Iran's standoff has moved into an active Hormuz crisis, with the G7 agreeing to release up to 100 million barrels of oil and diesel reserves as Western governments scramble to cush
Iran's standoff has moved into an active Hormuz crisis, with the G7 agreeing to release up to 100 million barrels of oil and diesel reserves as Western governments scramble to cushion supply disruption. Tehran's financial lifelines face fresh sanctions while its oil exports choke, even as Gulf rivals restore their own flow. Diplomatic signals remain murky, with an inspections-for-relief offer surfacing and being denied, leaving energy markets caught between emergency stockpile releases and escalation risk.
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