On Tuesday, oil prices surged as concerns over supply disruptions arose due to escalating conflicts in the Middle East. Both Brent crude fu...

On Friday, 14 vessels passed the strait including a very large crude carrier laden with 2 million barrels of Qatari oil that exited with it...

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...

Brent 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 now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz ...

Qatar’s prime minister is visiting Tehran to revive diplomacy between Iran and the United States as sanctions intensify and negotiations ov...

Indian refiners and a global energy major will avoid Iran's blacklisted ships. This decision stems from security concerns over vessels cros...

The United States is implementing economic sanctions alongside a naval blockade aimed at Iran. These new measures specifically target coope...

Shipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...

A tanker sustained damage from an unknown projectile near Saudi Arabia's Yanbu port. The vessel experienced a fire on its main deck, but al...

Tehran has allowed Iraqi oil tankers passage through the Strait of Hormuz. This decision follows repeated requests from Baghdad over the pa...

Shipping data indicates most vessels now use the Omani route through the Strait of Hormuz. This route is a UN-authorized channel which Iran...

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 prices climbed as Middle East war peace talks stalled significantly. Iran announced a shift to a fully offensive military posture. The ...

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 prices maintained stability as tanker movements through Hormuz showed a decline. While Brent crude futures edged up, WTI futures posted...

Shipping through the Strait of Hormuz slowed significantly over the weekend. This decline followed attacks on tankers and stalled United St...