After Strait of Hormuz opens, turmoil would still last months, analysts say
Effective shutdown of key waterway could lead to permanent changes in how shipping industry does business.
![The vessel arrived at Cuba's largest supertanker and fuel storage port at daybreak [File: Norlys Perez/Reuters]](/wp-content/uploads/2026/03/2026-03-31T130326Z_575094210_RC2NFKA7LTWM_RTRMADP_3_CUBA-CRISIS-RUSSIA-OIL-1774966785.jpg?resize=770%2C513&quality=80)
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From: NewsFeed
Cuba waits for Russian oil tanker to arrive amid US blockade
After a US blockade, Cuba is waiting on the arrival of a sanctioned Russian tanker carrying thousands of barrels of oil.
Published On 30 Mar 2026
EXPLAINER
Trump wants to ‘take Iran’s oil’: Can he, and what would that mean?
Donald Trump says US forces could seize Iran’s oil export hub at Kharg Island as the war enters its second month.
Australia to halve fuel tax as global energy crisis deepens
Prime Minister Anthony Albanese announces the tax cut as the price of crude oil tops $116 a barrel.
Oil tops $116 a barrel as Iran accuses US of preparing invasion
Crude prices continue to climb as world faces its biggest energy crisis in decades.
![A worker collects engine oil as he works at a degassing station in the Zubair oilfield near Basra, Iraq, on March 28, 2026 [Leo Correa/AP]](/wp-content/uploads/2026/03/AP26087465268697-1774828127.jpg?resize=770%2C513&quality=80)
Philippine transport strikers say Marcos Jr failing to control oil prices
Transport workers call on Philippines President Marcos Jr to focus on price caps and reining in oil companies.
From: Inside Story
How important are the Gulf economies to the world?
Impact of US-Israeli war on Iran poses serious risks beyond energy sector.
Published On 27 Mar 2026
EXPLAINER
Saudi, UAE, Iraq: Can three pipelines help oil escape Strait of Hormuz?
Countries in the Middle East have ramped up oil exports via pipelines to bridge the Strait of Hormuz gap.
India lowers fuel taxes, says rumours of lockdown ‘completely false’
India, the world’s third biggest crude importer, announces measures amid shortages created by the Iran war.
Ukraine fends off increased attacks, strikes Russian oil revenue
Russia launches possible spring offensive, but makes no significant gains; Ukraine hits oil terminals in response.
The Strait of Hormuz is not just an oil chokepoint
It is the single point of failure of globalised production.
