Iraq has reached an understanding with the US to allow its oil exports through the Strait of Hormuz using a shipping lane near Oman, Foreign Minister Fuad Hussein said. Iraq's losses from the Iran war and disruptions to oil shipments have reached $60 billion. Exports recovered to 3.5 million bpd in…
Iran and the US trade claims over strikes on vessels near the Strait of Hormuz as ships suffer damage amid escalating regional tensions.
Indian Oil Corporation plans to buy crude and LPG carriers and explore shipbuilding in India as Strait of Hormuz disruptions drive up freight costs. The move complements efforts to diversify crude supplies, increase inventories and strengthen resilience across its energy supply chain.
HPCL struggles to book tankers through the Strait of Hormuz amid rising Middle East oil flows and vessel shortages.
Why is Iran allowing Indian ships to pass through the Strait of Hormuz? Medicines, energy supplies and diplomatic interests explain Tehran's selective exemptions.
Oil prices fall over 1% as Iran-Qatar talks continue, while Strait of Hormuz disruptions and geopolitical risks keep Brent crude elevated.
CENTCOM reports Strait of Hormuz cleared of mines with ships sailing freely; allies, drones, and robust partners support a sustained blockade.
Tentative resumption of Gulf shipments via Strait of Hormuz offers limited relief as nearly 40% of units remain shut
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