Auto Added by WPeMatico
Subsequent events have jerked prices in both directions. Markets were unnerved by the US move to blockade Iran’s ports, but subsequently buoyed by a June 17 agreement between the United States and Iran to cease hostilities.
The post Why the Middle East war still convulses the oil market – Report appeared first on Vanguard News.
Iran’s Revolutionary Guards said Wednesday the Hormuz strait would remain closed until the United States ends its “acts of aggression” while warning that other regional oil export routes could also become targets.
The post Iran Guards say Hormuz to remain closed till US ends ‘acts of aggression’ – State TV appeared first on Vanguard News.
Iran’s ambassador to China insisted Saturday that new fees would be charged to ships transiting the Strait of Hormuz — an idea rejected by Washington — while assuring that “friendly” nations would receive special treatment.
The post Iran envoy says friendly nations to get ‘special’ Hormuz fee treatment appeared first on Vanguard News.
US President Donald Trump said on Monday that oil tankers are again exiting the Strait of Hormuz, following a peace deal, but uncertainty persisted over whether Iran will keep imposing tolls on ships in the vital waterway.
The post US says ships exiting Hormuz, ‘expectation’ of no Iran tolls appeared first on Vanguard News.
President Donald Trump said he was pausing the US military operation to guide stranded commercial ships through the Strait of Hormuz shortly after it began, citing a chance to seal a deal that would end two months of war with Iran.
The post US pauses guiding ships through Hormuz, cites Iran deal hopes appeared first on Vanguard News.
Britain will this week hold a meeting of about 35 countries to discuss how to reopen the strategic Strait of Hormuz which has been crippled by the Middle East war, Prime Minister Keir Starmer announced Wednesday.
The post Starmer says UK to host multi-nation meeting on Hormuz shipping appeared first on Vanguard News.
US President Donald Trump said Tuesday that countries that have not joined the Middle East war but are struggling with fuel shortages should “go get your own oil” in the Strait of Hormuz.
The post ‘Go to Hormuz and get your own oil’ — Trump tells countries hit by blockade appeared first on Vanguard News.
The United States has warned that Iran’s threats to control the Strait of Hormuz pose a far greater risk to global energy security than to U.S. energy supplies.
The post US warns Iran over Strait of Hormuz, says global energy at greater risk appeared first on Vanguard News.
Britain has authorised the United States to use its bases to strike Iranian sites threatening the Strait of Hormuz shipping lane, the government said Friday.
The post UK allows US to use bases to strike Iranian sites targeting Hormuz appeared first on Vanguard News.
“Saudi Arabia and the UAE can reroute some crude output to terminals outside the Gulf,” the International Energy Agency stated in its latest monthly oil report, saying that this can “help offset lost crude flows via Hormuz.”
The post Hormuz alternative oil routes inadequate to cope with demand appeared first on Vanguard News.