Iran's Revolutionary Guards warned on Saturday that no vessel would be allowed to pass through the Strait of Hormuz, a chokepoint through which nearly a fifth of the world’s oil supply passes.
At least three tankers were damaged off the Gulf coast after US and Israeli strikes on Iran triggered Iranian retaliation that put merchant ships at risk of collateral damage, Reuters said quoting shipping sources and officials.
The Middle East’s shifting energy landscape is reshaping priorities around energy security, infrastructure resilience and local manufacturing, creating significant opportunities for regional industries and supply chains, Hessam Saroukhani, Managing Director of Pressbolt Middle East, tells OGN
