Oil prices jumped 4% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.
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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.
Consumers are seeing fuel prices rapidly rise as the Iran war has triggered the biggest oil supply disruption in history.
Qatar’s Ras Laffan LNG terminal, UAE’s Habshan gas facility and Iran’s South Pars gasfield all struck within past day Grouped from 3 articles across 2 sources.
Trump has called on other navies to help open the strait, but countries are instead striking deals with Iran.
Australia has made it clear it's not planning to send a warship to the Strait of Hormuz and naval experts warn our ships would be of minimal help if they were deployed.
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.