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strait of hormuz

Iranian sea mines: the West's waterborne nightmare

Iranian sea mines: the West's waterborne nightmare

Tehran is seeking to choke the vital Strait of Hormuz to oil traffic following US and Israeli strikes against Iran, with fears it could be using sea mines to do so. US forces have struck 28 Iranian mine-laying vessels, President Donald Trump said Wednesday, more than a week into

IEA agrees to release 400M barrels from strategic oil reserves

(The Center Square) – The International Energy Agency’s 32 member nations unanimously agreed on Wednesday to a coordinated release of 400 million barrels from their emergency crude oil stockpiles in an effort to restrain soaring global prices as the U.S.-Israeli war with Iran entered the 12th day. The

U.S. strikes over 5,500 targets in Iran as conflict enters day 12

(The Center Square) – As the conflict with Iran enters day 12, 50,000 service members remain deployed around the Middle East, while the U.S. has struck over 5,500 targets inside the Islamic Republic. During a press briefing at the Pentagon Tuesday morning, Secretary of War Pete Hegseth said

IEA to launch largest-ever release of oil reserves

IEA to launch largest-ever release of oil reserves

The International Energy Agency said on Wednesday its member countries would unlock 400 million barrels of oil from their reserves to ease the impact of the Middle East war, the biggest such release ever. The coordinated release was the sixth in the history of the organisation, which was created to

‘Unprecedented in scale’: IEA releasing record oil reserves as Iran war cuts petroleum flows, sends crude, gas prices higher

‘Unprecedented in scale’: IEA releasing record oil reserves as Iran war cuts petroleum flows, sends crude, gas prices higher

The International Energy Agency (IEA) is releasing a record 400 million barrels of oil available to international markets with the war in Iran curtailing petroleum and cargo flows in the Persian Gulf. IEA Executive Director Faith Birol said Wednesday that is a record release and is in response to the

Airlines grapple with impact of Mideast war

Airlines grapple with impact of Mideast war

Global airlines are grappling with the effects of the war in the Middle East, as fuel prices soar and customers reassess their travel plans. The war has sent the price of oil and gas soaring, after Iran's Revolutionary Guards vowed to choke off traffic in the Strait of

Thai navy says cargo ship attacked in Strait of Hormuz

Thai navy says cargo ship attacked in Strait of Hormuz

A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked Wednesday, with 20 crew members rescued so far, the Thai navy said. Photos shared by the Royal Thai Navy showed heavy black smoke billowing from the hull and superstructure of the Thai-registered Mayuree Naree, with life