Iran advances bill to charge ships up to $2 million to cross the Strait of Hormuz
Iran's national security committee has approved a bill to formally charge ships for crossing the Strait of Hormuz, after already…
Brent Crude News
Latest Brent crude oil news — price movements, global supply factors, geopolitical risks and energy market analysis.
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Oil rises and Gulf markets rally as Trump threatens Iran sanctions over Strait of Hormuz
Oil prices climbed and most Gulf stock markets closed higher after President Donald Trump threatened new economic sanctions against Iran's…
China’s oil import cuts drive $30 drop in global crude prices amid Iran tensions
China's decision to cut oil imports by 5.5 million barrels per day has reportedly driven a $30 drop in global…
Iran warns neighbours against joining new U.S. sanctions as Hormuz stays closed
Iran's security chief Mohsen Rezaei warned neighbouring states against joining a new round of U.S. sanctions, saying it would make…
Strait of Hormuz Traffic Falls to 6% of Normal as Iran Holds Firm on Demands
Traffic through the Strait of Hormuz has fallen to 6% of normal levels, with Brent crude near $94 a barrel…
