Persian Gulf

Shortage fears grow as attacks on tankers in Strait of Hormuz push oil prices higher

Oil prices rose on Oct. 8 on persistent concern about supply from the key Middle East production region, amid more frequent attacks on ships in the Persian Gulf and the Strait of Hormuz, according to Reuters.

8 October, 02:39 PM

OPEC+ keeps oil taps in check as Persian Gulf exports decline

OPEC+ agreed to keep its November oil output targets unchanged, in line with expectations that further production policy changes are unlikely before next year, Reuters reported on Oct. 4.

5 October, 01:49 PM

‘Market has gone crazy’: Used oil supertankers cost more than new vessels for first time

Used oil supertankers have become more expensive than new vessels for the first time on record as shipowners rush to capitalize on high freight rates in the Persian Gulf, the Financial Times reported on Sept. 28.

28 September, 11:27 AM

Trump says main Hormuz shipping lane cleared of mines

The U.S. Navy has removed or destroyed all naval mines in the international waters of the Strait of Hormuz, President Donald Trump said on Aug. 25.

26 August, 03:05 AM

Iran threatens Gulf offensive after U.S. talks stall

Iran will adopt a “fully offensive” military posture if Tehran and Washington fail to reach a durable peace agreement, Reuters reported on Aug. 17.

18 August, 03:26 AM

Oil prices fall despite escalating attacks in the Persian Gulf

Oil prices fell despite escalating attacks in the Persian Gulf as investors shifted their focus to crude supply flows through key regional shipping chokepoints, Reuters reported on July 30.

30 July, 11:16 AM

Rerouted Persian Gulf oil pipelines threaten Russia's energy revenues

The ongoing crisis in the Persian Gulf poses a lethal threat to Russia's Urals crude oil as energy-producing nations bypass the Strait of Hormuz, Ukraine's Foreign Intelligence Service (FIS) wrote on July 28.

28 July, 11:00 AM

Japan to end reliance on Strait of Hormuz for oil imports from July

Japanese Prime Minister Sanae Takaichi said Japan will source all of its crude oil imports from suppliers outside the Strait of Hormuz starting in July, as the country seeks to reduce its exposure to geopolitical risks, Bloomberg reported on June 11.

11 June, 07:02 PM

Iran demands reparations, U.S. force withdrawal

Iran’s latest peace offer to the United States calls for an immediate end to fighting on all fronts, including Lebanon; the withdrawal of U.S. forces from “areas close to Iran;” and war reparations, Reuters reported on May 19, citing Iranian state media.

19 May, 10:37 PM

Iran allows some Chinese ships to transit Strait of Hormuz — report

Tehran has begun allowing some Chinese vessels to transit the Strait of Hormuz after reaching “an understanding” on Iranian protocols for managing the waterway, Reuters reported on May 14, citing Iranian Fars news agency.

14 May, 10:19 PM

UAE secretly struck Iran’s oil refinery on Lavan Island

The United Arab Emirates may have secretly carried out military strikes on Iran, escalating tensions and triggering retaliatory attacks between the two countries, The Wall Street Journal reported, citing sources familiar with the matter on May 12.

12 May, 01:55 PM

Container ship attacked in Strait of Hormuz, crew members injured

French shipping group CMA CGM said that one of its vessels had been attacked while transiting the Strait of Hormuz, resulting in injuries among crew members and damage to the vessel, Reuters reported on May 6.

6 May, 02:09 PM

Oil surges after fresh attacks in Middle East fuel price spike fears

Oil prices jumped about 6% as Iran stepped up attacks on the United Arab Emirates and vessels in the Persian Gulf over the past 24 hours, according to market data and reports on May 5.

5 May, 01:29 PM

Zelenskyy’s offer makes Ukraine ‘indispensable’ to Gulf states, researcher says

Ukraine has become an ‘indispensable’ source of military expertise for Persian Gulf countries after offering help to shoot down Iranian drones, conflict researcher Maria Zolkina said in an interview with NV on April 28.

29 April, 02:21 AM

Iran closes Strait of Hormuz again less than a day after reopening

Iran is reimposing strict control over the Strait of Hormuz due to a continued U.S. blockade, a spokesman for the Khatam al-Anbiya Central Headquarters said, Fars News Agency reported on Apr. 18.

18 April, 02:19 PM

U.S. blockade of Iranian ports begins

The UK Maritime Trade Operations (UKMTO) on April 13 warned shipowners that access to Iranian ports along the Persian Gulf coast is restricted, suggesting that the U.S. blockade is now in effect.

13 April, 07:58 PM

Ukraine moves to seal security pacts on drone defense and Black Sea — Zelenskyy

Volodymyr Zelenskyy said he heard a briefing from Rustem Umerov on initial talks with Middle East and Gulf partners and announced upcoming security agreements on Apr. 13.

13 April, 05:03 PM

NATO not responsible for Hormuz security – Spain’s FM

Ensuring the safe passage of tankers through the Strait of Hormuz is beyond NATO’s mandate, Spanish Foreign Minister José Manuel Albares told the Senate, according to Euronews on Apr. 12.

12 April, 03:37 PM

Ukrainian troops shot down Shahed drones in Persian Gulf — Zelenskyy

Ukrainian specialists helped defend Persian Gulf states during the Iran war by shooting down Shahed kamikaze drones, President Volodymyr Zelenskyy said on April 10, as reported by AP.

10 April, 07:54 PM

Iran strikes Saudi oil pipeline used to bypass Strait of Hormuz

Shortly after a ceasefire was supposed to have ended hostilities in the Persian Gulf, Iranian forces attacked Saudi Arabia's East-West Pipeline, Reuters reported on April 8.

9 April, 03:41 AM

Persian Gulf

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