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STRAIT OF HORMUZ OIL TANKER ATTACK
Oil prices rise as latest fighting resurrects Middle East supply disruption risksOn Tuesday, oil prices surged as concerns over supply disruptions arose due to escalating conflicts in the Middle East. Both Brent crude fu...
Vessels crossing Strait of Hormuz drop to 5 per day over weekendOn Friday, 14 vessels passed the strait including a very large crude carrier laden with 2 million barrels of Qatari oil that exited with it...
Oil Price Today (August 31): Crude oil reclaims $90 as fresh US attacks dim peace deal hopes. What are experts saying?U.S. forces on Sunday struck two launchers on Iran's Larak island in the Strait of Hormuz. It was the first known American strike on the Gu...
Oil jumps more than 1% after US attack on Iran's Larak islandBrent crude futures climbed $1.08, or 1.23%, to $89.18 a barrel as at 0040 GMT while U.S. West Texas Intermediate crude was at $84.32, up 9...
Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off OmanIraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz ...
Qatar PM to visit Tehran to pursue mediation effortsQatar’s prime minister is visiting Tehran to revive diplomacy between Iran and the United States as sanctions intensify and negotiations ov...
Some Indian refiners, a global energy major plan to avoid Iran-blacklisted ships amid Hormuz riskIndian refiners and a global energy major will avoid Iran's blacklisted ships. This decision stems from security concerns over vessels cros...
US shifts Iran war strategy from fresh strikes to sanctions as Trump seeks to squeeze Tehran: ReportThe United States is implementing economic sanctions alongside a naval blockade aimed at Iran. These new measures specifically target coope...
$20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO saysShipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...
UKMTO says tanker struck by unknown projectile off Saudi Arabia's YanbuA tanker sustained damage from an unknown projectile near Saudi Arabia's Yanbu port. The vessel experienced a fire on its main deck, but al...
Iran allowed Iraqi tankers to pass through Hormuz Strait: state mediaTehran has allowed Iraqi oil tankers passage through the Strait of Hormuz. This decision follows repeated requests from Baghdad over the pa...
Iran says it controls Hormuz, but the ships tell a different storyShipping data indicates most vessels now use the Omani route through the Strait of Hormuz. This route is a UN-authorized channel which Iran...
Oil Price Today (August 19): Crude oil nears $92/barrel as Trump claims US in no talks with Iran. What lies ahead?Crude oil prices edged closer to $92 a barrel on August 19 as escalating Middle East tensions and diplomatic stalemates between the US and ...
Oil climbs as fading US-Iran peace hopes raise supply risksOil prices climbed as Middle East war peace talks stalled significantly. Iran announced a shift to a fully offensive military posture. The ...
Oil Price Today (August 17): Crude oil approaches $90 again amid no breakthrough in Iran war talks. What’s next?Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the U.S. Meanwhile, U.S. President ...
Oil treads water as US-Iran peace talks stall, Hormuz shipping slowsOil prices maintained stability as tanker movements through Hormuz showed a decline. While Brent crude futures edged up, WTI futures posted...
Strait of Hormuz shipping slows sharply after tanker attacksShipping through the Strait of Hormuz slowed significantly over the weekend. This decline followed attacks on tankers and stalled United St...