- Ongoing conflict in the Middle East is causing energy shocks, driving policy decisions, and leading to market exuberance affecting companies like Nvidia and those listed on Nasdaq.
- The conflict in the Middle East, affecting the Strait of Hormuz, is causing energy shocks that are now impacting UK inflation.
UAE aims for zero Hormuz dependency, Iran uses Hormuz as a conflict lever, and Kuwait seeks pipelines bypassing Hormuz.
1 report, 1 independent
Updated Jun 17
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What happened
UAE aims for zero Hormuz dependency, Iran uses Hormuz as a conflict lever, and Kuwait seeks pipelines bypassing Hormuz.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The conflict in the Middle East, affecting the Strait of Hormuz, is causing energy shocks that are now impacting UK inflation.Also in this story
- Iran's warnings are driving USD demand while Bank of England policy tightening expectations weigh on Sterling.
- Amid ongoing tensions, Trump has threatened military action regarding the Strait of Hormuz, while JD Vance is scheduled to meet with Mohammad-Bagher Ghalibaf in Switzerland.
- War in Iran is currently underway, causing major disruptions to global energy supply chains and markets.
The entities involved
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Abu Dhabi
capital city of the United Arab Emirates
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Hormuz
city in Hormozgan Province, Iran
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Kuwait
sovereign state in Western Asia
Related events
- Iran seeks to use Hormuz to control oil supply, while a canal proposal cuts through Saudi Arabia and Yemen, and Gulf states utilize the Red Sea pipeline.
- Amid regional tensions, Saudi Arabia is rerouting crude oil through Oman, utilizing a bypassed pipeline, while US refiners produce diesel and Republican lawmakers discuss export controls.
- Japan supports pipelines bypassing Hormuz amid heightened risk to Gulf energy trade following the Iran war.
- Traffic flows through the Strait of Hormuz as Qatar and Kuwait ship goods, while Trump promises US security guarantees.
- Amid heightened Iranian naval conflict in the Strait of Hormuz, Iraq is urgently planning alternative pipeline routes through Turkey and Syria.