Crude oil prices have crossed $100 a barrel amid the ongoing Iran war, with Brent crude hitting $119, the highest since July 2022.
Tag: Strait of Hormuz
Dp world activates contingency plans amid West Asia conflict
DP World has initiated contingency plans to reroute cargo through alternative ports in response to escalating tensions in West Asia. The move aims to safeguard maritime transit.
Iran hormuz strait
Tensions in the Iran Hormuz Strait have escalated, impacting global oil shipments and maritime activity. Iran has denied closing the strait amidst ongoing conflict.