Oil prices declined sharply below $100 per barrel on April 8, after US President Donald Trump announced a provisional two-week ceasefire agreement with Iran, contingent on the immediate and secure reopening of the ...
Iraq could ramp up its crude oil exports to around 3.4 million barrels per day (mmbbl/d) within a week if the ongoing Iran conflict de-escalates and the Strait of Hormuz reopens, according to the head of the state ...
Iraq is taking measures to safeguard its oil exports amid ongoing tensions in the Strait of Hormuz. The State Organization for Marketing of Oil (SOMO) has instructed customers to submit crude lifting schedules wit ...
India has resumed buying oil from Iran for the first time in nearly five years, as ongoing tensions in the Middle East continue to disrupt supplies, especially through the Strait of Hormuz, Reuters reported.
Iran has permitted two Indian-flagged liquefied petroleum gas (LPG) carriers to pass through the Strait of Hormuz, sources with direct knowledge said to Reuters, marking a rare exception to Tehran’s blockade that ...
Iranian crude oil has kept flowing through the Strait of Hormuz at near-normal levels, despite Tehran-linked attacks on ships that have slashed exports from other Gulf nations, according to a Reuters analysis of t ...
President Vladimir Putin warned that Russia may halt gas supplies to Europe as energy prices surge following the escalating crisis involving Iran. Speaking on March 4, Putin said the possibility was being consider ...
An oil tanker has navigated the Strait of Hormuz on route to the United Arab Emirates (UAE) to lift crude oil, marking one of the few voyages through the strategic waterway since regional hostilities disrupted shi ...
Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest ...
