Total:2
-
2026-05-10 15:25
World economy edges toward crisis as Iran standoff drains oil supplies
TEHRAN- The global economy is moving into dangerous territory as the two-month conflict between the United States and Iran continues to choke oil shipments through the Strait of Hormuz, according to an analysis published on Saturday by The Globe and Mail.
-
2026-05-05 10:26
‘Oil supply shock with Iran's control of Strait of Hormuz, depletion of US reserves’
TEHRAN- In one of the most tense periods in the history of the energy market, Iran's authority in the Strait of Hormuz and the unprecedented crisis in US oil reserves have plunged the world into a new era of supply shock.