On Tuesday, oil prices found stability following a notable decline on Monday. Investors are currently evaluating newly imposed U.S. sanctio...

Shipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...

Iran has blacklisted forty-five tankers for violating its Strait of Hormuz transit rules. The Persian Gulf Strait Authority announced these...

A tanker sustained damage from an unknown projectile near Saudi Arabia's Yanbu port. The vessel experienced a fire on its main deck, but al...

Beginning Monday, Pakistan's Deputy Prime Minister Ishaq Dar will head to the United Kingdom for a five-day tour aimed at addressing pressi...

New United States sanctions targeting Iran are scheduled for announcement impacting global trade partners. Oil shipments through the Strait...

Tehran has allowed Iraqi oil tankers passage through the Strait of Hormuz. This decision follows repeated requests from Baghdad over the pa...

The 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 has taken a pivotal step by permitting Iraqi oil tankers to pass through the Strait of Hormuz. This action follows a series of request...

The United States is set to announce stringent economic sanctions against Iran. These measures could significantly impact Iran and its key ...

Venezuela's oil exports face significant delays due to ageing port infrastructure. Tankers wait up to thirty days for loading, slowing oper...

Shipping data indicates most vessels now use the Omani route through the Strait of Hormuz. This route is a UN-authorized channel which Iran...

Oil 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 surged dramatically in the June quarter, soaring six times compared to previous figures. The UAE emerged as the top ...

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 prices climbed as Middle East war peace talks stalled significantly. Iran announced a shift to a fully offensive military posture. The ...

In a concerning development, oil pollution has stretched across nearly twelve kilometers of Oman's coastline. Fortunately, Masirah Island r...