Saudi Arabia, UAE, Qatar and Gulf Allies on Alert as Strait of Hormuz Shutdown Sends Oil Prices Soaring and Threatens Global Travel
A renewed shutdown of the Strait of Hormuz has placed Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Oman, Kuwait and wider global markets on high alert, after the strategic waterway’s closure triggered fears of severe energy disruption, rising oil prices and fresh instability in global trade. The route is one of the most important […]