US military strikes on Iran escalate after attacks in the Strait of Hormuz, closing this key oil export route and raising global economic risks.
The US ends its blockade of the Strait of Hormuz under Trump’s directive, opening a 60-day negotiation period with Iran and easing tensions in global oil markets.
Pakistan announces the immediate reopening of the Strait of Hormuz following a US-Iran memorandum, signaling a major shift with global economic implications.
The UAE has secretly conducted military strikes against Iran, marking a strategic shift amid rising Gulf tensions that impact regional stability and global economic interests.
Global oil inventories fell by a record 200 million barrels in April amid Middle East conflicts, pushing reserves to an eight-year low and signaling potential price hikes.
Iran’s missile and drone attacks on the UAE challenge the US-Iran ceasefire, raising risks for regional stability and global energy security.