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strait of hormuz

Why convoys cannot fully protect oil tankers from Iran attacks

Why convoys cannot fully protect oil tankers from Iran attacks

The Israeli-US war on Iran has provoked a reaction from Tehran that has effectively choked a large chunk of the world's oil supply, and untangling the blockage will take a regional effort beyond what is currently being proposed, experts have told AFP. President Donald Trump has repeatedly

Japan, S. Korea petrochemical industry slows output on Iran war

Japan, S. Korea petrochemical industry slows output on Iran war

The Middle East war is forcing petrochemical giants in two key Asian economies to cut production as the conflict rattles supplies of a crucial oil-derived component used to make a range of plastic goods. The scarcity of naphtha -- a liquid distilled from petroleum that is essential for making ethylene,

War in the Middle East: latest developments

War in the Middle East: latest developments

Here are the latest developments in the Middle East war: - Iran executes alleged 'spy' - Iranian authorities have executed a man convicted of spying for Israel, the judiciary said on Wednesday, in the first such execution announced since the war broke out. "The death sentence of a spy

Trump faces impasse over Iran war

Trump faces impasse over Iran war

Having failed to clearly define an objective or exit strategy -- and sell the American public on a new war in Iran -- President Donald Trump finds himself at an impasse, mere weeks into the conflict. Add to that the high-profile protest resignation of a senior US counterterrorism official on Tuesday,

Iran vets friendly ships for Hormuz passage: trackers

Iran vets friendly ships for Hormuz passage: trackers

Iran is selecting ships from friendly countries to pass through the Strait of Hormuz, a crucial trade waterway cut off by the Middle East war, data trackers indicated Tuesday. Tehran's forces have closed off the waterway, through which a fifth of the world's oil and liquefied

WATCH: Trump disappointed in NATO decision, one U.S. 'will remember'

(The Center Square) – President Donald Trump expressed disappointment Tuesday over NATO allies’ refusal to send ships to help reopen the Strait of Hormuz, a vital waterway under threat from Iran. Trump had called on world leaders to assist in escorting oil tankers through the Strait of Hormuz amid rising tensions

US, European stocks rise despite latest jump in oil prices

US, European stocks rise despite latest jump in oil prices

US and European equities rose Tuesday despite another jump in oil prices as fresh Iranian attacks on crude-producing neighbors added to an already disrupted petroleum supply picture. Market gains in US indices moderated somewhat after an early rally prompted by upbeat outlooks from artificial intelligence leader Nvidia and major