Qatar is mediating a draft proposal to restart United States and Iran talks. This initiative aims to de-escalate current tensions and preve...

Gulf waterway traffic held steady as United States and Iran talks progressed ambiguously. Bab el-Mandeb strait saw unchanged vessel crossin...

Iran's high-ranking military advisor, Mohsen Rezaee, has dismissed US President Trump's statements about the potential reopening of the Str...

According to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, befo...

US Iran war: A Saudi crude tanker carrying 2 million barrels is headed to Sikka port where Reliance Industries receives most of his cride o...

Britain's economy may shrink in 2027 if the Strait of Hormuz closure continues. Forecasters predict a 0.2% contraction if the waterway rema...

Two large oil tankers exited the Strait of Hormuz on Friday, with traffic remaining thin. One vessel loaded Saudi crude and is anchored off...

A QatarEnergy LNG tanker exited the Strait of Hormuz, the first since July 11. Ship transits through the Hormuz waterway increased on Wedne...

Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to ...

Oil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impactin...

Oil prices surged significantly amid renewed Middle East airstrikes and supply concerns. U.S. crude inventories dropped to a multi-year low...

Thirty-seven commodity ships passed through the Bab el-Mandeb strait on Tuesday, a notable increase. Only a few vessels transited the Strai...

Iran has rejected Oman's proposal for joint management of the Strait of Hormuz. A senior Iranian official stated the plan has no chance of ...

Oman has proposed a regional management plan for the Strait of Hormuz. This plan suggests voluntary fees to cover operational costs and ser...

Brent crude futures were down $0.78, or 1%, at $88 a barrel, while US West Texas Intermediate crude fell $0.88, or 1.1%, to $82. Both bench...

Crude oil prices plunged more than 9% to $88 a barrel after the US paused strikes on Iran and Tehran signalled restraint, boosting hopes of...

Oil prices experienced a significant five percent decline on Monday. This drop occurred after the United States and Iran paused strikes ove...