France and the UK will host a global conference with over 40 countries to develop a plan to restore safe navigation in the Strait of Hormuz. The move comes amid rising tensions, failed US-Iran talks, and growing concerns over global oil supply disruptions

A reported US blockade of Iranian ports and rising tensions around the Strait of Hormuz could disrupt global oil supplies by blocking Iranian exports and pushing crude prices higher. Analysts warn this may also impact LPG shipments to countries like India and increase overall energy market volatility