Dossier
Iranian authority regulating the waterway
Coverage of Iranian authority regulating the waterway in the Nexus archive.
- Oil prices rise, stocks fall over Hormuz deadlock
Oil prices rose and stocks fell as tensions over the Strait of Hormuz escalated, with Iran firing warning shots at ships and the US imposing sanctions on an Iranian authority. US President Donald Trump threatened military action against Oman if it collaborated with Iran, leading to reduced ship traffic and economists predicting sustained high oil prices.