Finance News – Persian Gulf

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CNBC Business • Jun 23, 2025

Shipping groups avoid the Strait of Hormuz to reduce exposure after U.S. strikes on Iran

Shipping companies are rerouting vessels to circumvent a key maritime passage, potentially increasing transit times and operational costs, reflecting concerns about regional securi...

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CNBC Business • Jun 23, 2025

Iran’s parliament backs blocking Strait of Hormuz. Its closure will alienate Tehran further

The potential closure of this critical maritime passage could disrupt a significant portion of global oil shipments, leading to increased energy costs and heightened market instabi...

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