Strait of Hormuz
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Economy
Physical Oil Prices Surpass $130 as Hormuz Flows Plunge
DID Press: Physical crude oil prices have risen above $130 per barrel as disruptions to tanker traffic and sharply reduced oil flows through the Strait of Hormuz continue to put pressure on global energy markets. Recent market reports indicate that…
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Economy
Macron: Strait of Hormuz Remains ‘Almost Blocked’ Despite US Claims
DID Press: French President Emmanuel Macron has said the Strait of Hormuz remains “almost blocked” and that no agreement has been reached to fully reopen the strategic waterway, challenging the U.S. administration’s account of shipping conditions in the strait. Recent…
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Economy
US Gasoline and Diesel Prices Rise Amid Global Energy Supply Disruptions
DID Press: Gasoline and diesel prices in the United States have come under renewed upward pressure as disruptions to global oil supplies, damage to energy infrastructure in the Middle East, and the continuing Russia-Ukraine war raise concerns over fuel availability…
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Economy
Geopolitical Analyst: Iran Has Influence Over 3 Strategic Maritime Chokepoints
DID Press: Geopolitical analyst William (Will) Schryver has argued that Iran and its regional allies exert significant influence over three strategically important maritime chokepoints: the Strait of Hormuz, Bab al-Mandeb and the Suez Canal. Schryver, in comments on the recent…
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Economy
US House Votes to Halt Military Operations Against Iran
DID Press: US House of Representatives voted 220-204 on Tuesday to approve a war-powers resolution directing President Donald Trump to end U.S. military operations against Iran unless Congress authorizes continued action. The measure marks the third time the House has…
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Economy
Ansarullah and Shifting War Dynamics; Warning of $150 Oil
DID Press: Recent developments in Yemen and mounting pressure on energy transit routes have heightened concerns over the economic and geopolitical consequences of the continuing war with Iran. In the latest development, Yemen’s Ansarullah has attacked positions held by Aden…
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Government
Reuters: Iran Likely to Reverse-Engineer US Underwater Drone
DID Press: Iran’s capture of a U.S. military underwater drone could give Tehran an opportunity to study and potentially reverse-engineer the technology, potentially dealing a setback to the Pentagon and its manufacturer, Anduril, Reuters reported. Experts say the captured Dive-LD…
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Government
IRGC Captures US Unmanned Submarine in Strait of Hormuz
DID Press: Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy has announced the capture of a U.S. smart, unmanned submarine at the entrance to the Strait of Hormuz. U.S. officials have acknowledged the loss of the underwater vehicle but said the…
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Economy
Lloyd’s of London Faces £1.4B in Persian Gulf Losses From US-Iran Conflict
DID Press: Lloyd’s of London has estimated that insurance losses linked to the US-Iran conflict in the Gulf region could reach around £1.4 billion, with much of the damage stemming from attacks on land-based infrastructure rather than maritime losses. According…
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Economy
Hormuz Shipping Traffic Falls to Lowest Level Since May
DID Press: Commercial shipping through the Strait of Hormuz has fallen to its lowest level since May, with an average of just 10 commodity vessels a day passing through the strategic waterway over the past 10 days, according to shipping…
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