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Saturday, January 17, 2026

Tag: global oil prices

Iran Threat to Close Strait of Hormuz Risks Global Oil Price Spike

Iran's threat to shut the vital Strait of Hormuz, a channel for 20% of world oil, could disrupt supplies and raise energy prices amid tensions with the West.

U.S. Sanctions Russian Oil Giants, India to Cut Crude Imports

New U.S. sanctions target Russia's Rosneft and Lukoil, prompting Indian refiners to slash crude purchases as global oil prices rise 3%.