Even as diplomatic efforts between Iran and the United States gain momentum, a serious maritime risk continues to loom over the Strait of Hormuz. Reports suggest that Iran is currently unable to completely restore safe passage through the crucial shipping lane due to unresolved issues related to sea mines deployed during recent hostilities. According to […]
The Impressive Times
New York, April 8: Global oil prices witnessed a sharp decline while stock markets surged after the United States and Iran agreed to a temporary ceasefire that includes reopening of the strategically vital Strait of Hormuz. Crude oil prices dropped dramatically by around 14 percent, falling below the 100 dollar per barrel mark, marking one […]
The Impressive Times
