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The area is near the Strait of Hormuz. a strategic waterway through which nearly one-third of all oil traded by sea passes.
Read More »Explosions Hit Two Large Oil Tankers in Sea of Oman
Arab Leaders Summit over Attacks on Oil Assets
Gulf states have a joint defense force under the Gulf Cooperation Council (GCC).
Read More »Arab Leaders Summit over Attacks on Oil Assets
Gulf states have a joint defense force under the Gulf Cooperation Council (GCC).
Read More »Putting End to Political Considerations Necessary for Protection of Civilians in Armed Conflict
The Security Council can show its seriousness in protecting civilians by putting an end to a policy based on political considerations.
Read More »Iran Not after War but Ready for Defense
The Iraqi people will stand beside the Islamic Republic of Iran against threats.
Read More »Baghdad does not Want US-Iran War
Iraq is playing a role to calm the situation but it is not a mediation.
Read More »Oil Gains with OPEC Signaling Output Cut Extension
Tensions in the Middle East continue to risk secure supply of oil from the region to the global market.
Read More »OPEC+ Should Keep Oil Cuts. Even with Supply Risks Ahead
OECD oil inventories as of March stood 22.8 million barrels above the five-year average.
Read More »Crude Oil Futures Largely Stable after Trump Comments on China Trade
China will increase tariffs on $60 billion of products imported from the US.
Read More »Iran Warns Against `Conspiracy by Ill-Wishers` Over `Sabotage` at UAE Port
The suspected attack didn’t lead to any casualties or oil spill.
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