthi attacks escalate
- Geopolitical tensions in the Middle East are causing disruptions around the Strait of Hormuz, leading to oil price hikes and impacting specific tech companies.
Tensions in the Hormuz Strait are causing disruptions to global oil prices and transit, with reports suggesting sea mines may have been planted.
2 reports, 2 independent
Updated Sep 21
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What happened
Tensions in the Hormuz Strait are causing disruptions to global oil prices and transit, with reports suggesting sea mines may have been planted.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Attacks in the strategic waterway of Hormuz escalate tensions, leading to accusations of causing a global energy crisis.Sub-event
Tensions in the Hormuz Strait are causing disruptions to global oil prices and transit, with reports suggesting sea mines may have been planted.1 source
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Part of
Geopolitical tensions in the Middle East are causing disruptions around the Strait of Hormuz, leading to oil price hikes and impacting specific tech companies.Also in this story
- High inflation is reducing gold's appeal against bonds, while escalating Middle East tensions drive up oil and gas prices, hurting gold producers.
- Amid regional military escalation, commercial ships continue to pass through the Hormuz Strait while tensions rise.
- Threats of renewed U.S. attacks on Iran, coupled with market declines for Nvidia and Broadcom, are driving up energy prices.
- Trump claims Iran is failing due to US actions as regional tensions escalate in the Middle East.
Within Hormuz Strait crisis: US strikes and Houthi attacks escalate
The entities involved
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Hormuz
city in Hormozgan Province, Iran
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International Energy Agency
autonomous intergovernmental organisation
Related events
- Strait tensions affect India's vital crude oil imports and prompt negotiations for new free trade deals.
- Strait closure threatens global energy supplies following attacks on shipping in the Middle East.
- Marco Rubio and Ed Miliband discussed global energy security and Iran's actions in the Strait of Hormuz during a meeting in London.
- The crisis stemming from the Iran conflict and Strait of Hormuz closure is now causing major logistical problems for the global aluminum market.
- A confrontation over the Strait of Hormuz involving Donald Trump and Brent caused oil prices to drop sharply.