Articles tagged with "Strait of Hormuz Crisis"

5 articles found

People crowd a marketplace with shops selling Pakistan's national flags and other items ahead of the country's Independence Day celebrations in Lahore on August 10, 2025. (AFP)

How Pakistan weathered Hormuz shutdown without breaking IMF fiscal commitments

Pakistan responds to the Strait of Hormuz shutdown with austerity instead of fuel subsidies, relying on emergency conservation measures, expanding solar capacity and diplomacy to navigate a global energy crisis while remaining within IMF fiscal commitments.

July 1, 2026

A man walks next to an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on June 18, 2026. (Photo by Kazuhiro NOGI / AFP)

Oil prices sink further as Trump signs deal to reopen Hormuz

Oil prices extend their decline as the US-Iran peace deal and the planned reopening of the Strait of Hormuz ease energy supply fears, though markets remain cautious amid expectations of further Federal Reserve interest rate hikes.

June 18, 2026

Middle East roundup, May 29: Trump to make ‘final determination’ on Iran peace deal

Says making a 'final determination' on a potential agreement with Iran, outlining conditions he says must be met before a deal can move forward; earlier, Trump said Iran must agree that they will never have a nuclear weapon or bomb and that the Strait of Hormuz must be reopened immediately for unrestricted shipping traffic without tolls

May 29, 2026

Day 69: All you need to know about US-Israel war on Iran

Iranian state TV reports explosions on the Strait of Hormuz island during ‘exchange of fire’; Oil prices tumble five percent after US President Donald Trump says once again that an agreement could be near following positive talks, and Iran says it would pass on its latest position to the mediator, Pakistan.

May 7, 2026

Crisis pays: BP posts first quarter $3.2B profit

British Petroleum (BP) posted $3.2 billion in quarterly profit as oil volatility from the Iran war and Hormuz crisis boosted trading earnings, despite disrupted shipments, rising debt and consumer cost concerns.

April 30, 2026