Search articles

“Brent gained 3.4% on September 9 to $101.21 and WTI 3.3% to $96.05 as fighting between the United States and Iran escalated in the Persian Gulf.”

“Iran says it hit a US boat in latest Hormuz salvo State-run media in Tehran said the U.S. vessel was trying to enter an area that Iran says is restricted in the Strait of Hormuz.”

“Since the fighting with Iran began at the end of February, the Strait of Hormuz has been effectively shut, and American drivers have been paying for it ever since.”

“The new rules were released shortly after President Donald Trump rejected an Iranian proposal to open the Strait of Hormuz, sending oil prices soaring.”

“Both also said that Iran should honor its stated commitment to not develop nuclear weapons, and that no country should charge a toll on international waterways, in a reference to the Strait of Hormuz, which has seen significantly reduced traffic since the…”

“Iran’s president and foreign minister visited New York for the U.N. gathering of world leaders and proposed a deal with the Trump administration that would end the fighting and open the Strait of Hormuz in seven days.”

“Iran could try to disrupt the US route through the Strait of Hormuz or target areas near the Omani coast where the ship-to-ship transfers are taking place.”

“Oil prices fell more than 3% Monday as vessel traffic and energy flows through the Strait of Hormuz picked up, although the Strait has remained largely closed and uncertainty persisted over U.S.-Iran tensions.”

“Drawing from the massive stockpile allowed China, the world’s second-biggest oil consumer and Iran’s top buyer, to dramatically cut crude imports once the U.S. and Israel began their bombardment and Tehran effectively closed the Strait of Hormuz.”