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Matteo Salvini says Italy will protect its national interests over the Strait of Hormuz, rejects sending warships, and calls oil firms in to stop price speculation.
After the Iran conflict pushed oil prices higher, the US briefly allowed the sale of Russian oil that had been stuck on tankers. Here’s what that move means for Russia, and why the advantage may be smaller than it looks.
Iran says the Strait of Hormuz is open to some countries but closed to the United States and its allies. Here is a simple breakdown of which vessels Tehran has allowed through and which nations are asking for safe passage.
President Trump announced U.S. air strikes on Iran’s Kharg Island, saying only military targets were hit and oil facilities were left intact — for now.
Clashes and chaos across the region: NATO intercepts a ballistic missile over Turkish airspace, Tehran and Dubai report explosions, and multiple sides trade strikes and accusations. Civilians and soldiers have been killed and leaders are trading tough talk.
After Washington temporarily lifted restrictions on Russian crude already at sea, oil prices fell and Brussels warned the move could weaken pressure on Moscow and hurt European security. Washington calls the change limited and short lived.
The IEA says the Iran conflict knocked out nearly 20 million bpd of exports and could cut global supply by 8 million bpd in March.
Iran’s president has spelled out three demands to stop the fighting: recognition, reparations and ironclad guarantees. Is this a real exit ramp or just rhetoric?
Middle East conflict has cut Gulf oil by ~10% of global demand; IEA orders 400M-barrel release but prices still spike above $100.
Oil tops $100 again as Iranian strikes hit ports, tankers and fuel tanks across the Gulf, prompting big reserve releases and market jitters.
Kharg Island handles about 90% of Iran's oil exports. Hitting it would spike oil prices and spark a geopolitical mess, so it's been left alone for now.
Gulf producers slash daily output, Bloomberg reports, while Netanyahu doubles down on Iran in a tense regional moment.