Hormuz Crisis Exposes Global Oil Risks

Hormuz Crisis Exposes Global Oil Risks

Strait of Hormuz handles about 20 million barrels of oil daily. Asian economies receive over 80% of oil passing through strait. China holds about 1.2 billion barrels in strategic reserves. Global oil demand remains above 100 million barrels per day. The most recent outbreak of the conflict in the Gulf region has shown once again…

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Iran Threatens Energy Sites After Kharg Strike

Iran Threatens Energy Sites After Kharg Strike

Iran warns attacks on its energy sites will trigger strikes. U.S. forces bomb Kharg Island, Iran’s main crude export hub. Iran says Strait of Hormuz open except for U.S., Israeli ships. Debris from intercepted drone sparks fire at UAE Fujairah port. Iran issued its sharpest economic threat yet on Saturday, warning that any attack on…

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Person Who Rammed Car into Detroit Synagogue and Preschool and Opened Fire Shot Dead by Cops as Large Cache of Explosives Is Found in His Vehicle

Person Who Rammed Car into Detroit Synagogue and Preschool and Opened Fire Shot Dead by Cops as Large Cache of Explosives Is Found in His Vehicle

The person who intentionally rammed a vehicle into the entrance of a school at a Jewish synagogue in Michigan has died after a massive police response, during which gunfire was reportedly heard. Police confirmed that the shooter is dead and that no one else was injured in the incident. However, the suspect’s identity hasn’t been…

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US to Blame for Strike on Iran Girls’ School that Killed 175, Pentagon Report Reveals after Trump Blamed Tehran for Deadly Attack

US to Blame for Strike on Iran Girls’ School that Killed 175, Pentagon Report Reveals after Trump Blamed Tehran for Deadly Attack

A preliminary U.S. military investigation has concluded that American forces were responsible for the missile strike on an elementary school in Iran, killing around 175 people — majority of them children. Trump had earlier accused Iran of bombing a school filled with young girls using an American Tomahawk missile on February 28, the first day…

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