ADNOC CEO Says Hormuz Oil Flows May Not Fully Recover Before 2027
Full oil flows through the Strait of Hormuz will not return before the first or second quarter of 2027, even if the Middle East conflict ended now, the head of
Full oil flows through the Strait of Hormuz will not return before the first or second quarter of 2027, even if the Middle East conflict ended now, the head of
Iran’s self-declared Persian Gulf Strait Authority (PGSA) has published what appears to be the clearest geographic definition yet of the maritime zone it
The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel
U.S. Marines boarded and redirected an Iranian-flagged oil tanker in the Gulf of Oman on Tuesday as Washington continued tightening enforcement of its maritime
A prolonged closure of the Strait of Hormuz could become the most severe global energy supply shock in decades, with oil prices potentially nearing $200 per
The global shipping industry has released sweeping new guidance for vessels transiting the Strait of Hormuz, warning that even if the waterway remains
A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete, the CEO of state
A South Korean-flagged supertanker appears to be attempting to transit the Strait of Hormuz, which, if successful, would be the first crossing of such a vessel
The U.S. Treasury Department has extended its temporary sanctions wind-down authorization for Russian oil cargoes already at sea, issuing a new general license
NATO is discussing the possibility of helping ships pass through the blocked Strait of Hormuz if the waterway isn’t reopened by early July, according to a
(Bloomberg) — US President Donald Trump said he held off on a new bombardment of Iran planned for Tuesday at the request of Saudi Arabia and other
The Trump administration on Tuesday unveiled one of its broadest sanctions actions yet under its “Economic Fury” campaign, targeting more than 50
The U.S. dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, as governments in major consuming
Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news
U.S. Treasury Secretary Scott Bessent announced Monday that the Treasury Department is issuing a temporary 30-day general license allowing “the
The Iranian-backed Persian Gulf Strait Authority (PGSA) has officially launched a public presence on X, marking the clearest effort yet by Tehran to formalize
The International Energy Agency says the ongoing Strait of Hormuz crisis is triggering one of the most severe oil market disruptions in modern history, with
By Weilun Soon May 16 (Bloomberg) –A Vietnam-bound supertanker carrying 2 million barrels of Iraqi crude, which was halted by US forces days ago
By Muayad Hameed BAGHDAD, May 16 (Reuters) – Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million
By Julian Lee and Prejula Prem May 16, 2026 (Bloomberg) –A Suezmax tanker identified as carrying Iraqi crude is approaching India after apparently
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