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The chemical tanker Kohzan Maru was sailing towards the strait before changing course to remain in the Gulf of Oman. The oil tanker Red Ruby and chemical carrier Marie C were also sailing towards the ...

Americans could see modest increases in the prices they pay at the pump in the wake of increasing conflict with Iran, analysts say. Andrew Lipow, president of consulting firm Lipow Oil Associates, ...

"Even taking into account that earlier, Trump emphasized his unwillingness to include Russia in the mediating group on Iran, Moscow can pacify Tehran and hold it back from excessive strikes on US ...

The People’s Bank of China (PBOC) said in a statement on Tuesday that it will increase support for the real economy.

The key lies in the closure of the Strait of Hormuz. Analysts doubt Iran's response, a "solitary" country risking strategic ...

China has been diversifying its sources for oil imports well before the current Middle East tensions.

Oil price falls back on Israel-Iran ceasefire - The cost of crude dropped sharply, having jumped to a five-month high on ...

While Iran's arch-rival Israel would remain unaffected by such a closure, closure would end up hurting Iran's oil trade as well as those of friendly countries, writes .

As one of the world’s most important shipping routes, the Strait of Hormuz has long been a strategic focal point — from the ...

Oil prices have fallen to $70 per barrel following Iran's missile strike against the US, signaling a potential de-escalation in Middle Eastern tensions while risks to global energy supplies persist.

Iran remains structurally reliant on the Strait of Hormuz. While it has an oil export terminal located outside the Persian ...