Brent Oil Price Tops $100 After Iran's Strait of Hormuz Threat

Brent crude oil price exceeded $100 per barrel again on Thursday after the new Iranian Supreme Leader stated the need to keep the Strait of Hormuz closed. This event has caused concern in global energy markets. The Strait of Hormuz is a key route for oil transportation. Iran has previously threatened to block this vital waterway. Experts believe that such a situation could lead to a new surge in fuel prices. Iranian authorities have not yet specified when the strait might be blocked.

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2026-03-12T22:55:03+00:00

Iran Announces Mining of Strait of Hormuz

Tehran confirmed on Thursday its decision to mine the Strait of Hormuz, causing concern globally. Iranian authorities stated this is a response to Western pressure. Experts warn of the risk of conflict escalation in the region.

Politics Economy Country

2026-03-12T19:52:10+00:00

Iran Denies Mining Strait of Hormuz

Iran's Deputy Foreign Minister refuted US accusations of laying naval mines in the strategically important Strait of Hormuz, emphasizing that Tehran does not engage in such activities.

Politics Economy Country

2026-03-12T19:39:15+00:00

Shipping in Arabian Gulf Nears Halt Amid War with Iran

'Bloomberg' reports significant changes in the Arabian Gulf shipping map. Maritime traffic through the strategic Strait of Hormuz is nearing a complete halt due to the ongoing war with Iran.

Economy Politics Country

2026-03-12T16:18:58+00:00

Energy Security Threatened by Conflict in the Strait of Hormuz

Since the outbreak of war in Iran and its aggression in the region, securing energy supplies has become the top priority for countries worldwide. The Strait of Hormuz, through which 20% of the world's oil and gas is transported, is at the center of this crisis.