Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

Tensions in the Strait of Hormuz escalated sharply this week with two reported attacks on commercial vessels, underscoring the vulnerability of one of the world’s most critical energy chokepoints. On June 25, the Singapore-flagged container ship M/V Ever Lovely (operated by Taiwan’s Evergreen Marine) was struck by what U.S. officials described as an Iranian drone […]

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Iraq Set to Accelerate Hormuz Bypass

As tensions flare once again around the Strait of Hormuz—with recent incidents including a vessel struck off Oman’s coast and Iranian Revolutionary Guard warnings—Gulf oil producers are racing to secure alternative export routes. While the strait has historically carried nearly 20% of global seaborne oil trade, Iraq is moving decisively to reduce its vulnerability through […]

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Strait of Hormuz Update: Tensions Escalate as VP Vance Arrives in Switzerland Amid Iran’s Renewed Closure Claims and “Fees” System

As U.S. Vice President JD Vance touched down in Switzerland on June 21, 2026, for high-level peace talks with Iranian officials, Iran’s Islamic Revolutionary Guard Corps (IRGC)-linked military command announced a renewed closure of the Strait of Hormuz. The move cites alleged Israeli violations of a fragile ceasefire in southern Lebanon and threatens further disruptions […]

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Oman Warns of Suspected Floating Mine in Hormuz, Reinforcing Shipping Industry Fears

Oman’s Maritime Security Center (MSC) issued an urgent navigation warning on May 30 after a floating object suspected to be a naval mine was sighted in Omani territorial waters within the Strait of Hormuz. The alert, posted on the centre’s official X account, urges seafarers, fishermen, and commercial vessels to “exercise the utmost caution,” maintain […]

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Are the Abraham Accords the Key to Keeping the Iranian IRGC Under Control?

In the shadow of ongoing tensions with Iran, threats to the Strait of Hormuz, and high-stakes negotiations, President Donald Trump’s administration is actively pushing to expand the Abraham Accords. Recent statements tie potential deals with Tehran directly to broader normalization between Israel and additional Arab and Muslim-majority countries — including key Gulf states. The strategy […]

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OPEC+ Has Plan to Complete Series of Quota Hikes

In a move that signals business-as-usual intent amid extraordinary disruption, OPEC+ delegates have outlined plans to press ahead with a series of oil production quota increases, aiming to fully unwind the final layer of voluntary cuts announced in 2023 by the end of September 2026. According to Bloomberg reporting, key members intend to raise targets […]

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What Does Mozambique and California Have in Common? Rising Diesel Prices on the Horizon as Both Depend on Imports Tied to the Strait of Hormuz

In a striking parallel amid the ongoing U.S.-Israel conflict with Iran, two distant regions—sub-Saharan Africa’s Mozambique and the U.S. West Coast’s California—are facing acute fuel supply pressures. Both heavily rely on petroleum products whose supply chains trace back to the Strait of Hormuz, the critical chokepoint through which roughly 20-25% of global seaborne oil and […]

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