Three Seized Iranian Oil Tankers Carrying 6 Million Barrels Of Oil Head Towards U.S.
Three tankers seized by the US are now crossing the Atlantic carrying six million barrels of Iranian crude oil worth about $600 million.
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Eight U.S. Marines Injured In Iranian Missile Strike On Ship In Strait Of Hormuz
Eight US Marines were injured when an Iranian anti-ship cruise missile hit a vessel they were travelling on in the Strait of Hormuz.
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Gulf Of Oman Ship-to-Ship Oil Transfers Reach Capacity As Saudi Exports Surge
Ship-to-ship (STS) oil transfers in the Gulf of Oman have hit their maximum capacity, traders and analysts said.
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US And Iran Explore Phased Deal To Reopen Strait Of Hormuz And Lift US Blockade Of Iran
The United States and Iran are discussing a phased deal that could reopen the Strait of Hormuz and end the US economic blockade of Iran.
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80 UN Member States Demand Urgent Reopening Of Strait Of Hormuz
The foreign minister of Bahrain led 80 member states of the United Nations in a call for the reopening of the Strait of Hormuz.
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World’s Largest Oil Trader Buys 25 Million+ Barrels Of Discounted Iraqi Oil
The largest oil trading company in the world, Vitol, has reportedly purchased 25 to 30 million barrels of discounted Iraqi crude oil this month.
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Iran Passes New Penalties For Cargo Ships Violating Transit Regulations In Strait Of Hormuz
Iran would impose penalties on commercial ships that violate its transit rules in the Strait of Hormuz, including detention or confiscation of their cargo.
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Saudi Arabia Denies Buying 25 Oil Tankers After Iraq Blames Purchases For Higher Costs
Saudi Arabia denied buying 25 oil tankers worth $4.5 billion after Iraq blamed the alleged purchases for a sharp rise in the cost of shipping its crude.
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Pakistan-Bound LNG Tanker Safely Crosses Strait Of Hormuz After Negotiations With Iran
A Qatar-loaded LNG tanker has crossed the Strait of Hormuz and is heading to Pakistan after officials reached an arrangement with Iran.
