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STRAIT OF HORMUZ DISRUPTIONS
Oil prices drop more than $1 as hopes for Iran, Ukraine peace talks pressure marketsOil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine wars pressured...
Trump's Iran war pause is as costly as new strikesGulf energy producers are facing higher operational costs due to the ongoing conflict with Iran. While crude oil exports have shown a recov...
Liberian-flagged tanker carrying six Indian seafarers hit by projectile in Persian Gulf while sailing towards DubaiA Liberian-flagged oil tanker carrying six Indian seafarers was hit by a projectile while travelling through the Persian Gulf on Tuesday, l...
Hormuz LNG traffic hits highest in October since Iran war beganOctober exports were the highest since February when the war started and were up from September's corresponding tally of 23 vessels exiting...
Oil falls as Trump downplays prospect of escalation with IranOil prices fell due to President Trump's announcement regarding US military action against Iran, easing supply concerns. Brent crude future...
India’s LNG buyers eye flexi deals to cut risks after Iran war hit Qatar supplyIndian LNG buyers are seeking more flexible long-term supply contracts after the Iran war disrupted shipments through the Strait of Hormuz ...
IOC to buy crude, LPG ships as West Asia crisis exposes shipping risksThe move marks a potential shift in the company's shipping strategy, which has traditionally relied on a mix of time-charter and voyage-cha...
56% of global business leaders expect disruptions to severely hit operations: KPMGA recent KPMG International report indicates that 56 percent of global business leaders anticipate severe disruptions affecting operations....
Iraq reaches US understanding to resume oil exports through Strait of Hormuz, says foreign ministerIraq has reached an understanding with the US to allow its oil exports through the Strait of Hormuz using a shipping lane near Oman, Foreig...
56% of global business leaders expect disruptions to severely hit operations: KPMGA recent KPMG International report indicates that 56 percent of global business leaders anticipate severe disruptions affecting operations....
Global gas supplies could tighten in winter amid unprecedented Strait of Hormuz supply shock: IEAGlobal natural gas supplies could tighten further during the 2026-27 winter heating season, as disruptions to trade flows through the Strai...
India's natural gas demand to decline 2% in 2026 despite 10% rise in LNG imports: IEAThe trend highlights the challenges facing India's gas market as disruptions to global LNG supplies through the Strait of Hormuz and elevat...
US midterm elections: Crude cools, but Iran war risks keeps markets guessingOil prices are expected to stay elevated amid President Trump's weakened political position after the midterms. Uncertainties regarding the...
US Iran war: UAE plans third crude oil pipeline to avoid Strait of HormuzThe United Arab Emirates is planning to construct a third oil-export pipeline to minimize reliance on the Strait of Hormuz. This new pipeli...
India to host IORA foreign ministers amid Gulf energy supply concernsIndia plans to host foreign ministers from various Indian Ocean Region countries later this month. The meeting will occur amid ongoing ener...
Why are oil prices down today? Brent Crude futures drop by 5.9%. Here's the latest priceOil prices have fallen by 5.9% due to diplomatic talks between Iranian and Qatari officials. The hopes of a deal to end the US-Israeli war ...
Tanker in Strait of Hormuz hit by explosives attached to small boat, UKMTO saysA tanker in the Strait of Hormuz was hit by a small boat carrying two explosive devices on Thursday, triggering a fire in its engine room a...