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Crude climbs over $1 after Iran says Strait of Hormuz is shut following fresh U.S. strikes
Oil prices rose by more than $1 after Iran said the Strait of Hormuz was closed following additional U.S. strikes on Iranian cities. The move raised concerns over Middle East supply flows, while the U.S. Energy Information Administration said lower 2026 demand could limit the impact of disruption on prices.
Geopolitics & Trade · 3 hours agoU.S. expands strikes on Iran as Trump warns of more action if no agreement is reached
The United States launched a second round of airstrikes on Iran early Thursday after Trump said additional attacks could follow if Tehran does not accept a deal. Iran responded with strikes toward Bahrain, Kuwait and Jordan, while negotiations remained unresolved and oil prices rose amid Strait of Hormuz tensions.
Geopolitics & Trade · 21 hours agoU.S. says fighter jets struck Iranian radar and air defense sites after Army helicopter incident near Hormuz
The U.S. military said it carried out strikes on Iranian air defense, ground-control and surveillance radar sites near the Strait of Hormuz after a U.S. Army Apache went down off Oman. Two crew members were rescued and were in stable condition. Iranian media reported explosions in Qeshm, Sirik, Bandar Abbas and near Jask.
Geopolitics & Trade · 2 days agoPentagon updates China military-linked firms list, reinstating Alibaba, Baidu and BYD
The U.S. Defense Department on Monday published an updated list of companies it identifies as Chinese military companies, including Alibaba, Baidu and BYD. The update replaces an earlier list from early 2025. Placement on the list can restrict access to U.S. defense contracts and related procurement activities.