Iraq is also working to restore a pipeline that would allow oil to be pumped directly to Turkey. Grouped from 2 articles across 2 sources.
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Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.
Iran has scared off most ships from the Strait of Hormuz, leaving some ships to pass through, while most continued to wait outside the strait. Grouped from 2 articles across 2 sources.
Trump has called on other navies to help open the strait, but countries are instead striking deals with Iran.
Attacks on ships in Hormuz and strikes across the region expose Tehran's strategy of gradual escalation and long war, testing US, Israeli and Gulf resolve.
There are fears that a period of elevated oil and gas prices could trigger a damaging wave of global inflation.
Short-term borrowing costs jump to highest level since last summer as central bankers lift forecasts for price growth