Rates for transporting 2 million barrel cargoes from Saudi Arabia to China has jumped to almost $26.000 a day.
Read More »Oil Price Jumps After US Spy Drone Violating Iran`s Airspace Shot Down
The price of oil spiked on Thursday just hours after a US spy drone violating Iranian airspace was shot down by the Islamic Revolution Guards Corps (IRGC) close to the Strait of Hormuz.
Read More »China Buys Iran`s LPG Despite Sanctions
The predicament of the Chinese buyers underscores how the White House’s aggressive trade and foreign policy is disrupting global commodity flows.
Read More »Oil Heads for Weekly Rise as US-Iran Tensions Worsen
Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.
Read More »Oil Prices Jump 5% on US-Iran Tensions
Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks.
Read More »Crude Oil Futures Steady as more Clarity Emerges on OPEC Meet
The OPEC meeting comes at a time of heightened geopolitical tensions in the Middle East.
Read More »Iran will not Give Europe more Time to Save Nuclear Deal
Iran’s two-month deadline to remaining signatories of the JCPOA (nuclear deal) cannot be extended.
Read More »Iraq`s Possible Oil Export Plan in case of Middle East Tension
The Persian Gulf and then the Strait of Hormuz are the key export routes of Iraqi crude oil from its southern ports.
Read More »Anti-Iran Sanctions will Harm U.S.. Allies in Future
Washington has also dispatched additional forces to the region in recent weeks after accusing Tehran of threatening shipping there.
Read More »Pompeo Vows That U.S. Will Protect Shipping in Persian Gulf
There’s no doubt Iran was responsible for attacks on two oil tankers leaving the Persian Gulf last week. and the U.S. will guarantee safe commercial navigation going forward with its partners.
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