Brent crude futures climbed $1.08, or 1.23%, to $89.18 a barrel as at 0040 GMT while U.S. West Texas Intermediate crude was at $84.32, up 9...

Iraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz ...

Indian refiners and a global energy major will avoid Iran's blacklisted ships. This decision stems from security concerns over vessels cros...

The United States is implementing economic sanctions alongside a naval blockade aimed at Iran. These new measures specifically target coope...

The United States is set to launch a significant financial offensive against Iran. This move aims to pressure countries to sever economic t...

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

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...

Iranian Foreign Minister Abbas Araqchi has dismissed threatened US sanctions as a sign of desperation, insisting they will fail to defeat T...

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...

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

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

At least one 68,000-tonne cargo of gasoline from India has entered Russia’s domestic market as Moscow responds to fuel shortages caused by ...

Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the U.S. Meanwhile, U.S. President ...

Oil prices maintained stability as tanker movements through Hormuz showed a decline. While Brent crude futures edged up, WTI futures posted...

Shipping through the Strait of Hormuz slowed significantly over the weekend. This decline followed attacks on tankers and stalled United St...

Crude oil futures experienced an upward trend on Friday due to disruptions from tanker attacks and the stagnation of peace talks. Brent cru...