Hormuz crisis spurs $24B Iraq trade corridor as Gulf routes shift

Rising Strait of Hormuz tensions fuel Iraq's $24 billion Development Road and other alternative Gulf-to-Europe trade routes, analyst says now.

Hormuz closure divides the fortunes of Middle Eastern oil states

The Strait of Hormuz's closure has handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment routes have lost billions of dollars, a Reuters analysis found.

Middle East tensions: Trump, Starmer call for 'urgent need' to restore shipping through Strait of Hormuz

Strait of Hormuz tensions: The two leaders, during a telephonic conversation, exchanged their views on wider developments in the West Asian region. The Strait of Hormuz, a significant chokepoint for global oil shipments,

US says it’s hunting for explosive mines in latest push to open the Strait of Hormuz

Sweeping for underwater explosives could take months despite a tenuous ceasefire between the United States and Iran in the weekslong war, experts say.

Sterling edges up vs dollar with Middle East, BoE in focus

By Stefano Rebaudo April 27 (Reuters) - Sterling edged up against the dollar on Monday as markets focused on geopolitics amid uncertainty over a possible U.S.-Iran deal that could reopen the Strait of Hormuz,

ECB and BOE to leave key rates unchanged as fate of Hormuz Strait remains unclear

Officials have indicated it would take some time before the economic impact of the war can be judged, and that hastening to make a call would be a mistake.

Middle East war as it happened: US-Iran talks at a ‘stalemate’ over Strait of Hormuz, negotiators say

Pakistani Prime Minister Shehbaz Sharif met Iranian speaker of parliament Mohammad Bagher Ghalibaf on Saturday before the talks with the US © via Reuters. US vice-president JD Va

All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz

The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, with only three vessels passing the waterway in the past 24 hours, shipping data showed. The Strait is considered the world's most important oil chokepoint and had been handling roughly one-fifth of the world's oil and liquefied natural gas supply before the U.

Strait of Hormuz is choking Bitcoin, not just oil. But there's a catch

"The conflict in the Middle East has highlighted the Strait of Hormuz as a single point of failure when it comes to getting oil, gas, and critical raw materials out of the Gulf region," Geraint John, Vice President of Research and Advisory of Zero100, told TheStreet Roundtable.