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military assets and other infrastructure in Gulf countries. It also closed off most access to the Strait of Hormuz, through which 20 percent of the world’s supplies of oil and liquefied natural
prices depends on a guaranteed and lasting end to the economic and military pressure against Iran and its allies.” Since the [US naval blockade](/features/2026/4/29/can-russia-serve-as-an-economic-lifeline-for-iran-amid-the-hormuz-blockade) on the strait began, the US has opened fire
actions as “bullying”, saying they raised “serious concerns” about using economic leverage to undermine Panama’s “sovereignty”. Beijing has denied the charges, calling them “groundless”. ## What other maritime crises are happening now? What makes
prices, while the [increasing energy appetite of new AI datacenters has put more pressure](https://www.reuters.com/business/energy/us-consumers-face-rising-electricity-prices-despite-clean-power-savings--reeii-2026-04-28/) on power supplies. As energy costs and consumption continue to rise, wind and other renewable sources have been
oil price and boosted stock markets, as the president’s upbeat messages are designed to do. But it all remained tenuous. Iran’s Islamic Revolutionary Guard Corps (IRGC) said the reopening of the strait
impact, reared its Medusa-like head. Again. "No worries," Spain's determined-to-appear calm prime minister, Pedro Sanchez, said to waiting journalists as he arrived at the leaders' summit. "We are fulfilling our obligations
action without coordination with the United States,” he said. “The United States bears responsibility for the Israeli regime’s aggression, and it will also be responsible for the consequences of any escalation in tensions.” Israel