Sign in Subscribe

strait of hormuz

White House says US Navy has not escorted tanker through Strait of Hormuz

White House says US Navy has not escorted tanker through Strait of Hormuz

The United States has not escorted any oil tanker through the Strait of Hormuz, the White House said Tuesday, after the energy secretary's social media account posted and deleted a claim that it did so. The shift in narrative caused markets to swing, with oil dropping sharply after

Iran not seeking ceasefire as Trump steps up threats

Iran not seeking ceasefire as Trump steps up threats

Iran remained defiant as fresh explosions thundered out in Tehran on Tuesday, insisting it was not seeking a ceasefire even as US President Donald Trump upped his threats surrounding the strategic Strait of Hormuz. The conflict has engulfed the Middle East and roiled energy markets since the February 28 US-

Global energy body discusses releasing strategic oil reserves

Global energy body discusses releasing strategic oil reserves

Member states of the International Energy Agency (IEA) met on Tuesday for crisis talks to assess security of supply and the potential release of emergency stocks as the Middle East war roils markets, the body's chief said. In a statement following a Paris meeting of G7 energy ministers

UN warns Hormuz standstill will hit world's most vulnerable

UN warns Hormuz standstill will hit world's most vulnerable

The standstill in the Strait of Hormuz caused by the Middle East war could hammer some of the world's most vulnerable people, the United Nations warned Tuesday. The strait is the only sea passage from the Gulf towards the Indian Ocean, through which nearly a quarter of the

Oil crisis: Is world better placed than in 1973?

Oil crisis: Is world better placed than in 1973?

Ten days after the first American and Israeli strikes against Iran, oil prices have cooled slightly after soaring above $100 a barrel. Even if they risk rocketing once more because of ongoing military action, the situation remains very different compared with the oil shock of 1973. AFP looks at why:

War in the Middle East: latest developments

War in the Middle East: latest developments

Here are the latest events in the Middle East war: - 'Empty' threats - Iran's security chief Ali Larijani brushed off threats by US President Donald Trump to hit the Islamic republic harder if the flow of oil stops through the strategic Strait of Hormuz. "Iran is

Trump says will waive some oil sanctions as Iran war roils markets

Trump says will waive some oil sanctions as Iran war roils markets

US President Donald Trump said Monday that he will waive some sanctions on oil to boost supply and bring down prices, due to market turmoil over war in the Middle East. The US-Israel strikes on Iran and Tehran's retaliatory attacks across the Gulf region have upended the