globaloilcrisis

Iranian politician Mohammad Bagher Ghalibaf w@rned that regional energy exports and infrastructure would not remain secure if Iran is prevented from selling its oil.

He argued that Tehran's security is directly linked to stability in the region, adding that the Strait of Hormuz would not return to its previous conditions without changes to the current security situation.

His remarks come amid heightened tens!ons involving Iran, the United States, and maritime security, raising fresh concerns about global oil supplies and shipping routes through one of the world's most cr!tical energy corridors.

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Oil price rises above $120 after reports of 'extended' Iran blockade
The global benchmark oil price, Brent crude, rose above $120 (£89) a barrel on Wednesday, briefly hitting $122, its highest price since 2022.
💥Chevron chief executive Mike Wirth met US President Donald Trump at the White House on Tuesday to discuss how to limit the fallout from the conflict on American consumers.
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Oil traders appear to have taken the meeting as a sign the effective closure of the Strait of Hormuz will continue for a long time.

The executives discussed topics including domestic energy production, progress in Venezuela, oil futures, natural gas, and shipping, according to a White House official.
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