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09
May 2026
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> Strait of Hormuz

> Strait of Hormuz

Reuters: daily oil production from the United Arab Emirates down over 50%

Oil production in the UAE has fallen dramatically following the escalation of the conflict with Iran and the disruption of commercial shipping in the Strait of Hormuz

240 cargo ships stranded in the Strait of Hormuz, Chinese ship transits increase

36 have been successfully passed - Shipping crisis affects 4% of the world's dry cargo

U.S. Treasury Secretary: The U.S. allows Iranian tankers to pass through the Strait of Hormuz to maintain global supply

“Iranian oil tankers have already begun leaving the area and the United States is not interfering with their passage,” Scott Bessent stressed

The blockade in the Strait of Hormuz does not only affect oil: 30% increase in fertilizer prices, concern about food production

The Strait is one of the most critical hubs for global fertilizer trade, as around one-third of international seaborne fertilizer shipments pass through this route

A tanker has caught fire following an Iranian strike in the Strait of Hormuz

The United States is preparing to send a military escort – Around 20 ships have been targeted by the Revolutionary Guards since the beginning of the conflict

Pierrakakis: We won’t leave anyone alone in the crisis; the government has the right “arsenal”

"The era of geopolitical innocence is over, and the European economy must be both resilient and growth-oriented," says the Finance Minister

UBS: The good, the bad and the “ugly” scenario for oil and natural gas

Oil remains the most immediate indicator of geopolitical risk – Brent crude oil could range from $80 to $150 across UBS scenarios, while European gas could move between €50 and €80

First message from Mojtaba Khamenei: “We will avenge all the blood that has been spilled, the Strait of Hormuz will remain closed”

Khamenei stressed that friendly relations with neighboring states will be maintained, but attacks on U.S. bases will continue

Three missing after Revolutionary Guards attack ship in the Strait of Hormuz, see photos

Twenty other sailors were rescued – Three attacks within a few hours caused limited material damage – Very few ships are now crossing the strait

Aramco: Catastrophic impact on the oil market if the blockade in the Strait of Hormuz continues

Global oil reserves are at their lowest point in five years, says Saudi energy giant

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