Three empty oil and chemical tankers have diverted away from the Strait of Hormuz, altering their course amid growing uncertainty over whether Iran...
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West Texas Intermediate (WTI) extended the previous day’s sharp retracement slide from $76.75, or a five-month peak, and attracted follow-through selling for the second straight day on Tuesday. The US benchmark crude oil, however, trimmed a part of its heavy Asian session losses to a nearly two-week low and currently trades just above $66.00, down 1.30% for the day. Investors sighed in relief after Iran’s restrained strike on a US military base in Qatar, instead of oil tankers in the Strait of Hormuz. Adding to this, President Donald Trump announced a complete ceasefire between Israel and Iran. This helps ease
Three empty oil and chemical tankers have diverted away from the Strait of Hormuz, altering their course amid growing uncertainty over whether Iran...
Faced with the prospect of continuing Israeli airstrikes and further American involvement, Iran’s parliament has reportedly approved plans to close...
SINGAPORE: At least two supertankers made U-turns at the Strait of Hormuz following US military strikes on Iran, shiptracking data shows, as more than...
SINGAPORE: At least two supertankers made U-turns at the Strait of Hormuz following US military strikes on Iran, shiptracking data shows, as more than...
Iran had also warned of blocking the Strait of Hormuz through which 20 per cent of the world’s oil is shipped out from countries such as Saudi...
Iran had also warned of blocking the Strait of Hormuz through which 20 per cent of the world’s oil is shipped out from countries such as Saudi...
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the […]
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the […]
The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important...
Following US military strikes on Iran, tensions in the Middle East are disrupting global energy supplies, as evidenced by supertankers rerouting near...