Crude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began...

Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummet...

Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and...

Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that mo...

A major evacuation plan is now underway for over 11,000 seafarers aboard hundreds of ships stranded in the Gulf. Following a ceasefire deal...

Ship traffic is slowly resuming in the Strait of Hormuz following an interim deal between Iran and the U.S., but lingering questions about ...

Iran US War: United States Vice President JD Vance reported significant progress in talks with Tehran, aiming for a permanent end to the re...

Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a ...

Brent crude futures rose 54 cents, or 0.67%, to $81.11 a barrel, after briefly touching $82.30 at the start of trading. U.S. West Texas Int...

Despite Iran's claims of closing the Strait of Hormuz, millions of barrels of oil continued to flow through the vital waterway over the wee...

This development raises concerns for the shipping sector about safe navigation. Iran's new requirements and possible insurance charges coul...

Iran has announced a 60-day waiver on fees for ships transiting the Strait of Hormuz, following a memorandum of understanding with the Unit...

Brent crude slipped toward $79 a barrel and is down more than 9% for the week. West Texas Intermediate for August was trading near $76 a ba...

A new chapter has begun for maritime trade as leading shipowners are now actively navigating their fleets through the strategic Strait of H...

Japan said Tuesday it has not yet decided whether its military will join efforts to help the resumption of shipping through the Strait of H...

Global leaders are meeting to discuss the Strait of Hormuz. US President Donald Trump expects it to reopen soon. However, European allies a...

Prime Minister Narendra Modi has welcomed an understanding between the United States and Iran to end the conflict in West Asia. This develo...