Once again, the tension between the US and Iran has escalated, bringing the Strait of Hormuz into focus once again in the global energy crisis. On August 31, the price of crude shot up by more than $2 per barrel following the US attack on two launchers on Iran’s Larak Island in the Strait, which ...

Geopolitical tensions in the Gulf area continue to grow; now more than ever, the world is watching one of the most strategically significant seaways of our time. Despite no actual interruption of trade through the seaway, worries regarding the security of the oil tankers have already affected the prices for crude oil. Experts from the ...