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Sunday
27
Sep 2026
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Athens 20°C

> Strait of Hormuz

> Strait of Hormuz

Oil prices retreat, falling below $88 a barrel

According to Reuters, although oil prices initially surged to their highest levels in the past month, they later reversed course as traders took profits while assessing the latest developments in the Middle East

Hormuz on “Red Alert”: Ship in flames after Iranian attacks, new US bombardment

“We hit them very hard again tonight,” Trump told reporters, stressing that the new strikes were carried out to “honor” American soldiers killed in the Middle East - Tehran strikes U.S. facilities in Kuwait, Bahrain, and Syria

Very few ships are now passing through the Strait of Hormuz

Only eight vessels transited the strategic waterway on Thursday—half the number recorded on Wednesday

WSJ: Trump considers expanding strikes on Iran – Risks of operations targeting Pickaxe mountain & Kharg island

Potential seizure of Kharg Island and strike on the Pickaxe nuclear stronghold discussed during Tuesday night Situation Room meeting – Diplomatic de-escalation remains on Trump’s mind

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