Oil prices rose on April 7 as a US deadline pressured Iran to reopen the Strait of Hormuz, with President Trump threatening attacks. Brent hit $111.21, WTI reached $114.73, reflecting heightened Middle East tensions....
Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, the head of the country’s state-run Basra Oil Company said....
Two LPG tankers, BW Elm and BW Tyr, are crossing the Strait of Hormuz to India. So far, four stranded Indian LPG cargoes—Shivalik, Nanda Devi, Pine Gas, and Jag Vasant—have been moved from the strait. ...
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Chairman of Masdar and Executive Chairman of XRG....
Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month in April, two sources with knowledge of the matter said, after the US-Israeli war with Iran disrupted trade via the Strait of Hormuz....
Oil prices rebounded on Tuesday, recovering part of the previous session’s losses as renewed supply concerns around the Strait of Hormuz lifted sentiment in global energy markets. ...
Oil prices rose on Monday as investors weighed renewed geopolitical risk despite US President Donald Trump urging other countries to join efforts to secure the Strait of Hormuz, while Iran said the strategic waterway remained open only to countries that are not directly involved in attacks against it....
India is pressing Iran to allow more Indian-bound vessels through the Strait of Hormuz after Tehran permitted two Indian-flagged liquefied petroleum gas (LPG) carriers to cross the strategic waterway, as New Delhi seeks to ease mounting energy supply risks from the Gulf conflict....
Tensions in the Gulf escalated sharply after reports that Iran had begun laying naval mines in the strategically vital Strait of Hormuz, prompting warnings from President Donald Trump and US military strikes against suspected mine-laying vessels....
Aramco warned the Strait of Hormuz disruption from the Iran war could have “catastrophic consequences” for global oil markets and trigger ripple effects across shipping, insurance, aviation, agriculture and automotive industries. ...
Japan has instructed a national oil reserve storage site to prepare for a possible crude release after the Iran crisis disrupted Middle East supplies. Japan imports about 95 per cent of its crude from the region, much via the Strait of Hormuz....
The effective closure of the Strait of Hormuz following the outbreak of the Iran conflict, is likely to be temporary given its vital economic role. This, alongside global oil market oversupply, should limit oil price rises and mitigate any potential disruptions to Iranian oil supply, said an industry expert. ...
US President Donald Trump has said the US navy will protect ships in the Middle East and the government will provide insurance "if necessary" in a bid to contain soaring energy prices sparked by the US-Israel war with Iran....
An oil tanker sailed through the Strait of Hormuz on Tuesday, heading to a United Arab Emirates port to load crude in a rare voyage since the Iran war severely disrupted shipping in the Middle East, according to industry sources and ship-tracking data quoted by Reuters....
Global oil and gas prices surged on Tuesday as the escalating U.S.-Israeli war with Iran disrupted energy exports from the Middle East, triggering supply fears and sending shockwaves through commodity markets....
Iran’s Revolutionary Guard Corps (IRGC) declared that the Strait of Hormuz was “closed” and that any vessel attempting to pass through the waterway would be set “ablaze.”...
Oil price reporter S&P Global Platts has suspended bids and offers for Middle East refined product price assessments that require transit through the Strait of Hormuz due to shipping disruptions from the US-Iran conflict, the firm told subscribers. ...
At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed, after US and Israeli strikes on Iran plunged the region into turmoil....
Global oil prices surged on Monday as escalating hostilities in the Middle East rattled energy markets, raising fears of a prolonged supply disruption from one of the world’s most critical oil-producing regions....
Iran's Revolutionary Guards warned on Saturday that no vessel would be allowed to pass through the Strait of Hormuz, a chokepoint through which nearly a fifth of the world’s oil supply passes....
