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Fragile Iran-Israel ceasefire calms oil markets | Israel-Iran conflict News

Cs news12 months ago12 months ago011 mins

Oil prices hit a five-month high over the weekend after the United States struck Iran’s nuclear facilities. Tehran retaliated with an attack on the US Al Udeid Air Base in Qatar, keeping global energy markets on edge. But oil prices dropped sharply on Tuesday after it appeared that Iran was holding off further attacks for…

Timelapse Shows Global Ship Traffic in Hormuz Strait Under Iran Threat

Cs news12 months ago07 mins

Global shipping companies and businesses are closely monitoring developments around the Strait of Hormuz, after Iranian threats to disrupt shipping following the U.S. strikes on its nuclear sites in its “Operation Midnight Hammer“ The U.S. warned Iran that any move to shut the Strait would be “economic suicide” and trigger a severe response. Why It…