Iran has said the Strait of Hormuz will remain closed until further notice following an attack on a Cyprus-flagged container ship off the coast of Oman.
Oil and Gas Prices Rise After Tanker Strike in Strait of Hormuz
Oil and gas prices moved higher after a tanker was hit by an unknown projectile in the Strait of Hormuz, renewing concerns over energy security and the fragility of US-Iran
Oil tankers leave Strait of Hormuz as exports resume
Three oil tankers carrying a combined 5 million barrels of crude and condensate have successfully exited the Strait of Hormuz, providing an early sign that energy exports from the Gulf
Iran deal inches closer as Trump weighs final sign-off
US and Iranian negotiators have reportedly reached a draft 60-day memorandum of understanding to end the three-month conflict, though the proposed agreement still requires approval from Donald Trump.
Hopes rise for reopening of Strait of Hormuz trade route
The Strait of Hormuz could reopen to commercial shipping within a month under a draft framework agreement reported by Iranian state media on Wednesday, potentially easing one of the largest
Fewer than 20 tankers pass through Hormuz since March
A limited number of shipowners are continuing to transport oil through the Strait of Hormuz despite the ongoing conflict that has severely disrupted shipping activity across the region.
Iran has reopened the Strait of Hormuz to commercial shipping
Iran has reopened the Strait of Hormuz to commercial shipping, according to Foreign Minister Abbas Araghchi, easing concerns about a key global oil transit route.
Trump warns Iranian vessels near Hormuz blockade will be ‘eliminated’
Donald Trump has warned that any Iranian naval vessels approaching the U.S. blockade in the Strait of Hormuz will be “immediately eliminated,” marking a further escalation in tensions.
Oil prices surge above $100 after Trump announces Hormuz blockade
Oil prices have surged back above $100 per barrel after Donald Trump announced a blockade of the Strait of Hormuz, sharply escalating tensions in global energy markets.
The US will start a blockade of the Strait of Hormuz
The United States will begin a blockade of the Strait of Hormuz after peace talks with Iran collapsed, according to Donald Trump. Under the proposed measures, no vessels will be
Oil nears $100 as uncertainty lingers over Hormuz flows
Oil prices are once again approaching the $100 mark, reversing much of the sharp decline seen earlier in the week. On Wednesday, Brent crude briefly fell to around $91, but
Diesel tops 190p as oil prices remain elevated
UK fuel prices have continued to climb, with diesel now exceeding 190p per litre as higher oil costs feed through to consumers.