#iran-oman-tensions

#iran-oman-tensions

Roughly 20 million barrels per day of oil moved through Hormuz in 2024, equivalent to about one-fifth of global petroleum liquids consumption. When that waterway closed, oil prices spiked to $126 per barrel in what the U.S. Energy Information Administration has described as the largest supply disruption in global oil market history.

The first warning of such a crypto scam came from the Greek maritime risk management company MARISKS on April 20, according to Reuters. The company alerted shipowners that scammers posing as Iranian authorities had sent messages to shipping companies asking for 'transit fee' payments in bitcoin or tether.

We could provide mine-clearance vessels we are good at that, Merz said, adding that a sound legal basis would be needed for such an intervention.

Pharmacists have noted a spike in the price of medicines and contraceptives like condoms, as a result of the war. In the United Kingdom, pharmacies are charging 20 to 30 percent more for over-the-counter medicines, and the common painkiller paracetamol has more than quadrupled in price.

U.S. average gasoline prices may not return to pre-Iran war levels under $3-per-gallon until next year, Energy Secretary Chris Wright said Sunday morning. But prices have likely peaked, and they'll start going down, certainly with a resolution of this conflict, you'll see prices go down.

The Treasury Department posted the license on its website late Friday, allowing countries to purchase Russian oil loaded on vessels from Friday through May 16.