Treasury Secretary Scott Bessent is threatening to subject Iran to economic isolation "like the world has never seen before," adding that new measures are expected next week. "It will be a combination ...

Oil markets remain torn between hopes for a U.S.-Iran deal and worsening physical supply constraints, with Hormuz traffic at two-month lows and inventories steadily declining. Refined products are ...

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A debate is brewing in the oil market: Is the Strait of Hormuz way more “open” than we thought? Common wisdom held that the crucial waterway is effectively closed to oil tanker traffic. Iran has fired ...

More vessels are navigating the Strait of Hormuz with their location devices turned off to evade attacks by Iran, adding to the threat of collisions. By Lisa Friedman Lisa Friedman is the London-based ...

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Every crisis in the Middle East returns the world’s attention to the same stretch of water. When tankers are seized, or missiles fly near the Persian Gulf, oil prices move, insurers reprice risk, ...

Two mariners were killed in the past week and a half in the Strait of Hormuz by Iranian attacks. On Monday, an Iranian attack on MV Minoan Dignity in the strait left one seafarer dead. It is the ...

The electrostate-petrostate dichotomy is greatly exaggerated. China’s continuing reliance on fossil fuels, especially coal, has been its most important buffer against the energy shock coming out of ...

Six months into the United States-Israel war on Iran, the closure of the Strait of Hormuz continues to drive one of the worst maritime shipping disruptions in decades. Traffic through the 33km ...

Tanker traffic in the Strait of Hormuz slowed below the ten-day average this week, with only seven commodity vessels traversing the waterway on Thursday, Reuters reported today, citing preliminary ...