Nuran Erkul Kaya 07 June 2026•Update: 07 June 2026 The global economy and trade growth is expected to massively slow down this year amid disruptions in the Strait of Hormuz affecting oil, natural gas, and fertilizer supplies over the past near-100 days since the US-Israel war with Iran began on Feb. 28. The armed conflict…
49 US-Israel-Iran war tensions have risen again after recent reports claimed that Iran might be charging ships that is passing the Strait of Hormuz millions of dollars. The narrow waterway is one of the world’s most important oil shipping routes, and any disruption or added cost in the region quickly raises global concern. The latest…
The Strait of Hormuz, a key chokepoint for global maritime trade, handled nearly 1,000 ships in the 100 days since the US-Israel-Iran war broke out in the region, marking a figure that the waterway would have seen in only a week under normal conditions, Anadolu reports. The Strait of Hormuz is a narrow waterway at…
Turkish diplomatic sources say ministers will discuss existing cooperation, priorities for next phase of joint work By Can Efesoy and Esra Tekin ANKARA/ISTANBUL (AA) – Turkish Foreign Minister Hakan Fidan will host the 10th Türkiye-Azerbaijan-Georgia Trilateral Foreign Ministers’ Meeting in Istanbul on Monday, according to diplomatic sources on Sunday. The meeting will bring together Azerbaijani…
The global economy and trade growth is expected to massively slow down this year amid disruptions in the Strait of Hormuz affecting oil, natural gas, and fertilizer supplies over the past near-100 days since the US-Israel war with Iran began on Feb. 28, Anadolu reports. The armed conflict in the Middle East has led to…
Iran has threatened to block the Strait of Hormuz and escalate tensions in the Bab al-Mandab region after suspending indirect talks with the US amid rising conflict involving Israel and Lebanon. Updated : 1 June 2026, 9:04 PM IST Iran threatens full Hormuz blockade (Img: Internet) Tehran: Iran has issued a renewed threat to block…
Tensions rise as US shoots down Iranian drones over Strait of Hormuz, while Israel continues its attacks on Lebanon. Published On 7 Jun 20267 Jun 2026 The United States Central Command (CENTCOM) said it shot down a pair of Iranian drones threatening the Strait of Hormuz, escalating tensions as Pakistan’s Interior Minister Mohsin Naqvi landed…
[BAKU] As Israel’s gas exports to Egypt and Jordan have stopped and restarted three times since October 2023, Azerbaijan’s state oil company, known as SOCAR, has moved into every layer of Israel’s energy business at once. SOCAR now runs the largest new exploration zone in Israeli waters, holds 10% of the Tamar gas field, ships…
## Market Snapshot In the “Iran Military Action Against Neighbors” market, pricing suggests increased likelihood of a YES outcome due to the recent drone strike incident. The “Strait of Hormuz Traffic Normalization” market shows a significant decrease in the likelihood of a YES outcome, currently priced at 18.5% YES, down from previous levels. ## Key…
Syria is moving quickly to reenable its transport sector through a series of agreements and talks on cooperation with Arab and international parties, as part of efforts to turn the country into a link between the Arabian Gulf and Europe through its territory. But the reality presents a fast-moving competitive scene in regional transport, where…
