Keywords: Strait of hormuz
U.S. President Donald Trump said Friday that his three-day meeting with Chinese President Xi Jinping had produced major progress, while confirming that the two leaders discussed the war involving Iran and the situation around the Strait of Hormuz. Trump made the comments in Washington as Xi's state......
Iran has proposed reopening the strategically important Strait of Hormuz within seven days if the United States accepts a series of conditions linked to ending hostilities and easing military and economic pressure, Iranian Foreign Minister Abbas Araghchi said during the United Nations General Assembly......
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,......
Iran has issued one of its broadest warnings yet about the possible geographic expansion of the Middle East conflict, with a senior adviser to Supreme Leader Mojtaba Khamenei saying that further US military action could push the confrontation as far as the Indian Ocean. Yahya Rahim Safavi, a senior......
European Union gas storage facilities were around 70% full on September 23, highlighting the progress made ahead of the winter season while remaining below last year’s level and exposing significant differences between member states. Data from Gas Infrastructure Europe (GIE) showed that EU storage......
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......
Saudi Arabia briefly activated alerts warning of a potential danger in several parts of the kingdom on Thursday, including Mecca, as tensions continue to rise between Riyadh and Yemen’s Houthi movement. The warnings also covered Taif, Jeddah, Tabuk and Yanbu along the Red Sea. Authorities lifted......
The disruption caused by the Middle East crisis is increasingly raising concerns that tight natural gas supplies could persist well beyond the coming winter, adding pressure to an already fragile global energy market. Industry representatives say the disruption of liquefied natural gas (LNG) flows from......
South Korea is preparing to significantly diversify its energy supply chains, with the government aiming to reduce its dependence on crude oil from the Middle East to 50% or less by 2035. The strategy forms part of Seoul’s first comprehensive long-term resource security plan, developed in response......
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