The closure of the Strait of Hormuz, driven by the US-Israeli war against Iran, has led to a global interceptor shortage, prompting Ukrainian strikes in the Caspian Sea and oil prices hitting $112/barrel.

The entities involved

• Hormuz →

  city in Hormozgan Province, Iran

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Talks regarding an Iran deal are underway, with a ceasefire reached after deadly exchanges, and Trump supporting Israel.Mon 17:12
• Caspian Sea →

  largest landlocked salt lake, located between Europe and Asia

  • The Middle Corridor, linking Central Asia and Europe, is gaining significance in regional trade and energy routes.Mon 17:06
  • Key contractors SLB and Saipem are deployed in the Caspian Sea for a complex intervention project involving BORIS.Mon 15:52
• Brent →
  • ECB chair signals readiness to raise rates as potential attacks in Yemen drive oil price spikes and market risk-off.Mon 17:39
  • Geopolitical risk adds to UK fiscal pressures as renewed fighting drives up oil prices, prompting economists to analyze market impacts.Mon 15:09

Related events

• IEA warns of risks from prolonged conflict in the region as US-Iran strikes disrupt tanker traffic through the Strait of Hormuz, weighing on fuel costs for companies like Delta Air Lines.Jul 10
• The crisis stemming from the Iran conflict and Strait of Hormuz closure is now causing major logistical problems for the global aluminum market.Jun 7
• US-Israeli war impacts Iranian oil production, affecting global market sentiment via the Strait of Hormuz.Jun 17
• U.S. air strikes in Jordan and drone attacks against Saudi targets occurred as Iran maintained control of the Strait of Hormuz, causing oil prices to drop.Jul 27
• The US conducted air strikes on Iran, while Iran simultaneously blocked passage through the Strait of Hormuz. International organizations are monitoring the global oil inventories drawdown.Jun 7