The disruption in the Strait of Hormuz, a corridor for global oil flows, rapidly lifted crude prices and increased volatility in energy markets, inflation expectations and safe-haven assets. Summary: Iran’s Islamic Revolutionary Guard Corps (IRGC) says Arab or European countries that expel Israeli and U.S. ambassadors will be granted full freedom to transit the Strait of Hormuz. The statement was carried by Iranian state media and appear... [2615 chars]
2026 Copyright © News-Matic.com. All Rights Reserved
