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China strongly opposes the United Kingdom's nationalization of British Steel

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China strongly opposes the United Kingdom's nationalization of British Steel

Iran reveals targeted bridge sites hit by the U.S. and their strategic locations

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Iran reveals targeted bridge sites hit by the U.S. and their strategic locations

Japanese Parliament Passes Historic Amendment to Imperial Succession Law

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Japanese Parliament Passes Historic Amendment to Imperial Succession Law

Donald Trump attends the 2026 World Cup final and awards the trophy to the winner

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Donald Trump attends the 2026 World Cup final and awards the trophy to the winner

White House Issues Strong Messages to Iran: Details of New American Statements

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White House Issues Strong Messages to Iran: Details of New American Statements
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Hormuz Strait Energizes Global Energy Alert Amid Supply Crisis Warning

Hormuz Strait Energizes Global Energy Alert Amid Supply Crisis Warning

First, it is warned that continued closure of the Strait of Hormuz threatens the worst energy supply crisis, as about one-fifth of global oil shipments pass through it. The strait has remained nearly closed since the start of the war in February. The Director of the International Energy Agency clarified that global oil inventories, despite a temporary boost from reserves releases and diversification of sources, will not be sufficient if flow through the strait remains halted, especially considering that Asia depends on these shipments by 80-90%. Additionally, increased production in the United States has helped alleviate the situation, but it is not enough to permanently compensate for the closure of the strait. This places global economies, especially developing ones that heavily rely on imported oil, at significant risk, including rising health and social costs due to higher prices.

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