By Tom Bowman The administration has announced a new military strategy designed to open up the Strait of Hormuz to commercial shipping, but it’s unclear if this will break Iran’s grip on the key waterway. Source:: https://www.npr.org/2026/05/05/nx-s1-5812487/u-s-says-its-made-hormuz-safe-for-commercial-shipping-but-standoff-hasnt-changed
Tag: Iran
By syzejna Oil prices fell slightly on Monday after US President Donald Trump said the US would help ships stuck in the Strait of Hormuz, although the lack of a peace deal with Iran still keeps the market above $100 a barrel. Brent crude fell six cents to $108.11 a barrel, while US WTI crude […]