Tag
Gulf
3 articles
iran middle east
Iran Declares Hormuz Closed, Says It Has Struck Ships in Strait
Tehran announced the formal closure of the Strait of Hormuz to all shipping and claimed strikes on vessels in the waterway, hours after a second US strike package hit Iranian facilities.
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markets
Japan, South Korea Deepen Crude Pact as Hormuz Risk Weighs on Asia
Tokyo and Seoul are coordinating Gulf crude purchases and emergency stocks even as oil prices ease on the Trump strike pause, signaling Asian refiners are still pricing the next Hormuz disruption.
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● Breaking
markets
UAE Quits OPEC on May 1, Stripping Cartel of No. 3 Producer
The UAE announced its exit from OPEC effective May 1, removing the cartel's third-largest producer as Brent crude trades above $114 amid a closed Strait of Hormuz.
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