Energy

Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz - Al Jazeera

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DW NOTE

Trump just rejected Iran's offer to reopen the Strait — so the closure that cut global oil supply by 6% and pushed prices past $90 continues indefinitely. Iran shut it three months ago claiming ceasefire violations, then offered terms Washington won't accept. Every day it stays closed defers Gulf production recovery further into 2027.

Read the full story at Al Jazeera →

The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz - Al Jazeera

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