News

Insurance prices jump for ships travelling through Strait of Hormuz
Vessels face dangers from electronic interference to Houthi attacks and threat of further escalation in Israel-Iran war ...
More than 85% of crude oil flowing out of Persian Gulf travels through Strait of Hormuz
Tensions in West Asia raise concerns over oil markets as Iran-Israel clashes threaten Strait of Hormuz closure.
Oil Could Hit $120 if Strait of Hormuz Flows Are Disrupted, ING Says
Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.
What is the Strait of Hormuz? Check Its Map, Importance, Facts and Why it is Important for Oil Transit?
Discover the Strait of Hormuz: its map, critical importance, key facts, and role as a vital chokepoint for global oil transit ...
UAE coast guard evacuates 24 people from oil tanker crash east of Strait of Hormuz
While the crash was not deemed security-related, maritime experts warn of growing risks in the area as the days-long ...
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Strait Of Hormuz: Why Is Iran Threatening To Shut Down This Vital Oil Chokepoint?
Iran is seriously considering closing the strategic Strait of Hormuz after launching missile attacks on Israel, threatening a ...
ExxonMobil CEO talks oil supply amid Iran-Israel conflict
Amid the ongoing tensions between Israel and Iran, ExxonMobil's CEO says there's enough spare capacity to offset any Iranian ...
Israel-Iran conflict: Why Strait of Hormuz is critical for India’s energy imports, global oil and gas flows
There are reports that a few shipping lines may be reassessing routes, particularly the choke point of the Strait of Hormuz, ...