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GULF OIL SHIPMENTS
Strait of Hormuz to stay shut until US ends naval blockade: Iranian FM spokespersonIran stated the Strait of Hormuz will not reopen until the US halts its naval blockade. Foreign Ministry spokesperson Esmaeil Baghaei attri...- Iran says Hormuz deal with Oman close, but strait reopening hinges on US concessionsIran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongo...
- Trump's Iran dilemma: He's stuck in war with no exit in sightPresident Trump faces difficult choices in the ongoing Iran conflict. He is caught between granting Iran control of the Strait of Hormuz or...
- Oil slips, heads for weekly loss as Hormuz deal uncertainty persistsOil prices declined as investors weighed prospects of reopening the Strait of Hormuz against persistent geopolitical risks. Markets also aw...
- Saudi Arabia, Turkey and Pakistan sign joint defence deal amid regional turmoilSaudi Arabia, Pakistan, and Turkey signed a joint defense pact in Mecca. This agreement aims to strengthen collective deterrence against ag...
- Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer pricesThe escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in fre...
- Iran weighs fines up to 20%, vessel ban for ‘hostile’ ships in HormuzIran's parliament is reviewing a bill to restrict hostile vessels in the Strait of Hormuz. Violators could face significant fines on their ...
- Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s whyOil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and impo...
- Brent crude tops $80 per barrel as Hormuz talks, tanker attacks keep supply risks highOil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent top...
- Proposed Hormuz deal would give Iran control of inbound traffic, sources sayA proposed Iran-Oman deal would grant Tehran control over ships entering the Strait of Hormuz. Important details remain to be agreed upon r...
- India may charge gas users to fund planned $42 billion fuel reserves, sources sayIndia is considering levies on cooking gas and natural gas consumers to fund a proposed $42 billion multi-fuel strategic reserve programme ...
- Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil pricesSaudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset low...
- Global Market: Goldman Sachs sees Brent crude trading at $80-$90 until Iran conflict outlook clearsGoldman Sachs forecasts Brent crude prices between $80 and $90 per barrel. This range persists until clarity emerges on US-Iran nuclear tal...
- Status of US-Iran talks uncertain as ship struck in Strait of HormuzUS-Iran war news: Confusion reigns as the United States and Iran send mixed messages about their negotiating status. President Trump insist...
- Oil Price Today (August 4): Crude oil nears $85 as peace talks uncertainty loom after fresh attacks. What are experts saying?Oil prices saw a slight increase on Tuesday after significant Monday losses. Supply risks in the Middle East resurfaced as diplomatic hopes...
- Oil ticks up after selloff as talks to end US-Iran war remain uncertainOil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tension...
- "Nothing will get through unless total surrender accomplished": US President Trump lambasts IranPresident Trump criticized Iran's leadership for perceived duplicity regarding negotiations with the United States. He asserted US Navy con...
- Trump's closest Gulf allies are frustrated with his Iran war strategy: ReportGulf nations are frustrated by the lack of a clear US strategy against Iran, fearing further strikes on their energy facilities. While the ...
- Hormuz oil shuttling trade is picking up again after lullProducers are using their own vessels or fixed contracts to ensure oil delivery. This activity is crucial for global oil markets, which rel...
- Russia crude prices swing wildly amid Iran warThe landscape of Russian crude prices for Indian refiners has seen considerable volatility influenced by the Iran war. Initially, discounts...
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