Strait of Hormuz reopens: But can ships’ safety be assured?
Shipping operators and insurers prefer to wait and watch from a distance for now.
Your Compass for Current News
Shipping operators and insurers prefer to wait and watch from a distance for now.
Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran.
UK's Royal Marines conduct first-of-its-kind operation in the English Channel, causing other tankers to turn around.
Producers will need time to ramp up output, while port bottlenecks and heightened demand will keep US prices up.
Some 20,000 crew members have been stranded for months amid the closure of the Strait of Hormuz.
British armed forces intercepted an oil tanker believed to be part of Russia’s sanctioned shadow fleet.
The United States military has struck three vessels in the Strait of Hormuz this week, killing three Indian sailors.
The strait is a crucial maritime route, through which 20 percent of global oil and natural gas is shipped in…
All 20 Indians aboard vessel involved in the latest incident are safe, said an Indian shipping ministry official.
Iran is exporting less than one-sixth of the oil it was shipping before the war began.