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SHIPPING DISRUPTIONS HORMUZ
Red Sea blockade threat: Why India’s trade faces a wider supply-chain shockA prolonged disruption could force ships to reroute around the Cape of Good Hope, raising logistics costs while squeezing exporters and add...
Trump threatens to 'bomb' Oman if they get in way of Hormuz dealUS President Donald Trump has threatened military action against Oman if it interferes with the US blockade of Iranian ships in the Strait ...
Crew killed in vessel strike in Strait of Hormuz, UKMTO saysIran war news: The United Kingdom Maritime Trade Operations (UKMTO) on Tuesday reported that a vessel was struck by an unknown projectile ...
Oil Price Today (August 17): Crude oil approaches $90 again amid no breakthrough in Iran war talks. What’s next?Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the U.S. Meanwhile, U.S. President ...
Hormuz ship attacks mount as US vows to cripple Iran economyThe Strait of Hormuz has seen an uptick in ship attacks, causing grave concerns as peace negotiations remain stagnant. Recently, two vessel...
2 UAE tankers attacked while transiting Strait of HormuzThe United Arab Emirates accused Iran of conducting drone strikes on two oil tankers navigating the strategic Strait of Hormuz. Meanwhile, ...
UAE points finger at Iran as two ADNOC ships attacked in Strait of HormuzTwo Abu Dhabi National Oil Company vessels faced attacks in the Strait of Hormuz. The United Arab Emirates accused Iran of carrying out the...
Oil Price Today (August 14): Crude oil dips below $88 despite Trump’s threat to blockade Iran indefinitely. What are experts saying?Brent crude futures were down 30 cents, or 0.34%, at $86.77 a barrel, while US West Texas Intermediate (WTI) crude futures gained 34 cents ...
Iran, US make competing claims over control of Strait of HormuzIran's Basij paramilitary head stated the Strait of Hormuz is under Iranian control. This statement followed US President Donald Trump's as...
Global Market: European stocks gain as lower oil prices offer relief amid Middle East tensionsEuropean shares edged higher as easing oil prices offered some relief, though stalled US-Iran peace efforts and Strait of Hormuz disruption...
Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s whyThe Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its m...
Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts saying?Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.9...
Oil rises as doubts over US-Iran deal heighten supply concernsOil prices increased Wednesday morning due to Middle East supply worries. Attacks on ships fueled concerns about disruptions in vital shipp...
Oil Price Today (August 11): Crude oil rises to $88 after Trump's compensation demand dents Hormuz opening. Here's whyBrent 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 Price Today (August 10): Crude oil rises to $85 amid Hormuz worries as attacks continue. What are experts saying?Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shi...
Iran says Strait of Hormuz reopening depends on US accepting its conditionsIran's Revolutionary Guard stated Strait of Hormuz reopening is conditional on US acceptance. This reopening is not linked to ongoing negot...
Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s whyOil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and impo...