Iran, Middle East
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The escalating U.S.–Israeli war with Iran and Tehran’s retaliation against Gulf neighbours have severely disrupted Middle Eastern energy infrastructure and global oil and gas flows. Israeli strikes on Iran’s South Pars gas field and the Asaluyeh processing hub on March 18 triggered a wave of retaliatory attacks across the Gulf that hit refineries,
Escalating tensions between Iran and Israel have reignited concerns about global energy and input flows through the Middle East, placing renewed geopolitical stress on one of the world’s most critical shipping routes: the Strait of Hormuz. On June 22 ...
Iran has effectively blocked the Strait of Hormuz, one of the world's busiest oil shipping channels, since the US and Israel attacked the country on 28 February. About 20% of the world's oil and liquefied natural gas (LNG) usually passes through the strait and the war has sent global fuel prices soaring.
Apple is rerouting its India-made iPhone shipments, signaling a departure from traditional regional hubs in favor of direct-to-market sovereignty.
17don MSN
Surging energy prices and threats to shipping. How the Middle East war could hurt the global economy
The conflict raging in the Middle East will test the resilience of a global economy that has already contended with wars and trade disruptions over the past year.