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GLOBAL OIL TRADE HORMUZ
Saudi Arabia says Iran attacked vessel in Hormuz, killing two sailorsSaudi Arabia reported an Iranian attack on a national oil tanker. This incident tragically killed two Filipino seafarers on Monday. The sup...- Oil up nearly 1% as US and Iran trade fresh strikesBrent crude futures rose 87 cents, or 0.92%, to $95.52 a barrel by 0008 GMT, while U.S. West Texas Intermediate crude futures climbed 80 ce...
- Iran warns US strikes will 'tighten the lock' on Strait of HormuzThe Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hor...
- Oil up more than 2% as renewed US-Iran strikes stoke supply fearsOil prices surged as hostilities reignited between the United States and Iran. This escalation raised alarms over possible supply interrupt...
- Two tankers carrying Saudi oil attacked in Strait of HormuzTwo supertankers carrying Saudi crude were struck by unknown projectiles within minutes of each other while exiting the Strait of Hormuz, s...
- Refinery to the world: Energy expert Anas Alhajji on India's surprising fuel advantageFollowing a critical oil crisis, India has surfaced as a pivotal fuel supplier. Refineries reached peak performance, promoting export expan...
- Oil Price Today (September 1): Crude oil above $90 as US, Iran attacks jolt Hormuz hopes. $100 in sight?Oil prices rose on Tuesday as renewed fighting between the U.S. and Iran in the Middle East revived concerns over potential supply disrupti...
- 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...
- 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...
- War weighs on Iran's economy as US intensifies sanctionsIranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign tra...
- Pipelines and ports: Iran war spurs Gulf infrastructure investmentGulf nations are investing billions in infrastructure to bypass the Strait of Hormuz. Ports, pipelines, and railways are top priorities as ...
- 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 ...
- BPCL explores buying Gulf oil on FOB basis, lifts Iraqi oilBharat Petroleum Corp expects its first Iraqi oil cargo soon and seeks more Gulf oil. The company is willing to lift oil from inside the St...
- Oil Price Today (August 27): Crude oil dips to $87, down for 4th session amid Hormuz reopening hopes. What are experts saying?Oil prices slipped on Thursday, extending their losing streak, as hopes of a Strait of Hormuz reopening grew amid diplomatic efforts involv...
- 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...
- Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $...
- Crude oil prices slide 4% as markets look past Iran sanctionsOil prices dropped significantly as traders viewed new US sanctions on Iran less severely. Brent crude and West Texas Intermediate both rea...
- $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...
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