Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.
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Governments and energy companies move quickly to shield global oil supplies
Governments and energy producers are racing to protect global oil flows as risks rise around the Strait of Hormuz.
Iran war oil prices: Brent Crude rises as Strait of Hormuz supply threatens global markets
Oil prices surged after U.S. and Israeli strikes on Iran raised fears of Strait of Hormuz disruption, a chokepoint that carries about 20% of global crude supply.
U.S. trade deficit jumps 95% in November as imports outpace exports
The U.S. trade deficit nearly doubled in November, jumping 95% as imports rose faster than exports, highlighting renewed volatility tied to tariffs and shifting trade flows.