EXPLAINER
Iran threatens Bab al-Mandeb closure: How would that affect world trade?
If the chokepoint were shut, along with the Strait of Hormuz, a quarter of the world’s energy supply would be blocked.
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From: NewsFeed
Oil shock triggers global price spikes as Iran war drags on
Fuel shocks from the US-Israel war on Iran are rippling worldwide, as Strait of Hormuz disruptions push prices higher.
Published On 2 Apr 2026
From: NewsFeed
Iran says army forces are ready to repel US-Israeli attacks
Iran says it is ready to counter any US-Israeli attacks, insisting its military capabilities remain intact.
Published On 2 Apr 2026
Russia sending second ship with oil to Cuba amid US blockade
Announcement comes days after Russian tanker brought some 700,000 barrels of crude to Cuba in response to energy crisis.
From: Counting the Cost
Can Russia help fill the global energy gap?
Higher crude prices due to the disruption in the Strait of Hormuz have helped Russia earn more from energy exports.
Published On 2 Apr 2026
UK-led coalition of 40 countries vows action on Hormuz Strait closure
UK Foreign Secretary Yvette Cooper accused Iran of blockading the waterway ‘to hold the global economy hostage’.
Oil price surges, Asian stocks fall as Trump vows to continue Iran attacks
Asian stocks also took a hit after Trump’s speech as most Southeast Asian countries rely heavily on oil imports.
EXPLAINER
Trump’s primetime speech on Iran war: Key takeaways
US president says Washington is ‘getting very close’ to achieving goals as he promises to bomb Iran into ‘Stone Ages’.
UK to host meeting of 35 countries on reopening Strait of Hormuz
Before talks with 35 countries, UK Prime Minister Keir Starmer says reopening strait ‘will not be easy’.
From: Counting the Cost
What can nations do to make up for the ongoing energy shortfall?
The Middle East conflict has cut off 20 percent of the world’s fuel supply. Countries are scrambling for alternatives.
Published On 1 Apr 2026
Russia says will continue helping Cuba after first oil shipment arrives
Foreign ministry spokeswoman Maria Zakharova also called on the US to lift its energy blockade on the island nation.
