Gold Tumbles as US Blockade of Hormuz Raises Inflationary Risks


Oil and natural gas prices surged, with President Donald Trump also saying the US will interdict any vessel that has paid a toll to Iran for safe passage through Hormuz, the maritime chokepoint that links the Persian Gulf to global markets. Before the war, a fifth of the world’s crude and liquefied natural gas passed through the strait.



Source link

  • Related Posts

    Takaichi Urges Constitutional Reform Talks as Hormuz Risk Looms

    Takaichi’s party holds a supermajority in the more powerful lower house. She remains popular among the public, with some polls showing her approval ratings still register over 70%. Still, she…

    Australia PM to Visit Brunei, Malaysia in Renewed Fuel Diplomacy

    Brunei supplies 9% of Australia’s diesel and 11% of its fertilizer-grade urea imports, while Australia is a key supplier of food and agricultural products to the sultanate, according to government…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Forza Horizon 6’s full map has finally been revealed, and while Tokyo doesn’t engulf half of it, I’m still seeing plenty of appealing asphalt spaghetti

    Forza Horizon 6’s full map has finally been revealed, and while Tokyo doesn’t engulf half of it, I’m still seeing plenty of appealing asphalt spaghetti

    WATCH: Pope Leo issues plea for peace amid US-Iran war

    WATCH:  Pope Leo issues plea for peace amid US-Iran war

    Rory McIlroy wins Masters to become fourth back-to-back champion | Golf News

    Rory McIlroy wins Masters to become fourth back-to-back champion | Golf News

    US Air Force Confronts Range Disadvantage For F-22 & F-35 Missiles Against China’s PL-15

    US Air Force Confronts Range Disadvantage For F-22 & F-35 Missiles Against China’s PL-15

    Today’s NYT Connections: Sports Edition Hints, Answers for April 13 #567

    Today’s NYT Connections: Sports Edition Hints, Answers for April 13 #567

    ‘I don’t make it easy’: How Rory McIlroy won back-to-back Masters

    ‘I don’t make it easy’: How Rory McIlroy won back-to-back Masters