Strait Of Hormuz
6 articles
Brent Crude Prices Fall as Hormuz Supply Surges
Brent crude oil plunged to $72.
Iran and Oman to work on pact for Hormuz transit fees
Iran and Oman have signed a memorandum of understanding to begin work on an agreement regarding the future administration of the Strait of Hormuz and to examine charging maritime service fees.
Indian Tankers Transit Hormuz Strait Amid Traffic Surge
On Saturday, three Indian supertankers, carrying over 860,000 metric tons of crude oil, along with 52 other vessels, safely navigated the Strait of Hormuz.
US Futures Rise as Deal Reopens Strait of Hormuz
Just hours after the global Brent oil benchmark price briefly surged to nearly $103 a barrel, news of a US-Iran deal to reopen the Strait of Hormuz sent crude prices plummeting.
Stocks Fall as Hormuz Deadlock Sends Oil Prices Soaring
Despite Iran's Foreign Minister Abbas Araghchi declaring the strategic Strait of Hormuz 'completely open' on Friday, global oil prices surged and stock markets fell, signaling deep market skepticism.
Iran's uranium stance sends Brent oil prices surging near $103
The global Brent oil benchmark price surged almost 3% to nearly $103 a barrel today, directly in response to Iran's latest uranium stance.