US forces redirect 42nd vessel in blockade of Iranian oil
Updated
Updated · DW (English) · Apr 30
US forces redirect 42nd vessel in blockade of Iranian oil
9 articles · Updated · DW (English) · Apr 30
Centcom said 41 tankers carrying 69 million barrels, worth more than $6bn, are now stuck from Iranian ports as Admiral Brad Cooper prepared to brief President Donald Trump.
Iranian President Masoud Pezeshkian called the blockade illegal and doomed to fail, while Mojtaba Khamenei signalled Iran would retain its nuclear programme and seek new Strait of Hormuz management.
Brent crude fell back to about $110 after briefly topping $120, as Germany urged Tehran to negotiate and the ECB and IEA warned the conflict was intensifying inflation and energy risks.
Could 'short and powerful' US strikes on Iran compel negotiations, or would they ignite an uncontrollable regional war?
With the UAE exiting OPEC, is the era of oil cartels controlling global energy prices finally coming to an end?
As a single strait's closure creates the biggest energy crisis in history, how vulnerable is the entire global economy?