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Today’s Spotlight

Strait of hormuz
Global News

Hormuz oil shock echoes 1973 embargo lessons

Hormuz crisis exposed fragile energy system prompting nations to boost reserves diversify supplies and accelerate shift beyond oil reliance.

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FILE PHOTO: A coastguard boat approaches an Indian liquefied petroleum gas (LPG) carrier, Shivalik, as it arrives at Mundra Port via the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Gujarat, India, March 16, 2026. REUTERS/Amit Dave/File Photo
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IRAN
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FILE PHOTO: A Norwegian Coastal Corvette sails during the NATO Cold Response 2026 military exercise in the Ofotfjord in Arctic Norway, March 11, 2026. REUTERS/Bernadett Szabo/File Photo
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NATO allies promised Trump they’d secure the Arctic; they've got work to do
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Vessels in the Strait of Hormuz, Musandam, Oman, May 18, 2026. REUTERS TPX IMAGES OF THE DAY
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Iran conflict triggers global race to build oil reserves
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People walk past the Elizabeth Tower, commonly known as Big Ben, during the National Rejoin March IV organised by National Rejoin March (NRM), marking ten years since Britain voted to leave the European Union in 2016 and calling for closer cooperation between Britain and Europe, in London, Britain, June 20, 2026. REUTERS/Jack Taylor
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A decade of chaos: Britain prepares for seventh prime minister
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U.S. Vice President JD Vance speaks next to Pakistan's Prime Minister Shehbaz Sharif and Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani prior to a quadrilateral meeting between the United States, Iran, Pakistan and Qatar at the Burgenstock luxury hotel complex overlooking Lake Lucerne, Switzerland, on June 21, 2026. Fabrice Coffrini/Pool via REUTERS
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Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhosein Khorgooi/ISNA/WANA (West Asia News Agency) via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY
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Iran insists on right to control shipping in Strait of Hormuz after ship hit near Oman
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A general view of the U.S. Capitol building in Washington, D.C., U.S., May 12, 2026. REUTERS/Elizabeth Frantz
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Strait of hormuz
Global News
Hormuz oil shock echoes 1973 embargo lessons
5 hours ago
FILE PHOTO: BYD Dolphin Surf electric cars are parked infront of the venue where BYD carmaker holds a vehicle presentation event in Berlin, Germany May 21, 2025. REUTERS/Annegret Hilse/File Photo
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FILE PHOTO: A coastguard boat approaches an Indian liquefied petroleum gas (LPG) carrier, Shivalik, as it arrives at Mundra Port via the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Gujarat, India, March 16, 2026. REUTERS/Amit Dave/File Photo
Global News
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9 hours ago
61770263940_TBMarcoRubio.jpg
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IRAN
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People walk past the Elizabeth Tower, commonly known as Big Ben, during the National Rejoin March IV organised by National Rejoin March (NRM), marking ten years since Britain voted to leave the European Union in 2016 and calling for closer cooperation between Britain and Europe, in London, Britain, June 20, 2026. REUTERS/Jack Taylor
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U.S. Vice President JD Vance speaks next to Pakistan's Prime Minister Shehbaz Sharif and Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani prior to a quadrilateral meeting between the United States, Iran, Pakistan and Qatar at the Burgenstock luxury hotel complex overlooking Lake Lucerne, Switzerland, on June 21, 2026. Fabrice Coffrini/Pool via REUTERS
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