The capture of Mocha strengthens Houthi positions near Bab el-Mandeb, raising risks for Red Sea shipping and global energy markets.
The US is negotiating to restore an Iraq-Syria oil pipeline bypassing the Strait of Hormuz, involving Chevron and other firms, aiming to reduce Iran's regional influence.
The US and Iran agreed to halt attacks until June 30 ahead of talks to restore free navigation through the strategic Strait of Hormuz, impacting global oil markets.
US military strikes Iranian targets after attacks on commercial tankers near the Strait of Hormuz, escalating tensions that threaten critical global shipping lanes.
US strikes on Iran have prompted Tehran to close the Strait of Hormuz and launch retaliatory missile attacks, intensifying geopolitical risks in global energy supply chains.
The US Treasury has let temporary sanctions relief on Russian oil exports expire without extension, signaling a shift in energy sanctions policy amid geopolitical tensions.
Global oil reserves fell by a record 200 million barrels in April amid Middle East conflict and supply disruptions, signaling tightening markets and potential price hikes.
Oil prices surged after President Trump's threats to block Iran's oil exports via the Strait of Hormuz, raising geopolitical risks and affecting global energy markets.