Roughly 20 million barrels per day of oil moved through Hormuz in 2024, equivalent to about one-fifth of global petroleum liquids consumption. When that waterway closed, oil prices spiked to $126 per barrel in what the U.S. Energy Information Administration has described as the largest supply disruption in global oil market history.
The first warning of such a crypto scam came from the Greek maritime risk management company MARISKS on April 20, according to Reuters. The company alerted shipowners that scammers posing as Iranian authorities had sent messages to shipping companies asking for 'transit fee' payments in bitcoin or tether.
The ongoing conflict in the Middle East and the uncertainty surrounding its duration continue to limit near-term visibility and drive consumer caution.
The ongoing conflict between the US and Israel against Iran is creating significant challenges for Gulf Arab nations, which are already feeling the economic strain from rising tensions and instability in the region.
Qatar's minister of state for foreign affairs, Mohammed bin Abdulaziz Al Khulaifi, speaks with Talk to Al Jazeera, as the Gulf faces its most dangerous escalation in years after coming under Iranian drone and missile attacks. Al Khulaifi condemns Iran's aggression, warns that attacks on energy infrastructure threaten global markets, and argues that Gulf security is inseparable from global stability.
Next weekend, the Super Bowl and opening ceremonies of the Winter Olympics will kick off a packed season for live sports. Advertisers and media buyers have been investing in these big-ticket events since last summer. But some marketers are thinking beyond February, to June - and amending their contingency plans should political events in the U.S. derail this summer's soccer World Cup.