Global oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Pr...

United States forces disabled an oil tanker in the Gulf of Oman. The vessel, M/T Marivex, violated a blockade of Iran's ports. US military ...

A fire erupted on the oil tanker MT Marivex, located south of the Strait of Hormuz, with all 24 Indian seafarers aboard reported safe. Indi...

Oil prices surged 5% on Monday after Israel launched fresh strikes on Lebanon, raising fears of renewed Middle East tensions and potential ...

The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...

Global oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...

Oil prices held steady on Friday following significant Thursday losses. Hopes for a quick resolution to the U.S.-Israeli conflict with Iran...

West Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil su...

US Ambassador to India Sergio Gor stated that Iran will never possess a nuclear weapon, calling it a "red line" for the United States. He c...

Why are oil prices up today, and will Brent futures and US WTI crude prices continue to rise or decline again? Oil prices moved higher and ...

Asian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to ...

Oil prices held steady Tuesday amid uncertainty surrounding U.S.-Iran ceasefire talks and the potential reopening of the Strait of Hormuz. ...

Iran's Revolutionary Guards threatened to open "new fronts" and keep the Strait of Hormuz closed over Israel's offensive in Lebanon, state ...

Iran's IRGC reports 28 ships transited the Strait of Hormuz under its security. The IRGC states the Persian Gulf's insecurity stems from US...

Qatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purpo...

Parliamentary panel members questioned Oil Ministry officials about petrol and diesel shortages. Officials confirmed crude oil stocks for 7...

Iran-U.S. proposed framework would unfold in three stages: formally ending the war, resolving the crisis in the Strait of Hormuz and launch...