Keywords: Strait of Hormuz
Indian-flagged liquefied petroleum gas (LPG) tankers are preparing to resume navigation through the strategically vital Strait of Hormuz in the coming days, according to maritime tracking data and industry sources. The vessels, currently anchored in Gulf waters, signal a cautious return to activity......
The United States signaled a prolonged military campaign against Iran as Defense Secretary Pete Hegseth said no timeline has been set for ending the conflict, even as Washington prepares its largest wave of strikes since operations began. Speaking at the Pentagon, Hegseth stated that the duration of......
Asian stock markets fell sharply on Thursday as escalating attacks on energy infrastructure in the Gulf pushed oil prices higher, while the US Federal Reserve and the Bank of Japan held interest rates steady amid rising economic uncertainty. Oil prices jumped after strikes targeting key facilities across......
Several tankers carrying Russian crude originally bound for China have changed course mid-voyage and are now heading to India, as Indian refiners take advantage of a temporary US sanctions waiver to secure discounted supplies amid a global energy crisis. The Aframax tanker Aqua Titan, loaded with Urals......
The Bank of Japan kept its interest rates unchanged on Thursday, warning that rising oil prices linked to the Middle East conflict could push up underlying inflation and complicate policy decisions. The central bank maintained its short-term policy rate at 0.75 percent following a two-day meeting, in......
The conflict involving the United States, Israel and Iran has disrupted global energy markets, prompting governments to accelerate efforts to reduce reliance on fossil fuels. After Tehran effectively shut the Strait of Hormuz, around 20 percent of global oil and liquefied natural gas supply has been......
A severe energy crisis linked to the war in Iran is forcing governments across Asia to impose emergency austerity measures, as disruptions in the Strait of Hormuz choke vital oil and gas supplies to heavily import-dependent economies. Pakistan announced it would cancel its annual Pakistan Day military......
Global oil prices climbed sharply on Tuesday as renewed Iranian attacks on energy infrastructure in the Gulf reversed a brief decline, with Brent closing above 100 dollars per barrel and US crude gaining nearly 3 percent on the day. The rally comes as the conflict involving the United States and Israel......
US President Donald Trump said he has requested a one month delay to his planned summit with Chinese President Xi Jinping, citing the ongoing war with Iran as the reason for remaining in Washington. Speaking at the White House, Trump said he wanted to travel to China but considered it necessary to stay......
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