Russia and China Veto UN resolution on Strait of Hormuz

In a move that has sent shockwaves through global energy markets, Russia and China have officially vetoed a UN Security Council resolution aimed at de-escalating the crisis in the Strait of Hormuz.

Despite a majority of council members voting in favor, the double veto blocks international efforts to reopen the world’s most vital oil artery. With one-fifth of the global oil supply at stake and regional tensions reaching a breaking point, the diplomatic deadlock leaves the door open for further escalation. Markets are bracing for impact as the threat of an extended blockade looms over the global economy.