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61 resultsfor “importance of the Strait of Hormuz for oil transport”

Politics

UK steps up plans for potential shortages caused by Iran war

Hormuz, a key shipping channel through which 20% of the world's oil and liquid natural gas usually passes, has sent oil prices soaring since the conflict began. Earlier this month, government officials drew

BBC NewsApr 25
Business

What's happening to UK petrol and diesel prices?

Hormuz. About 20% of the world's oil and liquefied natural gas normally passes through the strait, but it has been effectively closed since the war began. A ceasefire between the US/Israel and Iran that

BBC NewsMay 19
Politics

The GCC should insure itself against the next Strait of Hormuz crisis

transport capacities. But in the longer term, all would benefit. The critical call is on Saudi Arabia, which has the largest options to bypass Hormuz and provide the largest pool of deliverable crude. Its command

Al Jazeera EnglishMay 24
Conflicts

The pollution that outlives war

important ecosystem functions, including retention of groundwater. War also creates hazards beyond fossil fuels themselves. Bombardment pulverises buildings, roads and industrial sites, releasing dust laced with silica, heavy metals, and other toxins into

Al Jazeera EnglishMay 23
Conflicts

Ukraine begins to flex muscle as an emerging air power, angering Russia

important hub of the main oil transportation system”, said the SBU, and preliminary information suggested that “almost all oil storage tanks are on fire”. Russia’s Ministry of Defence confirmed the strike and said

Al Jazeera EnglishMay 1
Business

Fire breaks out at crucial Australian refinery, raising fuel supply fears

important that people buy as much fuel as they need, but no more, no less,” Bowen said. ## ‘Very challenging incident’ Incident controller Mark McGuinness said a “significant leak” of highly flammable gases and liquid hydrocarbons

Al Jazeera EnglishApr 16
Business

Iran war costs Toyota £3bn as prices of materials soar and sales fall

Hormuz, have roiled global industry. Trump, under political pressure because of higher gasoline prices in the US, has said a [deal to reopen the strait](https://www.theguardian.com/world/live/2026/may/08/iran-us-israel-donald-trump-lebanon-ceasefire-oil-strait-hormuz-missiles-latest-news-updates?page=with%3Ablock-69fd86b98f08beea73b77224#block-69fd86b98f08beea73b77224) is on the table, but Iranian officials

The Guardian WorldMay 8
Business

Airlines in Europe slash thousands of flights as Iran war cuts jet fuel supplies

Hormuz, the narrow waterway off Iran's coast, would lead to higher jet fuel prices and possible shortages in Europe. [![A pumping jack is visible in silhouette against an orange-sky sunrise

NPR Topics: NewsApr 23
Business

Airlines demand UK relax noise rules and cut flight tax as fuel shortage looms

strait of Hormuz. Last week the head of the International Energy Agency said flight cancellations would come soon if oil supplies from the Middle East were not restored, adding that [Europe had only six weeks

The Guardian WorldApr 21
Business

‘Turbulent and dangerous’: How shipping is the new global battleground

importers. While Indonesia quickly walked back the suggestion, it underscored a growing reality, analysts say: what was once a rules-based order governing maritime navigation is becoming a more dangerous, expensive, and, above all, politicised

Al Jazeera EnglishMay 1
Business

Aviation industry looks skywards as leaders fly in for Rio summit

oil tankers may still be stuck behind the strait of Hormuz as the conflict between the US, Israel and Iran flickers on, but for now, airlines continue to defy dire warnings of impending shortages which

The Guardian WorldJun 6
Business

UK refineries asked to maximise jet fuel production amid growing supply fears

Hormuz](https://www.theguardian.com/world/2026/apr/08/will-shipping-in-the-strait-of-hormuz-and-oil-prices-return-to-normal), through which a fifth of the world’s oil and gas flows. “UK airlines typically buy fuel months in advance, and aviation fuel suppliers hold bunkered stocks. The UK imports

The Guardian WorldApr 29
Politics

Ships attacked in Strait of Hormuz after ceasefire extension

oil and energy prices. A poll in the U.K. shows 1 in 10 people are already stockpiling fuel. British defense officials have previously floated the idea of deploying autonomous mine-hunting systems from motherships sent

NPR Topics: NewsApr 22
Business

The threat to summer holidays looming from jet fuel shortages

Strait of Hormuz having been blocked for the past eight weeks, however, those supplies have not been available, prompting a scramble for fuel produced elsewhere. This has pushed up prices dramatically. In late February, before

BBC NewsMay 3
Politics

Can Russia serve as an economic lifeline for Iran amid the Hormuz blockade?

oil exports constrained, Tehran may seek to depend less on the Gulf and more on a patchwork of railways, Caspian ports and sanctions-era trade networks linking it to Russia. The importance of that relationship

Al Jazeera EnglishApr 29
Business

Reopening strait of Hormuz would have limited impact on cargo flows, says Maersk

oil and gas normally passes, has been effectively shut since late February, triggering the increase in energy prices. On Wednesday, the US president, Donald Trump, wrote on social media that “assuming Iran agrees to give

The Guardian WorldMay 7
Politics

Can Hungary wean itself off Russian energy, as its new leader has promised?

transports crude from the Adriatic Sea to refineries in Croatia, Serbia, Hungary and Slovakia. Their refiners, which are controlled by Hungarian oil and gas company MOL, are capable of processing non-Russian crude, the research

Al Jazeera EnglishApr 17
Science

We can make sure another Chornobyl disaster does not happen, here is how

Strait of Hormuz have sent oil and gas prices soaring, driving up the cost of transport, food and energy for millions of households all over the world that are already dealing with a prolonged cost

Al Jazeera EnglishApr 26
Conflicts

Map of dominance: Why Iran can’t afford to give up Hormuz control

transport and global supply chains, as tanker traffic was brought down from an average of 129 in February to a virtual standstill. Mohammad Reza Farzanegan, professor of economics of the Middle East at Marburg University

Al Jazeera EnglishMay 5
Politics

Is India’s Chabahar dream in Iran dead?

oil docks at the port of Kalantari in Chabahar, 300km (186 miles) east of the Strait of Hormuz, January 17, 2012 [Raheb Homavandi/Reuters] ## What’s in Chabahar port for India? In southeastern Iran, perched

Al Jazeera EnglishApr 29
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