Strait of Hormuz
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President: Persian Gulf is a vital artery of global energy
SHANA (Tehran) – President Masoud Pezeshkian, in a message marking National Persian Gulf Day, emphasized Iran’s undeniable role in safeguarding international energy security and said efforts by Iran’s adversaries to restrict maritime trade routes are doomed to fail.
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Leader: Iran to determine ‘new legal rules’ in Strait of Hormuz
SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Mojtaba Khamenei declared the dawn of a "new chapter" for the strategic waterway, stating that Iran will implement new management rules over the Strait of Hormuz following recent US-Zionist regime aggression against the country.
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OPEC oil tops $142, doubling since start of Ramadan War
SHANA (Tehran) - The price of OPEC’s oil basket climbed above $142 per barrel last week, marking more than a 100% increase since the start of the Ramadan War.
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OPEC Oil Basket jumps 71%, surges $50 amid Ramadan War escalation
SHANA (Tehran) - The price of OPEC’s oil basket (ORB) has surged more than 71%, reaching $120.86 per barrel amid heightened conflict during the imposed Ramadan War.
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US-Iran tensions ring alarm bell for world energy security
SHANA (Tehran) – A faculty member at the Institute for International Energy Studies says geopolitical tensions in the Persian Gulf pose a serious risk to global oil prices in the short term and will push consumer countries toward energy independence through the development of unconventional reserves and renewable sources in the long term.
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Will the oil market ignite if attacks on Iran continue?
SHANA (Tehran) – A former head of oil studies at the Organization of the Petroleum Exporting Countries says a prolonged closure of the Strait of Hormuz would inflict serious economic damage on oil-consuming nations, while potentially spurring new global investment in oil projects.
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Fate of black gold: All eyes on the Persian Gulf
SHANA (Tehran) – An energy market analyst said the oil market has been roiled by the US-Israeli attack on Iran, with all attention now focused on the Persian Gulf region and the Strait of Hormuz, through which 21 million barrels of oil and one-fifth of the world's liquefied petroleum gas pass daily.