The price of oil spiked just minutes after Tehran seized a foreign vessel which was smuggling one million liters of fuel near Larak Island in the Strait of Hormuz off Iran’s coast.

Pakistan is expected to be a significant growth driver in global LNG demand.

The goal is to increase Iraqi export outlets and find markets for the increasing oil production.

All 23 crew members of the Stena Impero tanker detained by the Iranian authorities in the Strait of Hormuz are on board the vessel in Bandar Abbas.

Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much.

The car giant is working with German chemical company BASF to develop the premium-grade material.

They are expected to help create more than 1.600 new jobs.

UK Science and Innovation Minister Chris Skidmore signed the agreement with Portuguese Science Minister Manuel Heito to become a full member of the Atlantic International Research Centre.

Water companies must also invest an additional £6m each day between 2020 and 2025 to improve the environment and services for customers.

The rule of reprisal is a recognized concept in international law and it is used in the face of another country’s illegal measures.