Strait of Hormuz closure

Total:4

  • Page 4 2026-05-24 15:10

    Strait of Hormuz closure sets stage for global food price shock

    TEHRAN- The Food and Agriculture Organization (FAO) warns that the fallout of war on Iran could push millions in the world into hunger within a year.

  • Page 4 2026-05-23 13:23

    How war on Iran affects world economy beyond energy

    TEHRAN – Official data released Thursday reveals that Japanese vehicle exports to West Asia collapsed by more than 90 percent in April, both in value and volume, as the ongoing U.S.-Israeli war against Iran crippled maritime shipping to a region that major automakers such as Toyota and Nissan have long relied upon.

  • Page 4 2026-05-22 14:36

    Strait of Hormuz closure shakes Europe: Oil price forecast soars 46%

    TEHRAN – The European Commission has issued a stark warning that the effective closure of the Strait of Hormuz – triggered by the ongoing war in West Asia – will drive Brent crude prices to an average of $91.2 per barrel in 2026, a staggering 46% jump from previous estimates. The revised forecast, published Thursday in the EU’s Spring 2026 Economic Outlook, signals what officials call the most severe energy shock to hit Europe since the Russia-Ukraine conflict.

  • Page 4 2026-05-05 10:30

    Chabahar Port's capacity should be utilized to replace trade route in south

    TEHRAN- An expert in global markets has stated that under current circumstances, due to the blockade in the south, the existing capacities of Chabahar Port, northern ports, and rail routes to Central Asian countries can be utilized for trade.