36 resultsfor “impact of Iran closing Strait of Hormuz”
Iran took turns at closing and blockading the strait of Hormuz shipping channel. Limiting the number of cargo ships passing through the 5km-wide passage has had an extraordinary global impact
strait of Hormuz, the key waterway which was closed to shipping by Iran in the early days of the conflict, cutting the supply of around a fifth of the world
Hormuz. “Any decision to transit the strait will be based on risk assessments and close monitoring of the security situation, with the latest developments also included in the ongoing assessments.” ## Markets Oil prices plunged after
Hormuz, and its oil revenue. The US president told Fox News that "we're not going to let Iran make money on selling oil to people that they like and not people that they
Hormuz is open or closed, are reckless. Transit through the Strait must remain free of charge." She said the EU was widening sanctions on Tehran, adding "none of us want to see a nuclear-armed
impact of the war and the importance of reopening the Strait of Hormuz, observers are less united on the severity of the current outlook. Traders who buy and sell financial contracts linked to food crops
Strait of Hormuz shipping route effectively closed and peace talks between the US and Iran failed. The IMF said: "Once again, the global economy is threatened with being thrown off course - this time
Strait of Hormuz open after Iran war.” Earlier this month, The Independent reported that Prime Minister Keir Starmer risked US President Donald Trump’s wrath as he “refuses to let US use UK bases
impact on international travel and [jet fuel shortages](https://www.theguardian.com/business/2026/apr/19/britons-holiday-uk-summer-flights-iran-war). IAG, the owner of British Airways, dropped 3.4%, while Wizz Air dropped 4.9%. Ryanair, Europe’s biggest airline, fell 3.3%. Rolls-Royce, which manufacturers
Hormuz continues as Iran again closed the strait, as the Iranian foreign ministry spokesman said on 20 April that Iran has no plan to participate in Pakistan talks with the US yet. EPA/ABEDIN TAHERKENAREH
impact of the Iran war on bookings and oil prices will hit its profits, having driven up fuel costs by £25m in the last month alone. It said it expected to report an increased
impact of the US naval blockade on Iranian ports that began on Monday, Iranian authorities have signalled that they do not intend to give major concessions in negotiations with Washington, including on nuclear enrichment. Ebrahim
strait of Hormuz,** Downing Street said. A spokesperson said: “The summit will advance work towards a coordinated, independent, multinational plan to safeguard international shipping once the conflict ends.” - **Foreign ministers from 17 countries, including
impact of the crisis in the Middle East triggered by the US and Israel’s attacks on Iran. The chief executives of HSBC, [Barclays](https://www.theguardian.com/business/barclay), Lloyds, NatWest and Santander have been asked
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
close at 9 p.m. in an effort to conserve energy. Streetlights are also turned off. "Maybe for the states or for Europe 9 p.m. is not bad, but in Egypt usually we stay out until
Iran or the US blockade the 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
Iran on February 28. Tehran retaliated by closing off the Strait of Hormuz, the narrow channel linking the Gulf to the Gulf of Oman, through which approximately 20 percent of the world
closed the strait of Hormuz, a [vital export route for oil from the Gulf](https://www.theguardian.com/world/2026/apr/08/us-iran-ceasefire-mass-exodus-ships-strait-hormuz-analysts). The US and Iran last week agreed a two-week ceasefire, but talks on ending the war failed
Iran conflict. “We are hearing from cafes and restaurants around the country that they’ve seen a slowdown in what patrons are purchasing,” says Wes Lambert, chief executive of the Australian Restaurant & Cafe Association. “Unfortunately