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Thursday
14
May 2026
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Analysis: Hormuz is not enough – How long until global oil flows are restored, and why prices won’t return to pre-war levels

Dozens of refineries, storage facilities, and oil and gas fields across nine countries have been hit by attacks, taking more than 10% of global oil supply offline

Mitsotakis on CNN: The international community will not accept “tolls” from Iran in Hormuz – I am concerned about Lebanon, Israel’s attacks are counterproductive

“If the attacks continue, we will face a humanitarian crisis and a destabilization of the Lebanese government – This is not in Israel’s interest and we need a ceasefire covering the entire region,” said the Prime Minister

Iran wants to impose $1 million tolls for passage through the Strait of Hormuz for as long as the negotiations last

The revelation was made by an anonymous regional official to the Associated Press – Iran may open the Strait of Hormuz on Thursday or Friday

Iran wants to impose $1 million transit fees for passing through Hormuz for as long as negotiations last

The revelation was made by an anonymous regional official to the Associated Press – Iran will use the revenues for post-conflict reconstruction

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