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OIL TANKERS IN INTERNATIONAL WATERS
Oil prices steady as investors weigh impact of expanded US sanctions against IranOn Tuesday, oil prices found stability following a notable decline on Monday. Investors are currently evaluating newly imposed U.S. sanctio...
$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...
Iran threatens 45 tankers with fines, confiscation in Hormuz escalationIran has blacklisted forty-five tankers for violating its Strait of Hormuz transit rules. The Persian Gulf Strait Authority announced these...
UKMTO says tanker struck by unknown projectile off Saudi Arabia's YanbuA tanker sustained damage from an unknown projectile near Saudi Arabia's Yanbu port. The vessel experienced a fire on its main deck, but al...
Pakistan Deputy Prime Minister Ishaq Dar to visit UK from August 24-28: FOBeginning Monday, Pakistan's Deputy Prime Minister Ishaq Dar will head to the United Kingdom for a five-day tour aimed at addressing pressi...
US, Iran keep up hostile rhetoric ahead of new sanctionsNew United States sanctions targeting Iran are scheduled for announcement impacting global trade partners. Oil shipments through the Strait...
Iran allowed Iraqi tankers to pass through Hormuz Strait: state mediaTehran has allowed Iraqi oil tankers passage through the Strait of Hormuz. This decision follows repeated requests from Baghdad over the pa...
In 1942, the tanker SS Gulfoil was torpedoed in the Gulf of Mexico; nearly 70 years later, NOAA found its wreck covered in Lophelia coralThe SS Gulfoil, a World War II tanker, has transformed into a stunning coral reef over the years. After resting on the seabed for decades, ...
Iran grants permission for Iraqi oil tankers to pass through Strait of HormuzIran has taken a pivotal step by permitting Iraqi oil tankers to pass through the Strait of Hormuz. This action follows a series of request...
US, Iran trade threats as Washington readies ‘toughest sanctions’The United States is set to announce stringent economic sanctions against Iran. These measures could significantly impact Iran and its key ...
Rust, power cuts and delays: Inside Venezuela’s oil export crisisVenezuela's oil exports face significant delays due to ageing port infrastructure. Tankers wait up to thirty days for loading, slowing oper...
Iran says it controls Hormuz, but the ships tell a different storyShipping data indicates most vessels now use the Omani route through the Strait of Hormuz. This route is a UN-authorized channel which Iran...
Oil edges up on uncertainty over exports through HormuzOil prices climbed for a fourth day due to supply uncertainty. Investors weighed conflicting messages from Tehran and Washington on the Str...
India's tanker exports surge over six-fold to USD 1.36 billion in Q1 FY27; UAE leadsIndia's tanker exports surged dramatically in the June quarter, soaring six times compared to previous figures. The UAE emerged as the top ...
Oil Price Today (August 18): Crude oil crosses $91/barrel amid fading US-Iran peace hopes. What lies ahead?Crude oil prices surged past $91 per barrel on Tuesday, August 18, as peace talks between the US and Iran stalled. With shipping disruption...
Oil climbs as fading US-Iran peace hopes raise supply risksOil prices climbed as Middle East war peace talks stalled significantly. Iran announced a shift to a fully offensive military posture. The ...
Oil spill affects 12 km of Oman coast, Masirah unaffected, state news agency saysIn a concerning development, oil pollution has stretched across nearly twelve kilometers of Oman's coastline. Fortunately, Masirah Island r...