Shipping industry – War Watch

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The strait of Hormuz: how could Iran close it and why does it matter to global trade?

ByGuardian staff and agencies June 23, 2025June 23, 2025

Iran’s parliament approved a measure to close the vital global trade route, through which more than a fifth of the world’s oil supply passes through dailyTrump floats regime change in Iran – follow it livePresident Donald Trump’s unprecedented decision…

Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Energy industry | Gaza | International trade | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Palestinian territories | Petrol prices | Shell | Shipping industry | US foreign policy

Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates

ByLauren Almeida June 19, 2025

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan• Business live – latest updatesAn escalation in the Middle East conflict could have a “huge impact on global trade”, the boss of the…