The price of oil sank more than 9% on Monday on hopes that a pause in…
Tag:
Oil
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Oil prices hit $100 a barrel for the first time since May as the escalating conflict…
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Strait of Hormuz: US fires at oil tanker as new Iran blockade begins
by gulftimesby gulftimesBelma, which had previously been sanctioned by the US under a former name for links with…
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Asia
Taiwan Widens Recall of More Than 400 Food Products Over Contaminated Soybean Oil as Political Pressure Mounts
by gulftimesby gulftimesTaiwan has significantly expanded a precautionary nationwide food recall linked to contaminated soybean oil, ordering more…
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Three Iranian tankers loaded with crude oil have passed the US blockade line in the Gulf…
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Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump…
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Asia
Iran Reinforces Underwater Sea-Denial Strategy with Combat-Ready Ghadir Submarines Operating Across Strait of Hormuz Oil Chokepoint
by gulftimesby gulftimesThe Iranian Navy’s public confirmation that its Ghadir-class midget submarines are operating on heightened alert inside…
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US strikes Iranian fast boats as Iran attacks UAE oil facility
by gulftimesby gulftimesShipping company Maersk says one of its US-flagged commercial vessels has successfully exited the Strait of…
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The UAE leaving Opec is seen as a major blow and potential death knell for the…
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US boards ship carrying Iran oil as Trump threatens mine-laying vessels
by gulftimesby gulftimesCentral Command said it has intercepted 33 vessels since imposing a blockade on ships coming to…