Keywords: Iran
Around 60 commercial vessels crossed the Strait of Hormuz on Wednesday, carrying approximately 22 million barrels of oil, according to a US official who spoke to Reuters on condition of anonymity. The reported volume represents the largest daily crude flow through the strategic waterway since early July,......
The U.S. Senate has narrowly rejected a Democratic-led resolution that sought to require congressional authorization for continued American military operations against Iran, leaving President Donald Trump without the proposed additional restriction on his authority to conduct the conflict. The measure,......
The cost of transporting crude oil by the world’s largest tankers has surged to unprecedented levels as disruptions linked to the conflict involving Iran reshape global shipping routes and intensify pressure on the limited fleet of Very Large Crude Carriers (VLCCs). Rates for VLCCs operating between......
US President Donald Trump is hosting Chinese President Xi Jinping in Washington for a high-profile state visit aimed at maintaining a fragile period of relative stability between the world’s two largest economies. Xi’s September 23–25 visit is his first trip to the White House in more......
Brazilian President Luiz Inácio Lula da Silva has warned that the conflict involving Iran is creating wider economic repercussions, pushing up the cost of fuel, fertilizers and food in markets around the world. Speaking to CNN, Lula said the disruption was being felt far beyond the Middle East,......
Oil prices moved higher on Tuesday as investors monitored the possibility of diplomatic contacts between the United States and Iran during the United Nations General Assembly meetings in New York. By 09:15 Moscow time, October West Texas Intermediate futures had gained 1.69% to trade at around $97.40......
Commercial shipping through the Strait of Hormuz has fallen sharply as tensions between the United States and Iran continue to disrupt maritime activity in the Gulf, highlighting growing uncertainty around one of the world’s most important energy corridors. Shipping data showed that only 12 commodity......
The price of diesel in France has climbed to a new record, reaching an average of €2.4097 per litre on Sunday as disruptions linked to the geopolitical crisis continue to weigh on fuel supplies. The latest figure, compiled from prices reported at more than 8,700 service stations, represents another......
Türkiye has revoked the operating licence of Bank Mellat’s Istanbul branch, in a decision announced by the country’s Banking Regulation and Supervision Agency (BDDK) and published in the Official Gazette on September 19. The decision, adopted by the BDDK board on September 18, concerns......
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