Brent crude slipped towards $105.6 a barrel amid reports of a possible phased US-Iran agreement that could reopen the Strait of Hormuz and ease supply concerns.
Iran has ruled out reopening the Strait of Hormuz or returning to the previous framework of negotiations with the United States until Washington meets Tehran’s conditions, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said, as tensions between the two countries continue to escalate.
A conflict already threatening the Strait of Hormuz is now putting another crucial waterway in the spotlight — the Bab el-Mandeb. Yemen’s Houthis are escalating attacks on Saudi Arabia, raising fresh concerns over oil and global shipping. With the Strait of Hormuz already severely disrupted, any further pressure on the Red Sea could create another.
Tehran: The navy of Iran’s Islamic Revolutionary Guard Corps (IRGC) said early Friday a “violating” oil tanker that sought “illegal” passage through the Strait of Hormuz was struck the previous night and brought to a halt. In a statement published on the IRGC’s official news outlet Sepah News, the navy said the Togo-flagged oil tanker,.
Two fishing boats were targeted in a drone attack off Iran’s southern coast near Larak Island, with search and rescue operations underway for missing fishermen.
Tehran: The Navy of Iran’s Islamic Revolutionary Guard Corps (IRGC) said that a super oil tanker seeking to cross the Strait of Hormuz via the “forbidden” route south of the waterway exploded and caught fire after hitting naval mines. In a statement on the IRGC’s official news outlet Sepah News, the navy said efforts to.
Brent crude jumped above $107 a barrel on Monday as escalating Middle East tensions and concerns over disruptions to global energy supplies pushed oil prices higher.
Tehran/Doha: Iran and Oman have agreed on the details of new entry and exit routes for the Strait of Hormuz and will brief Gulf countries on the outcome of their consultations at a regional meeting in Muscat on Monday, Iranian officials said. Iran-Oman Reach Agreement on New Shipping Routes Citing a source close to Iran’s.
New Delhi: Chinese President Xi Jinping on Saturday took a veiled dig at the United States and President Donald Trump over the ongoing conflict in the Middle East, saying the war is not serving any purpose or the common interests of the international community. Xi made the remarks while addressing the 18th BRICS Summit at.