Iraq’s oil exports are stalled by Strait of Hormuz risks, causing an 80% production drop and full storage tanks, despite a temporary deal with Iran. Options to bypass Hormuz carry geopolitical ...

US-Iran peace deal weigh on Crude prices. As per the international news agency Reuters, details of the deal were not immediately released, and Iran signalled implementation would ...

China has been stabilizing global oil markets by drawing down massive inventories instead of aggressively importing crude, but that strategy may soon run out of room. Chinese oil imports have fallen ...

Crude prices have surged above $100 a barrel after Trump's latest Hormuz blockade threat. Understandably, the immediate focus is now going to be on fuel prices and transportation costs. But the impact ...

The Persian Gulf countries produce approximately 30% of global crude oil supplies and 17% of natural gas. Almost all of this production is transported via the Strait of Hormuz – the narrow waterway ...

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman ...