The War of the Straits: 3+1 chokepoints are reshaping the map of global shipping
Hormuz, Bab el-Mandeb, Suez and the Black Sea are increasing distances for ships, fuel costs, insurance premiums and freight rates, and are altering the geography of energy flows
Oil plunges more than 8% after pause in US strikes on Iran – Brent falls below $90
Oil prices dropped to their lowest levels in more than a week after the suspension of US attacks on Iran rekindled hopes for a de-escalation of the crisis
Oil prices plunge as tensions between the US and Iran ease
Markets see a window for renewed talks after a second consecutive night without new US strikes on Iran or Iranian retaliation