Brent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. ...

Oil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are...

In July, OPEC made a remarkable recovery by increasing oil production to 19.85 million barrels per day. Gulf nations resumed supplies that ...

Iran is not currently discussing details of possible transit fees with Oman as the two countries negotiate a new shipping route through the...

Iran stated the Strait of Hormuz will not reopen until the US halts its naval blockade. Foreign Ministry spokesperson Esmaeil Baghaei attri...

Iran and Oman are developing new mechanisms to monitor shipping safety through the Strait of Hormuz. Discussions between Tehran and Muscat ...

Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shi...

Iran is not currently engaged in direct negotiations with the United States, while messages between the two sides are being exchanged throu...

Iran's Revolutionary Guards will not reopen the Strait of Hormuz until its conditions are met. These demands include compensation for war d...

Iran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongo...

An ADNOC vessel faced a missile attack while sailing through the Strait of Hormuz. The incident occurred early Saturday morning, August 8, ...

Iran's Revolutionary Guard stated Strait of Hormuz reopening is conditional on US acceptance. This reopening is not linked to ongoing negot...

Yemen's Houthi rebels claimed responsibility for deadly attacks this week. These actions escalated the conflict and raised regional concern...

Shipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for w...

According to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, befo...

Britain's economy may shrink in 2027 if the Strait of Hormuz closure continues. Forecasters predict a 0.2% contraction if the waterway rema...

India faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per bar...